The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-01-13
.TO.ENLARGE POWERS
OF UNION SEMINARY
Movement to Double Its Endow-
lnent Fund Successfully
Launched.
HUNDRED YEARS OLD IN 1912
Richmond Churches Will Donate
$4,000 Structure at the
Centennial. Z
HUNDRED YEARS OLD IN 1912
Richmond Churches Will Donate

A movement to double the productive
endowment Of Union Theological Semi
nary was launched at mass-meeti ting
of Presbyterinns at the First Presby-
terIan Church last night. Richmond's
share in the proposed enlargement
being the erection of refectory build
ing at cost of $4,000.
This institution of theological learn
ing, founded the same year as Prince
ton. Will reach its one -hlndredtf
birthday in 1912. and it was proposed
in celebration Of this event to place
it on firm financial basis by increas-
ing its permanent endowment and in
creasing. it's equipment.
The claims of the institution We're
forcefully presented by Rev. Walter
w. Moore, D. D., president, who brief
" reviewed its history and growth.
The necessity of careful theological
preparation for ministers of the Pres
byterian Church, where the minister is
the teacher of the people, rather than
the priest OF the service. was brought
out. The events leading to the removal
of the seminary TO Richmond ten years
ago and the wonderful progress it
has made We're explained.
Has Mndc Good Progress.
DR.. Moore said that of the five the
ihSlitutlOIiS Vie i'oouNiCIh
Presbyterian Church, Union Seminary
was now educating more men than the
other four combined, while her work.
ing capital was less than one-third OF
the combined endowment. Notwith-
standing the decline in the number of
candidates for the ministry which has
been noticeable in all denominations in
recent years, Union Seminary has
maintained it's quota of students, and
-, ri r
the capacity of its buildings.
Mr.. John S. Munce. for ten years the
treasurer of the seminary, showed that
it had a productive endowment OF
about s350.000. There is about $4,000
in library funds and $4,000 in schol-
arship funds for the assistance of stu
dents, leaving less than 100000 OF
available endowment for the general
support of the institution.
| No fees are charged candidates for
the ministry. nor Is any charge made
for room rent, so that the seminary is
dependent on its endowment and on
annual contributions for the salaries
| Of its professors and all maintenance
expenses, resulting in the past fifteen
| years in an annual deficit Of more than
| $4,000. Under the proposed plan
/ 100000 will be raised in the next four
|, years.
Mr.. S. II. Halves introduced a reso-
/ luton providing that in view Of the
centennial Of the seminary, and since
HIT is a Richmond institution, and Rich
mond Presbyterians may reasonably
j be expected to take the lead in move.
lnent for its enlargement. the various
4 Presbyterian churches of the city anC
1 vicinity undertake the collection OF
/ $4,000 for the erection of suitable
4 refectory building.
i The resolution, which passed with ris
ing vote. directed the chairman, Rev. T. T
4 McFaden, D. D., to appoint committee
representing the various congregations, L
ca. operate with the field secretary in tn,
WORK;
4 Committees Appointed.
j Dr.. McFaden announced the appointment
FRS, chureh-Gaorge r. Cannon. J. \
n slron Asep ana 4 L. R E,awss John )
Munee. ''' a. .'' T.. cnbell, Miles Cary, II. W
) Grace STREET.. Scott Parrish ". $, $
Ehoaas, r. a. lancaster r, 1f e. lanes Ta,.a.
> Church Of the ovenant- ,I;oI , L Il
Christian n Magl!l and Georgs ;. Rem n!
TAYLOR Edwin Peasants and =. j. Webster
Ginter Park--D. X. 1Ielloss; ST. u r.. Curry
. Cwslcy Sanders and z. J: NOBLE; pu;,
! westminster-A, r. I1olderby and j.
!. I4etky.
. Hose ACKNOWLEDGEMENTS Lorraine and 4
e G. Bruce.
Bon Air--polk Miller and Or. Charlie
ovcrbrook-w. G. Cosby and Harry Gard
! ner;
i M A w. H..