Scholarship Bonds/Notes IWC Newsom Archives Raymond J. Chadwick Library Iowa Wesleyan College Mount Pleasant, Iowa
Facts The scholarship bond idea was to gain funds for the college. It actually created
financial challenges for the University. When invested in the college and signed a contract, they then received free tuition. “One Scholar at a time, male or female, may be kept forever, free from Tuition
Fees, in any of the Classes of the Academical[sic] or Literary Departments of the University, in such studies as are, or may be essential to graduation.”
These notes/bonds could be passed down through the purchasers children. “Should the purchaser die intestate, then the right of personal tuition shall
descend to any or all of his or her children, who may claim such tuition, one at a time in succession.”
Facts The price of bonds was set at $100.
A $100 bond purchased in 1855 would cost $2464.20 in 2013. Tuition would have been
approximately $35-40 per term for the preparatory or collegiate departments. Students enrolled in music or drawing classes would have extra fees. (Source: http://www.westegg.com/inflation/)
A $100 bond purchased in 1860 would cost $2556.27 in 2013. Tuition would have been
approximately $26-43 per term for the preparatory or collegiate departments. Students enrolled in music or drawing classes would have extra fees. (Source: http://www.westegg.com/inflation/)
A $100 bond purchased in 1865 would cost $1500.87 in 2013. Tuition would have been
approximately $45-73 per term for the preparatory or collegiate departments. Students enrolled in music, drawing, or language classes would have extra fees. (Source: http://www.westegg.com/inflation/)
Facts Purchasers had to sign a contract and immediately respond my mail to let to
President of the University that they had received the bond.
Contracts stated specific guidelines the purchaser had to follow.
Our collection reflects scholarships from 1854 to 1866.
In our collection we have five bonds from Henry Avery, a board of trustee
member, it is noted on one of the bonds that it was paid in apple trees.
Located with some of the scholarship bonds, were land deeds.
Transcription (Front) This is to certify that D. Mitchell or orderer is entiled[sic] to two years & two terms’ tuition on my transferable Scholarship in the Iowa.[sic] W. University Mt. Pleasant Iowa Sept 24th, 1861
John Darrah
Transcription (Back) D. Mitchell One Term Miss L. Mills Two Terms _________ D. Mitchell received the 1st term of the collegiate[sic] year 1861 & 62, & Miss Mills the 2nd & 3rd terms of the same year. Geo. B. Jocelyn ___________ The above amount to 3 terms Dec. 6/66 4th term by Sue E. Mitchell Apr 2/67 ? & 5th term S. E. Mitchell
Order of J Darrah (inverted)
Facts
Reverend John Darrah was an Agent (1856-60) and a Conference Visitor (1861-62).
D. Mitchell may refer to David T. Mitchell from Chariton who is listed i9n the 1861-61 catalogue as a freshman and the 1861-62 catalogue as a sophomore. He is also is noted to be in the army from 186162. There is a David T. Mitchell listed in the National Parks & Services Soldiers and Sailors Database and was in the 1st Regiment, Iowa Infantry (3 months, 1861) and in the 17th Regiment, Iowa Infantry. (Additional verification needed)
No information could be found on Miss Mills
Reverend George B. Jocelyn was President of the College (1861-62), a Trustee (1860-64), a Conference Visitor (1859-60), an Executive Committeemen (1831-64), and a faculty member (1861-62).
Sue E. Mitchell may refer to Susan E. Mitchell who is listed in the 1867-68 catalogue in the Preparatory Department. (Additional verification needed)
Transcription (Front) Recieved from Walter Briggs a deed of Scholarship of Iowa Wesleyan University No. 60, to be commuted for one or more limited scholar-
(Back) Recd of Schol. by Dr. Elliott to Walter Briggs
ships, transferable, and for any person to be sent on it to consume its years, Should the trustees make such arrangements or in failure of this to return the Scholarship deed Mt. Pleasant, Iowa April 11th, 1860 Charles Elliot
Facts Reverend Charles Elliott was President (1857-61; 1862-1866), a Trustee (1858-66), an Executive Committeemen (1859-61; 1864-67), and a faculty member (1856-66).
Transcription (Front) Law, Collection and Land Agency Office of John D. Devin M’ Pleasant [Printed Ottumwa is crossed out], Iowa, November 24, 1865
To The Rev. Dr. Elliot Dear Sir I have the pleasure of informing you that I this day received from Rev. I. A. Braderick, three ‘four year’ Scholarships, in exchange for a Perpetual Scholarship dated, (1856) Yours Respectfully, D. C. Devin
(Back) D. C. Devin Nov. 24, 1865 Notice of Scho larship
Facts ď‚— No information could be found on John D. Devin.
