The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-04
PEABODY FUND PAYMENTS.
Trustees Arrange FOR Special Meeting "a
Decide on Big Gift 70 College.

Trustees Arrange Tor special Meeting 20
Decide on Big Gift TO College.
The trustees OF the Peabody fund held
their annual meeting yesterday afternoon
in the Fifth Avenue Hotel. AL the sixteen
members Of the board except President
Roosevelt. Hon. william A. Courtenay
Of South Carolina and Hon. George Pea
body Wetmore OF Rhode Island were
present. The question Of the future of
the trust funds. which IL was thought would
be finally settled at the meeting yester-
day. was under discussion during the
greater part of the session. but was not
decided. The chairman Of the board,
Chief Justice Fuller of the United States
Supreme Court, was empowered, however.
to call a special meeting OF the board be-
fore the "a 1t annual meeting for the settle
ment Of the matter.
The Peabody Education Fund was origi-
nally $500, 900, given by George Peabody
in 1857 for the purpose Of advancing edu-
cation in the South. The sum Of 81 $50 600
was unavailable because invested in bonds
OF the States Of Mississippi and Florida
which proved worthless. The balance
was given over to the care Of a board OF
trustees, who have since invested it so
bAAnb NCbPhNO a - 40 CApCuiAbulU CaNAA
year il amounts to almost 81, 800 900 at
the present time. Sums are annually dis
tributed among the educational institutions
of the Southern States, both white and
black.
DR.. Samuel A. Green. once Mayor Of
Boston, the secretary and general agent
OF the Board, reported on the distribution
of the income Of the fund for the year ending
September so, 1908. His figures showed that
So2, 900 was expended. n schools of Ala
bama received $40. 900; Georgia, $40 600;
South Carolina, 1900, and Virginia. IS, 500.
or the colored schools Tuskegee received
81 900; Hampton. $500, and the Texas
State School for Colored Teachers, 81 900.
The largest appropriation was to the Pea
body Normal School at Nashville, Tenn.
which amounted to $40 500. This ~institu-
ton was established and is partially sup
ported by the board.
1t is underst God that the question which
received most attention at yesterdays
meeting was the appropriation Of 81 200, 900
for the conversion Of the Peabody Normal
School into the George Peabody College
for Teachers. The chief reason for the
failure OF the board to act il was said, was
the failure of the institution to satisfy GER
tain local conditions upon which the gift
was to be made. Il was said that the appro-
priation would probably go through at the
special meeting OF the board and would
probably amount to more n a 81 900 900.
The discussion followed the report OF
a special committee, consisting OF DR..
Gilman, Morris X. Jesup and Judge Charles
+. Tanner, who we're appointed last year
to report on conditions Of Southern educa-
ton, particularly with reference to the
future employment Of thisf fund
The following officers and committees
were reelected: Chief Justice Fuller, chair
man; Joseph H. Choate, first vice-ohairman;
DR.. D. G. Gilman, second vice-chairman; j.
p. Morgan. treasurer. and DR.. Samuel A..
Green, secretary and general agent. The
only change in the executive committee was
the election Of Joseph H.. Choate in place OF
the Hon. W. A. Courtenay, resigned.
James d. Porter was reelected president
Of the Peabody Normal College. The next
regular meeting OF the board will be held in
New York in November, 1907.