Page:Life of Isaiah V Williamson.djvu/119

This page has been proofread, but needs to be validated.
The Williamson School Idea
101

intelligent man, reading it for the first time, must confess that it is an extraordinary document, striking out here and there on new lines, with nothing similar for a pattern. Aside from legal phraseology that the attorney necessarily gave to it in its final form, the individuality of the donor stamps it throughout, in processes of thought, forms of expression, and completeness of detail. In its original pamphlet form it fills some thirty octavo pages. Following the preamble stating its purpose, the name of the school, the appointment of the trustees and the fiscal trustee—(the Pennsylvania Company for Insurances on Lives and Granting Annuities), is a schedule of the securities transferred, capital and preferred stocks in banks, railroads and navigation companies, insurance and industrial companies, having a par value of $1,596,000, and later appraised at about $2,100,000; directions are then given for that appraisement at their market value, and a division of the total sum into two parts, one-fifth for a building fund and four-fifths for an endowment fund, the securities "most readily and advantageously salable" to be set aside