The Vermont watchman. [volume] (Montpelier, Vt.) 1883-1911, 1909-11-25
$4,000 CHECK RECEIVED.
DIR. ID. h. PearsOns Sends With Money
to Montpelier Seminary a Force
full Letter-Few Hundreds Still to
Be Raised.

full Letter-Few Hundreds Still to
Be Raised.
Principal E. A. Bishop, of Mont
pelier Seminary, yesterday received
from d. X. Pearsons, the Chicago
philanthropist, check for $4,000 for
the Seminary endowment fund, which
was promised conditionally upon the
raising of an additional 100000. AS
the Seminary has not yet made
statement to Doctor Pearsons regard
ing the raising of it's portion of the
fund, the donor has departed from
his usual custom in sending the
check in advance of a report that the
conditional sum has been raised.
This $4,000 check Will be held
until Doctor Pearsons is satisfied that
the Seminary has performed its
part of the contract, and in case of
failure it will be returned. Of course
such a contingency is very unlikely.
AS a matter of fact, however, several
hundred dollars still remain to be
raised and probably it will be neces-
sary to draw on the guarantee fund
pledged by Montpelier citizens. Ger
tain shrinkages have made it neces-
sary for Doctor Bishop to secure ad
ditional money. 1t is hoped that the
amount will be raised before tonight,
when the report to Doctor Pearsons
must be made up
Enclosed with the check came the
following forceful letter from the
donor:
Doctor PearsOns' Letter.
Fifty Thousand Dollars, farewell!
You have been in my keeping for
many years and you have been a
| faithful servant. Your earnings have
helped to educate many young men
and women who have helped to make
the world better. You came to me
from the grand old White Pine For
ests of Michigan, and now you are
going into the hands of other stew
>ards in the State of Vermont. There
J you are to become part of Per-
petual Endowment Fund of One
Hundred and Fifty Thousand Dollars
for Montpelier Seminary, one hund-
red thousand of which sum has been
given by the people of Vermont.
When you arrive in Montpelier you
will go into the keeping of good bus
mess men, and you will be safe; as
expect that every dollar of this per-
petual endowment fund will be kept
intact and actively doing good for
five hundred years.
"Over one hundred years ago good
man gave fifty thousand dollars for
mission work The interest on this
fund has educated more than hund-
red good men for the mission field
and is still being used for training
men for the business of Frightening
the world and making it better.
"In Denmark there is an endow-
ment fund founded over nine hundred
years ago and not one cent has beer
fidelity in managing this endowment
; fund.
81 left Vermont in 1910. This gift
added to other gifts makes ninety
thousand dollars which | have beer
privileged to contribute to the bet
terment of the dear old State.
NOW fifty thousand dollars, fare
we'll! Go into the keeping of younger
men, and Gods blessing go with you
Do your duty, and give the poor boys
and girls of Vermont fair chance.
I'D. X. PEARSONS."
= This letter should inspire othe
I Vermonters to follow this worthy ex
t ample.
:, Doctor Pearsons requested Docto
D Bishop to thank the press for lit
splendid work" in behalf of the en-
!, dowment fund.