New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-10-26
MR. HANDS NOBLE GIFT FOR EDUCATTON
OVER 81, oOo, 900 TO THE AMERICAN MISSIONARY
ASSOCIATION, IN TRUST FOR THE
TRAINING OF SOUTHERN
NEGROES.
iBr TELEGRAPH TO THE rRrnuNE.I

Boston, oct 25.-There was great sensation at to-
days session of the convention Of the American
Home Missionary Association, in Providence II. l.
rhe first thing the programme was the report Of
the Committee the Financial Standing of the
Society, which was presented by DR.. L. C. Warner.
lie followed the reading of the report with fervcnt
appeal TO the convention to support literally the
work of the association, adding that those who de-
sired help the work in behalf of the dcspscd
could In no way more fully realize their purpose
aims than by turning their bequest and contributions
into treasury OF this association. which had this
work already well organized and equipped DR.
sirieby, the secretary followed making an announce
ment which electrified the audience degree greater
than has been seen In public religious assembly
since, in this city OF Providence. several years
ago at the meeting OF the American Board, its great
debt was lquidatcd. d. Strictly said In substance
The association has received. on the eve OF this
annual meeting the largest public gift bestowed by
Ewing person upon any OF the benevolent societies of
this land Daniel Hand of Clinton. Conn, has given
this association the magnificent sum OF III 900 sJ4 %
In interest bearing bonds, 10 be held In trust. and
10 be known The Daniel Hand Educational Fund.-
Tor the education OF cOl0red young people In the
Nir. Hard made his money in the South, and having
the suffering of the colorcd people felt that no
could not IL better than In providing for their
education, and has chosen to entrust the American
Missionary Association, whose work Is so largely
devoted to the education Of the people of the Southern
states with the care Of this large offering which Is
tho appropriatng of its Income ia accordance with
The provisions sci forth in the trust.
Tremendous applause followed the reading Of this
announcement, and IL time before Dr..
stricby could 60 on with his remarks lie continued
by stating that Daniel Hand was born
in Madison, Conn, in 1901, aud was,
therefore, now elghty-scven years OF age
He had spent most Of his business llc In the SOUTH
being gagged in trade in Augusta, Ga, and Charles
ton. :. C., until the broke out, when he came
North because he loyal to the country. In The
vbfe
were we'll invested and productive. lie almost i'm
mcdiaely began planningas he had no famIly-to de
vote the bulk Of his property to the benefit of his
fcllowm men. lie designed at first to give his prop
criy to Northern Institution, but his attention
turned 10 the wants Of the negroes Of the South;
and, he knew their wants so well he decided 10
make them his benefclarles through the American
Missionary Association.
lie married Miss Ward, OF New-York State, and
had six children His whole family died fifty years
ago. Except for slight deafness he has the use Of
all his faculties lie IS constant reader Of The New
York Tribune, but never allows Sunday newspaper
In his house. He reads The New York Evangelist
The Congregatlonallst" and The independents to
keep posted the state Of the religious work and the
condition of the Nation az large.
Al the conclusion OF Or. stricby's remarks. several
brief speeches made, and resolutions Of thanks
10 Mr. Hand and acceptance of the trust were adopted
by rising vote.
william Ives Washburn counsel TO the American
Missionary Association, gayo further particulars
last night about the gift OF Daniel Hand TO the
citation. Mr. Washburn said that Mr.. Hand had been
thinking for some time Of giving 81 100000 for
educational purposes for the benefit Of the negroes In
tho old slave States. Long and careful inquiry led
him TO select this association as his agent, and the
gift paid over Monday as a trust fund. Mr..
Hand particular to designate tho states In
which tho fund Will be used the States in which
slavery was recognized In 1861" that Is, the slave
states.
Tho conditions OF The iund afc simple Tho asso
cia Ion is 10 isn tho income securities II
III for investments. The income Will be- between
F5OOO0 ana 100000. Tho securities given average
about six per cent. The face values Of the securities
arc 81 900 600. while The market value Is "A litln
moro. individual expenditure Is limited to 300 per
year The money can be paid 10 the individual or 10
tho schools. Mr.. Washburl explained that 500 might
not seem argn amount, but "a scholarship OF $40 at
Hampton Institute. Va. VIII support negro or an
dustrI work ,