Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1881-03-22
GENEROUS ACTION.
The Endowment Of Golden Gate Academy
by Moses Hopkins.
Isan Francisco Bulletin, March 18th. |


EDITOR BULLETIN For the purpose of
placing the Pacific Theological Seminary
and the Golden Gate Academy institutions
planted in Oakland, Cal, about ten years
ago, and managed by the same Board of
TrusteesJ on permanent and living basis,
an endeavor is making to raise the sum of
500, 600 to pay debt of about $50, 900
and furnish an endowment fund of $780,
600, the income of which shall pay the
Professors small salaries and provide for
the taxes, insurance and other current ex-
penses, over and above the ordinary in
come. 1t is obvious that this sum is the
least that will suffice, but it can be made
to meet the wants of the institutions until
they shall have grown to larger proportions.
With this object in view, subscription
papers have been placed in various hands,
which read GO We, the undersigned, hereby
agree to pay to the President and Board Of
Trustees of the Pacific Theological Sem
mary, corporation, the sum set opposite
our names, respectively, for the benefit of
the Golden Gate Academy and the Pacific
| Theological Seminary, institutions under
the care of said corporation said sums are
to become payable on the LIST day of July,
| 1881, or so soon thereafter as the full sum
of 500, 900 shall have been subscribed in
reliable pledges"
Upon one of these subscription papers,
Moses Hopkins has placed his name for
| $50 900, conditioned upon the raising of
the entire sum of 100000. Mr.. Hopkins
proffered this generous sum with the
thought that the institutions would thus
be placed beyond the danger of failure or
collapse, and would be so equipped that
they could do their work efficiently, hap
pily and forever And the Trustees stand
pledged to keep the institutions, when thus
endowed, from all peril of deficiency and
| debt Their experience has taught them
what can and what can not be done with
such institutions, the difficulties in the
way of their successful management, and
some of the methods in which they can be
built into usefulness and power.
They have grounds and buildings for
each department, ample for the necessities
of several years to come, delightfully."-
situated and free from any provoking
causes of ill-health. The Theological De-
partment is, of course, professional
school of the usual type for the training
of young men for the work of propagating
Christianity in home fields and foreign
lands, as preachers, teachers and mission
aries The Academy Department fits
young men or ladies for entering college
and university; gives rounded education
| for the business of life to such as do not
intend to enter college; furnishes special
training in various directions when needed :;
helps lads out of educational Displacement,
and instructs those who have need of apy
particular preparation for the other de-
partment. There must, therefore, be in
the Academy, as there is, a sort of primary
section, an English section, and classical
section. The government of the whole is
paternal, moral and religious and the
general atmosphere is meant to be kindly
| and Christian. The aim is to make every
young man practical and capable of caring
| for himself, and of doing his work in life
in manly and honorable way.
It is obvious that these are intended to
be real educational institutions for the
public, to go down through the genera
tions and grow with the years and not
mere schools of this men or that, to furnish
an occupation for a few years and then
property. In time the academy hopes to
rank with the famous academies of the
East, the product of a century or more.
Anu Tile seHlludAl Will pAOoduly grow even
faster than the membership of churches
on the coast, since its ratio of students is
even now relatively larger than that of
most similar institutions In other parts of
the country.
On the other side of the continent it is
becoming almost fashionable to endow
richly all sorts of institutions-edu educational,
benevolent and humane. We read of what
is doing there with wonder, admiration
and thankfulness.- This tendency of money
to flow in such directions has not yet well
begun in our State. May not the example
of Mr.. Hopkins, and the raising of $50, 600
more, if accomplished, as it should be,
begin the turning of the tide. more fully,
of feeling, interest, hope, pride, love ard
holy ambition toward the endowment of
grand institutions among us on this rim of
the continent? On behalf of the Trustees,
J. a. BENTON.
Oakland, March Il, 1881.