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This item is filmed at the reduction ratio checked below/ Ce document est filmi au taux de reduction indiquA ci-dessous. 10X 14X 18X 22X r 26X 30X J 12X 16X 20X 24X 28X 32X Th« copy fiim«d h«r« has b««n r«produc«d thanks to tha ganarosity of: Library of Parliament and the National Library of Canada. L'axampiaira filmi fut raproduit grica i la gin^rosit* da: La Biblioth^ue du Parlement et la Bibliothdque nationale du Canada. Tha imagaa appaaring hara ara tha bast quality possibia considartng tha condition and iagibility of tha original copy and in icaaping with tha filming contract spacifications. Original copias 'n printad papar eovors am fllmad beginning witii t la front covar and anding on tha last paga with a printad or llluatratad impras- sion, or tha bacK covar whan appropriata. Ail othar original copiaa ara filmad beginning on tha first paga with a printad or illustratad impraa- sion, ind anding on tha laat paga with a printad or illustratad imprasaion. Tha last rccordad frama on aach microficha shall ccntain tha symbol —^(moaning "CON- TINUED"), or tha symbol '7 (meaning "END"), whichever appliaa. Laa imagaa suh/antaa ont ttt raproduitas avac la plus grand soin. compta tenu de la condition at da la nattat* da l'axampiaira film*, at an eonformit* avac las conditions du contrat da flimaga. Laa axempiairea originaux dont la couvarture an papier est imprimis sont filmia an commandant par la premier plat at an tarminant soit par la damiire paga qui comporta une smprainta d'Impreeaion ou d'illustration. soit par la second plat, salon le cas. Tous las sutraa axampiairsa originaux sont fllmte an commandant par la premiere paga qui comporta une amprainta dimpreeaion ou d'illuatration at en tarminant par la darniAre paga qui comporta une telle empreon, the College will hav.', when those jaufls are »r\}r\ l«ATrArkttA_T\T*rv^ii/%iT\«> norvi^ol o ♦*> \»i nf J fine */-»*S;'')/5 OAO .4 This, however, is not all the loss of capital. Daring those 15 yeaiH monion woro from timo to time recjnveii hy the College which ought to have been investoil. The following 1 have aacertaincil : From the Halo of Stukoly lands, during the years 1861-1874 U,m 00 From the sale of Halifax lands'i^ 1,S00 00 Donations to College Endowment in 1872 and IS'^S $677 50 Proceeds of sermons in 1872 and 1873, carried to Endowment account 1,056 65 Profit on sale ©f Cull farm "^H 00 Collected in England by liev. Principal Nicolls, and Mr. Rawson, to replace lost College capi- tal, (£1,000 sterling) 4,866 00 Making a total of §AMJj_A^ Add this to the loss of investments, as above, and the lo.^s amounts to $49,919.65. Tuere must have been more money received during those 15 years for Endowment ; for the report made by Mr. Hene- ker to Corporation in 1860, acknowledges the receipt during the four years 1864-67 alone of monies for investment amounting to $10,246 52. Taking, however, no account of this, it is quite certain that the School has so far cost the College of her endowment, the sum, lacking a fraction, of $50,000, leaving her not quite $17,000. Now, the question is, does this drain upon the College En- dowment still continue, or has the leak been finally stopped? Or, still better, can we accept the assurance that we are now steadily replacing to the credit of the College revenue-pro- ducing capital, something, however small, year by year? Let us look into this important question. In June, 1864, Mr. Heneker presented a report to *'.d Cor- poration showing, for the first time, that there was an alarm- ing deficit in the working of the institution. Immediate and stringent measures were taken to bring the expenditure within the income, among which was the reduction of the College staff in 1866, from three Professors to one. For four years, however, very little progress in the reduction of ex- • There may be some sliglit inaccuracy in thia amount. The baraar informs me that the sum of $1,031.97 ha9 been received from the agent as paymeut of principal, and $615 ait'Vlriich includes principal and Inter- est, but in what proportions the agent did not advise him. I have ven- tured to divide ♦his snra as above, 8 pon'litiiro 'vas made. Tn the spring of 186S, >rr. ifonckrr made jinothci* ropoi't— than which nothing couhi ho moro nblo or wise — showing