on
resting upon her to make provision for their payment. In
confirmation of what I have said in regard to the legislative
and judicial action concerning the State bonds issued to the
Planter's Bank, I herewith place in your hands the documents
marked A.

The details and organization of the trust I leave with you, only
requesting that Mr. Winthrop may be Chairman, and Governor Fish
and Bishop McIlvaine Vice-Chairmen of your body; and I give to
you power to make all necessary by-laws and regulations, to
obtain an act of incorporation, if any shall be found expedient,
to provide for the expenses of the trustees and of any agents
appointed by them; and generally, to do all such acts as may be
necessary for carrying out the provisions of this trust.

All vacancies occurring in your number by death, resignation, or
otherwise, shall be filled by your election, as soon as
conveniently may be, and having in view an equality of
representation so far as regards the Northern and Southern
States.

I furthermore give to you the power, in case two-thirds of the
trustees shall at any time, after the lapse of 30 years, deem it
expedient, to close this trust, and of the funds which at that
time shall be in the hands of yourselves and your successors, to
distribute not less than two-thirds among such educational or
literary institutions, or for such educational purposes as they
may determine, in the States for whose benefit the income is now
appointed to be used. The remainder may be distributed by the
trustees for educational or literary purposes wherever they may
deem it expedient.

In making this gift I am aware that the fund derived from it can
but aid the States which I wish to benefit in their own exertions
to diffuse the blessings of education and morality. But if this
endowment shall encourage those now anxious for the light of
knowledge, and stimulate to new efforts the many good and noble
men who cherish the high purpose of placing our great country
foremost, not only in power, but in the intelligence and virtue
of her citizens, it will have accomplished all that I can hope.

With reverent recognition of the need of the blessing of Almighty
God upon this gift, and with the fervent prayer that, under His
guidance, your counsels may