Miscellaneous Intelligence. 415 
successors held in trust, and the income thereof used and applied in your 
discretion for the promotion and encouragement of the intellectual, moral, 
or industrial education among the young of the more destitute portions 
of the Southern and Southwestern States of our Union; my purpose 
being that the benefits intended shall be distributed among the entire 
population, without gil distinction than their needs and the opportuni- 
ties of usefulness to 
Besides the income oa derived, I give to you permission to use from 
the principal sum, within the next two years, an amount not exceeding 
forty per cent. 
In addition to this gift I place in your hands bonds of ” State of 
te issued to the Planter’s Bank, and commonly known as Plant- 
nds, amounting, with interest, to about aleve hundred 
shidiiwand dollars, the amount realized by you irom Parti is to 6 ae ed 
to and used for the purposes of this tru 
The details and organization of the it I ‘nee wie you, ay re- 
questing that Mr. Winthrop may be Chairman, and Governor Fish and 
Bishop Mcllvaine ioe Ohishi he your body ; and I give to you 
power to make all necessary by-laws and regulations, to eile an act of 
ses of the trustees and of any agents appointed by them, ne 6 ener, 
to do all such acts as may be necessary for carrying out the provisions 
of this trust. 
vacancies occurring in your number by death, resignation, or -other- 
wise, shall be filled by your election, as soon as convenien ntly be, 
and havin in view an equality of representation so far as regards the 
Selibers and Southern nie 
I furthermore give to u the power, in case two-thirds of the trustees 
shall at any time, after ie i. se of 30 years, deem it expedient, to close 
this trust, and of the funds which at that time shall be in the hands of 
yourselves or your successors, to distribute not less than two-thirds among 
such educational or literary vila nergy or for such educational purposes 
s for whose benefit the income is 
now appointed to be used. The pinatrth may be distributed by the 
trustees ti educational or literary purposes wherever they may deem it 
expedie 
hon panies this gift I am aware that the fund derived from it can but 
aid the States which I wish to benefit in their own exertions to diffuse 
the blessings of education and morality. But if this endowment shall 
encourage those now anxious for the light of knowledge, and stimulate 
and noble men = cherish the high pur- 
2 of ur great sousnry foremost, not only in power, but in 
the | Setigealt aa virtue of her citizens, it wil hives accomplished all 
that 
With a a recognition of the need of the blessing of pag 5 
: ; is guidance, 
your “one sanviash; 
Washington, Feb. 7, 1867. 