that the dolicit still eontinuod at a ruinous latu. Tho re[K>rt states that there was an actual decrease in invcstuunts in the lour years l8(J4, lSo5, 18()(> and 1867, of §1(1,023.73, but that tho loss of rovonuo-bearing ca]>itjil in those years was much greater, amounting to ^20,870.25, " the diftercnco $10,246.52 being made up of collections in. England and Canada and land sales." The report estimates that the lo.ss for tho year 4868 would be at tho very least, $3,164, and calls for a special meeting of the Corporation, to ])rovide for tho ditliculty. This admirable report did its work oft'ectuall3\ The Corporation meeting was held, fur- ther reductions were made, and large subscriptio.is lor a term of voars obtained ; so that tho accounts for the yei»r 1869 show a loss of only «J47 1.06, and those of 1870" the trifling loss of only 8140.29. Wo have now reached the end of the year 1870, the close of the first fatal ten years of our financial ^criptions from generous friends. These subscriptions amounted in those two years alone to 82,052. This fempo: rary help began in 1868, and came to an end with the yea- 1872. Well, wo have an apparent profit or saving in the years 1871 and 1872 pf 82,030.98. But what became of this protit? It was spent with more on tho School in enlargement and furniture. Tho ])ayments nwle out of capital for thi;^ pur- pose in 1872 amounted to 82!!n82. It may be said this disposition of tho money was really a good investment, for it was use I to makt^ tho School a better rovenueprodncing concern. Be it so. But in any case tho C/ollego jJtft far benetitteil nothiu'j; hy it. What it sav.d as profit it spent on the School. That mf\v in tho future turn out a good investment. But so far it is an investment v.hich ma I© no return. Down to the end of 1872, we find tho Col- le'^e eaiiital which ouu^htto have be'>n funded stiU h'>in;r c^. pcnded upon" the School. I T .f* T '**. 9 I paps on now to the a(iconnt« of the nolaVtle 3'oar 1873. when , amount to $1,468.16. Over against this however, is to be set the following items of expenditure by the College on account of che School in those two years : Capital expended before tue fire in 1874 $ 14 95 Rent of Morris House ,.....- 229 18 Law-suit anent do. (? say) 25 00 Rent of Gamsby House , 21 00 Rent remitted to Rector oa the score of defi jienoy of accommodation during the period between tearing down of old School-house and taking possessian of new 1500 00 Books and Stationery do 86174 New Furniture for School purchased in 1875* 586 77 Expenditure of capitiii on School repairs, &c,, in 1875 ^. 249 91 Total.... $3,488 55 Thkt is to say, in the two years, 1874 and 1876, the College expended oh the School of its funds, which ought to have keen invested, the sural of $;f,488 55 The profit for those two ysars was. . . ,' 1,468 13 Thus the exeessof expenditure over profit amounts to $2020 39 * TWb item ia perhapn not ptvpfviy chargeable to th« College ; nevcrth?- lefls I feel quite certain tjiat the L'oUege wj'l in the enrt par it. 10 TheRC figures, My Loivl, pr^ve, I think, conclusively that Uio oxpondituro of Collo^o capital has never yet been stopped, notwithstanding the exhibit in the College accounts of a profit every year for the past five years. The profit for the years 1871, '2, '3, '4 and '5, amoanted together to $4,117.2^. The expenditure on the Schools Buildings and in School furniture, &c., for the four latter years, amounted to $7,993.82. It is quite clear, therefore, that down to the end of 1875, College funds, really bftloog- ing to capital, (to the extent of nearly $4,000, in four years,) which ought to have been invested so as to bring m revenue, were still being expended on the school. But, it may bo said, Granting all this, you have not yet proved your case. The loss of the Colle ge Capital cannot bo helped, you must deal with things as they are. The real question is this. Is the School now a source of loss or of profit to the College? It is not " the profit on the year" only that is received from the School, it is the entire rent, i. o. $2 250 a year. You have not yet shown that the College has expended more than this entire sum year by year upon the School Besides it seems obvious that if the profit on the year amounts to only from $600 to $800, and yet the Collogo receives