The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1888-05-03
A synopsis OF the VIII.

-, ~NNS '~p"ec III 1SSOAfO ofC1 GHO
thousand dollars. l.. Ct. EVANS,
A Synopsis OF the VIII.
There has been some speculation as to
the provisions of the will of the late Thos.
G. Clemson, touching the founding Of an
agricultural college at the Fort Hill planta-
ton. The Kcowcc Courier has made the
following abstract, which must prove of
interest:
Item l bcqucaths the Fort Hill place,
containing S14 acres, more or less, TO the
executor, i'll trust, that when the State
shall accept said property as u donation
Tor the purpose of founding an agricul-
tural college thereon, in accordance with
the views of the will ('of which the Chief
Justice of South Carolina Shall je the
Judge), the executor shall deed the place
to the State and turn over TO it, as an en-
dowment OF said institution, all the prop
crty hereinafter given for that purpose;
provided the State shall signify its accent,
ancc OF the donation and begin practical
carrying out thereof within three years
after the probate of the will. Until such
acceptance the executor is to invest the net
produce Of the land and other property for
the endowment fund, if accepted by the
State; and II not so accepted, for the school
hereinafter provided for.
Item appoints II. w. Simpson, ID. X.
Norris, Nj. IL. Donaldson, r. +. Bowen, b,
K. Iillman, j. E. Wannamaker and j. e.
bradley, seven in number trustees, with
the power to fill ali vacancies from any
cause, in pcrpetuity, and expressly denies
the State the power to take away or abridge
theirs powers or number but the State
may provide through the Legislature, as it
secs proper, or accepting the donation, Tor
the appointment or election Of six other
trustees, the maximum number of Trustees
being limited to thirteen forever. The
last clause of this item reads: The name
OF this institution shall be the Clemson
Agricultural College of South Carolina. &"
1hc trustees are requested to meet as soon
after the death Of lestatUr as practicable.
fill all vacancies, if any, and proceed at
once to c1lec:uatc, as far as they can, the
purposes Of the will.
Item 3. Upon the actual refusal of the
State to accept the donation made in and
upon the terms of the will, or upon its non
acceptance by the State within the three
years, upon the terms and conditions
named, the donation to The State is revoked
and the executor III execution of his trust
shall convey the Fort Hill place and the
accumulated fund arising therefrom, to.
gcther with all other property, real or per-
sOnal, hereinafter disposed of and intended
TO be given to the said agricultural college
as an endowment. to the seven trustees
named above or their successors who shall
erect upon the Fort Hill place such school
Or college tor the youth OF South Carolina
as in their judgment will be for their best
interest, with proviso that the school
sEall be principally for the benefit of tbe
agricultural and mechanical classes, and
shall be free to the pupils as far as the land
ana endowment fund will permit. The
trustees ale directed to securely invest the
luhuS ana hold them as perpetual cndOw-
mont OF the institution, using only the in
tcrest and income from the land, except the
trustees are permitted, for the cost of erect
ing suitable buildings, to use the incomeo of
the land and accumulated interest after his
death and as much as 50, 600 of the corpus,
IL necessary i'll their judgment. The item
closes: 'Ihc name OF this institution shall
be the Clemson Scientific School or Col
!cgc.'"
Item directs that the dwelling on Fort
tllil shall never be torn down or altered,
but shall be kept in repair with all articles
OF furniture, &C., given Tor that purpose,
and shall always be kept open for the in
spt ction Of visitors, allowing such part Of
the house TO be used by professors as the
trustees direct
OF the value Of the property thus be
IuCoIhC'iD Illt SOuIlCI makes lnG 1OllOW
ing estimate:
The amount likely to accrue to the State
for the college has been variously estimated
by con njecturc. From talk with Colonel
Simpson, who is q good law1 er and ac-
countant, and who, from his position rs eX.
Gcutor, has access to sources of true in.
formation. we can speak with some degree
of certainty. Co.. Simpson informed us
the property consisted largely of stocks
and bonds of interpretations of this and
other States and personal bonds well Sc
cured. Upon n rough estimate of the
principal and interest on such investments
and premiums now rated on same, he felt
satisfied the rcsiduary fund for the college,
over and above the Fort Hill tract of land,
and after the payment of specific legaccs
and oil expenses, would be 5000 or up.
wards. lie said there was u tract Of land
in Maryland, near the line of the District
OF Columbia, which had been negotiated
for sale at $40, 900, but sale not completed
from some cloud Gu the title. If Colonel
Clemson owned this whole tract, which is
likely true, the fund for the college would
be $50, COO. If he owned one Ialf interest
in the land the fund would be $75, 900,
and If no interest, there would be SIC, 900
for the college over and above lcgacics and
expenses.