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Allow me to call attention to the fact
that it is not necessary that the gift
should be in the form of cash in hand.
You will observe that Mr. Throop's will
specifies, "Bankable funds." A promisory
note, with such endorsement as I could
secure for it, or such security as you
might choose to give it, on one year's
time, at a low or even nominal rate
of interest, would fulfil the condition.
I suggest this, because I can under-
stand that although you are the
fortunate possessor of large wealth,
the noble responsibilities you are bearing
are very great, and must call for all
your available resources. Besides some
months would necessarily elapse before
our State Convention would have pro-
vided the necessary quarters. Provision
might, indeed, be made that until every-
thing was in readiness to begin the work
of the school, your donation of the
contingent $20,000 necessary to secure
Mr. Throop's bequest, if you should