Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1925-01-22

Ten per cent for the benefit of white and colored
orphans in the Carolinas.
Six per cent for assisting in building Methodist
Episcopal churches in the sparsely settled rural
districts Of North Carolina.
Four cent for assisting in maintaining Meth
odist Episcopal churches in the sparsely settled
rural districts in South Carolina.
Two FER cent for pensioning superannuated
preachers and widows and orphans of deceased
preachers who have served in North Carolina con-
Five per cent to Davidson college, Davidson, N.
C., Presbyterian institution.
Five per cent to Furman university Greenyille,
s.. c., a Baptist institution.
-Four per cent to Johnson G. Smith university.
Charlotte. formerly known Biddle university.
negro school.
ST recognize that education, when conducted
along sane and practical lines, as opposed to- dog
matte and theoretical lines, is, next to religion,
the greatest cvilizing influence" says Mr. Dukes
statement in giving his reasons for creating Duke
university. He asks that faculty assuring the
university ga place Of real leadership in the edu-
cational world" be secured and that courses be
arranged primarily for training preachers, teach
ers lawyers and physicians
Hospitals have been selected as another means
for distributing the income of the trust, because,
according to the statement they not only minister
to the comfort of the SICK but increase the eff
cheney of mankind and prolong human life.
Mr. Eastmans new gifts of $12,5OO,OOO follow
a recent announcement Of a gift of So, 100000 in
the Greater University of Rochester campaign.
Those to benefit under the latest gifts of Mr.. East
man are:
Massachusetts Institute of Technology, $450O,.
600, which is added to previous gift of $11000,-
600; University of Rochester, $6,00OO00; Hampton
institute $10O0,0O0, and Tuskegee institute, ST.
100000.
OF Mr.. Eastman's total of $586O2, 900, the sum
of S23 578 500 has been given to the University Of
Rochester.
Despite the fact that these new gifts mark the
disposal of the last large block of his personal
stockholdings in the Eastman Kodak company,
Mr.. Eastman makes 1t clear that he will continue
to direct the affairs Of the company and hopes to
as long as he lives
Gifts made and not announced before under
terms similar to those made to employees Stock
is sold to benefiting institutions for 900
less than it's actual value While provision is
made that it may be paid for in instaments dur
ing the life of Mr.. Eastman it is given without
any restriction regarding the time for sale. 1t
may be sold at if the beneficiaries desire to
part with it. Explaining the motives actuating
his gifts Mr. Eastman said:
One of the reasons why welcome this DISPOSE
ton of my kodak stock is that it separates
from money making for myself and will give
the benefit of a somewhat more detached position,
in respect to human affairs. look forward with
interest to finding out how much the changed n
dition will affect my slant on current affairs
The reason I selected limited number of insti-
buttons was because I wanted to certain
kinds Of education and felt that I could get re-
suits with the institutions named quicker and
directly than if the money spread. Under the
best conditions it takes considerable time some
times years, to develop the wise expenditure of
money in any l1ne no matter how well prepared
may be.
that would like to results from this money
within the natural term of my remaining years.
AS to my gifts to Hampton and Tuskegee: Al
most the entire attention has been de-
voted thus far to the white but we have more
States, of whom dense1y ignorant The
only hope of the negro race and the settlement OF