Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1883-07-27
Generous Alumni.

At the recent reunion and banquet, of the
Society of Alumni of the University of George
town, IA proposition was set on foot that the
alumni of he Institution should assume, by
voluntary contribution, 10 pay off the inter
est on the debt recently incurred in the erection
Of the magnificent new C,llege building a
committee was appointed in that behalf, and
We learn that the movement bids fair to be II
success. We observe that our talented and
energetic Young coui lyman, G. +. Hamilton,
Esq. took Il prominent part in the movement
and if it succeeds, he will be entitled to much
OF the credit pertaining to il The last issue of
the College Journal has the following in regard
to The matter:
A, the end OF the banquet, G. Ernest Hamil-
ton, Esq, a graduate of 1872, and II graduate
also OF The Law School of The University, who
performed NEST acceptably during the past
year "A great part of the duties devolved upon
the executive committee, in forcble, eloquent
and most opportune speech sci forth the mater
iai and financial wants of the College resulting
from the construction of its magnificent new
building, which competent critics "e pro-
nounced the finest structure belonging TO any
educational institution in the world. Mr.. HAM
lion stated that the Indebtedness yet remaining,
that was incurred on account of this building,
amounted TO upwards of one hundred and Fifty
thousand collars, and the interest thereon to
between nlRe and ten thousand dollars year,
and he rged that the Society of Alumni should
assume the payment of this interest by means
of subscriptions not to exceed hundred dol
lars in each case, and varying according 10 the
ability and willingness OF the subscriber. He
urged that with the three hundred members
hose names were enrolled in the list of the
society, it ought not to be difficult 10 raise an
Qrergge subscription of thirty dollars from
each member, and in no other way could the
society better testify its love for its lima Mater
Fathers Fulton and Doonan ut the same time,
on behalf on the University pledged themselves
TO pay off not less than fifteen thousand dollars
of the principal of the Indebtedness each year,
SO that in ten years it Souid be all discharged
and the amount OF interest TO be raised by The
Alumni should be corr espondingly diminished,
and const quently the individual subscriptions
decreased each year.
The proposition was enthusiastically receiv-
ed, and &C mmlttoe composed OF Geo. +. Ham,
ilton, Esq d C.; Chas. n. Harris Esq, n Y;
Jas. NJ. Healy, Esq, Penu.; Condo b. PaIlen,
Esq, No and Chas. Elliot, Esq, d. c., was
appointed TO take charge OF the business and TO
carry The resolution into effect We ale in
formed 10y members o. this committee, that
although they have not yet formally organized
the matter, subscriptions have poured in upon
them, agsrgaling neaIly TWO thousand dollars,
and they tcie,e there will lie no difficulty
whatever in raising the requiI ed amount. Ii,
as they confidently expect, the aggregate sub
scIiptious exceed the amount OF the interest On
the debt, the excess will he applied upon the
principal. And il is hoped that, in far less
time than the extreme limit allowed by the re-
solution, the entire Indebtedness of the College
will be discharged. and the institution will be
placed once more upon u satisfactory financial
basis.