Endowments: An Address Delivered Before the College Association of ...

Cover Endowments: An Address Delivered Before the College Association of ...
Endowments: An Address Delivered Before the College Association of ...
Joshua G Joshua Girling Fitch
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A found- ling hospital offers a direct encouragement to illegitimate births. A permanent dole fund tempts poor people to false- hood' or to exaggeration, and its very existence diminishes one of the motives of thrift and self-restraint. An apprentice fund which was once well adapted to the industrial needs of the community continues to exist long after the system of apprentice premiums has been abolished in ordinary trade ; and is fouijc^ to work in such a way as to furnish in disguise a charit...able dole to certain parents and to be of no service whatever in qualifying children to become skilled artisans.
At a small village in Yorkshire I found an endowment of nearly $5,000 a year carefully administered in precise accord- * ance with the will of the founder, who two hundred years ago had enjoined his executors to see that the letter R, the initial of his own name, should be conspicuously embroidered on the dress of all the recipients of his bounty. His injunctions were still obeyed. Three old men, three old women and twelve boys walked about the village thus decorated, in pious remembrance of their venerated founder, and on his birthday listened annually to a sermon extolling his merits.


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