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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 grammar-schools established there, I have therefore considered those schools in my will.
Bui I am under obligations to the state of Massachusetts, for having, unaiked, appoinicd me formerly their agent, with a handsome falary, which continued some years : and although I accidentally lost in their service, by transmiiting governor Hutchinson's letters, much more than the amount of what they gave me, I do not think that ought in the last 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, printng, 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 possible, 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 purn. cos, herein after mentioned and declared. The said sum of o
pounds sterling, if accepted by the inh.
e town of Botton, Thall be managed u
tion of the select mmen, united with the ministers of ihe oldest epik copalian, congregational, and presbyterian church. es, in that town, who are to let out the fame upon interest at five percent. per annum, to such young mariied 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 chaTacter, froin 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 terins 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 shall 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 busine 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 nor 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 lo large as that the sum will not suffer to afford to each as much as might otherwise not be impro per, the proportion to each shall be diminished, la as to allord to every one fome assistance. There aids may therefore te small at first, but as the ca pital increases by the accumulated intereft, they will be more ample. And in order to serve as ma ny as possible in their tnrn, as well as to make
the repayment of the principal borrowed more ea. fy, 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, shall be again let out to fresh borrowers. And it is presumed, that there will be always found in Boston virtuous and benevolent citizens, willing to bestow a part of their time in doing good to the riling 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 diveried 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 intereft, and such proportions of the principal annually to the inhabitants of the own of Boften, if this plan is executed, and succeeds, as projected, without interruption, for one aundred years, the sum will be then one hundred ind thirty-one thousand pounds; of I which would bave the managers of the donation to the town of Boston then lay out, at their discretion, one hunTred thousand pounds in public works, which may De judged of most general utility to the inhabita ints ; such as fortifications, bridges, acqueducts, public buildings, baths, pavements, or whatever may 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 Bunds I would have continued to be let out to Dterest, in the manner above directed, for one (Vol. 1.
Hundred vers ; as 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 dispositicn and management of the inhabitants of the town of Boston, and the three millions to the disposition of the government of the fate; not presuming 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 here is by vest them with full and ample powers for that purpose. And having considered that the covering its ground-plar with buildings and pavements, which carry off most rain, and prevent its soaking into the earth, and renewing and purifying the bar firings, whence the water of the wells miult gra.lt dually grow worse, and in time be unfit for ule, as I find has happened in all old cities; I recom-lic mend, that, at the end of the first hundred years, bor if not done before, the corporation of the city enuloy a part of the hundred thousand pounds in ha bringing by pipes the water of Wiffabickon-creekse inio the town, so as to supply the inhabitants, which I apprehend may be done without great difticuliy, the level of that cieck being much above te
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 governinent of Pennsylvania, in the fame inanner as herein directed with respect to that of the inhabitants of Boston and the government of Massachusetts. 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 refpective applications; and I hereby direct my executors, the survivors and survivor of them, with. in six months after my decease, to pay over the said sum of two thousand pounds sterling to such pera fons as shall be duly appointed by the select men of Boston, and the corporation of Philadelphia, to receive and take charge of their respective fums oi 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 fattered inyleli · with a vain fancy, that these dispositions, if carried
into execution, will be continued without interrup. ition, 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 wish, indeed, that they