The new North-west. [volume] (Deer Lodge, Mont.) 1869-1897, 1882-02-24
MONTANA COLLEGIATE INSTITUTE.
A Movement 10 Extinguish the Debt and
Establish n Permanent school.

|
AT called meeting of the stockholders of
the Montana Collegiate Institute, held at the
Office of o. B. o'Bannon. Deer Lodge, Fri
day evening, February 18th, T.. Fl. Irvine
was elected Chairman and Addison Smith
Secretary. The Chairman stated the associa-
ton was in debt about 5000, of which a zoo
was an obligation held by Donnell Clark &
/ Larabes bank, and the meeting was called
to obtain an expression from the stockhold-
ers az to the best method of extinguishing
the debt, etc. The assets are the Collegiate
Institute building, six blocks of ground In
Deer Lodge and about $1,000 of unpaid sub
scriptions not available.
| Rev. j. X. Russell submitted a memoran-
dun looking TO an eventual proposition from
the Preshytery of Montana, which included
the idea that ). +. Larabie would take up
the debt, not exceeding 5000, and carry il
ten years at per cent, the Presbytery
meantime 10 have the use of The building
without cost and maintain n good school UNI
der direction of the Presbytery. AT the end
of ten years the Presby terry might take the
building and grounds for the principal and
interest, or ii it did not desire to do so,
would relinquish them and the Trustees
should take back the property on payment
Of principal and interest. Mr.. Russell had no
authority to obligate the Presbytery in the
| matter, and its next session will not be held
until August, 1882.
| Il. II. Irvine offered to be one of twenty to
| lift the debt ut once. and said he would then
take IL and agree TO have n good non-sectar-
ian school maintained therein for ten years,
| erect requisite buildings for boarding etc,
and at the end of that time purchase or re-
turn the property TO the Trustees. He would
formulate his proposition fully and make it
still more favorable if granted a few days
| time 10 do so.
After consideration of the subject a mo-
| ton prevailed to adjourn the meeting until
Saturday evening, February 18th. at Fire
mems Hall, and the Secretary was instructed
| TO give notice that all propositions there 10
be- submitted should be made in writing, and
the persons making the same were requested
to be present during the discussion of them.
AS shown above, the subscriptions TO the
Collegiate Institute were not all collected.
The construction of the building cost more
than anticipated. Before it was completed
the Trustees decided to open the school and
they run largely behind In employing All ex-
prnsive corps Of teachers, without having
adequate school rooms or boarding and lodg
ing facilities. To complete the building it
was necessary TO use more money than
could be collected form subscribers and the
sum necessary was borrowed, Messrs. III. II.
Zenor, .. b. O'Bannon and Z. III. Irvine
giving their paper for the amount As sta
ted above, the sum borrowed, with interest
and other obligations, amounts to about
So, 900. The parties responsible for this money
desire to be relieved. The building, instru
ments, apparatus ,and grounds are worth over
100000. About one year ago they were
leased for one year to Rev. w. Mountioy,
who has been conducting the Institute the
present term and has had an enrolment of
thirty i've scholars. His lease viii! soon ex-
pre. 1t is now desired to place the insttu-
ton in the hand of some person or body
that will maintain such school as contem-
plated and erect such building ~ il necessary
To accommodate scholars from abroad who
desire rooms ami board. The inability 10
procure these has been the great detriment
from the first Thu past winter there weIe
dozens of applications made and boarding
facilities could not b. had. 1t il necessary TO
remedy this defect and place the Institute
under control of "A persons or body able and
obligated TO provide the facilities AMI main
tain the character Of school contemplated.
The building Is a good one. 1t il adapted for
school purposes and should be retained for
that alone. There have been applicants
every session since it opened sufficient
TO MAINTAIN it, and once firmly established it
will grow with every year. 1t was anticipa-
ted propositions looking TO this result would
be submitted at the called meeting reported
above, but not being in form for considrra-
ton the meeting was adjourned until to-mor-
row night. 1t IL desirable that all stock
holders shall be represented and trusted that
proposals in tangible form will be- offered.
Public interest has been reawakened in re-
gard TO the institution and we do not doubt
will result to its benefit. Let there be good
representation until the desired end is at
| tanned. Enterprises Of this character gener-
ally have crises to pass and their friends
show the wcrthiest fidelity in standing by
them. There seems no doubt the Institute
will go into good hands and be- placed on an
enduring basis. 1t Is the duty of the stock
| holders to give their aid and counsel in pro-
curing that which In best