DEBT TO RHODES

Evening Post, Volume CVI, Issue 52, 10 September 1928, Page 8

DEBT TO RHODES

AMERICA AND OXFORD ENDOWMENT BY SCHOLARS (From "The Post's" Reprtwntatlw.) NEW YORK, Bth August. The Association of American Buodes Scholars lias delivered to the Bank of Manhattan, the oldest bank in the United States, a trust deed, which is to lay the foundation of an American endowment for the ancient British seat of learning at Oxford, where they have been educated through the gift of the late Cecil Rhodes. There are now between COO and 700 Khodes scholars in the United States. Their association hopes to be joined in its efforts by those who feel that American higher education has benefited from the traditions of Oxford, by American descendants of Oxford men, and. by others interested in close union between the two English-speaking peoples. At a recent meeting of the Harvard Club, a permanent Rhodes Scholars' Alumni Association was organised, and the trust was approved. The income from the endowment, will be devoted to the establishment of scholarships, exchange professorships, purchase of land and erection of buildings, contributions to special funds, and possibly to supplement the payment by the Rhodes Trust to future Rhodes scholars, which was recently raised from £300 to £400. A modem feature of the new trust is provision for insuring the lives of Rhodes scholars. An effort will be made to have on hand, twenty-fivo years hence, a sub-* stantial sum to commemorate the centenary of the birth of Cecil Rhodes. It is interesting to note that the forebears of two prominent Americans living when the bank was founded in 1799 —George Washington and John Adams —were Oxford men. Lawrence Washington, great-great-grandfathor of the first President of the United States, entered Brasenoso College, Oxford, in 1619; thirty years later Thomas Adanis, great-grandfather of President Adams, entered the same college. President Adams was at the White House when the Bank of Manhattan began business.