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Concerning endowments and changes proposed - with reference, presumably, to Bexley Hall and Kenyon College.
letter, McIlvaine, Wharton, endowment, Kenyon College, Bexley
Wharton, Francis, "Letter to C.P. McIlvaine" (1864). Charles Pettit McIlvaine Letters. 273.
Brookline, Dec. 17, 1864
My dear Bishop,
I send you a copy of the Charter + Constitution of the [Cambridge] [?] School. It was carefully drawn, so as to ensure a board, which, from its permanent + close character, would be a fit [?] for trust [?] of this class.
I think that all the living [constituates] to the endowments of families [around] [?] is an earnest application to convention & legislative for each a change as for [even] speaking of; putting this as the [?] that experiences [?] that it is not wise to [plea] lay endowments as trustees believe to constant [?], such as Chase elected by conventions. I think of [?] also [?], who told me that he [around] [sect] has [contributed] to G. had he become the precarious [foundations] on which the [trust] rested. I don’t believe that any lay contributions [around] in [?] do so. And there comes the other reason; which may need be [?] stated, that evangelical endowment cannot be safely [permitted] against the changes of them by other any [?] they that of a close [?]
A sketch was taken in this direction the first year I was in Ohio (or the 2nd) by [?] the trustees to be divided in these classes, one class, only ([?] of the whole) giving out each year. This [?] the principles of the right to change, by consent of convention + trustees. This principle, which if I suppose the legislature acted on is the case I mention, around sustain such a change as that now proposed.