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by making bequests that do not appear to have any iminediate relation to their advantage.
I was born in Boston, New England, and owe my first instructions in literature to the free gramnar-schools established there. I have therefore considered those schools in my will.
Bui I am under obligations to the state of Massachusetts, for having, unasked, appoinicd me formerly their agent, with a handicme falary, which continued fome years : and although I accidentally lost in their service, by transmitting governor Hutchinson's letters, much more than the amount of what they gave me, I do not think that ought in the least to diminish my gratitude. I have considered that, among artisans, good apprentices are most likely to make good citizens; ind having myself been bred to a manual art, print. ng,
in my native town, and afterwards assisted to let up my business in Philadelphia by kind loans of money from two friends there, which was the foundation of my fortune, and of all the utility in life that may be ascribed to me~I wish to be useful even after my death, if pollible, in forming and advancing other young men, that may be serviceable to their country in both these towns.
To this end I devote two thousand pounds sterling, which I give, one thousand thereof to the inhabitants of the town of Boston, in Maffichu. fetts, and the other thousand to the inhabitants of the city of Philadelphia, in trust, to and for the uses, intents, and purs ros, herein after mentioned and declared. The said sum of c
pounds sterling, if accepted by the inh.
e town of Boston, Thall be managed u
tion of the select
men, united with the ministers of the oldest epis scopalian, congregational, and presbyterian church. es, in that town, who are to let out the faine upon interest at five percent. per annum, to such young maried artificers, under the age of twenty-five years, as have served an apprenticeship in the said town, and faithfully fulfilled the duties required in their indentures, so as to obtain a good moral character, from at least two respectable citizens, who are willing to become fureties in a bond, with the applicants, for the repayment of the money fo lent, with interest, according to the terms herein after prescribed; all which bonds are to be taken for Spanish milled dollars, or the value thereof in current gold coin; and the managers thall keep a bound bock, or books, wherein Thall be entered the names of those who shall apply for, and receive the benefit of this institution, and of their fureties together with the fums lent, the dates, and other necessary and proper records respecting the busines and concerns of this inftitution: and as these loa's are intended to assist young married artificers in setting up their business, they are to be proporti oned by the discretion of the managers, to as non to exceed fixty pounds sterling to one person, nor to be less than fifteen pounds.
And if the number of appliers so entitled should be so large as that the sum will not suffer to afford to cach as much as might otherwise not be impro per, the proportion to each shall be diminished, id as to allord to every one fome atlistance. Theld aids may therefore te small at first, but as the c1 pital increases by the accumulated interest, they will be more ample. And in order to serve as ma ny as poflible in their tnrn, as well as to make
the repayment of the principal borrowed more eafy, each borrower shall be obliged to pay with the yearly interest one tenth part of the principal, which sums principal and interest so paid in, Thall be again let out to fresh borrowers. And it is presumed, that there will be always found in Bofton virtuous and benevolent citizens, willing to bestow a part of their time in doing good to the rising generation, by superintending and managing this institution gratis ; it is hoped that no part of the money will at any time lie dead, or be divert. ed to other purposes, but be continually augmenting by the intereft, in which case there may in time be more than the occasion in Boston shall require; and then some may be spared to the neighbouring or other towns in the said state of Massachusetts, which may desire to have it, such towns engaging to pay punctually the interest, and such proportions of the principal annually to the inhabitants of the own of Boiten, if this plan is executed, and fucceeds, as projected, without interruption, for one hundred years, the sum will be then one hundred ind thirty-one thousand pounds ; of I which would have the managers of the donation to the town of Boston then lay out, at their discretion, one hunIred thousand pounds in public works, which may be judged of most general utility to the inhabitints ; such as fortifications, bridges, acqueducts, public buildings, baths, pavements, or whatever nay make living in the town more convenient to is people, and render it more agreeable to strangrs resorting thither for health, or a temporary esidence. The remaining thirty-one thousand unds I would have continued to be let out to Dterest, in the manner above directed, for one VOL. I.
hundred years ; :25 I hope it will have been found that the institution has had a good effect on the conduct of youth, and been of service to many worthy characters and useful citizens. At the end of this second term, if no unfortunate accident has prevented the operation, the sum will be four mil. lions and sixty-one thousand pounds sterling; of which I leave one million and fixty-one thousand pounds to the disposition and management of the in habitants of the town of Boston, and the three millions to the disposition of the government of the fate; not preluming to carry my views any farther.
All the directions herein given respecting the disposition and management of the donation to the inhabitants of Boston, I would have observed respecting that to the inhabitants of Philadelphia ; only, as Philadelphia is incorporated, I request the corporation of that city to undertake the manage. ment, agreeable to the said directions: and I do hereby vet them with full and ample powers for that purpose. And having considered that the covering its ground-plat with buildings and pavements, which carry off most rain, and prevent its soaking into the earth, and renewing and purifying the firings, whence the water of the wells must grafit dually grow worse, and in time be unfit for u!e, as I find bas happened in all old cities; I recommend, that, at the end of the first hundred years, ir if not done before, the corporation of the city employ a part of the hundred thousand pounds in bringing by pipes the water of Wiffabickon-creek inio the town, so as to supply the inhabitanti, which I apprehend may be done without great
difliculty, the level of that cieck being much above
that of the city, and may be made higher by a dam. I also recommend making the Schuylkill completely navigable. At the end of the second hundred years, I would have the disposition of the four millions and fixty-one thousand pounds divided between the inhabitants of the city of Philadelphia and the government of Pennsylvania, in the fame inanner as herein directed with respect to that of the inhabitants of Boston and the goveroment of Mafsachusetts. It is my desire that this institution should take place, and begin to operate within one year after my decease; for which purpose due notice should be publicly given, previous to the expiration of that year, that for those whose benefit this establishment is intended may make their repective applications; and I hereby direct my executors, the survivors and survivor of them, with. in fix months after my decease, to pay over the said sum of two thousand pounds sterling to such persons as shall be duly appointed by the select men of Boston, and the corporation of Philadelphia, to receive and 'ake charge of their respective fums op one thousand pounds each for the purposes aforefaid. Considering the accidents to which all human affairs and projects are subject in such a length of time, I have perhaps too much flattered myleli with a vain fancy, that these dispositions, if carried into execution, will be continued without interruption, and have the effects proposed ; I hope however, that, if the inhabitants of the two cities should not think fit to undertake the execution, they will at least accept the offer of these donations, as a mark of my good will, token of my gratitude, and testimony of my desire to be useful to theme. ven after my departure. I with, indeed, that they