Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-07-17


out, and wing to the extent of the confa
CATION and its proximity to the public libra
ry, theatre and other large buildings, great
excitement prevailed.
The Endowment Of Trinity University.
From the Texas Presbyterian.
The Board of Trustees, have spent a
great deal of time and labor in devisiDg
plans for the endowment of Trinity
University. Among the means for the ac-
complement of his desired object, thei.
| attention has been called to that of life In
surance.
After much investigation, the following
letter from Rev. T. G. Blake, DID
brought the Board in communication with
the agents of the Nashville Life Insurance
Company. fhe letter explains itself:
NASHVILLE, TENN, May 80, '73 REV.
| ALPHA YoUNG:-My Dear BrOther:-Ac-
cording to prommise, | have investigated
the matter about which we lad frequent
eonVersa ions at the late Genera Assembly,
and now hasten to drop you line.
The Nashville Life Insurance Company,
which is one of the very best in the coun-
try, will permit you to place in it, for the
endowment of Trinity University, from one
| hundred thousand to five hundrs d thou
sand dollars, on the Ten Payment Plan,
which is the plan. (Agents will explain
! the terms.)
The terms, in my estimation, are very
| liberal, when we take into account the high
| character of the company. Some insurance
| companies, perhaps, m ghs offer more, but
! l would be afraid to risk a company that
! would promise to do better-such a one
could not, in my opinion, be relied upon.
! as said to you at Huntsville, am IA
miliar with life insurance companies, but
| in the whole catalogue l know of no one
which, all things considered, is the equal of
! the "Nashyille Life" l am intimately &C
quainted with its officers, and say to you, in
all candor, if they cannot be relied upon,
! then know Of 10 human organization that
Can be trusted. They sire not only the best
! business men l ever knew, but they are
! high toned Chris Ian gentlemen.
IfyOur Board ShOuiI select the an ashville
! Life you would at once have ia the field,
| in the person of Col. Sam Ewing, one Of
the best life insurance agents in the country.
| Besides he is q devoted, consecrated
| elder in our beloved church. He would be
| a tower Of strength TO the cause.
One more thought: there is no method
of endowigg college equal to that of life
| insurance. The work does not cost the
| college or church one Cent-the company
| pays for it. Ever yours in precious
| Christ, I. g. BLAKE.
2. S.-Since writing :he foregoing, l
| have had another conversation with WIN.
Henry Smith, the efficient ard indefatiga-
| bic Secretary of the Company, and he sug-
gests the following as the quickest method
! DISCRIMINATING the trade-prOVided you
wish to do so:
TheE general agent for Texas, of the
"Nashvilla Life" Isl Sam P. Wright, and
he is the mau through VIII III to make the
arrangement.
Ihaye been thus particular for two rea
sons:
1st am anxious to do all in my power
to aid in the great work of endowment.
I'd. know that the Nashville Life is one
of the most reliable companies III the world.
Glad to hear from you at any time.
T. q. B.
In accordance with the plan suggested by
DR.. Blake, Gel. Sam. P. Wright, General
State Agent for Texas, Of the aforesaid Com
pany, and Col. Sam. Ii. Ewing, one of his
most valued CO. workers, were invited to
meet the Board of Trustees, st Tehuscana,
for the purpose, if possible, of organizing a
practicable plan for permanently endowing
the Institution. After two conferences
with these gentlemen, during
which the subject was thor
oughly ventilated by earnest discussion,
a plan was finally agreed upon and entered
into on the LIST day of July, between tie
Board and these agents, for raising an endOw
ment Of S250,O00, or more. In order to
render the plan adopted more certain of
success, the Board appointed Revs. A. j.
Haynes and w. D. Wear, to cooperate
with Col. Sam. u. Ewing, in soliciting this
endowment.
The plan adopted is, to take out life in
surance policies in favor of Trinity Uni
versity, for 1000 and upwards, on the ten
annual payment plan. In this arrange
ment, the cost to the donor is about thirty
eight dollars per annum on the life of an IL
dividual twenty years Of age. At this rate,
by an on lay of three hundred and eighty
dollars, during the course of ten years, you
secure to the University at the death of the
party insured, $1,000 with all the dividends
aceruing on said policy.
A most fortunate specification in this con-
tract is, that, these policies are non-forfsit- |
ing after the first payment. SO you have
the satisfaction of knowing that nothing
you pay into the Company on these policies |
will be lost, but that the Institution will
ultimately reap the benefit of every dollar
paid in proportion to the number OF pay
ments made,
The agents of the Board are also suthor- |
lied to make sale of scholarships, upon the |
plan previously adopted and published, |
which the agents themselves will more fully |
explain.
Now, the foregoing arrangement has been |
fully entered into, and the Church will suf- |
fer a word Of exhOTtation upon the subject |
of this endowment.
trinity University is the offspring OF the |
Church III this great and growing State; |
and as such it demands the earnest and I'M |
divided support OF Its parent.
1t is self evident proposition that, to |
make it permanent, it must be endowed.
The Board Of Trustees and the Faculty |
look to the Church to give them that assis- |
tance,which, as the guardians of this Insti- |
tuition, they must have TO psrpetuate its ex-
istence ard efficiency. Every member of |
the Church in Texas, should feel himself |
called upon to make liberal contribution |
to this noble enterprise.
1t is thought that the plan adopted will |
secure the greatest results, with She least
expense to contributors, Of any other. Will !
not every map, then, who possibly can, re-
spond to this call?
We are gratifed to announce that,
although the citizens of Tehuscans have
borne the heaviest burdens in endeSvoring
to build up this Institution, many of them
are still coming to the rescue and enrolling
their names under the present plan for en-
dowment.
Finally, we most heartily recommend Col.
Sam. III. Ewing, OF Tennessee, who is an
active elter III the Church, and ReVs. A. j.
haynes aud w. d. Wear, who are jointly
engaged in this work, to the membership OF
the Church wherever they may go, and ask
that they BE- received as worthy representa-
lives of the noble enterprise in which they
are engaged.