Durant weekly news. (Durant, Choctaw Nation, Indian Territory [Okla.]) 190?-1944, 1922-07-14
ROTARY CLUB LAUNCHES
4 STUDENTS LOAN FUND
Any One Interested May Subscribe.
Object To Aid Worthy Students

The Rotary Club of Durant an
nounccd nj it's Tuesday meeting this
week the launching of what snall be
kuuwn thc Rotary StGdcEt Loan
Fund of Durant, With initial .'jh Grip
.ou among member, of the orEani-
2ation alone Of more than $1,000. The
fund will be made into a corporation
with share, of $1,000 each and will
men. all experienced credit men.
The plan briefly is this. We have
N our city Teachers College, which
stands among the foremost insti-
-utions of its kind in the United
States. A diplomas from the insti-
tuition is life teachers certificate,
recognized in about two thirds of the
States. A diploma from the insti-
ma. Consequently the institution is
charged with the training of our fu-
turc teachers, who in their turn will
have to do with the training of our
future boys and girls, the citizens
of the next generation. There are al
so number of excellent universities
to which young people from this To-
cality wish to go to complete their
schooling.
The fund, rs the name implies is
designed primarily to aid deserving
young men and women in finishing
their work at the Teachers College,
who otherwise might probably get
three-fourths of the way through and
then quit for economic reasons. How
ever, the promoters purpose to help
any deserving young person, who can
not help themselves to finish their
schooling above high school regard
less of where that individual might
wish to take his work.
We have in Durant just now hun
drcds of young men and women, striv-
ing to complete the courses and pro-
cure their diplomas or life certificates.
Large numbers of these young folks,
have no means, and no parents or
other relatives with means from
whom they may borrow to complete
their training, and scores of them
find employment in local homes to
nay for their keep, and do other work
at odd hours in order to get through.
Even then, as is frequently the case,
many of them, although able to pro-
vide food and shelter while in school
have no means Of providing for the
necessary cash expenses incurred in
school. In scores of such cases, the
loan of $50 or 500 or $3.50 will en-
able the student to pull over the hill
and graduate. whereas discourage
mcnt causes them to leave and forever
give up the goal with it fairly in
sight,
Individual cases, persons in this
city. with the interest of the young
folks at heart have made small ad-
to young people. In every such
vase reported, the young person earn
I'd his diploma. got a position as
teacher and repaid the loan with in
icrcst and everlasting gratitude.
Obviously such loans, while they
may he good and not loans that banks
can make. "a they mature at such
di tant dates usually as to not be Ii
luid or bankablc paper. A need was
seen for loan fund to accommodate
such deserving folks. and the plan has
been worked out by the Rotary club
10 form the fund.
The participants in the fund buy
rs many shares of the stock of the
fund as they wish at $1,000 per share
These subscriptions may be paid $10.-
no cash and $1,000 each month there
after or each sixty days thereafter.
until the full subscription is paid. No
of the Rotary club has been
asked in person to subscribe, the mat
ter being left purely to the members
desires. both as to the participation
Mt all and as to the amount subscrib-
I'd. Subscriptions voluntarily handed
in at the Tuesday meeting totalled
5000, and ranged from $50 to 500,
with six members absent
by the same token, the subscrip-
tons are open to the public and any
one interested in the work outlined
may subscribe for as many shares of
stock of the fund as desired on terms