Daily press. [volume] (Newport News, Va.) 1896-current, 1908-10-08
FINAL DISTRIBUTION
OF FUND IS DELAYED
Provisions Of Peabody Southern
Educational Dsqassl not ust
By State Of Tennessee.
FURTHER AcIoI II FEBRUARY
Al . Previous Meeting Decision Was
Reached to Distribute Remaining
Amount This Year-Revcrse Action
Causes supplementary Notable
Men In Attendance Upon Meeting.
tBy Associated Press)

tBy Associated Press)
NEW YORK, Oct. 7.-Surprise
was occasioned today when the trus-
tees Of the Peabody Education fund
met In this city and decided not to
make a final distribution Of the fund
of s2.500,000 left by George Peabody,
OF Massachusetts In 1867 for educat-
ing the children Of the Southern
statcC. In establishing the fund the
donor provided that the income OF
the s2,5O0,O00 was to be used each
year for educational purposes ana
that at the end Of thirty years the
trustees could distribute the money
among such educational institutions
as they should select.
Reverses Former Action.
At a previous meeting Of the trus.
tees. among whom. Is President
Roosevelt, it was practically decided
to make the distribution. In 1876
the trustees. believing that the
Southern states were providing prop
er common school education for chill
dren OF that section. established the
Peabody Normal College for teach
ers In Nashville, Tenn. In the distri-
button Of the fund It was intended
to give 100000 outright to this
! college. and to apportion the balance
Of the fund among such other edu-
cational institutions as the trustees
should name.
The reason given for not making
the distribution today, it was stated.
was that the Peabody Normal Col
lese for teachers has not complied
with conditions stipulated by the
trustees WHEN the college was found
ed. The agreement was that to en-
title the Peabody College to $1,000
900 when the distribution was made.
appropriations aggregating $4,000
must first be made for the benefit
OF the college by the city o! Nash
vile. Davidson county and the state
of Tennessee.
Report Of Investigator.
| Joseph H. Choa:e and Richard o.
ney, Of the board Of trustees, were
appointed a committee to investigate
whether this condition has been lived
up to, ami their report today showed
that the city Of Nashville and Dav-
idson county have made appropria-
tons amounting to 500. 600. but that
the state has not yet made any ap.
preparations. The committee was
given to understand. however. that
the legislature Of the state which
will meet next January will probably
make the appropriation.
Therefore the trustees decided not
to distribute the fund until some
time after next January. II the state
Of Tennessee makes the necessary
appropriation the trustees may call
meeting in February in Washington
and thsn make the distribution.
Many pomiaent Meh Present.
! Chief Justice Melville W. Fuller. OF
the United States Supreme Court,
president Of the board OF trustees.
presided at the meeting today. 9th
er trustees present we're: J. Pier
pont Morgan. Of New York: DR.. Sam
uI A. Green. former mayor Of Bos-
ton. Mass; James d. Porter. Of Ten
nessee: Judge Henderson Moveral.
OF Alabama and New York: Joseph
II. Choate Of New York; Charles z
Fenno. Of Louisiana: Bishop William
jC. Dcane. OF Albany. y. T.. and Bish-
| CD william Lawrsncc. OF Massa-
chusetts. Justice Fuller vas reflect
president; OF the board: Mr.. Choate
vas chosen ar.t vice pressd Mt: Dan
lei G. Gilman. OF Maryland. second
vice president: J. Pierpont Morgan
treasurer and Dr.. Green secretary.
GrecnvilIe winthrop OF New York.
was elected trustee 10 succeed the
late Norris X. Jessup. No successor
was appointed 10 Gil the vacancy
caused by the death OF william A.
Courtney. Of South Carolina.
The oihsr trustees are George Pea
body wetmore Of Rhode Island;
Richard oiney. Of Massachusetts:
Daniel c. Gilman, OF Maryland.
| Pre- sident Theodore Roosevelt; and