New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-01-24
A THEOLOGICAL ENDOWMENT.

A THEOLOGICAL ENDOWMENT.
Mr.suRrs TO RAISE A FUND OF A QUARTER OF A
MILLION OF DOLLARS FOR THE GENERAL THEo-
logical SEMINARY OF THE EPISCOPAL CHURCH
"A FIRST SUBSCRIPTION OF $4,000.
movement is on foot among the Episeopalians
of this city to raise fund for the endowment OF the
General Theological Seminary, at Chelsea-square.
at West Twentieth-st. and Ninth-ave, New-lorK.
meeting of clergymen and laymen was held re-
Gently at the office of T. S. Winston to consider the
snh;ect Among those present were the Dean OF the
Seminary Bishop Potter, the Rev. Drs. Morgan DIX,
VIM F. Morgan John Cotton Smith, ii. Z. Potter
and Heman Dyer and +. S. Winston j. }. Cisco. >.
NJ Brown S. ID. Babcock, H. +. Picrrepont and u
NJ Miller. Dean Hoffman stated the needs OF the
Seminary which, in the ffty-seven years of its ex-
stence, has trained fifty bishops and 200 other
clergymen Its present endowment is very Insnffl,
Gent for the expenses on the present limited
scale The buildings too small for the require
ments, the students now numbering over 100 and
the eight members of the faculty receive only
meaere salaries for much hard work. some Of them
even receiving compensation Tor their services
The Dean urged that if the INSTITUTION is 10 meet
fbe demands of the Church in the present en-
liqhtened day. and to train those III senQs 1ortn,
it must have larger facilities for Instruction.
The matter had been presented 10 MIN py pr ON
nent banker who urged that a fund OF SIoO,OUo
should be secured TO provide for new cnapei,
q library. lecture rooms and dormtories ana an IN
come sufficient to support the faculty and Few
fellows and to meet current expenses. The Dean
sad that he had doubt all this conld be secured
in time. but that quarter OF mhIlon was aDso-
Iutey needed now in order that the institution
The same opinions were advanced by Bishop Pot
ter. the Rev. Drs. Morgan, smith, DIX ana Il, oyer,
and by several laymen The sentiment OF all was
that by proper effort the requisite sum couid DO
raised aud the matter was confided to the care OF
commitee consisting of the Rev. Drs. Hoffman. Dix,
Tntfle and DYER and Messrs. Cisco Pierrepont,
Babcock, Scott Cornelius Vanderbilt, Elbridge I.
GeFfy t dmd r re- Of the Dean No 4oe West
Twentv-thrd-st., last evening, 1t was Learned that
the subscription had been led with $1,000 by a
layman who preferred that his name should not be
mentioned. The Rev. Dr. Morgan DIX SAID 10
TRIBUNE reporter last night: " Nothing mas YET
been done for the raising OF tins 1und except lne
appointment of the committee: No public appeal
will be made but the will be raised In the same
way as if number of private gentlemen should
attempt to secure funds for any charity or benevo-
lent enterprise. We expect the necessary amount
will be readily raised" 49,, =,
day of next week.
MISS FERGUSON'S ATTACK ON A SMOKER.
THE SEQUEL 10 THE ASSAULT WHICH CAUSED SO
MICH OBSERVATION-DISCLOSURES FERGUSON FINED
So
Miss Frances j. Ferguson, who was arrested last
month for assaulting Edward b. st. John Hen
rioues on Third Avenue Smokingcar, was placed
ON trial in the Court Of General Sessions yesterday
On December ) the complainant was III the car on
his way down town and was smoking Miss Fergu-
son got in the car at Seyentst and rode as far as
Canal-st There the smell of the smoke became
very offensive to her and she went to the rear plat
form While she was standing there she claims
that the complainant came out OF the car ana puied
smoke in her face. She says that shc attempted
TO brush the smoke away with her mum and accl-
dentalIy struck Mr.. Herrldues knocking ms cigar
ont of his mouth. Mr.. Hennques then called her
vile and III gn p SsTg e % car se
saws and while he was doing this she struck him In
the breast with her hand and mnff An ofiicer came
mn and she accompanied him TO the statlon-house.
The complainant asserted that the assault was
unprovoked and that it was more than dow with
the mutf. The jury returned verdict OF assault
WITH q recommendation to mercy. Judge Glider
sleeve imposed fine OF $40. Miss Ferguson was
very indignant and at first refused to pay the me-
hut on the solicitation of her counsel she hnaily
paid it and left the COURTROOM.
DEPRESSION IN ELECTRIC LIGHT sioux.
There have been no recent sales of the Edison
Electric Light stock. Tie latest sale reported was
at about 81. 900 share, but within week the
price has declined There are no bids. and the price
is nominal Que broker said Yesterday that it could
not be sold at 800 and perhaps not for half that
sum. as there was no inquiry About the time II
was announced that the light had been perfected
the stock rose rapidly, and a few shares sold at
s3' zoo share. AS doubts began to prevail the
stock swiftly declined. 1t is said that probably moi
more than fiye shares were soio ~ 'no 'A'"N
The secretary Of the company explained me low ~
nrice by saving that there was very little STOCK ~
The market and that the original holders had SUB,
scribed for thIer stock simply for the purpose o.
conducting experiments with the lamp IL thoSo ea
reri,nents were successful the stock would bednos,
pr;ceiess If they failed, the stockhqlders nao
only paid the amount Of their ORIGINAL todSard sad
49, 81 the a 600 shares probably not more than
twenty os e oSee eHf op
not ssS tns nris the purpose of securing
1t at lower rate -
Acu6s OF GERMAN REPUBLICANS Leans: :,