establishment, they saw Pundit Iswara Chandra Vidyasagar who, as Principal of the Government Sanskrit College and the Inspector of Government female schools, was most experienced in managing schools, and had ample time at his disposal as he had resigned the Government service,—and requested him and Babu Rajkrishna Banerjee to assist them in managing the school; and on their complying with the request, a Committee of Management was formed consisting of the founders and of the said two gentlemen and a few other additional members, and the said Committee continued to manage the school up to March 1861.
"5. In the said year a difference of opinion sprung up amongst the members of the said Committee with respect to the dismissal of a teacher found guilty of gross misconduct; and this led to disagreement between the founders, two of whom, namely, Babus Thakurdas Chakravarti and Madhabchandra Dhara did, in consequence, give up their rights to, and cut off their connections with, the said school, and founded a rival school under the name of the Calcutta Training Academy. At that time Babu Madhabchandra Dhara, who was the Treasurer of the Calcutta Training School, had in his hands five or seven hundred Rupees of the School fund, which amount was taken away and appropriated by the said two seceders and impliedly understood as the price or value of their interest in the original school.
