Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-03-04
VANDERBILT UNIVERSITY:
Grounds and Ru;,siuas.

/
Grounds and Buildings
Mr.. Editors Not less than ,,o5 htridTed
thousand dollars OF the Vanderbilt dona-
ton 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 the people. / know they are; but they
were given to us, and we are bound to car
| y out the wishes ana directions OF our
benefactor. So the grounds and buildings,
when completed and furnished, will be
worth at least one quarter OF million oil
| dollars.
RESOLUTION OF THE BOARD.
We expect the Church to replace the two
| hundred thousand taken out of the Wander
bilt fund. To move our people TO do this,
the Board of Trust has resolved that when
the Church shall raise On "Ead5trnent
! Ftrids Oh two hundred thousand dollars,
we pledge ourselves to expen1 the interest
thereof Twelve thousand dollars annually.
in the support of young men preparing for
the ministry, and the sons of our travelling
preachers, during their stay in the Univer-
sity. OF coufse this resolution refers only
to those who may irish to avail themselves
| Of ITS provisions. Many students prepating
Tor the ministry in our Church, and the
sons of many of our trrveling preachers,
will prefer to pay their own way.
MEANING OF sssUPPORT."
/ have made the word support, in the
above paragraph, emphatic! it means board
as well as ttIition-in some cases it may
mean more, The benefclaries Ofthis "Rn-
dowment Fund" will be placed upon a foot
ing equal to the average student of the
University. They will not be expected to
| exc out living, as in some institutions, by
employing themselves 10 tcOrk for other
students, or for the members Of the Facul-
| ty-=they will be supported
ENDOWMENT NOTES.
This "two hundred thousand dollar prop
Osition" is very acceptable to the Church.
Our people think that if a benevolent gen
| tlemap in New York can give half mil
| lion, they can give two hundred thousand.
How do they give il? They sign interest
beCriIg notes. IL the reader of this Adj
dress, for example, were TO give an .'En-
dowment Note" for one Thousand dollars, it
would cost him sixty dollars year-thirty
dollars in January and thirty dollars in
July thereafter. The principal may be
paid whenever he or his heirs
NAV chonse 10 d5 50. Again
suppose my reader were to sign
an ..Endowment Note for five hundred
dollars, it would cost him thirty dollars
year--fifteen in January thereafter and fif-
teen in July. So long as the interest is
paid the principal will not be called for.
Once, more; a.. if the reader were 20 give
note for one hundred dollars, it would cost
HIM only six dollars year-three in Janu-
ary and three in July. If he should prefer
4. T. II.
and pay through in five or ten years, we
have notes of this description prepared. If
IT is his pleasure to give no note, and pay
the cash, rs some do, that settles all. We
invest The principal safely, and use the in
terest in the support of Biblical students
and travelling preachers sons. But are
Rerer take public collections.
APPEAL.
Reader, consider thOugltfully and pray
erfully. in view of the inability Of some
young men whom the Lord has called to
preach the gospel to YOU and your children
in view Of the inability of some Of your
preachers to educate their children-and in
view of your own prosperity and response
bility-Ought you not. without farther sp-
p'ic2.iCn, 10 make one of these notes?
Write TO me, and l will send you s.blank'
aid us, as some are doing successfully, l
will send them a Notebook" on applica-
tieB. "Men Of Israel, helps
HITHERTO.
This proposition is responded to every
where. 1t has no reference to the hard
times of 1874. The first interest on notes
taken p01e is paid in January, 1875. Not
a single place has asked to lie excused. |
L, go
purchase the grounds, and the Endowment |
nUtes taken here, and in addition 70 what |
has been obtained by friends and agents |
in other Conferences, | have witnessed |
myself the contribution of the following |
sums:
Lebanon, Tenn. ..............S 1856 GO |
MurfreesbOro, Tenn. 1850 90 |
Forrest City, Ark. (Dr. Win
field, Agent) ............,... 5000 90 |
North Miss. Conference, at Gle
NADIA. ....................... 10000 90
Memphis Conference, at Jackson 5000 90 |
Culleoka, Tenn. ............ 50 90 |
Cedar Hill, Tenn. 1000 90 !
New Chapel, Tenn. 200 90 |
Brownsville, Tenn, (besides
Sl,I50 on a former OCCASION. 1900 90 |
Stanton, Tenn. ......... 1850 90 |
tIallatin, Tenn. 1,lOO 90 |
Columbia, Tenn, Gin addition To-
Gen. Whitih0rne's SOLO,. 1000 % |
Edgeield, Tenn, (besideS cash
subscriptions .......... 1900 90 |
QUESTIONS ANSWERED.
Will the people pay the interest on these |
notes? The semi-annual interest on the |
first notes is already coming in, and pass
ing into the hands Of the Treasurer. Some |
send draftS-sOme postal orders-otheTs |
come in and pay currency.
r. A. NoUNG, Sec. W..
Nashville, Feb. y, 1874.