The citizen-Republican. (Scotland, Bon Homme County, S.D.) 1???-19??, 1905-07-06
FEW STRINGS TO II.
Income from John q. Rcckefsller's
$1o,oo0,ooo Educational Furd May
Hair Thar All

S~1o,ooo,ooo Educational Furd May
Help Them All.
New York. July Additional par
sticulars regarding the princely gift OF
S10,000,000 by John ID. Rockefeller to
the cause of higher education has been
given out by DR.. Wallace Butterick at
last evenings meeting of the board.
The following letter&to the secretaries
and executive officers of the board.
from F. I. Gates, Mr.. Rockefeiier's
representative, was given out:
No. 26 Broadway, New York., June
80, 1905.-To Messrs. Wallace Butterick
and Starr j. Murphy, Secretaries and
Board, New York-Dear Sirs: / am
authorized by Mr.. John D.. Rockefeller
to say thai he will contribute to the
general education board the sum OF
ten million dollars ($10,o0O, 000), to be
paid October 1 next, in cash, or, at his
option, in income producing securities
at their market value, h principle to
be held in perpetuity as a foundation
for education. the income above eX-
spenses and administration to be dis
tributed to, or used for the benef1t Of
such Institutions of learning, at such
times, in such amounts, for such pur-
poses and nde such conditions, or
employed in lei other ways as the
board may deem best adapted to pro-
mote a4comprehensive system of higher
education in the United States. Yours,
very truly. f. 7. Gates.
Statement of Conditions.
With the letter the following state
ment was given out:
John Z. Rockefeller, Jr., with other
gentlemen of this city was instrument
al in forming the general education
board in February, 1902. A very broad
and admirable charter Was secured
from congress, and signed by President
Roosevelt on January 10, 1903.
A gift of $1,000, 900 from John D.
Rockefeller was Immediately PASSED
over to the board, especially desig-.
south. Other funds have been added
by other philanthropists since that
time, n the board has confined its
work hitherto mainly to educational
work in southern states.
The present gift differs from Mr..
Rockefeller's first gift to the board in
the following particulars:
The principal sum Of the gift Of
100000 made on the organization Of
the board could be distributed. The
present gift of $40, 000, 900 is held as an
endowment, the income only being
available for distribution.
The first gift was designed to be used
exclusively in the southern states. The
present gift is for use not only in the
southern states, but throughout the
United States, without distinction Of
section. The first gift could be used for
common schools and secondary educa-
ton; the second gift is confined to high
CT education, and is designed specially
sor colleges. as distinguished from the
great universities, although there is no
prohibition in the letter of gift N.taen
making contributions to universities.
Both gifts are alike available for de-
lominational schools, as we'll as for
those which are nonsectarian. While
The funds may be employed for denom-
national schools, they will be employed
without s~ectarian distinctions. 1t may
apparatus, for any other purpose Which
may be found most serviceable.
Other Gifts Expected.
1t is known that Mr.. Rockefeller has
had this gift in contemplation for a
,ong time, and Mr.. Gates has been
studying the subject in his behalf for
many months. If the fund proves to
De as useful as is now anticipated, Mr..
Rockefeller will undoubtedly make
.arge additions to it in future years.
The present members of the board are
as follows:
Robert C. Ogden, chairman; Geo. c..
Foster Peabody, treasurer; Wallace
Butterick, secretary and executive Of
icer for the state south of the Potomac
and Ohio rivers and Arkansas, Louis
lana and Texas: S. J.. Murphy, secre-
.ary ana executive officer of the states
Of the north and west; Frederick II.
Gates, Daniel G. Gilman, Morris X.
Jessup, Walter H. Page, Albert Shaw,
John d. Rockefeller, J. r. Hugh, Hugh
Hanna, William r. Harper and E. Ben
iamin Andrews.
There are o vacancies in the board,
which are expected to be filled later.