The Board of Trustees, however, had by no means abandoned their
purpose to secure an endowment for the College. We have seen that at
their meeting of June 8, 1852, they had appointed a committee on the
agency. On the next day this committee submitted its report as
Resolved, that it is the expedient and proper as well as necessary for
the success of this Institution, that the sum of Fifty Thousand Dollars
be raised as speedily as possible for the endowment of Wake Forest
College-and when the above sum of Fifty Thousand Dollars has been
secured, poor young men of promise shall be admitted free of charge.
It will be observed that the plan to endow professorships had been
abandoned. Nothing is said of scholarships. But although the purpose
of extending free tuition to all young men who might need it was
inconsistent with the sale of scholarships, for several years the sale of
scholarships continued.
Probably the plan owed more to the resourceful and energetic N. J.
Palmer, a member of the committee which brought it before the
Trustees, than to any one else. On the night after it was adopted
finding that the preacher chosen for Commencement had not arrived,
Mr. Palmer called a meeting of the visitors and friends of the
institution and, after explaining the plan, had it discussed by J. J.
James, S. J. Wheeler and J. B. White, who were also members of the
committee, and by Rev. B. Blake, a visitor, and by General Romulus
M. Saunders, who had that day delivered the Literary Address, and
who presided at the meeting.1
No agent was secured until the meeting of the Board,2 October
1 Biblical Recorder, June 18, 1852.
2 The agency had been offered to John Mitchell, a recent graduate of the College,
and to Robert Jones, an agent of the Convention, but both declined; Mr. Mitchell
because he purposed to attend Newton Theological Seminary, Mr. Jones because he
felt that he could not resign his agency of the Convention. Biblical Recorder, Aug.
13, 1852.
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