ď‚— D.C. Devin may refer to David Chambers Devin from Ottumwa who is
listed in the 1864-65 catalogue in the Preparatory Department. (Additional verification needed)
Transcription Washington Iowa August 28th 1866 Rev C Elliot, Sir I have this day purchased, or rather exchanged an old Scholarship bond, for, two eight year certificates, of Scholarship sic(Latin term) in the Iowa Wesleyan University. Respectfully, S P Young
Facts ď‚— S.P. Young was a Trustee (1858-62)
Transcription
Facts
Mt. Pleasant, May 7th, 1866. Doctor Elliott, Dear Rev., I hold Three certificates of Scholarship, of four years each, in the
Reverend P.P. Ingalls was a
Conference Visitor (1855-57).
“Iowa Wesleyan University” made to me by Rev. I. A. Bradrick on the 23rd day of April 1866. Yours truly P. P. Ingalls
Transcription (Front) Rev. Chas. Elliott, D.D. L.L.D & Prest. of Iowa University: Dear Sir – I have this day bought 1 – 4 year cert. of Scholarship in said University – from D. Worthington
(Back)
Agt. Of which I notify you as per instructions on said certificate [sic]. Very Respectfully Oct. 3, 1865. B. F. Coe
Scholarship note?? by B. K.? Coe Sep. 1865
Henry Avery was a Trustee in 1855.
Transcription (Front) Near Burlington Iowa Sept 10th 66
(Back) Order of Henry Avery to let Craig’s children enter school on perpetual schol. Sept. 10/66
Dr. C. Elliott You will please let two of Rev. Jessee[sic] Craig’s children have the use and benefit until they graduate of two of the scholarships held by me in Iowa Wesleyan University and oblige Truly Yours – Henry Avery After entering college should they fail to go through it is understood that above privilege is forfeited. H. Avery
Transcription
Facts
Danville Aug 30th/66 Mr Burns Sir, I purchased a Scholarship of Brother – Craig the 28th of this month, and I was intending to come
No information could be found for
Benjamin F. Sake (Sater or Sabel).
to school this term, but circumstances were such thatI could not, & I believe it is the law of the Institution to inform the manager of such that a record may be kept, the Scholarship is four years one in the regular course . I have performed my in regard to to[sic] this as far as I know how. Your truly, Benjamin F. Sake (Sater or Sabel)
Mr. Burns/Professor A. Burns is Reverend
Alexander Burns who is listed in the 1864-65 catalogue as a Professor of Mathematics and Astronomy and in the 1867-68 catalogues as the Vice President and Professor of Mathematics and Astronomy.
Transcription (Front)
Burlington Iowa March 26, 1866
This witnesseth, that the Iowa Wesleyan University is entirely released from its
(Back) M. Heisey
surrenders this claim to Scholarship in I.W.U.
issuing to me, or to anyone through me, a deed to Scholarship in said University, or to any Tuition therein. The note which which I gave as a consideration why the University should furnish me with a deed to
Do not remember whether Scholarship Record shows[sic] that Heisey releases the I.W.U. or not: if it does not, it should. I A Bradrick
a perpetual Scholarship has been surrendered by the college Agent Rev. I A Bradrick.
Facts
M. Heisey
Reverend I.A. Bradrick was a Trustee (1864-79), a Conference Visitor (1857-59; 1860-61), and an Agent (1862-70)
Transcription (Front) Greencastle Iowa 1st mo 19th/67
Wm Jones
I read thy letter & haist to send thee a receipt I got from Charles Elliott for my scholarship which I left with him when I was at Mt Pleasant
(Back) Now let them so as they please with it, but I think they they have dealt pretty hard with me. & I think they ought to do the best they can but it is not for me to complain I feel conscious I have done faithful Lly[sic] all I thought it my duty to do in the matter. Write soon & let me know how the matter goes Walter Briggs
last, Now the Scholarship which I left with President Elliot will show for its self, now the case is this I had a cash note on J. P Russel & I wanted to pay out of that Note for my scholarship & I had to give one hundred dollars I have on the Note to get it cashed that I might pay for my scholarship, so thou canst see it cost me two hund red[sic] dollars, when I got my deed I was some what greaved for it was not such as I expected, & now I submit it their discussion
Letter of Walter Briggs to Jones Jan 19/67 (inverted)
Transcription Mr Worthington Dear Sir: At the request of Mr Fortescue I have transferred one certificate for two years scholarship in the I.W.U. to Mr H Clark of Mt Pleasant Mrs. Grey Aug. 30th/65
Transcription Mr Worthington, Dear Sir At the request of Mr Fortescue I have transferred one certificate for two years scholarship in the I.W.U. to Mr. Burton of Mt. Pleasant. Mrs. S.C. Grey Aug 31st/65
Facts Reverend David Worthington was a Trustee (1854-66), an Agent (1856-57), President of
Board (1854-65), and an Executive Committeemen (1864-65).
Mr. Fortescue refers to Walter S. Fortescue who is listed in the 1855-56, 1856-57, and
1857-58 catalogues as the Professor of Theory and Practice of Music. (He is not found in the Iowa Wesleyan College: Its History and Its Alumni book under Faculty.)