for the School $2,250 a year, the College ipust be spending on itself from $1,450 to $1,050 a year more than its own proper income, and this difference it must be drawing from the School. It would seem, therefore, that without the help of the School, as things are now, the College could not live. Would not therefore the separation of the School fro» the College be simply ruin to the latter? It is quite true. My Loi-d, that I have hitherto taken aceount only of the "profit on the year," my object being to ascertain whither the leak from the College Capital \ii\d as yet ceased. If the expenditure exceeds the ' profit ' it is evident that the leak still continues. . May I remind your Lordship that the 'profit' ^s the,, balance to the good in the account of " Accrued incomo and expenditure?" ' Accrued income ' means the, inq^me. which properly belongs to the year, whether more or loss has been actually received. Your Lordahip will notice thatvtho oft-meptioned ?325(la year forms a principal item m^tku* , account; hnt iha oxcemve experuiiture which I have b0On. setting over against this Profit is not found charged in this account; but is entered, of course, rightly, in the Real EBtato .1 .1 n-.v.u A ^^.,v...,f Vr.in. T.r«fHuhii^ Will nftrooivo that the Accounts for the year may thus show a profit, notwitk- standing that four or five times as much oxpenditiire o( Capital may be foniid in another account. 11 Let ua see, then, how the matter really stands with res- pect to the Rent of $2250 a vear from the School. The School is supposed to pay ull its own expenses, including insurance and repairs of all kinds, and besides to pay the Gollege OS interest on College Capital expended upon it $2250 a year. Let us take the same four last years which we have been oxamining. Eeoeipts from thb School. In 1872, we will grant (though I think it doubt- ' fVil)4ifcat the whole of the Profit came from the School, i, e. , $1232 30 In 1873, The School began to pay rent and paid*. 2250 00 In 1874 and 1875 together it paid $4500 00 Lees $1500 and $861 74 2361 74 2138 26 That is, it paid in all in the four years $5620 56 2. EXPENDITURK OF COLLSQS FUNDS ON THE SCHOOL. 1872 and 1873. On buildings and furniture $4491 74 1874. do before the fire 14 95 1874 and 1875- After the fire, and before the new School Building was occupied 275 18 1875. New Furniture for School not in the accounts 586 77 , •' Expenditure on School Premises in the "'' accounts 249 91 Making a total of. $6618 55 Thus it appears that during those years, the School, so far from actually paying $2250 a year to the College, actually paid two dollars — or in other words— made no return what- ever by way of interest for the $50,000 sunk in it ; but that even if the School had owned the grounds and buildihgs which it occupies, it would have been to the College, during those four last and best years no help whatever. It is (evident therefore that inasmuch as wo depended on this School rent, and spent it le&s the * Profits,' wo really expended, during the last four years, upon the School $4000 of College Capital. But,, it may still be argued, — We are now riiaking a fresh stattj With onr School-buildings complete and paid fbr ;— maj-j -11 , 1 .1 i ■ • i ' 1 . 1 " t ^ .'■•■. ; . ^- ■ ■ ' ■ , \ A t \.-.\ '-■■■ Ml; • In fi*ot the Jkuool paid runt for only half of ihi* yew, hs the arrangef.. , xacut with the Rector ouly began iu September 18T3. 12 we not reasonably expe«t that, with cure uiid prudence in management, we shall receive the School^rent regularly for the futuie? In answer to thisqttOBtion.let mo invito Your Lordship to consider whether the past chronic condition of loss to the College from the School does not necessarily flow from theif present connexion. Given two institutions, independent of one another in o^cry respect except financially, and whoso financial union is of this simple kind that while they both draw from a common limited purse, the one owns the purso and th« other owns nothing, and is not the result obvioue ? Th« one cannot j^ssibly suffer loss, for it has nothing tio lose ; the other cannot but from time to time sufter loss, for 1o*808 wilt come, and upon its purse every loss must fall. Then, add to this another condition : — that the institution which has nothing to lose is large, attractive and