Orange County observer., 1909-02-18
NORTH STATE HAPPENINGS
Occurrences 9 nerest Cleaned From All Sectious 9 the Buy
Tar Heel State
STUDENT LOAN FUND.

A. Practical Method Adopted by the
Management of the A. b M. Col
lege at Raleigh for the Assistance
, of Deserving Young Men in OBJ
tanning an Education.
By means of unique plan adopted
by the management Of the Agricul-
tural and Mechanical College at
Raleigh, a small fund Of about $4,000
dollars has in the past seven years
been the means of helping nearly a
hundred boys and young men Of this
State to obtain a practical education
in this institution.
For the information Of students
desiring to avail themselves Of such
aid and persons in position to assist
them in this way we quote the fol
lowing extracts from an appeal re-
Gently issued by q committee Of the
college alumni association for an in
crease in this fund:
"Among those who anxiously desire
TO receive training at the Agr,cul-
tural and Mechanical College are
large numbers of bright, ambiticus
ard capable boys who are not able to
pay their way in full through college
but who can save enough from their
work to pay part Of their expenses
These boys are therefore cut eff from
preparation for life by the lack Of
a few dollars. A limited number OF
boys do pay nearly all OF their ex
penses by work at the College. bu!
tie amount Of remuneratiye work
at any1institution is tco small to helF
a tithe of those who sadly need tt
fit themselves for proper farming
President Iill reports that he re
ccives scores and scores Of pitifu
letters for help from farm lads whose
hearts are set on receiving an agri
cultural education, but who canno
meet all Of their expenses. These boy'
lack only opportunity to become larg
contributors to the wealth and hap
piness Of our State.
"To help such boys, the Colleg
started few years ago a Loan Funt
which now amounts to $1,000. Small
as this sum is, it has already helpe,
eighty-eight boys through College
These boys could never have receive,
an education, but for this fund
which has been lent on an average 0
$43 per student
"The Loan Fund is managed in thi
way: Loans are made only to poo
boys of character. Each loan is Sc
| cured by properly endorsed note
! and bears 6 per cent. interest. A
soon as a note is paid, the origins
amount with the interest is returne
to the fund and at once goes to al
some other worthy student. It j
most gratifying to say that thes
notes are promptly paid, and that S
far not one cent Of this money ha
been lost.
! "Now as graduates Of the Colleg
| with full knowledge Of how valr
\ able its training was to us, we appe;
to the farmers Of our State to co,
tribute to this Loan Fund such sun
as they are able. The State can gi,
no money for this purpose. Fac
dollar will aid somebody's boy to g
the special education for which he
longing. Each dollar will grow ye,
by year from the interest and soc
be helping several boys instead
one. We feel sure that when o,
farmers and business men know ho
much good this small fund is doin
and when they realize how much mo
good a larger fund could do, th'
will gladly and generously add The
contributions whether these cont
buttons be large or small.
A. E. Escott, Walter Clark, J
and r. II. Merritt, all Of Raleigh,
c., constitute the committee
Alumni to whom remittances can
made.