Huntsville gazette., 1882-04-29

wiah that neither principle nor income be
expended in land or buildings for any 9TH
Or purpose than that of safe and profitable
investment for income. and hereby DIS
charge the corporation and its individual
members, so far rs it is in my power to dc
20, of all responsibility. except for the
faithful administration of this trust accord
ing to their own honest understanding
and best Judgment. In particular also,
wish to relieve them of any pretended
claim on the part of any person, party,
sect, institution, or locality to benefaction
from this fnnd that may be put forword
on any ground whatever. as wish every
expenditure to be determined solely by the
convictions Of the corporation itself as to
the most useful disposition Of its gifts.
desire that the doings of the corporation
each year be printed and sent to each State
libraries in the United States and to the IL
brary of Congress. In case the capital OF
the fund should become impaired. desire
that part of the income. not greater than
one half, be invested from year to year I'M
till the capital be restored to its original
amount / purposely leave to the corpo-
ration the largest liberty of making changes
in the methods of applying the income of
the fund rs shall seem from time to time
best adapted to accomplish the general OBJ
iect herein defined. Bat. being warned by
the history of such endowments that they
sometimes tend to discourage rather than
promote effort and self-rsliance on the part
Of the benefciaries. or to insure to the ad
vancemont of learning instead Of the dis
semination of it. or to become convent
ence to the rich instead of help to those
who need help, solemnly charge my trus-
tees to use their best wisdom in preventing
any such defeat of the spirit Of this trust,
80 that my gift may continue to future gen
srations to be a blessing to the poor: IT at
date Of this foundation it shall appear tc
the Judgment of three fourths of the mem
bers of this corporation that, by reason OF
a change in social conditions, or by reason
of adequate and equitable public provision
reason, there is no further serious need ol
this fund in the form in which it is at tirs
instituted, / authorize the corporation to
apply the capital of the fund to the estat
lishment of foundations subsidiary to theiI
already existing institutioes of higher ed
ucation in such wise rs to make the educa
tional advantages of such institutions more
freely accessible to poor students of th,
COlOIou IhOOs ~ 40 ny WAoA ShSe ehAo " eAo
be administered in no partisan. sectional
or ssctarian spirit, but in the interect of
generous patriotism and an enlig hted
Christian faith, and that the corporation
about to be formed may continue to b
constituted by men distinguished cit her by
honorable success in business or by Ser
vices to literature, education; religion OF
the State.
am encouraged to the execution il
this charitable foundation of loug cher
ished purpose by the eminent wisdom ant
success that has marked the conduct of tn
Peabody Educational Fund ~ u field o
operations no. remote from that coutem
plated by this trust shall commit it t.
you hands. deeply conscious hos i,sutfi
cieut is our beat forecast to provide for tia,
fature that is known only to God, bnt hum
bly, hoping that the administration of
may be SO guided by divine wisdom as t
be in its turn an encouragement to phi
lAntrop;c enterprise on the part Of other,
and an enduring means of good to our be
loved country aud to our fellow-men
l have the honor to be. gentlemen. you
friend and fello " citizen.
john f. SLATER
Norwich, Conn. March 2, 1882.