Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-12-08

The Board Of Trustees of the Univer-
sity of the South, at its last meeting,
long and a%nXiOusly discussed the future
prospects of the University. While the
greatest qualification was felt and ex-
pressed at the success which had hitherto
attended it, there was a profound feel
ing of the necessity of securing what
had already been accomplished, and
building upon the foundations so well
laid; all felt that we were upon the
threshold only Of the great work, which
the Church, and the wisdom of our
revered fathers in the Church, had de-
volved upon us. We felt this RESPONSE
bility as one that could not be post
poned or transferred. It was finally
| concluded that we must at once enter
upon the task of raising an endowment,
commensurate with the importance
of our work, and the necessity Of huild-
ing up the University TO the measure of
the needs and expectations Ofthe Church
and country. An endowment of five
hundred thousand dollars was believed
to be the least sum to which we should
limit our present efforts. This conclu-
sion having been reached, the next ques-
ton was, how shall we proceed to raise
the amount? With entire unanimity,
all minds were directed to the Bishop of
Tennessee, upon whose devotion to the
University, evidenced in so many la
bOrs in its behalf, all felt we might safe
ly count. The following resolution was
at once agreed upon and passed:
ReSolUed, That for the purpose of rails
ing a fund of not less than five
hundred thousand dollars as an
endowment of the University of the
South, the Rt. Rev. Bishop of Tennessee
is hereby requested as the Commissioner
Of the University, to procure one thou
sand subscriptions of five hundred dol
lars each, or to take such other steps as
be may deem best to secure a sufficient
amount for the endowment; and further,
that he Is authorized to require five per
cent. of all subscriptions to be paid in
cash, which shall be his compensation
for services rendered and expenses in
Cured.
1t was suggested that if it were pos
sible to procure the services of some law
man, well known to the country and
identified with the institution, it would
greatly aid the Bishop in his labors; and
it was
Res0lued, That Generel ]. B. Ker-
shaw, of South Carolina, is requested to
render such aid to the Bishop in his
work as he may be able to give, and that
his expenses be betrayed by the Univer-
sity.
1t was further
RESOLVED, That in case the Bishop of
Tennessee consents to accept the mis-
sion rendered him, the other Bishops
connected with the University are here
by earnestly and respectfully requested
to cooperate with him in their respect
i've dioceses, by their personal aid and
influence, as well as by obtaining for
him the assistance of such clergymen
or laymen as he nay find able and will
ing to unite with him in the work.
In 1859 Bishops Polk and Elliott were
appointed Commissioners to raise an
endowment fund for the University.
In a few months, in two diOeeses alone,
they had received notes and obligations
to the amount of four hundred thousand
dollars. The University had then no
existence, except its location and two
temporary buildings; ali was in the
future. Bishop Quintard goes forth as a
Commissioner to raise an endowment
for a University, which is already well
established and moving forward with a
steady and prosperous onward progress.
Its endowment now will enlarge its
operations, Increase its usefulness, and
give scope and vigOr to all its depart
ments, enabling new schools Of instruc-
tion to be opened, thus promoting the
interests Of the Church and country.