Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-08-16
sHculp INTEREST OLD PEOPLE.


SHOULD INTEREST OLD PEOPLE.
At n recent meeting of tie trustees
of Grinnell College. it was voted to
| undertake the raising of s25,,o0o addi-
tional endowment before July, 1906.
| The drop in interest rates during the
| last two years, the growth in attend
ance at the college and constant de-
mands of the age for more comprehen-
sive instruction, has made greater in
come from endowments urgently nee
essary. In this the college at Grinnell
! is not peculiar, but one of the methods
to be used in it's financial campaign
/ is worthy of attention because of its
originality. In the college prospectus
1t is called the annuity plan, and the
argument Is presented with a shrewd-
ness that would do credit to the most
brilliant piece of life insurance litera-
ture ever written, and this is not said
sneeringly, for there is no business of
any kind in which more talent is CEN
tered upon its canvassing literature
than in the life insurance business.
The annuity plan at Grinaeil briefly,
is this: Aged people are asked to avoid
all risk of possible loss In their in
vestments by turning their money over
to the college in trust and accepting
bond from the college III which the
college agrees to pay the owner per
cent per annum annuity during his
lifetime. and to continue paying said
annuity to the owners Immediate heirs
during their lifetime, after which the
original sum becomes the property Of
the college. Under this plan man
can provide for sure income for him
self during declining years without the
care and worry of attending to property
interests, and can assure &; wife or
daughter an income during their life
with no possible danger of their losing
the principal thru unfortunate invest
ment, and at the same time he can leave
an endowment for Christian education
that will endure thru all time.
The advantages of the plan as Sc
forth by the college prospectus are
that the security is the best, the in
come regular and guaranteed. the
same as n government ension. and that
aged people and women are relieved of
the care, anxiety and possible loss in
the management OF property.
"A college like Iowa College" says
the circular, furnishes the best secur-
ity because it Is a more permanent in
stitution than a bank. railroad. or a
building 1t is more permanent than
social institutions, or political institu-
tons. During the 1000 years of his
tory, oxford University has seen Eng
land emerge from heathenism to Cath
olic Christianity, and then change TO
Professionalism. 1t has seen the country
transformed from feudal system, thru
all the possible changes Of industrial
life. down to the present, when Eng
land is a manufacturing community.
Oxford has been permanent under the
Plantagenets the Stuarts, Oliver Crom-
well. and the House of Hanover, while
England changed steadily from an
autocracy to a democracy. The foun-
dations OF money and land given OK
ford in the days of William the Nor
man are supporting education there
today"
In our country Harvard. Princeton.
Yale. William and Mary Oberlin, show
that though society, it's habits. it's re-
ligion, its politics, may be revolution
lied. money invested in a college re-
mains to do its work. Money given
Iowa College In trust for any purpose
will be used for that t'.ust, long after
our grandchildren have become dust.
The plan IL unique. thoroughly BUSH
nesslike and should be attractive A
legacy OF $4,000 given to Iowa College
would give q man bond guaranteeing
him yearly income Of 81 900 SO long as
he lived and his business cares would
be ended for all the rest OF his days.
After his death his widow or daughter
would get the same income until their
death, when the money would go to the
college. Banks might fail. buildings
burn and farm lands depreciate, but
his income would be guaranteed by an
institution which lasts forever.