Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-07-03

of this University, will authorize su5Scrip-
lions to be made in property, and the time
for final action in location is delayed 10
Jan. /, 1875, that the people Of this city
can be induced to make donations for the
object as above, in land aud other property,
(such as building materially and also in
labor to an amount equal 10 more than
100000 in value and also a site as above
set forth.
'Terms of subscription in property to be,
that value be fixed by disintcreSted par
ties; labor subscriptions to be available
only when 4 note is executed with security,
payable in cash or labor at the option of
the payer.
I'VE speak confidently on behalf of this
city, inaSmuch as most Of us were chosen
on a similar committee to raise donations
here to the Southern Baptist Theological
Seminary about three years since.
"0ur people were then fewer in number,
the object rot so much matter of public
interest as this, yet We raised nearly
S15b,O00 at that time.
1--WE hesitated in arriving at the cOnclu-
sion that our people ought not to be ap-
pealed TO Just now in behalf Of this Uni
yersity, aud perhaps it is due 10 you and
those who are called on to settle this queS-
ton of location, that you have our reasons
(as similar causes will to some extent affect
oti er localities) for deciding not to make,
at this time, an effort to obtain personal
subscriptions here so that you could present
actual figures from us, at the meeting 10 be
holden on July ,, 1874.
-. The prevalence of cholera in a part
of this city at this time last year, the
consequent prostratiOn of business, losses
by our merchants and business men incl
dent thereto.
-. The Financial Crash which sue
ceeded so soon thereafter last fall, unset
Ting values, prOstTating business, Inercau-
tile, manufacturing and mining, through
out the United States, bore more harshly
on this locality because Of previous losses
by reason of cholera, but more especially
by cur mining and manufacturing enter.
pTiSeS. which were in measure Just being
begun, and having prOportionately less cap
ital than localities where longer in opera
ton, sooner bent before the financial storm.
''3. The delay on the part Of Congress TO
fix the future financial policy If the Gov
eminent has held all branches Of business
in suspense.
II. The crash also delayed the building
of the Cincinnati Southern road, which has
very recently been let TO contract, and the
effect of this letting has not as yet fully de
velOped itself here.
-. Our people have made two efforts to
secure the location Of 4 university. We
raised about $4,000 for the first. For the
second we were asked to raise but $4,000,
and it was agreed that until we had time,
about two weeks, in which TO do so, that
competition was TO be allowed. For
some reason the agreement was not OBJ
served. We, therefore, did not report
what We did raise, as all that We
raised was on condition that it was not TO
be binding unless increased to $4,000, and
to be taken in free payment of, and to bind
the last named institution TO be located
here.
"Such are the reasons why we believe
that by delay 10 Jan. l. 1875, we can raise
here the amount as set forth above.
''In view of thepremiszs We are directed
through You TO request of the committee,
s'1st. That they adopt such 4 resolution
as will postpone final action as to the
question of location for the Southern Bap-
fist University until Jan. 3, 1915. 2nd.
That the gentlemen who compose your
body visit Chattanooga now, or at such flu
ture time as you can now indicate
NEUTRALITY-SUSPICIOUS. BID.
The following from Murfreesboro, signed
10y Gen. Palmer, chairman of committee,
was read:
"The committee on behalf of the citi
zens of Murfreesboro and Of Rutherford
county, Tennessee, are authorized and
hereby make the following offer TO your
committee, on the condition that said Uni
versity be located at MurfreeSbOrO, Tennes-
see, to-wit:
l. We are authorized and do hereby ten
der the buildings and grounds Of Union
University, valued at $4,000.
,. Apparatus, library and furniture of
Union University, valued at 5000.
3. Land in Arkansas, valued at SIC, 1000.
4. Subscriptions of citizens of Murfrees-
boro, evidenced by individual bonds,
$4,000. Total Sl39,50O.
The following paper, signed by j. b.
Murfree, Mayor of MurfreesbOro, was also
read:
''The Board of Mayor and Aldermen of
the town of Murfreesboro desire to express
to the committee appointed to locate the
Southern Baptist University sincere de-
sire to have that institution located in our
town. We would state as the sense of this
Board of Mayor and Aldermen that the
corporation viii give all the encouragement
to the institution that lies within its power.
Explanatory Of the fact that the corpora
ton has not as vet made donation to this
Institution, in way of endowment, we de-
sire to say that at present there are no
funds in the treasury of its town adequate
to the purpose, and in order TO be able TO
issue bonds, an act of the Legislature
authorizing their issue is requisite, and be-
fore the assembling Of the Legislature your
duties will have been performed and the
institution will have been located, and,
perhaps, in operation.
"Under theee circumstances the Board
did not deem it prudent to adopt an ordi-
nance donating anything to the Institution,
but we believe if located in this town, the
authorities will make liberal dona ion by
way of endowment and it is the earnest
desire of the authorities as well as Of the
citizens TO have the College located in our
town, and we assure the committee that
both will aid and encourage the same to
the full extent of their abilities and power"
JACRSoN's CLAIMS
The following, properly authenticated,
was cad as representing the inducements
offered by Jackson:
''The citizens of Jackson and Madison
county through their committee do hereby
tender to the Locating COMMITTEES of the
Southwestern Baptist University a good
solvent subscription of s49,625, payable in
five annual installments, the first payable
Nov. Is, 1874; the West Tennessee College
grounds and buildings, valued al $4,000;
the endowment fund of the same; fifty-six
acres of real estate valued at $4,000; one
city lot, $3.50. Total $4,000; provided
the Southwestern Baptist University be 10
Gated in Jackson
M'MISNVuLR's OFFER.
A proposal was received from McMinn
Vile offering to donate $4,000 in real es-