From Rev. Dr. Smith, the annual collection of the church Dollars. 16.00 of Princeton; and for one copy of Confeffion of Faith; I Making with the above balance; 693 65 And he has paid by order of the Affembly for miffion ary and other purposes; 800 34 So that the treasurer has advanced on account of this fund on the 14th day of June 1803. 106 69 PERMANENT FUND. There has been paid into this fund, in the courfe of the year. By Rev. Nathanael Irwin, agent, 266 56 Rev. Dr. Cooper, do, 16 44 Jofeph Clark, do. 73.50 Ditto. do. a donation from a gentleman, Rev. Simon Hofack in behalf of Presbytery of Al Rev. John Clark, from church of Franklin, 11 19 and from Fishkill 19, 1577 49 Rev. Nathan Kerr, of the Presbytery of Hudson, Received of the executors of Mrs, Donnell a legacy, N. B. Since June 1ft, 1803, the treafurer has received of Rey. Mofes Hoge, agent. The whole of the above fum has been invested in stocks on account of this fund, and 19 38 overpaid by the treasurer, June 14th, 1803. Lift of Socks belonging to the Permanent Fund. Two fhares of Bank Pennsylvania. 800 at 9 per cent. do. Nominal amount of stock 14500 Annual interest. The honourable Dr. Elias Boudinot has granted to the corporation by indenture, ten thousand acres of land in North Carolina; for the pious ufes in the indenture mentioned. For the payment of the taxes on faid land, Dr. 55 50 1.632.99 ·784 00 132 00 102 00 72 00 1090 co Dollars. Boudinot also gave 400 dolls. of the 8 per cent. ftock of the United States. June 1ft, 1802 balance of the interest of the stock in hand this day, June 14th, 1803, add one years interest on ditto. Deduct paid taxes of 1801, Balance of this fund in treasurer's hand, 23 92 32 00 This land, and the refidue of the stock, after fatisfying the taxes theron, is to be regarded as a part of the permanent fund. When the General Affembly fought a charter of incorporation, it was in order that they might be enabled to hold securely any property committed to their truft, for pious uses, and to render the fame productive. A charter has been obtained, founded on liberal principles and guarded against abuse. It binds the members of the corporation to give their fervices without fee or reward; and to apply donations to the uses prescribed by the donors, under the direction and controul of the General Affembly. Pious perfons will be pleased to find that there is a way, in which they may, in life, or at death, devote to God, a part of the wealth he has entrusted to their stewardship; and to be affured that it will be held fecurely by a legal and permanent body, whose very funds will depend on a faithful administration thereof; and that it will, for ages to come, be applied to any purpose of piety or charity, which they may prefer: To gratify fuch, and prevent a disappointment of their laudable defigns; the proper form of a devise or bequest, by laft will, is fubjoined, viz. To the Trustees of the General Affembly, of the Presbyterian church, in the United States of America, and to their fucceffors and affigns, I give devife and bequeath the fum of (or a certain meffuage and tract of land &c. as the cafe may be); to be added to their permanent fund, and applied to the general ufes of that fund, under the direction of the faid Affembly, (or to be applied toward spreading the gofpel on the frontiers of the United States-or, toward civilizing and instructing, in arts and religion, the Indians of North America, under the direction of faid Affembly; and to no other ufe, intent or purpose whatever): Ac cording as the pleasure of the teftator fhall be; Who may designate any other purpose of piety or charity. Glad Tidings. OR AN ACCOUNT. OF THE STATE OF RELIGION, WITHIN THE BOUNDS OF THE GENERAL ASSEMBLY OF THE PRESBYTERIAN CHURCH IN THE UNITED STATES OF AMERICA; AND IN OTHER PARTS OF THE WORLD. TAKEN FROM THE REPORTS OF THEIR MEMBERS, AND THEIR COMMITTEE OF MISSIONS; PUBLISHED BY THE SAID COMMITTEE, WITH THE APPROBATION OF THE GENERAL ASSEMBLY FOR THE INFORMA TION OF THE PEOPLE UNDER Lo! I am with you always, even unto the end of the world. Philadelphia: FROM THE PRESS OF THE LATE R. AITKEN, PRINTED BY JANE AITKEN, No. 20, NORTH THIRE STREET. 1804. |