The name is absent



American Colonial Colleges 273
civil war, and not feeling very generous. About £400 or
£500, however, were collected; most of it went to pay debts
contracted for the college building, some was laid out in
books, pewter, dishes and table linen; and £162 6s. 4d. was
applied to scholarships. It is interesting to note that in the
absence of investment securities, the only way for the Col-
lege to get an income from this fund was to lend it to the
Colony, which paid a moderate interest on it to the College.
This earliest American college scholarship came from a
wealthy Puritan widow, Lady Mowlson. Thomas Weld, the
Harvard endowment agent, who secured this contribution,
tried to divert a bit of it for his own family. He induced
Dame Mowlson to request the Harvard authorities that
“John Weld now a scholler in the said colledge shall haue the
said stipend till he attaine the degree of Master of Arts.”
Unfortunately John did not last long as a “scholler in the
said coiledge.” In company with another minister’s son he
was caught burglarizing a Cambridge house, “publickly
whipped” in the college hall by President Dunster, and ex-
pelled.

For teaching fellowships to relieve President Dunster of
the entire burden of instruction, money was raised by what
was called the “Colledge Corne.” Every family in New Eng-
land was asked to contribute annually a quarter-bushel of
wheat, or a shilling in money, “for the mayntenance of poore
Schollersn ; and although not everyone did so, enough wheat
flowed in from all parts of New England to maintain for
eight years two or three graduate teaching fellows, and sev-
eral undergraduate scholars. The frontier contributed as
well as the coast towns ; a remarkable demonstration of the
value that the New England Puritans placed on higher edu-
cation. And it is interesting to note that £3 worth of wheat,
undoubtedly the largest per capita contribution, came from



More intriguing information

1. IMPLICATIONS OF CHANGING AID PROGRAMS TO U.S. AGRICULTURE
2. Optimal Tax Policy when Firms are Internationally Mobile
3. The Impact of Optimal Tariffs and Taxes on Agglomeration
4. Auction Design without Commitment
5. Cross border cooperation –promoter of tourism development
6. Financial Markets and International Risk Sharing
7. The name is absent
8. The economic doctrines in the wine trade and wine production sectors: the case of Bastiat and the Port wine sector: 1850-1908
9. The name is absent
10. The name is absent