The Peabody Education Fund was established by George Peabody in 1867, after the American Civil War , for the purpose of promoting "intellectual, moral, and industrial education in the most destitute portion of the Southern States." The main purpose of the fund was to aid elementary education by strengthening existing schools. Because it was restricted from founding new schools, it largely did not benefit freedmen in the South ; only 6.5% of its disbursements went to schools for Black students in its early years. The gift of foundation consisted of securities to the value of $ 2,100,000, of which $ 1,100,000 were in Mississippi State bonds, afterward repudiated.
16-498: The original trustees of 1867 were William M. Ewarts ; George A. Riggs ; William Alexander Graham ; Charles MacAlister; John H. Clifford ; David G. Farragut ; George N. Eaton ; George Peabody; Hamilton Fish ; Ulysses S. Grant ; William Aiken Jr. ; Robert C. Winthrop ; George P. Russell ; Charles P. McIlvaine ; William C. Rives ; Samuel Wetmore. In 1869 an additional $ 1,000,000 was given by Mr. Peabody, with $ 384,000 of Florida funds, also repudiated later. "The fund introduced
32-495: A member of the House are found in the state Constitution : "Each Representative, at the time of his election, shall be a qualified voter of the State, and shall have resided in the district for which he is chosen for one year immediately preceding his election." Elsewhere, the constitution specifies that qualified voters that are 21 are eligible for candidacy except if otherwise disqualified by
48-538: A new type of benefaction in that it was left without restriction in the hands of the trustees to administer. Power to close the trust after thirty years was provided on condition that two-thirds of the fund be distributed to educational institutions in the Southern states." The rules of the Peabody Education Fund were strict, allowing for the distribution of about $ 80,000 per year over a period of thirty years. By
64-642: A song, The Old Family Clock , to Mrs. W. A. Graham. North Carolina House of Representatives Minority The North Carolina House of Representatives is one of the two houses of the North Carolina General Assembly . The House is a 120-member body led by a Speaker of the House , who holds powers similar to those of the President pro-tem in the North Carolina Senate . Representatives serve two-year terms. The qualifications to be
80-684: The John F. Slater Fund , the Negro Rural School Fund , and the Virginia Randolph Fund . online William Alexander Graham William Alexander Graham (September 5, 1804 – August 11, 1875) was a United States senator from North Carolina from 1840 to 1843, a senator later in the Confederate States Senate from 1864 to 1865, the 30th governor of North Carolina from 1845 to 1849 and U.S. secretary of
96-717: The Province of Pennsylvania . Graham attended the University of North Carolina at Chapel Hill, where he studied law and was an active member of the Dialectic Society. He graduated in 1824, was admitted to the bar in 1825, and began practicing law in Hillsborough . From 1833 to 1840, Graham was a member of the North Carolina House of Commons from Orange County . He served twice as speaker of that house. In 1840, Graham
112-646: The Navy from 1850 to 1852, under President Millard Fillmore . He was the Whig Party nominee for vice-president in 1852 on a ticket with General Winfield Scott . Graham was born at Vesuvius Furnace near Lincolnton, North Carolina , the son of Joseph and Isabella (Davidson) Graham. His Scots-Irish grandfather James Graham (1714–1763) was born in Drumbo , County Down , Northern Ireland and settled in Chester County in
128-544: The Presbyterian Church. The United States Navy ship, USS Graham (DD-192) , the World War II Liberty ship SS William A. Graham , and the city of Graham, North Carolina were all named for him, as was Graham County, North Carolina . Montrose Gardens, located in Hillsborough, North Carolina , is one of Graham's former estates and still features some of the structures Graham and his family had built on
144-690: The Union, he could not present his credentials. From 1867 to 1875, he was a member of the board of trustees of the Peabody Fund , which provided educational assistance to the post- Civil War South . From 1873 to 1875, he was an arbitrator in the boundary line dispute between Virginia and Maryland . He died in Saratoga Springs, New York and is buried in the Old Town Cemetery in Hillsborough, adjacent to
160-599: The four states of Kentucky , Massachusetts , Tennessee , and Vermont . Graham was a member of the North Carolina Senate from 1854 to 1866. In December 1860, James Alexander Hamilton of New York made an abortive appeal to the Pennsylvania presidential electors that they vote for Graham for president as a possible means of preserving the Republic. Although Graham was a Unionist who opposed early secessionist efforts, he eventually voted for secession after Fort Sumter. Graham
176-474: The property. He lived in the Nash-Hooper House at Hillsborough from 1869 until 1875. The house was declared a National Historic Landmark in 1971. One of Graham's sons, also named William A. Graham , became a state legislator and state agriculture commissioner. Two others, Augustus and John, also became politicians, while a daughter, Susan, married Walter Clark . In 1842, John H. Hewitt dedicated
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#1732851606463192-715: The time of the termination of the fund in 1898, about $ 2,500,000 had been distributed. In 1875, the trustees of the Peabody Education Fund founded the Peabody Normal School of the South which promptly became the Peabody Normal College (1875-1911). It was maintained in connection with the University of Nashville and supported by annual donations from the Peabody Education Fund. In 1910 the Peabody College for Teachers
208-408: Was Governor of North Carolina. Having declined appointments as ambassador to Spain and Russia in 1849, he was appointed Secretary of the Navy in the cabinet of President Millard Fillmore in 1850 and served until 1852. In the 1852 presidential election , he was the unsuccessful Whig nominee for vice president as Winfield Scott 's running mate. The ticket only carried 42 electoral votes from
224-654: Was a senator in the Confederate Senate from 1864 to 1865. In April 1865, with the Confederacy near defeat, Graham personally led a delegation that included another former governor, David Swain , to ask Union General William T. Sherman for a truce so that the state's capital, Raleigh, might be spared violence and destruction. Sherman agreed. In 1866 Graham was once again elected to the United States Senate, but because North Carolina had not yet been readmitted to
240-685: Was elected to the United States Senate as a Whig to fill the vacancy created by the resignation of Robert Strange . He served in the Senate from November 25, 1840, to March 3, 1843. In the Twenty-seventh Congress , he was chairman of the Senate Committee on Claims . His older brother, James Graham , had been representing North Carolina in the House since 1833. From 1845 to 1849, Graham
256-433: Was organized. Placed adjacent to Vanderbilt University , the college opened its doors on June 14, 1914 for summer school. In September 1915, four new buildings had been completed at a cost of $ 750,000. The Peabody Education Fund was dissolved in 1914. The Southern Education Foundation , a not-for-profit foundation, was created in 1937 from the Peabody Education Fund and three funds intended to support education for blacks:
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