popular, the educational homo of the sons of the wealthy and in- iuontial ; — the one which owns the purse, small and riot popularly attractive ;— and add a thim condition, — that the governing body which is entrnsted with the oar^ or the purso, must always feel a greater admiration and revoreneo for tho larger,— and I think there can be no doubt how thfe matter will end. Given limited means and unlimited time, and the end must be bankruptcy . Now, these arc precisely the conditions of the problem before us. Wo require the school to pay us as rent $2,250 a year. The C)rporaiiion has been told again and again that thd Collego must have this rent and cannot do without it. We 2ieed that sum, wo depend upon it and wo spend it. .ff_^in any one year it fail us, wo encroach upon our capital. For example, it failed as in 1874; tho College lost by tho burning of tho School $3,236.74. The playroom was burnt a few weeks ago; that, with tho furniture which was in it, is ft loss to tho College of some S400 or $500. Thus every loss, niisfortuno, misativonturo which happens to tho School falls upon this College capital and diminishes it. Is tho Rector unpopular, or a tailuro ; does small po.x or any other contagious disease break out ; is there a fire ; ««> Ik f* Ik ivitku 1(14-0 ^"vvtl^r 4 r\r\ ^il/^nvl ir 4 m»r\*v\ 4\tj\. ^%\\j^vr^^ 4*<%j-^4 .. and figul'es. It is her one chance of escape from bankruptcy. H Before I leave this head, My Lord, let iwe invite attention for a moment to the bouices from which the College derived hor endowment, of which $50,000 has been spent in this effort to provide a first-olaus public school. It was argued, at the meeting of Corporation in 1874, at which the question of removing the School from Lennoxville was discussed, that the College Endowment, sunk in the School, was well spent and quite in the spirit of the inten- tions of its donors. Now that Endowment was given as follows : — / .* The Society for Promoting Christian Knowledge o!' in 1844 and 1847 £2000 Sterling $ 9733.33 The Society for the Propagation of the Gospel, in 1844 £1000 Sterling 4866.66 Mr. Harrold's gift in 1846 to Bishop Mountain for Church work within his diocese 24000.00 Revd. Principal Nicolls's Clergy Eeserves Com- mutatiop, in 1853 17776.00 Miss Leeds's gift in 1847, £200 sterling 973.33 Subscriptions in England obtained by Principal Nicolls in 1847, and Bishop Ilelmuth in 1849, £2200 sterling 10,706.(^6 Subscriptions in England obtained in 1865,by Prin- cipal Nicolls and Mr. Rawson £1000 sterling.. 4866 .66 Total $72,922.00 To this ought to bo added a considerable sum for the pro- ceeds of Lands' sales ; but as I have been unable to arrive at the amount I pass it by. Besides the above sum of $72,922, a further sum of $10,000 was raised in Canada at the outset for Buildings, the greater part or the whole of which wais the proceeds of the sale of College shares. The sum of $800 was contributed in Lennox- ville and its neighborhood for the purchase of the College site. The whole of the College shares, or nearly the whole, lot me remark in passing, were worked off in College tuition long before the year 1860 ; so that this sum of $10,000 repre- sents profit made by the College during the first fifteen gears of her existence and invested in her own original buildings.* •As an additional proof of the 80>md financial condition of the College previouB to the fatal year i860, I may mention that not only was th6 College then able to pay all her own current expenses and maintaiti her staff oijcur Profeisori (f for seren years, Frofessors of Divinity, Hebrew, Classics and Mathematics, and, afterwards, French substituted for He- brew) ; but for the last three years, 1857—1860, the College paid in addition, out of her own resources (and was able to pay it) the salary of the ilecvor of the School, $1200 a year. «d» 15 However, of these latter sums I take no account in what I nm now going to say. I will also deduct from the $72,922 the last item of £1,000 stg, collected by Dr. Nicolls and Mr. Rawson in 1865, as it was contributed after the school debt was incurred, and there may be some question as to the in- tentions of its donors. But with regard to the romairjing $68,056.00, it is quite certain that the whoio of it was given for the sole and simple object of providing a