The French Broad hustler. [volume] (Hendersonville, N.C.) 1896-1912, 1909-02-18
LOAN FUND.

a Pr2Cb1cd1 m6GuOu AuOQk6u Dy Gu6
Management of the A. & M. Col
Iege at Raleigh for the Assistance
of Deserving Young Men in OBJ
tanning an Education.
By means of a 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 v 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 fob
lowing extracts from an appeal re-
Gently issued by a committee of the
college alumni association for an in
grease in this fund:
"Among those who anxiously desire
TO receive training at the Agricul-
turaI and Mechanical College are
large numbers of bright, ambitious
and 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 off 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, but
the amount of remunerative work
at any institution is too small to help
a 1.-THE of those who sadly need to
fit themselves for proper farming.
President Hill reports that he re-
ceiveS scores and scores of pitiful
letters for help from farm lads whose
hearts are set on receiving an agri-
cultural education, but who cannot
meet all of their expenses. These boys
lack only opportunity to become large
contributors to the wealth and hap.
piness of our State.
"To help such boys, the College
started a few years ago a Loan FunC
which now amounts to $4,000. Small
as this sum is, it has already helped
lightweight boys through College
These boys could never have received
an education, but for this fund,
which has been lent on an average o
$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 a properly endorsed note
and bears 6 per cent. interest. A
soon as a note is paid, the origina
amount with the interest is returne'
to the fund and at once goes to ali
some other worthy student. It /
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 College
with a full knowledge of how valu
able its training was to us, we appea
to the farmers of our State to cor
tribute to this Loan Fund such sum
as they are able. The State can Civ
no money for this purpose. Fac
dollar will aid somebody's boy to sc
the special education for which he
longing. Each dollar will grow yea
by year from the interest and 500
be helping several boys instead c
one. We feel sure that when OF
farmers and business men know no
much good this small fund is DOM
and when they realize how much MOI
good a larger fund could do, the
will gladly and generously add the
contributions whether these contr
buttons be large or small.
A. E. Escott, Walter Clark, j.
and r. n. Merritt, all of Raleigh, ]
c., constitute the committee
Alumni to whom r~emittances can
made.