Part 28 (2/2)

(Signed) ”W. T. SUTHERLIN.”

On motion of Rev. A. W. Wilson--

”_Resolved_, That the proposition be accepted, and that the thanks of the Board be returned to Major Sutherlin for the generous donation, and that the medal be styled the _Sutherlin Prize Medal for Oratory_.”

Rev. A. G. Brown, Financial Secretary, made the following review of the financial operations of the year:

”1. That the current expenses of this session have been promptly and fully paid to June 1st.

”2. That means are in hand to meet obligations to July 1st.

”3. That we rely princ.i.p.ally upon the a.s.sessments and special donations to the College for the succeeding three months.

”4. That the a.s.sets of the College have been improved in value and in the amount of interest they yield.

”5. That the liabilities have been materially reduced.

”6. That the financial interests of the College are freed from legal or legislative embarra.s.sments.

”These are gratifying results. I mention them for your information and encouragement. They are the sign of a better day. Let us consecrate ourselves to this n.o.ble inst.i.tution, and, with the blessing of G.o.d on our duty faithfully performed, we may expect to see it what it ought to be in the scope of its usefulness and the development of its resources, a strictly first-cla.s.s College.

(Signed) ”A. G. BROWN,

”_Financial Secretary Randolph-Macon College_.”

This gratifying report, the best that had been submitted for years, caused the Trustees to adjourn in a cheerful mood.

[Ill.u.s.tration: G. E. M. WALTON, _Founder of the Walton Greek Library._]

[Ill.u.s.tration: MAJ. W. T. SUTHERLIN, ELECTED TRUSTEE, 1860. _Founder of the Sutherlin Prize for Oratory._]

A called meeting of the Board was held in Richmond October 13, 1872. A letter was presented from Prof. Thomas R. Price, which was as follows:

”_Rev. James A. Duncan, President_:

”DEAR SIR,--As Professor of Greek in our College, I feel great pleasure in informing you, and through you the Board, of the n.o.ble act of generosity by which Mr. George E. M. Walton, of Hanover county, Va., has planned a lasting benefit to the School of Greek.

”Mr. Walton was, as you know, the father of Mr. Andrew Minor Walton, who, with rare learning and diligence, discharged until his death, in September, 1871, the duties of a.s.sistant Greek Professor in Randolph-Macon College. In order, then, to foster in the College the studies that his son loved so well, and at the same time to keep alive in the College history and traditions the memory of that son, Mr. Walton has offered to give to Randolph-Macon College the sum of one thousand dollars to create and endow what shall be called the _Walton Greek Library_. This donation Mr. Walton desires to see, without delay, put into the proper legal form. His own wishes and intentions, as given to me in conversation, are:

”1. That the money shall, in consultation between him and the agents of the College, be securely and permanently invested.

”2. That ten dollars of the annual income shall be used to buy, in the shape of a valuable Greek book, or other appropriate gift, as the Faculty may decide, a prize that shall be called the _Walton Greek Prize_, and bestowed on the student that, in the judgment of the Faculty, has made during the session the best progress in Greek studies.

”3. That the remainder of the income arising from the investment of the fund shall be annually expended, under such regulations as the Board and Faculty may establish, in the purchase of Greek books, including the texts of Greek authors, Greek lexicons, Commentaries on Greek authors, works on Greek history, Geography, Grammar, antiquities, etc., and all direct auxiliaries to Greek study, to form a special and distinct collection, to be called the _Walton Greek Library_.

”4. That this Library shall be carefully guarded by the College authorities and secure adequate protection from theft and fire.

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