114 



ticut; Henry Wheatland, of Salem ; Abner C. Goodell, jr., of Sa- 

 lem; James R. Nichols, of Haverhill; and Henry C. Perkins, of 

 Newburyport, the sum of One Hundred and Forty Thousand Dollars, 

 to be by them and their successors held in trust, for the promotion, 

 among the inhabitants of my native County of Essex, of the Study and 

 Knowledge of the Natural and Physical Sciences, and of their applica- 

 tion to the Useful Arts. 



And I empower my said Trustees' to make all such arrangements 

 and agreements with the Corporation now established in the City of 

 Salem under the name and title of the Essex Institute, as may be nec- 

 essary or expedient for carrying into effect the provisions of this in- 

 strument. 



I direct that the sum of Forty Thousand Dollars, of the amount I 

 have above given, shall be applied to the purchase of land in the City 

 of Salem, the purchase of the East India Marine Hall, and the erec- 

 tion, fitting up, and furnishing of such buildings thereon as shall be 

 necessary for the purposes of this Trust. 



I further direct that the I'emaiuing sum of One Hundred Thousand 

 Dollars be forever kept invested by my said Trustees and their succes- 

 sors as a permanent Fund, and only the income thereof be used for the 

 purposes of this Trust. 



In case the before-mentioned sum of Forty Thousand Dollars shall 

 be found insufficient, this income may be applied to the purpose of 

 erecting such buildings as have been mentioned, the furnishing and 

 arrangement of museums and collections, or such similar purposes as 

 in the judgment of the Trustees shall be necessary to place the Insti- 

 tution on a proper basis for the benefit and instruction of the public ; 

 and it is my desire that the work of arranging a Museum and Collec- 

 tions be entered upon at an early daj^ and proceeded with as rapidly 

 as can be done conveniently and advantageously. 



After this shall have been done, the income shall be applied in the 

 foUoAviug proportions : — Seven-twelfths thereof to the department of 

 the Physical Sciences and Practical Technology, and Five-twelfths 

 thereof to the department of the Natural Sciences ; but the Trustees, 

 if after sufficient experience they shall find it desirable, may change 

 these proportions, and, if at any time hereafter they shall be unani- 

 mously agreed upon the expediency of so doing, they may change the 

 application and direction of the whole of said income as they may 

 deem most conducive to the interest of Science and Leai'ning in the 

 County of Essex. 



All vacancies in the Board of Trustees above constituted, by death, 

 resignation, or otherwise, shall be filled, as soon as conveniently may 

 be, by vote of the remaining Trustees. 



