The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1909-01-07
The McIver Loan Fund.
Meeting of the Vance County
Alumnae of State Normal
and industrial College is
Called in Henderson on Sat
urday. January Sixteenth.
Contributed.

Contributed.
Students of the State Normal and In
| dustrial College throughout North Caro-
lima have been interested for the past
two years in raising IA memorial to DR..
Charles d. McIver in the form OF loan
| fund.
so far Vance county has taken no part
in this movement but in order that the
Normal students throughout the county.
who are anxious to have a part in the
! work may be given the opportunity of
doing so, n meeting has been arranged
for Saturday morning, January the
sixteenth at eleven O'Clock in the Audi
forum of the Graded School building
At this time Miss Eta Spier, field secre-
, tary OF the Alumnae Association, will
meet with those interested in the cause
and plans will be made for Vance
county share in the work.
Every one who knew DR.. Charles ID.
McIver realized that the ruling passion
of his life was the education of the
women Of the State. The alumnae of
the Normal College feel that they can
honor tue memory OF their late beloved
president in no more fitting way than
by the establishment of loan fund.
Such a fund will make it possible for the
-
monument. to reach forth it's helping
hand to the ambitious girl.
The fund will be known as 1.-The
M:Iver Loan Fund in honor of the
man who not only endeared himself to
every student and friend OF the Normal,
but did such lasting work for the cause
OF education in general. About ten
Thousand OF the fifty thousand dol
lars desired has already been pledged.
The legal ownership OF the fund will be
in the Alumnae Association, which will
he Incorporated. The funds will be
handled BIZ it's representative and aud
tied by its committee. When not in
| active use the money will probably be
deposited in a secure savings bank at
four per cent. interest.
The plan is to keep the fund intact for
all time. and to make no disbursements
from it in the form of gifts The end in
view is to loan, not give, assistance to
worthy young women who could not
otherwise obtain the money with which
| to pay their expenses at the college,
with the understanding that such loan
| is q strictly business arrangement and
| must be repaid as soon as the borrower
| is able to do so. with interest, beginning
with the September following her grad
| uation. written application for a
| loan will he made and note given in
legal form. AS fast as partial payments
| are received upon these loans they will
| be put back into the fund to be used
over and over again in a similar man
| ner.
| The plan OF organization requires that
strict and separate account be kept of
| the money derived from each county
| and loaned to young women from the
county by which it was given. This is
| an equitable way and furnishes addi-
| tional inducement for each county to be
| liberal
| Several years ago the General Educa-
| ton Board offered to give seven thous-
and five hundred dollars toward a fund
to be known as "The Aumnae Fund and
Scholarship Fund provided the college
alumnae would raise a similar sum for
the same purpose This was quickly
and willingly done and since 1902 this
| fund has been in active service Since it's
| establishment this fund has aided 121
| students; in 1905, nine out of class of
| Twenty-Five; in 1906. seven out of a class
Of twenty one; in 1907 thirteen out OF a
class OF forty-s in 1908, seventeen out
| of class of forty-eight. All of these
would have been unable to graduate
! without ala rom some source, and
while some of them could possibly have
secured aid elsewhere, many of them
could not have done so. One hundred
| and twentyone young women have been
| loaned money from this fund upon their
| unsecured notes; not one single note has
| ever been lost.
The Mclver Loan Fund is to be kept
entirely separate from this first fund;
however, it's splendid history OF service
| during the past few years should be
sufficient incentive for the proposed
memorial
Every Normal girl in Vance county is
urged to be present at this meeting for
organization and to bring any friend
who is or may be interested in the work