1880. J NATURAL SCIENCES OF PHILADELPHIA. 399 



this Slim regularly from March, 1860, until February, 1872, when 

 they ti'ansferred to the Academy — " the principals of the sums 

 named " — ten consolidated mortgage bonds of the Philadelphia 

 and Reading Railroad Company. Thus Mr. Jessup's children 

 generously fulfilled their promise and realized their father's inten- 

 tion. They have also consented that women may enjoy the 

 benefits of the student fund. 



The action and language of the Messrs. Jessup imply, without 

 any doubt whatever, that their intention was to give to the 

 Academy six hundred dollars per annum : one hundred and 

 twenty dollars applicable only to the Publication Fund, and four 

 hundred and eighty dollars to the support of students. And to 

 secure this sum to the Academy annually forever, they gave to it 

 in trust an investment, the par value of which is ten thousand 

 dollars, an amount equal, at the rate of six per cent per annum, 

 to "the principals of the sums named for the purpose of creating 

 a perpetual fund," designed to be the impersonal successor and 

 never-dying agent of the Messrs. Jessup for the payment of six 

 hundred dollars annually to the Academy. 



As trustee, the Academy is bound in honor, if not in law, to 

 adopt such proper measures as may be necessary from time to 

 time, to preserve entire not only the principal sum, but also 

 to prevent, if possible, the income from ever becoming less than 

 six hundred dollars, the specified sum it has been authorized and 

 directed to expend annually for the purposes named. Reduction 

 of this income must be detrimental to those who may properly ask 

 assistance from it, to the extent of any diminution it maj^ suffer. 

 It is designed to benefit students of the future as well as those of 

 the current time. The interests of those of the coming centuries 

 in it are entitled to present consideration and protection, if 

 needed. 



The instructions under which the Jessup Fund for students 

 was established, describe in general terms the requisite qualifica- 

 tions of those upon whom the Academ}^ may bestow its benefits. 



An eligible candidate for aid from the Jessup Fund, is required 

 by those instructions to possess the following qualifications : 



1, Evident " desire" to devote the whole of his time and ener- 

 gies to the study of the natural sciences. 



2. He must be so poor as to be dependent on his own labor for 

 a livelihood, and therefore, unless he can be otherwise supported, 



