The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-05-07
A COMMENDABLE ENTERPRISE,
UNIQUE WAY TO PROCURE An
EDUCATION.
of the National Educational
Society of Houston.

A reporter for The Post, having heard
considerable talk concerning the National
Educational society. already referred to in
The Post, looked up the president, Mr..
William y. Cleveland. and asked for some
information relative to the progress being
made and the objects and aims OF this
unique institution. In answer to his In
quiry Mr. Cleveland said:
''The underlying principle Of our society
was first conceived in February 1898. since
which time we have been working to per-
feet it and put it in shape to present to
the public. We have spared neither pains
nor expense in reducing our plans to a
working basis. and for that purpose have
employed the best and most expert talent
In the United States, Mr.. A. j. Flitcraft. of
Oak Park ILL.,, who not only compiled
our rates and bond forms but gave the
business his personal attention for nearly
a year, ana on several occasions expressen
hlmself most enthusiastically in regard TO
the feasibility am. successful future of the
enterprise. You are no doubt aware al
ready that the object of our society is to
provide for the higher education of our
Verslties OF the country, and to enable
many who otherwise, from lack OF means
would be deprived OF these advantages, to
ENJOY them equally with their more for
tunate neighbors. To accomplish this oh
1ec; our society issues what we call
scholarship endowment bonds OF from $500
up. 10 be paid for on the installment plan
in the shape OF annual. semi annual quar-
terly or monthly premiums. the amount OF
these premiums being governed entirely
by the number of years that are to elapse
before the child is ready 10 enter college
Upon taking the total amount OF premiums
paid on any bond issued by the society. Il
Will be found that there are but few safe
investments yielding equal returns The
peculiar advantage of our system lies In
the tact that parent Is enabled by our
plan TO gradually accumulate the necessary
! FUNDS 10 educate his children whereas
more often than not he would find II he
waited untl the time came 10 send his
children to college, that he could not sparo
the large amount OF money necessary for
their higher education. Our rates run
from Ito Is years, so that our bonds are
not only available for parents TO educate
their children, but may also he taken ad-
vantage OF 10y ambitious young men and
women who are making their own wav in
the world, and have a desire for greater
education and culture than their limited
opportunities have enabled them to enjoy
before"
How do the prominent educators Of the
country look upon your enterprise. Mr..
Cleveland Are they favorably inclined
toward it, asked the reporter.
i am glad you have mentioned that
point' was the reply Ut Is from this
class Of men that we received our first on
couraeorert, and Judging from tho letters
we have received from all parts If the
United States, mary Of which we have per.
mission to use In any way we desire we
feel that We can RELY upon the heart.
co-oreraiton Of educators generally
Many Of our advisers thought Il bsst
70 start our enterprise in some Northern
CITY but knowing that we were engaged
N q worthy enterprise and having conf
dencs that the people OF the South would
ne quick 10 recognize its merits and give
y The support il deserved we held 10 our
dissemination TO launch It where It hrst
originated and was perfected We have
no doubt the event viii demonstrate tho
correctness OF our Judgment in this re-
spees Just at present we ere deyoting on,
energies 10 getting out agents in Yexas,
put shal soon take up the work in other
states, and cover the whole country az
rapidly as possible"