"Such income to be applied for the education of such colored people as are needy and indigent and such as by their health, strength and vigor of body and mind give indications of efficiency and usefulness in after life.
"Said American Missionary Association and the proper officers thereof, shall have the right, while acting in good faith, to select from time to time such persons from the above described class as are to receive aid from the income of said trust fund, hereby confiding to said Association the selection of such persons as it shall deem most worthy and deserving of such aid, but I would limit the sum of $100 as the largest sum to be expended for any person in any one year from this fund. I impose no restrictions upon said Association as to the manner in which they shall use such income for the education of such colored people, whether by establishing schools for that purpose, and maintaining the same, or by furnishing individual aid; trusting to said Association and the officers thereof the use of such means in the execution of said trust as in their judgment will be most for the advantage of that class of people.
"Said trust fund shall be set apart and at all times known as the 'Daniel Hand Educational Fund for Colored People.' And the said Association shall keep separate accounts of the investment of this fund, and of the income derived therefrom, and of the use to which such income is applied, and shall publish monthly statements of the receipts from said fund, specifying its source, object and intention."
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SUGGESTIONS.
Something to Remember.
Our first thought is for the pastors and churches to whom these words may come. It is this: Remember that the American Missionary Association has not a million of dollars to expend in its work.
It has the yearly income of this great gift as a Trust Fund to be used, not for the work which our churches have taken on, but to do a specific work which would not otherwise be undertaken. The American Missionary Association will carry out the wishes of this large giver in their trust, and the Hand Fund will not be used to supplement the other work committed to the Association.
Do not say then, that we have a million and need nothing. Our execution of a trust to do additional work to the extent of $50,000 a year or more, in no way changes our dependence upon the constituency of the A.M.A. We have no balance whatever at the bank to supplement any lack from the churches. The Hand Fund stands out distinctly committed to its appropriate work. This it will do.
It will, however, make the work to which we are already committed more imperative. We do not believe that the churches will in any degree defeat the purposes of Mr. Hand by devoting less than before to their own work, but that they will rather encourage larger gifts than ever, by an emulation of a like spirit, to be used for the redemption of a race. This is not a Trust Fund to relieve the churches. It is to make their work greater and more effective.