ican Colonization Society, provided the sum does not exceed
twenty-five thousand dollars a year.
2. For an asylum for the poor of both sexes, of all ages and castes of
color, where they may be sheltered, clothed, fed, and taken care of,
made useful according to their respective degrees of health, strength,
and capacity, and mendicity thereby be banished from the streets of the
cities, he gives one eighth, or twelve and a half per cent of the net
revenue of rents, until the sum shall reach six hundred thousand
dollars, when it shall cease. This legacy is to be received by
commissioners appointed by the corporations, who, as they receive, shall
invest the amount in bank stocks or other good securities, on landed
estate on interest, so as to augment the amount thereof by the
accumulation of interest to the largest possible amount up to the time
when the last of the annuity shall be received, when the commissioners
shall proceed to take such part of said sum, not to exceed one third of
the whole of principal and interest, and invest in the purchase of real
estate and buildings, furniture, etc., essential for the asylum; the
residue to be invested in real estate, which is never to be sold, but
always rented out for the support of the asylum. The locality and
character of the buildings are particularly described. It is recommended
that the persons who shall reside in this asylum be employed in the
cultivation of the mulberry-trees, (this was during the _morus
multicaulis_ mania.)
3. For the Orphan Boys' Asylum in New-Orleans--an existing
institution--one eighth, or twelve and a half per cent of the net yearly
revenue of rents. This annuity is to be set aside and deposited in some
bank-paying interest, until it reaches four hundred thousand dollars,
when it shall cease. This fund as it accumulates is to be invested in
real estate, which is never to be sold, but rented out, and the rents
devoted to the charity.
4. For a School-Farm in the city of Baltimore, on an extensive scale,
for the destitute and the poorest of the poor of the city of Baltimore,
Maryland; secondly, of every town and village of said State; and
thirdly, of all the great maritime cities of the United States, of all
classes and castes of color, from four years to sixteen, where they
shall be sheltered, lodged, clothed, fed, instructed in the Christian
religion, and a plain education given them, and taught husbandry
practically, as well as the science of
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