Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-03-05
VANDERBILT UNIVERSITY.
Call for HeIp-LetteF from the seere-
tary, DR.. Il. A. YOung-ASi Appeal 60
Memphis Mefhodistn.

Memphis Mefhodtsss.
From the Western Methodist, of this
week, we copy the following letter from
Reverend DIR. Young, to which we direct
the particular, earnest attention of our
Methodist readers:
GROUNDS AND BUILDINGS.
Not less than tlDo hundred thousand
dollars of the Vanderbilt donation I"
will be expended on the buildings and
scientific furniture of the university.
The Nashville subscription was made
for the purchase of grounds. These are
large sums, say our readers. / know
they are; bat they were given to US,
and we are bound to carry out the
| wishes and directions of our beDefactors.
So the grounds and buildings, when
completed and furnished, will be worth
at least enc quarter of million dollars.
RESOLUTIONS OF THE BOARD.
We expect the church to replace the
two hundred thousand dollars taken out
of the " Vanderbilt fund.- To move
our people to do this, the board of trust
has resolved that when the church shall
raise an endowment fund Of two hun
dred thousand dollars, we pledge our
selves to expend the interest thereof
twelve thousand dollars annually in
the support of young men preparing for
the ministry, and the sons OF our travel
ing preachers, during their stay in the
university. OF course this resolution re-
-fers only to those who may wish to avail
themselves Of its provisions. Many stu
dents preparing for the ministry in our
church, and the sons of many of our
travelling preachers, will prefer to pay
their own way.
MEANING OF SUPPORT
1 have made the word support, in the
above paragraph, emphatic. It means
board as well as tuition. In some cases
it may mean more. The beneficiaTies of
this Hendowment fund" will be placed
upon footing equal to the average stu
dent of the university. They will not
be expected to exc ont living, as in
some institutions, by employing them
selves to work for other students, or for
the members of the faculty. They will
be supported.
ENDOWMENT NoTES-WHAT?
This two hundred thousand dollar
proposition, as We term it, is very ac-
ceptable to the church. Our southern
pcOpic lnIuAt lu1l IL a DCnCNOIcAG gen
tleman in New York can give half a
thousand. How do they give it? They
sign interest.bearing notes. If q citf-
zen Of Memphis, for example, were to
give an endowment note for one thou
sand dollars, it would cost him sixty
dollars year-thirty dollars in Janu-
airy and thirty dollars in July there
after. The principal may be paid
whenever he or his heirs may choose
to pay it. i know a number of gen.
tlemen in your city who would, l
presume, give such a note, if they
were asked. The Lord loveth a
cheerful giver. Again, if the reader
were to sign an endowment note for
five hundred dollars, it would cost him
thirty dollars a yeaT-fifteer. in Janu-
ary thereafter, and fifteen in July. So
long as the interest is paid, the princi-
pal will not be called for. Once more,
if my reader were 70 give his note for
one hundred dollars, it would cost him
only Six dollars year-three in Janua-
~ and three in July. And what is three
dollars to the person who is addressed
by this column? If he should prefer to
give an "installment note,n as many
do, and pay through in five or ten years,
we have notes of this description pre-
pared. If it is his pleasure to give no
note, and pay cash, that settles all. We
viii invest it safely, and expend the in
terest in the support of biblical students
and travelling preachers sons. But we
never take public collections.
PERSONAL APPEAL.
Reader, consider thoughtl,ully and
prayerfully, IN view of the inability of
some young men whom the Lord has
called to preach the gospel to you and
your educated children-in view of the
inability of some of your preachers to
educate their sons-in view of your own
prosperity and ponsibility-nught you
not to make one of these notes and give
Systematically? Ought you not to go,
as many have done, and cheerfully offer
your contribution?
Give me your postoffice, and 1 will
send you blank note to be iilled. If
the brethren in the ministry desire to
aid in this work-like Rev. Warner
Moore, Rev. I. J. Duncan, and
Rev. G. j. Nugent-I will send them
Endowment Books. "Men Of Israel,
helpW
HITHERTO.
This proposition is responded to every
where. Not single place has asked to
be excused. 1t has no reference to the
imaginary "hard times" of 1874. The
interest on the notes taken now is not
due until January, 1875. Outside of the
Nashville subscription and the endow-
ment notes taken here, and in addition
TO what agents and friends are doing in
the various conferences, l have the fol-
lowing contributions since October:
From Lebanon, Tennessee, $2566 66;
from Murfressboro. Tennessee, $1050;
from the North Mississippi conference
at Grenada, $40, 900; from the Memphis
conference at jackson, 5000; from Gull
leoka institute, $50; from Cedar Hill,
Tennessee, $1,000; from New Chapel,
Tennessee, $500; from Brownsville,
$500 lin addition to $1150 on a former
occasion to Rev. w. M. Patlerson);
from Stanton, Tennessee, $1050; from
Gallatin, Tennessee, $1100; from Column
bia, Tennessee, $1,000; from Edgefield,
(in addition to subscription
for purchase of grounds) $1,000.
QUESTION ANSWERED.
"Will the interest on these notes ever
be paid2" The semi-annual interest on
the first notes is already coming in, and
passing into the hands of the treasurer.
Some send drafts-some send postal-or-
ders-others call at the office and pay
cash.
IN CONCLUSION.
The foundation-walls and first story
approach completion. The ceremony of
laying the cornerstone will be per-
formed in April. The faculties are get
ting ready. 1t is proposed to open some
in January, 1875. [ shall
be glad to meet the friends of Wander
biIt university at the Office of the West
eTR Methodist, or anywhere else.
4. A. YOUNG,
Secretary Vanderbilt University.
Nashville, March 2, 1874.
A Nashville dispatch, Monday, says
that Andrew j. Fuller, the young man
who committed suicide in that city last
Friday evening, was not behind in his
accounts, as stated in the press dispatch
to that effect. 1t did him and relatives
a great injustice, and was sent in the !
absence of the regular reporter.