The Barre daily times. (Barre, Vt.) 1897-1959, 1909-10-02
FUND SECURE
FOR SCHOOL
Montpelier Seminary IS Fin
ally Successful
SAVES THE PEARSON GIFT
Montpelier Citizens Last Night, Just Be-
fore Time Expired, Pledged Them
selves to Make up the
Balance.

Through the pledges Of several Mont
pelier citizens, made last night about an
hour before Dr. D. X. Pearson's eopdi-
tional promise Of $4,000 would have ex-
pired, Montpelier seminary completed
the subscription Of 100000 which DR..
Pearson required before the close Of 0cto-
Der !, and thus the school Is assured Of
an endowment fund
When the Montpelier board Of trade
assembled last night to see what could
be done about raising the balance Of the
fund required, ther was $500 lacking
Secretary Fred u. Gleason, in calling up
the matter, stated that the beard Of
trade as body was helpless to meet the
demand for money, but the board was
willing To do all within its power. He
then introduced Principal Bishop, who
explained the Pearson gift He told 81
the requirement that the seminary had
70 raise 100000 In addition to paying
off debt Of s5S,Jfl1
Principal Bishop said: The seminary
stands tonight just $1,000 short Of the
amount needed TO claim the $4,000 Of
DR. Pearson. All during the day money
has=k ksen coming by telegram and letter,
from people who realized the necessity
Of this school in this state Of ours.
Montpelier has subscribed in all S2S,-
$3.50 and this includes the gifts Of
persons who are not now residents oi the
city, bat who formerly were The neigh
boring city Of Barre has subscribed si6.
0l5 since the fund has been started,
while $4,000 was given BY lssidegt Of
Barre few days before the canvass was
begun. The greater part of this money
does not, as Is generally supposed, come
from former students ef the seminary
but from elderly people generally con.
nected with the church. The largest
subscription which ! have received in
Montpelier was for 81 800
He then told how some Of the public
men of Vermont were interested II the
proposition He had talked with Allen
II. Fletcher of CaYendish that afternoon.
and although Mr. Fletcher had already
given sla00 lie WAS willing To ADD to
1t provided the balance easald moi be
raised before the Pearson promise ran
ont ExtaY Fletcher b. Proctor was
waiting, be said 70 hear what success
the fund Wuald have al the hands ps the
people of Montpelier having already
subscribed s8.500 and standing ready to
put In more
Fred A4 Howland then suggested that
twenty five men. Or as many Al would.
sign their names 10 a paper, promising
tn look after the fund after all The e8n-
tFihHfions had been reeeiYed and con-
trhuting ali that would be necesa sary To-
It'll the requirement each man to be hold
en for similar amount
Another proposition WIS advanced that
the seminary dispose of some 81 its
western land aud also some in Mont
pelier Df. Bishop said TINT solution
bad been considered at the June meeting
of tbs trustees and II was decided "a sell
it on condition that the relatives of the
donor were agreed Co Tie plan. TIE
daughter Of the donor did not fall ii
with tie idea, Al she said that the land
was al mHeh of An endowment as nr.
Pearson gift. Her family had been gen
erous contributors To the seminary, ana
H was thought best to abide by her
wishes.
Montpelier seminary also owns some
land in Montpelier ontside Of the school,
but THE proposition % sell this was not
considered Pr the meeting very long
Then Mr. HoWland's plan of voluntary
contributions was adopted and Judge f.
M Harvey drew up d document, tu
which sixteen names were signed last
nighi binding tile signers ta make np
tile balance Of the fund required The
paper will be passed around Montpelier
f0f other signers
The balance required OF the signers
was further cut down when Principal
Bishop received telegram from an ont
of town party pledsing $500