The Bon Homme County independent. [volume] (Tabor, S.D.) 1904-1913, 1905-07-06
FEW 1STRINGS" TO IT.
Income from John q. ResksfciIsr's
sio,ooo,ooo Educational Fund May
Help Them All.


Help Them All.
New York. July Additional par
ticulars regarding the prlncely Gift Of
sio.000.oo0 by John ID. Rockefeller TO
the cause OF higher education has been
given out by DIR. Wallace Butterick at
last evenings meeting OF the board.
The following letter to- the secretaries
and executive officers of the board.
from II. r. Gates. Mr.. Rockefeller's
representative. was given out:
No. 2s Broadway. New York. June
20. i905.-To Messrs. Wallace Butterick
and Starr J. Murphy. Secretaries and
Executive Officers. General Education
Board. New York-Dcar Slrs: l am
authorized by Mr.. John u. Rockefeller
TO say that he will contribute To the
general education board the sum OF
ten million dollars io.O0O.o00), To be
paid October l next. In cash. or. at his
option. I'm income producing securities
at their market value. the principle to
he held In perpetuity as a foundation
for education. the Income above ex-
pcnscs and administration TO be dis
tributed Ia. or used for the benefit OF
such institutions of learning. at such
times. I'm such amounts, for such pur-
poses and under such conditions, or
employed In such other ways as the
board may deem best adapted To pro-
mote n comprehensive system OF higher
education In the United States. Yours.
very truly. +. 7. Gates.
Statement Of Conditions.
With the letter the following state
ment WAS given out.
John u. Rockefeller. Jr. with other
gentlemen OF this city was instrument
nj In forming the general education
board In February. 1902. 4 very broad
and admirable charter Vas secured
from congress. and signed by President
Roosevelt on January ~. 1908.
A gift OF sl.0Oo.oOo from John y.
Rockefeller was Immediately passed
over 90 the board. especially dcsig-
dated for educational work IN the
south. Other funds haze been added
by other philanthropists since that
time. and the board has confined its
work hitherto mainly 10 educational
work In southern states.
The present gift differs from Mr..
Rockcfellcr's first rift to the board In
the following particulars:
The principal sum OF the gift OF
1000. 900 made on the organization %
the board could be distributed. The
present gift OF slO.0O0.O00 Is held ms an
endowment. the income only being
available for distribution.
The fret gift was designed 10 he used
exclusively In the southern states. The
present gift In for use not only In the
southern states. but throughout the
United states. without distinction OF
section. The first gift could b. used for
common schools and secondary educa-
Ion: the second gift IL confined TO high
IT education. and IL designed specially
'or colleges. ~ distinguished from the
great universities. although there IL no
prohibition I'm the letter OF gift wien
making contributions To universities.
Both gifts are alike available for de-
1ominational schools. AK well as for
hose which are nonsectarinn. While
he funds may be employed for denom-
national schools. they VIII be employed
without sectarian distinctions. IL may
Dc used for endowment. for debts for
apparatus. for any other purpose which
nay be found most serviccable.
Other Gifts Expected.
II IL known that Mr.. Rockefeller has
lad this gift IN contemplation ior
ong time and Mr.. Gates has been
studying the subject I'm his behalf for
many months. IL the fund proves TO
oe as useful as Is now anticipated. Mr..
Rockefeller VIII undoubtedly make
arge additions 10 II In future years.
The present members OF the board are
as follows:
Robert =. Ogden. chairman: Geo. G.
Foster Peabody. treasurer. Wallace
ButtcriCk. secretary and executive Of
\ lCer Tor the state south of the Potomac
ana Ohio rivers ana Arkansas. Louis
uub and Texas :. J. Murphy. secre-
.ary and cxerutiv" officer Of the states
" the north and west. Frederick r..
Gates. Daniel G. Gilman. Morris X.
, Icssup. Walter ". Page Albert shaw.
John -. Rockefeller, J. X, Hugh. Hugh
+ Hanna, william Il. Harper and r. Ben
,umm Andrews
There are four vacancies in the board.
which are expected 90 be filed later.