The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-01-26
GIFT TO FALRMOONT
Chicago PhilantrOphiSt Heads
a Fund With $4,000.
TRUSTEES TO Do THE REST
Endowment Of 100000 De-
cided Upon With Enthusiasm

Fairmount college, one of Wichita
great educational institutions. is TO have
an endowment fund of $4,000. The
movement was started at the special
meeting Of the board of trustees held yes
terday and the day before at the col
lege, and derives its inception from the
gracious act of D. K Peaksons, the Chi
cago millionaire philanthrdpisI, who has
offered to head the endowment fund with
a gift of $50OO, provided an additional
raising this amount was the object of the
meetings here, probably more interesting
meetings than any other that have ever
been held in behalf of the college There
j.. were present at these meetings Rev. c.
H. Beale, D. D., of Oh scago, and Rev. w.
r. Campbell Of Boston. who represent the
Educational Society of the Congregational
church in the United Sbabss, who came to
see Wichita and the college, but more
especially to judge of the interest the
people here manifest towards the col
lege. These gentlemen have already ex-
pressed themselves as being thoroughly
satisfied with all conditions here and will
take up the work of ting the college
to raise the s15O0O0. The following trus-
tees were present at the injecting: Presi-
dent Morrison, ]. NJ Knapp, Wichita; r.
L. Holmes, Wichita; Newell c. Knight,
Chicago; George H. Hunter, wellington;
Charles G. Cohn, Wichita; Rev. Henry
Thayer, Wichita; George F. Lewis, Wich-
tia; Hugh S. Hall, Sedg7Hiok City; A. c.
Jobes, Wichita; c. f. Potts, Wichita.
Other members Of the board who could
not be present at the meetings endorse
the endowment plan most enthusiastic-
ally.
As a first step towards securing the en-
dowment fund the trustees agreed to
raise $50, 900 or more in Wichita and sur
rounding country and the work along this
line will be commenced at once and car
riod out Systematically and with great
energy. President Morrison, it is said,
will go east again this year to raise the
balance of the fund. He is said to be
one of the most successful men along
this line who has ever been connected
with school work. It was through his
personal efforts that Mr.. Pearsons agreed
to give such a considerable portion of his
fortune to Fairmount college. and Presi-
dent Morrison knows whore to find others
about like him. so that at may be safely
predicted that all Of the 100000 will be
ready sto transmit to the college authori-
ties by the first of next year, if not
snonz-.
Newell c. Knight of Chicago, one of the
trustee is very enthusiastic over the en-
GowGelt plan and will lend his aid and
influences with the others. lie formerly
reside here and has a very warm feel
ing for Wclita and the college. He is
the ssrioY member of the firm of Knight
DcnneI-ey & Co, bond and stock brokers,
wh-s is doing a large and profitable
business in the Lake City. He was seen
al the Carey hotel last night by a re-
porter for the Eagle and gave out for
publication the full particulars of Fair
mounts good fortune and the action of
the beard of trustees. He said:
''All credit is c. President Morrison
for securing this 4 adsome gift from Mr.
Pearsons, and it is pretty certain that
the conditions of the gift viii be fully
met GEESluellL AOEElSOn Is du GNtHuSl-
astic worker and a most resourceful man.
The trustees have also spoken nobly for
Wichita and Kansas in following Mr..
Pearson's donation with the $4,000 which
they have agreed to raise. l know of no
greater boon for Paramount college than
this endowment fund. Such a fund will
make the college absolutely independent
and enable it to increase its facilities and
do great things for education. The $500
0O) additional currency coming to Wich-
tia will help your city too
One who was present at yesterdays
meeting said enthusiastically: The name
of D. X Pearsons ought TO be engraved
on tablets of crystal and onyx and set
above a beautiful new arched entrance
when the big fund shall have been COM
pleted. The work he is doing for educa-
ton and morals with his immense wealth
will live after he has passed away and
be a blessing to the world"
Mr.. Pearsons has given S2.5Ho.000 to col
leges and is still giving. He is noted for
his philanthropy and peculiarly practical
Christianity.