The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-06-13
HON. N. ]. HAMMOND.
Writes on "The University, and Its Ehoo"
ment by the State and by Private Persons.

The first named county In Georgia was
Liberty because on it's soil was the NE
act of open rebellion against BRUSH iuie !"
this province. One acquainted WIN lhe nis
tory could write most entertaining ch'P
Ter upon the reasons for the names Oh our
counties. But it is foreign to the prescn.
purpose to say more on that llne 'nsh .ia'
in 1904 Baldwin, the scholar from i'le'
statesman and author of the university ch.i
ter and Governor Milledgc, donor OF 'ne
university site, gave their names respectively |
to Baldwin county and MllledSevllle us
| county site and the capital Of the state. me
compliments were as deserved us the he
| MORALS lasting.
! put This is n depression. For thirty years
the English scheme of renting its lahus n'o
| been fostered. But the counties containing
| the university lands preferred perih'he'i.
settlers to transitory tenants ana the ren.n
was too variable to make the phhls ioi
university support in county 50 'li,,!
nominated Therefore, the legislature reauily
allowed the trustees to sell the lahu' W ~"
tematize the funds belonging thereto
The legislative scheme then was TO nave
the proceeds of the lands invested IN pahS
| stocks The act for the sale was approved
| on the 18th of December, 1919, ana Oh 'he
next day the governor signed the Dlh Great
ing the Bank of the State Oh Georgia, III
| which the state reserved for itself 6,ooo
| shoros Of stock and provided that the trus-
tpes Of the university should have until Jan
uarv 1917, to subscribe for l,VOo shares Out
of the SIX thousand reserved for the STATE,
The act of 1915, quoted in the iist "i'ioie'
| compeNcd the trustees to invest the Pio
ceeds of such lands in bank stocks only anu
to use only the dividends for the purposes
Of the university The income iro' tl'' W.
pended upon the fluctuations IN business anu
Nv the failure of the bank or bahhs the "i''i'
investment might be lost Therefore, when
thn lands had been sold. including the NIL
lodge lands and the proceeds as faSt as cor
lectcd had been invested as directed III jam
stock. the legislature in 1871 chac'ed Una,
..thn ncrmonent endowment Of the university
shall consist Of sum not less IMAM eiA"'
thousand dollars per annum ana l"|t ,nc
i SIS 600 should be paid although the S'och Wv
idends should fall short OF that sum ii"'
endowment did not exhaust the laliu NOUS
for the same act put aside 2oooo o'nei uu,
lars Ton them as security to puma Ne"
college, ,,ao
In pamphlet prepared by CharieS f r
worth Jones entitled education in Geor
ola " and published by the bureau Oh GU
ucation of the United States III 1851 'Ppe''A'
ed the following: ,.,a,rs
Including the library and u portion Oh tne
opDaratus was destroyed by hre' anu !" ".
place the loss thus incurred, ana a'9o 70 'lp -
in the current expenses an approP'i"'io'' w. -,
sc 600 was made by the legislature, "hH'
vas ounuoIly continued from 1890 until ISL.
while this fund has been regarded by souie
in the light Of donation from 'ie ~, ,,
If would appear to have been rc'hS n"'li',9
ora th,n an Acknowledgement by the state
Of . long outstanding debt For, Wheh 'ne
- OOo acres Of land We're sold ana drought
S11O ooo ar more only 100000, as mas peeh
seem were invested In bank STOCK lo' 'ne
| bannft of the university leaving ABOUT scF,
| outy-iyo thousand dollars. besides thc 'oo'
acres Of land lost under the treaty Oh neu"
for+ unoccouutcd for. in the hands OF u't
state This liability was met by All "t t!t
appropriation of the interest tleie'"'
was estimated at $4,000. ooo For +1,
such an act was passed In 1851 i"i INV
,,,r,,nsoe .ond TO provide for the education
If certain poor children therein mehtloheu
, and fine appropration Except that loI P"o.
! children remained OF force uhlll ION ~
the data are not at hand 10 verify oi WI, -.
Mr. Ionrs's statement that 1t was 10 pay
! lane, outstanding debit" Mr.. Jones Is IL"
= tbonchout that pamphlet accurate. fof III
stance he wrote that tn" act oil 1901 70 49,
oniy 9zItU nor one year. Crldt careless
bundcr has been carclessly followed since
Again. if that act Of 1880 was to pay .
debt by funding the same why should it. III
1871, have been repealed? In 1880 we chnr
} tered Oglethorpe college for the Prcsbyte
rians and in 1896 Mercer for the Baptists and
Emory for the Methodists. Since 1886 we
| had been spending much money to build
| the Western and Atlantic railroad We began
orr lunatic asylum, and that for the ohnd
and for the deaf and dumb. Perhaps these
things had to do with that repeal and the
money to The university. But tbs generally
accepted statement to the debts is as III
1S5l. Governor Lumpkin wrote thus; ''Finally
what was called the permanent endowment of
the university made by the act of ISL,
by which the state took into it's own keeping
the one htsldred thousand dollars of bank
| stock owned by the university, and secured
| to the university the payment of per cont
| per annum Oh one hundred thousand dollars,
etc. Observe that the principal is never to
Nv. int, five mt
| we have now finished the history of the
| endowment of the university by the state,
so far as direct action is concerned. Its
| whole substance has been given. though some
details may have been omitted. In such
! discussion 1t would be almost idle to
ton that In 1906 the legislature established q
lottery to get for the university library, (the
one burnt in 1890 as to tell Of the act of 1902
establishing lottery ito enable j. Rice to
sell his Watches" Lotteries took nothing out
Of the treasury and were not then such
great things as now. Nor were they then
considered wicked for in 1903 estab-
| lis1lcd one by law ito rebuild Christ church
! in Savannah"
For several years the suspended opera
ton of the university The constitution of
| 1867 declared that the general assembly
| 'shall provide for the early resumption of the
| Regular exercise of the University of Georgia,
! by the adequate endowment of the same"
Even the constitution made by the radical
| rcconstructionistS III 1865, while It forbade
| taxation for education. except of a general
character, while it tried to kill off all debts
created before June |, 1860, by taxing them
| % per cent unless the debtors cause of ac-
| ton be abandoned settled without legal
process or if in Judgment be settled without
| levy and sale yet held sacred. by constitu-
tional protection, "the endowment Of and debt
due to the State university" The same
language, ''the endowment Of and debt due
to the University Of Georgia." is repeated in
the constitution made by Georgias chosen
convention i'll 1877. And i'll that constitution
of 1877 is this further declaration on the
subject: In addition to the payment of the
annual interest on the debt due by the state
to the university, the general assembly may |
from time to time make such donations |
thereto rs the condition of the treasury will |
authorize"
Some try 70 get rid Of this as . debt in or |
der to weaken the force Of its obligation |
With that purpose they contend that that |
which begins in Il gift cannot rppn into n |
debt But that is not true. Suppose a son |
should receive from his father as a Gift 81 |
city lot and from his fathcr-in-law money with |
which to build his home. and then sell ONT all |
credit deposit the notes with his father