St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1902-09-24
The Academy Endowment Fund

EDITOR CALIFORNIAN:
Will you kindly publish in your col,
umns this week this statement with rof
erence to the movement which has been
in progress for some time in connect;on
with the raising of an additional endow.
ment fund for the Academy?
Probably every reader of the CALrno.
MAN has read the little pamphlet. "WG
St. Johnsbury keep its Academy" nnb
lished by a committee OF the Trustees of
the Academy and sent out as an "onen
letter to all the people of St. Tohnsbu.p Wv -
several months ago. That open LETTER
gave so clear and convincing an eynos;,
ton Of the financial needs OF the Acaden,,,
that it is not necessary to repeat its con.
tents here. The following extract from
it, however, states just why the present
movement has been organized:
"We have cut down in some nlaco,
where we cannot continue the cut-down
it we are to keep up the name and stand,
ard we have always had. Instead of
decreasing as years 60 on, the expenses
will increase as they have in the nast
They must increase If we keep IN with
the times. That is why we are strpg.
Cling the best we know how to raiSa
another fund OF 100000. 1t we do raise
it, we must use every dollar of the income
in repairing and improving the plant
and in paying off the debt that has been
rolling up. We should not even then he
able to 60 on with our present rates o(
tuition. The new fund we must have if
we are to meet the demands OF the
future. The rise in tuition we must have
in order to live from day to day."
Some time ago a Finance COMMITTEE
of the Trustees was appointed to devise
methods for lai>ing his fund If 500.
900. AS has already been announced
SAL 500 OF this sum has been pledged by
present or past residents OF Caledonia
county, or those intimately associated
with the history and life of St. Johnsbury,
chiefly on condition that at least two.
thirds of the 500, 900 should be pledged
before December 81, 1902 and that Of
this sum $4,000 should be secured in
St. Johnsbury or its immediate vicinity.
In fact, from the very outset this condi-
tion has been insisted upon by former
members of the Academy not residing in
St. Johnsbury.
While it is true that the largest sub.
scriptions that may be expected from the
residents of St. Johnsbury are included
| in the Sal 500 already cOnditionaly
| pledged, it is equally true that the bal
ance (SS, 500) required to complete the
S50,000-the St. Johnsbury portion of
the endowment fuud-must necessarily
be made up OF small sums, though it is
confidently expected that many generous
amounts will enter into the list. 1t is
| the aggregate of small sums that has
made possible the founding and effective
working of most of the educational instl.
tutious IN this country, and an appeal is
now made for cooperation and aid from
all those who are willing to contribute
to the cause, according to their ability
assuring them that their subscriptions
will be received with sircere appreciation
of the goodwill and loyalty to the edu.
cational interests OF st. Iohnsbury that
shall prompt the giving,
We who now address this letter to
Your readers have been appointed by the
Alumni Association of the Academy a
| special Fund Committee, TO whom mas
been entrusted the duty of organizing a
canvass OF the town. The time is short
A vigorous campaign must be prose
cuted without delay, and we are conf.
dent that the response to those who
shall undertake to aid Us in soliciting
subscriptions to secure tie S., Johnsbury
portion OF the fund VIII be prompt,
hearty and generous.
Some OF the readers Of the CALEDoNlAN
may have mislajd the copies OF the open
letter already retired to, and may de.
sire to refresh their memory as to its
contents. If such is the case, additional
copies of the pamphlet may be secured at
the Ather1um, or at Bingham's and
GOrdon's drug-stores.
ST, JOHNsBuRY MEMBERS OF THE
FUND COMMITTEE.