The Lake Charles echo. [volume] (Lake Charles, Parish of Calcasieu, La.) 1876-1898, 1882-06-24
A Quarter of n Million Donated
10 m N0bIe Cause
New orleans Picayune.

4 -
New Orleans Picayune.I
Last winter something of seusa-
tion was created BY the announcement
that Paul Tulane, Esq, a wealthy ci-
tizen of Princeton, New Jersey, but
for many years a resident Of New Or
leans, had given large estate for the
benefit of education in this city. Tho
State Legislature, then in session,
passed an act protecting the donation
for the purposes intended, while Judge
Seay, a member from Caddo parish,
eulogized the generous donor in fitting
terms.
Since then there has been some de-
lay in concluding the arrangements for
the trust, but these have been finally
perfected by the recording at the New
Orleans office of records, the incor-
poration of company Of trustees to
administer the estate for the education
of the white youth Of this city.
The property granted to the trus-
tees embraces all the real estate owned
in this city by Mr.. Tulane, and con-
sists Of the following:
A lot and improvements on Fulton
street, between Lafayette and Girod,
its assessed valuation being $500 lot
on Peters street, between st. Joseph
and North Market. 5000; lot on the
square bounded by Gragier, Poydras,
Fulton and Peters, and fronting on
Fulton and Poydras streets, and valued
at $40, 900 lot on Tchoupitoulas street,
between Gravier and Natchez streets,
and valued at $4,000; lot on Camp
street, between Grayier street and Com
mercisl Place, valued at $1,000 lot on
Camp street, between Common and
Grayier, valued at $2S, 900; lot on Full
ton, between Common and Grayier
streets, $4,000; another lot, next door
to the former valued at $4,000; lot
on Tchoupiloulas street, between Canal
and Common streets, valued at Sl6,-
600; another lot on the same block,
$4,000; lot on Canp, between Canal
and Common streets, and valued at
$4,000; another lot on the Same
block, being the premises occupied by
the Firemen's Insurance Company,
valued at $50, 900; lot on Front street,
between Crossman and Customhouse,
$500; another lot on same block,
$500; lot on Decatur street, between
Customhouse and Bienyille, valued at
$1,000 and lot on Liberty street, be-
tween Customhouse and BienVille,
800. These values are taken from
the assessors books, and foot up to-
tai sum Of $239,S0 the interest or
income from which is to be devoted to
the purposes above stated
The trustees to whom the manage
ment of this estate is confiled are:
Gen. r. L. Gibson, president; Judge
Charles Z. Fenner, first vice president;
James Mcconnell, second vice presi-
dent and Messrs. p. N. Strong, G. A.
Samuel II. Kennedy, B. M.
Palmer, Hugh Miller Thompson, r.
NJ. Walmsiey, E. d. White, K. II. Far
rar, Cartwright Eustis, John 7. Har-
die, Walter +. Stsuffer, Henry Ginder,
I. G. Richardson and w, o. Rogers.
Many old citizens will remember Mr..
Tulane, large and unusually fine man
who kept clothing store on Chartres
street, near Canal, business in which
he laid the foundation of his large for
tune. He was strict and exaeting IN
all matters of business, but extremely
to the distressed, and Just
and upright in all his dealings. He Is
now an old man, near ninety years
laviug passed over his head, and is
preparing for the close of busy and
Useful life by further acts of beneyo.
ence and benefcence.