The weekly herald. [volume] (Amarillo, Tex.) 1906-19??, 1907-10-24
MAKES
STATEMENT
November 18Th is Date Sci
for Fixing Location Of
Presbyterian College

'"NNAA - w. - F''s'a'faA
Presbyterian college, Rev. NJ, II,
Franks, OF Canadian, chairman of
the board OF trustees, oua mes the
requirements Of presby;ery and
makes definite statement Of the sup
port and endowment which the new
school Is to get,
While the extension OF time has
caused an apparent lull IN the move
here toward securing the college,
plans for the work are going on and
the committees will prosecute the
campaign for the proposition with
greater vigor and thor9ughness than
would have been possible In the short
time which the city had after the
proposition was taken up under the
former time limit, The time set
now, November Is, gives = little
over three weeks to WORK on the
proposition. Rev. Franks In his cir
cuar of information makes the fol-
lowing statement OF the situation:
Bounds Of Presbytery.
Amarillo presbytery belongs to the
American Presbyterian church with
which the Cumberland Presbyterian
church has lately united. The united
church has one and one half million
members and ten THOUSAND ministers.
The presbytery embraces the coun-
ties of Archer Wichita, Baylor
Knox, King. Dickens, Crosby, Lub-
book and Cochran together with all
that part OF Texas which lies west
and north OF these; forty-five coun-
ties in all. This Is an area greater
than the state OF Ohio. There Is no
Presbyterian school now in the Pan
handle,
Personnel of the Board.
The board OF trustees consists Of
the following persons. Rev. l.. c..
Kirkes, Of Amarillo, moderator of
the synod Of Texas, president; Dis
trict Judge A. H. Carrigah, of WI
chita Falls, vice president; D. J..
Young, cashier OF the First National
bank, Canadian, treasurer; Rev. NJ,
II. Franks, Canadian, secretary; DR.,
NJ. w. Cunningham, Amarillo; Rev.
w. c. Baber. pastor at large, Qua
nah; R, A. Morgan, banker, Chill
liCothe.
Change OF Plan.
Since none Of the towns. which
submitted propositions heretofore full
filled all the boards requirements
the time has been extended until
Nov. Is, 1907, Up to this time the
towns that have heretofore asked for
the school will have an opportunity
to amend their propositions so as to
conform to the conditions named he
low. And other towns may submit
new propositions IL they see fit,
$500 Endowment at Least.
The board has decided to raise an
endowment of at least $4,000 be-
fore opening the school. (The money
is in the bank with which to pay
salary and expenses OF a man to Sc
cure this endowment)
Conditional Offer Desired.
The kind of proposition we now
desire is one in which the town will
agree to donate plot OF ground for
campus and give a cash bonus on
condition that the board succeeds in
raising the endowment, Other things
being equal the town that makes the
best proposition along this line will
be chosen as the location of the
school
We believe that we are now work
ing along lines that will appeal to the
best business sense Of the Panhandle
people and Of the friends Of education
everywhere. We ask you to put up
bonus on condition that we obtain
sufficient endowment funds to enable
the school to be success from the
start and to guarantee that 1t will be
increasingly successful as the years
come and go. ~, 'N
What Is an Endowment?
An endowment is a permanent
fund whose principal can never be
spent nor decreased. b, 1t can not
even be used to build nor make
other improvements In the plant THE
principal IS to be loaned or otherwise
invested and the interest only Is
available for use in operating ex-
panses from year to year.
This school will start with On en-
dowment of $4,000 thus having an
assured annual income OF $4,000 b.
sides its buttons. us success, Is
thereby assured; and since It belongs
to the American Presbyterian CHURCH
whose board of aid for eoIieges gave
$707.O0o last year to help its col
leges and academies in the newer
portions Of our country, # is as%red
of large gifts IN the future. ~
You Get II all Back. -.
49,. H., a.. .no naahan dio ouoht