New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-06-17
Mr.. CoLGATE's SPLENDID GIFT.

o,-r, ,,,r,,ox MORE DOLLARS GIVEN TO THE
UNIVERSITY THAT BEARS HIS NAMI,
HAMILTON \ v June 10 (Special).-By gift OF James
D COLGATE Of New-York Colgate Univers"! reee.v.'
TODAY 81 600 900 as a permanent chuo"Hon" 80 :.
oo library which cost $4,000, and Is the glo vi
,. 49,, will he dedicated tomorrow. BY SET
Element ~ the estate of Eli Perry OF Albany the lneo
,oo,co seminary receives $50 900 for the endo"meho
Of a chair of homiletics. o,..
At the annual meeting of the trustees VI
University, held to-day, the following ool'i'N
was received from the President OF the boaru'
To the Trustees OF Colgate university. o.a
Gentlemen: For many years 1t has oeeh tuy puipo~'
- okn sone provision for this university The accom-
,n,ing document which is submitted for your appo'
Is the outcome OF this intention IL Is soureo "
ecatlon 10 me that have been permitteo u :,
nv purpose during my life. WINE ths pnia' =. 40.
, ,,e,rrunnt is not such would have chosen, IL va"
~ On order 70 secure the benefits OF the statutes Vi
mia state allowing accumuations Tor cer.''" PD =.
noses No conditions have peen lnpo9e ,'i.,i., nv
tho use OF the income to be paa 10 uio ,r,,,s
the custodons OF this FUND except eu'" 10
In its name. .,o ,.no NAV here.
who,over the personal belief Of those VINO may n.v,
.,ar Ail your places, do not see now as ",a,
men they can expend the income OF this pouse 49,,
Fund for other purposes than the oeVeiopheS VI" -
,,ors,tv along the lines marked out for IL oy nun ~
-, -. tho memory Of his life ana CHARACTER 10
o,o,ned am confident that mls u"i w.
will continue TO be in the true Se"so -
form Baptist university, where Ono ie -.
noaa ia to discover and teach truth' III ..o.
ot IL NAV be fearefsy yet reyerenty followed
- o,. load IT, Is my earnest wish that at proper 'e
d In n,orer manner would suggest NJ least onoo !"
80, thu attention OF the students, at all stages Vi "
,r.e may be called to the teachings OF our oa'iour
recorded in the Gospels distinguished from 'ne
,o,ions q, these teachings by men, as enboaleo III o
cotecbisms articles OF faith ond denominationai uoss
Uonng that the blessings OF the PAST may prove ou' %
oornes, Of future blessings upon our INSTITUTION, a '
n
sincerely yours, '
New-York June 6, 1891 S.,,nod
The document referred to was then read otrippou
~ its legal phraseology this document executeu Uy
Mr. Colgate April p, 1891, transferred 10 cOisA''
University the sum of 81 100000, represented oy APP
nroyed securities at their face value on tho
that they be held in trust for the university DS 'noS
trustees: Edward o. Carpenter, Gardner CODY anu
lanes c. Colgate: one-half Of the net income !" "
annually paid over to the university lot It's .uiloH
evnenses the other half in accordance VIII vO Ptr
visions Of certain statutes allowing acclluh1 tba
in Sensational purposes TO be accumulated Dy uie
tustecs until the fund shall, IN the opas,U , :" In,
Taeents be sufficient for the purposes rIerre III
tbe deed of gift The fund thus cres'eu - ,brte
known as 1.-The Dodge Memorial lung: ~, a. nreiasnt
~ +ha memory of the LATE EbeneZer DOnge, NJ
W CnIcate University and the lifelong frlehd Oi Sl
%oIcote In order to prevent TOO sudnen expansive
i a. 600 the income, IS to be paid 10 me MI I'LL
OalS fhe frst year and $40 900 the seconu' lhe
tDtorsgst begins TO run July l, 1881.