Am.  Jour.  Pharm. 
June,  1914. 
Clayton  French  Fellowship. 
247 
"  The  founder  of  a  fellowship  may  designate  the  title  of  the 
fellowship  and  the  special  investigation,  science,  or  department  to 
which  the  research  is  to  be  directed,  and  may  select,  from  time  to 
time,  the  fellow  to  whom  the  fellowship  is  to  be  awarded.  In  the 
absence  of  such  designation  or  selection  the  Board  of  Trustees  shall 
decide  the  title  and  the  application  of  the  research,  and,  subject  to 
confirmation  by  the  Board  of  Trustees,  nominate  from  time  to  time 
the  fellow  on  written  application  setting  forth  the  subject  of  re- 
search work  that  is  to  be  engaged  in,  preference  is  to  be  given  to 
post-graduate  study  in  the  sciences  associated  with  pharmacy. 
"  If  any  student  to  whom  a  scholarship  or  a  fellowship  is  awarded 
is  found  to  be  of  improper  character,  or  is  deficient  in  mentality  or 
scholarship,  or  fails  to  attend  the  instruction  or  to  pass  satisfactory 
examinations,  the  award  shall  be  cancelled. 
"  A  scholarship  or  a  fellowship  is  awarded,  in  accordance  with  the 
By-Laws  and  Rules  and  Regulations  established  by  the  Board  of 
Trustees,  to  the  student  named  and  for  the  period  specified  and  can- 
not be  transferred  by  the  recipient. 
"  All  moneys  received  by  the  College  for  the  purpose  of  founding 
a  scholarship  or  fellowship  shall  be  invested  by  the  Finance  Com- 
mittee in  accordance  with  their  best  judgment,  and  a  separate 
account  shall  be  kept  of  each  such  scholarship  or  fellowship. 
"  If  any  donation  or  bequest  received  for  the  purpose  of  founding 
a  scholarship  be  insufficient  for  the  purpose  intended,  then  such  sum 
received  shall  be  invested  by  the  Finance  Committee,  and  when  the 
aggregate  of  the  principal  and  accrued  interest  is  sufficient  for  the 
purpose  intended,  the  scholarship  shall  be  established  by  the  Board  of 
Trustees. 
"  The  Board  of  Trustees  shall  have  authority  to  offer,  in  the 
name  of  the  College,  free  scholarships  to  students  of  such  public 
schools  or  other  educational  institutions  as  the  Board  may  designate." 
At  a  recent  meeting  of  the  Board  of  Trustees  President  French 
announced  that  Mrs.  Mary  French  Banks,  of  Philadelphia,  had 
donated  through  him  the  sum  of  $5000  for  the  establishment  of  a 
fellowship  as  a  memorial  to  her  father,  Clayton  French.  The  Board 
gratefully  accepted  the  sum  and  established  a  fellowship,  to  be 
known  as  the  "  Clayton  French  Fellowship."  The  -following  is  a 
copy  of  the  letter  of  transmittal  to  Mrs.  Banks  by  the  Chairman  of 
the  Board  of  Trustees: 
