Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1873-03-12
BOARD OF TRADE.


Large and EnahuslaStlC Meeting.
There was good turnout yesterday eve
ming at the, Board of Trade Rooms, of the
leading business men of our city, who seem
to have awakened to realization of their
best interests. The meeting was very har-
monious, and the following important
business was transacted:
The meeting was called to order by the
President, Mr.. w. w. Woodruff.
The minutes were read, and approved
without objection.
Mr.. Bailey then read the following re-
Mr. President and Gentlemen Of the Board
of Trade:
Your committee, appointed to confer
with Rev. j. F. Spence, Chairman Sub,
Committee on Location of the proposed
Southern Central University of the NJ. p.
Church, beg leave to report the following:
We are informed that the General Con-
ference of the M. E. Church at its quadren-'
NAL session held in New York in May
last, created an Educational Bureau, and
at the same time provided for the estab-
lishment of three Central Universities,
one to be located in the East, one in the
South and one in the West. Instructions
were given to this Bureau to select q loca-
the erection of the buildings and
direct the endowments. It is the
| intention of the Bureau to settle upon the
| location of the Central University of the
| South at once, and proceed Immediately to
| its endowment 1t is expected that its
| endowment fund Will be at least one mil
lion dollars and perhaps more. The sub.
committee which is charged with selecting
a location, meets tomorrow in ChattanoO-
L 10 <I,n nf diffQrpnt
| cities for it's location. The committee
| deems it of the utmost Importance that
| the Board should, if possible, adopt such
measures as will secure its location at
| Knoxville. Chattanooga is moving in the
matter, and we understand that one gem
tleman, fully alive to the Importance of it,
has offered to subscribe five thousand dol
lars, not in mountain lands at 500 an
acre, but in ready cash, towards bonus for
| some proposition will be made to the COM
mittee tomorrow blythe citizens of that
place. .,,,sa,,I Asao aE asssL.
many other important natural advantages
| which we possess, offer inducements that
Chattanooga can not in all respects compete
with; but in order to secure its location
| here, we must show a commendable liber-
ality in offering donations.J The timesis
|
| fore the meeting of the committee takes
place, but we think that if there is proper
expression by those present, indicating
| that liberal offer would be made in few
weeks, the selection of location at least
be deferred by the committee for short
time. -an~s, Iss,s.1xss.
It is hardly necessary forEyour committee
to mention the advantages which would
accrue to the city by the establishment of
such a University here, for you all under
stand that it would add greatly to our pop
ulation and advertise our city in the North
and West more extensively and fayOrably
than could be done in any other way. .,.
| The M. Z. Church is a very large and
wealthy association, and there is hardly a
member of it who will not know all
about the Southern Central University
and the place in which it is loca-
| ted The business men of our city
could not use money in way, which
| would pay better dividend than towards
q bonus which would secure the location
of such an institution in our city. 1t would
| be more like making it loan than a gift,
| for the money so used would be returned
| in a very short time, and in the years to
come pay handsome and increasing digi-,
| dends. Every wholesale and retail, mer-
| chant in the city, and every real estate
| dealer and owner is directly and personally
interested, LIE ID SuCu oil
| institution here would have the effect to
elevate the moral and intellectual tone of
our society and bring with Il large num-
| Der of cultivated and public spirited gem
| tlemen with their families, and
contribute in thousand ways to our
prosperity Never before have we had
an opportunity of such magnitude
| offered to u.s. by accepting which we Sc
| cure to ourselves and our posterity great
| and lasting benefit. The moral effects of
such an institution can not be oyerstated.
Its financial effects are obvious, while the
great benefits Which accompany such an in-
stitution are felt in ways almost inthought
of. Knoxville can not afford to lose it.
| This is certainly golden opportunity, and
| if not accepted nov it will be q source of
| regret to the people Of KNOXVILLE for many
years to come. Your committee respect
| fully recommend the appointment by de
President, Of committee of five, compris
! ing some of the prominent business men
of the city, to solicit subscriptions for this
purpose and report resujts as soon as
deemed necessary. u et'i htHh 1't-."i'.f
Respectfully submitted, IT, y 'Io..f+I '.'' +
-Fi" T.. P. BAILEY, in t3L'" .-','.'
i'yn CHAs. d. McGUFFEY, sIs3ri ~ +,
J. BE- WIN. P. CHAMBERLAiN, ~ 3iiii
| 49, ri7fi #5 hGi 1m Committee. n
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