No information could be found for Mrs. S.C. Grey.
Mr. Burton may refer to Robert Alison Burton of Mt. Pleasant who is listed in the 1864-
65 catalogue in the Preparatory Department OR to William H. Burton of Mt. Pleasant who is listed in the 1867-68 catalogue as a freshman. (Additional verification needed)
Transcription (Front) (Back) There was reported to me term scho larship for Wm. Jordan of two years each, in Iowa Wesleyan University dated March 28 1866 Mt. Pleasant Iowa Mar. 29 1866 Charles Elliot Pres
Note of Scho Larship
Transcription
Facts
Mt Pleasant March 22nd
• Chester L. Collins was a Trustee from 1873-75.
Rev C Elliott Dear Sir My Father purchased a Scholarship Some time ago and as to the condition of the scholarship and for the person
• No information could be found for A.W. Collins.
holding the scholarship to notify the President I take the liberty of addressing you the following is the description of the scholarship It is for 4 years priced 33.33 & Pd by AW Collins of Knoxville Iowa Marion Co. Dated at Knoxville Marion County Iowa 27th day of February 1866 Signed by D Worthington Signed by Thos. E. Corkhill Attested payment and acknowledged by B Mark I have not had it very long could not attend to it sooner. Truly yours Chester L. Collins
• Reverend Thomas E. Corkhill was a Trustee (1855-97), Secretary (1855-72; 1878-89), an Agent (1854-55), Financial Secretary (1883-1884), and Financial Agent (1883-84). Corkhill is also the father of Alice Corkhill Weaver (1864), Charles Elliott Corkhill (1881), and Emma Kate Corkhill (1889). Thomas E. Corkhill was in the 25th Regiment, Iowa Infantry as a Chaplain.
Transcription 66 Centerville, Augt 31, Prof. A. Burns, Sir I have lost my deed for a life scholarship in the I. W. University & you have lost your deed for the lot received of me in payment for the same. Please forward me a new Deed for Scholarship & I will forward to you a deed for lotduly signed & sealed, stamped & cancelled etc Please attend to this matter as soon as convenient as I wish to use the Scholarship. Respectfully, Benjamin Spooner Prof. A Burns} Centerville, Appanoose Co Iowa
Transcription Mt Pleasant Iowa May 3rd 1866 Dr Elliot Pres: Weslean [sic] University at Mt Pleasant Dear Sir On the 19th day of April 1866 I purchased & recvd [sic] one certificate of scholarship made to Mrs A. M. James of Henry County for two collegiate years transferred to me by R.M. Pickel agent for A.M. James. Also on the 16th date of April 1866 I purchased and recvd[sic] today our certificate of scholarship[sic]made to Mrs. Eliza Miller for four collegiate years, dated Nov 15th/65 and transferred by her to James Simmons Dec 4th 1865 and by James Simmons to Eina Miller Febr 7th, 1866 Yours ? L.P. Mills
Transcription Aug 21st 1865 Rev. D. Worthington, President of Board of Trustees This is to certify that I have this day purchased of W. S. Fortescue for the sum of twenty five dollars, a Schol arship for two Collegiate years at the I. W. University. Emma M. Ballard
Facts
• Emma Marie Ballard is listed in the 186465 catalogue as a freshmen and in the 1867-68 catalogue as a senior. • Emma Ballard graduated in 1867 with a Bachelor of Arts and in 1870 with a Master of Arts.
Transcription (Front) Hillsboro Sept 17th/66 To the President of the Mt Pleasant University Dear Sir, I wish to send Sarah E. Arnold to your College for tuition on my Scholarship as she is one of my Family and I am personally interested in her Education Joseph Boyles
Transcription (Back) Order for autrous[sic] of Miss Sadie E. Arnold on perpet. Schol. Of Joseph Boyles
Facts • Sarah E. Arnold is listed in the 1867-68 catalogue in the Preparatory Department. • No information could be found for Joseph Boyles or Sadie E. Arnold
Mt. Pleasant Iowa Aug 29th 1866 This is to certify that I have this day received 2 Eight yrs Schol for in lieu of Perpetual Schol Bond held by me; which bond is hereby released. Done by I.A. Bradrick E.L. Briggs
E.L. Briggs Bond Commuted
Facts Reverend E.L. Briggs was Secretary (1876-78), Financial Secretary
(1866-79), and an Executive Committeemen (1866-70).
This is a correspondence that is for the degrees of Harriet Jane “Hattie”
Briggs Bousquet, one of the founders of the P.E.O. Sisterhood, and her brother Ancil “James” Briggs.
Mt. Pleasant Henry County Iowa Aug 16/66 Rev. J. Gasner’s[sic] Bond has not been taken up: but two Eight yrs school. was issued Aug 16th 1866 was issued by me in commutation of the same. I. A. Bradrick
Rev. J. Gasners[sic] Bond commuted
Facts Reverend Joseph Gassner was a Conference Visitor from 1867-70 and 1870-72.