The Board of Education, 1862-1915 485
maturity for all amounts it paid out for their support. The principal
was to be due five years after the interest began to accrue. In the
following June a modification was made that for students attending
the Louisville Seminary maturity of notes should be twelve months
after the close of their course there. This continued until December,
1901, when the Baptist State Convention, on the motion of President
C. E. Taylor, voted that no notes should be required but that when the
beneficiary left college he should be given a statement of all amounts
expended on him by the Board to be paid at his convenience.42 At its
next meeting the Board ordered all notes given by beneficiaries to be
returned. Seven years later the Convention meeting at Wilson in
December, 1908, ordered that all aid to beneficiaries should be gifts
and not loans. This plan has continued until the present day. One
reason for the departure from gifts to loans had been the hope that in
this way the beneficiaries might be spared the charge sometimes made
by their fellow students that they were recipients of a charity. Another
was that it was thought that a loan would give the recipient a sense of
responsibility for his expenditures and check any tendency to
extravagances. Possibly the Board also expected a constant stream of
revenue after a few years from the payment of the interest and the
principal of the notes. It was not long, however, before it was realized
that this last hope was vain. The financial returns were very small,
and it was evident that many to whom loans were made did not take
them seriously, and the effect of making debtors of so many ministers
was far from salutary. And yet for the aid provided as gifts many felt
a strong sense of gratitude. A pleasing manifestation of this was the
action of Rev. J. A. Beam, a beneficiary of 1880-85, in giving board
and tuition in his school at Bethel Hill to two beneficiaries of the
Board in the school year 1889-90.43 Most, however, found their
salaries as ministers of North Carolina Baptist churches so small that
their appreciation was chiefly
―――――――
42 The Chowan Association strongly preferred gifts to loans. Biblical Recorder,
June 22, 1901.
43 Minutes of the Board, September 6,
1889.
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