30 PROCEEDINGS OF THE AMERICAN ACADEMY 



" Whereupon, it was ordered by the Court that the matter be referred to 

 one of the Masters in Chancery, to report a scheme for carrying into effect 

 the general charitable intent and purpose of the donor, conformably to the 

 prayer of the plaintiffs' Bill ; and now John B. Davis, Esquire, one of the 

 Masters in Chancery for the County of Suffolk, having reported a scheme in 

 pursuance of said order, which, being heard and considered by the Court, and 

 the same appearing reasonable and conformable to the general intent of the 

 donor, is accepted ; and it is therefore by the Court ordered, adjudged, and 

 decreed, for the reasons set forth in the Bill, that the complainants be, and 

 they are by the authority of this Court, empowered to make from the income 

 of said fund, as it now exists, at any annual meeting of the Academy, 

 (instead of biennially, as directed by the said Benjamin, Count Rumford,) 

 award of a gold and silver medal, being together of the intrinsic value of 

 three hundred dollars, as a premium to the author of any important discovery 

 or useful improvement on Light or on Heat, which shall have been made and 

 published by printing, or in any way made known to the public, in any part of 

 the continent of America, or any of the American islands, preference being 

 always given to such discoveries as shall, in the opinion of the Academy, tend 

 most to promote the good of mankind ; and to add to such medals as a further 

 reward and premium for such discovery or improvement, if the complainants 

 see fit so to do, a sum of money not exceeding three hundred dollars. 



" And it is further ordered, adjudged, and decreed, that the complainants 

 may appropriate from time to time, as the same can advantageously be done, 

 the residue of the income of said fund hereafter to be received, and not so 

 as aforesaid awarded in premiums, to the purchase of such books and papers 

 and philosophical apparatus, (to be the property of said Academy,) and in 

 making such publications, or procuring such lectures, experiments, or inves- 

 tigations, as shall in their opinion best facilitate and encourage the making of 

 discoveries and improvements, which may merit the premiums so as afore- 

 said to be by them awarded. And the books, papers, and apparatus so pur- 

 chased shall be used, and such lectures, experiments, and investigations be 

 delivered and made, either in the said Academy or elsewhere, as the com- 

 plainants shall think best adapted to promote such discoveries and improve- 

 ments as aforesaid ; and either by the Rumford Professor of Harvard Univer- 

 sity, or by any other person or persons, as to the complainants shall from 

 time to time seem best. 



" And it is further ordered, adjudged, and decreed, that the said fund, or 

 any part thereof, may be from time to time invested by the said complainants 

 either in notes, stocks, or debts of the United States, or of the Commonwealth 

 of Massachusetts, or of the City of Boston, or in stock of the Bank of the 

 United States, or of any bank in this Commonwealth, or in notes or bonds 

 secured by pledge of any of said stocks, or by mortgage of real estate in this 

 Commonwealth, or may be deposited in trust, and on interest, with the Mas- 

 sachusetts Hospital Life Insurance Company." 