College educa- tion for the Clergy of this Province. The oducalion which its donors proposed to provide was not to be confined to the Clergy; but the object of its donors in the trust which they created was to provide for the education of a learned Clergy for the Church in Lower Canada for all time. If this is so, there could scarcely be a graver breach of trust than that by which such an endowment was diverted to the object of pro- viding a Grammar School for the education of the sons of well-to-do persons, drawn from all parts of Canada and the Tjnited States. And how must our feelings of disapproval of that diversion of funds bo intonsi/ied when we reflect that the e^ct of the creation of the School has been, as I shall presently show, to shut out the best of the sons of our own church people in the Province for all time to come from the College and from the ranks of the Clergy. My Lord, this loss, for such it is, of $50,000 of our College capital ought to sink deep into the heart of every member of the Corporation of Ei.shop's College. When i recall the thoughts, the feelings, the hopes, with which all or the greater part of that money was consecrated to so high ftn(i religious an object,— the' self-denial and self sacrifice for Christ's sake which it represents; — when I think of that devout layman, Mr. Ilarrold, so humbly and piously giving as a most sacroot* trust to Bishop Mountain^ in whose go"ta'" ^^^^ •;^: vantajjc'it has in the ovcrwhelmm-ly greater numbers of the b ys Snd n the deference which is paid them as being the 8ons of^ he wealthy classes, who will themselves soon be the weaUhy and tlie leading "^^V ?^^ 'Tn iVwo i ItS^^^^ which must ever be paid to the larger of the two institutions. As we m s hope thlt the School will in^fove every year and become mo^ . and more the great English public School ot Ix)wer Canada (and this is what I, lor one and Jo doubt ve all, hope and look forwanl, with pride and confidence that it will more and more become.) I say the more it fulfils oi i hopes aTexpectations, the less reasonable exjef ^ thereof its ever becoming a feeder of the College. Ihat necessary care! caution and watchfulness which must ever b Tede^d aTd i ver be exercised to P-v-t posi ive ^^^^^^^^^^^ hfttwPAn the two— that necessary drawing of strict lines ana of school boy life will be one of alienation from the ColWe course and the College life. And, then, there i8 bellSf: t^mt consideration whfch was so sti^ngly urged here by Mr. Norman when advoca ing early ^" /^f,\Vat ifwas ver^^ tiio Sf'hool from liennoxville. He argued that it^was very undesimble haTa youth should spend the whole of his yearj of Sv at sXol and at College in the same place. He urged ot 8tmt> atr>c^no I ^^^^.^^^^^e to the boy of a change of with grcuL xurv. ;^';^ :-':"-„ ^^ijj,n^e of outward circums- ar'pup }i ehan""© oi society, »i cium-,^ ... j i? • *«i scene, a ( imii„«. ^ i„t„]|pr.timl comnan onship and of intel- sk 19 ^ The iotellectual impulse which ia cfnlned by a 3'onng man JVora findinij himsolfin a now worlcl, where all around him haa the froshneas of novelty, where the miruls ho meets with do not all run in the same groove as the mindpi of those with whom he has boon living as a boy but look at things from a Momewhat diflerent point of view, — this intolleetunl impulse must be acknowledged to l)c, at that period of a youth's life, of incalculable importance. And what l\)llows from this? Why plainly that it is not even to be desired, if we consult the best interests of the boys, that the school should bo a feeder of the College. Jiut now consider the practical eft'ect of this in one most important direction, — 1 moan upon tl;o future " ^ply of Clergy for Lower Canada. Whence is that supply to Oe deriv- ed ? Not from the School - that source is cut off. The boys who are educated in Bishops' College School will not choose the clerical calling. If the inevitable result of their continual contact Avith the College is to lead them to look on it slightingly and with depreciation, that will bo a depreciation of the Clergy and of the clerical calling ; and certainly in that case, from among them the ranks of the Clergy will not be recruited. I beg your Lordship to inquir'^,. how^ many boys from Bishop's College School have g(me into the Ministry of the Church during the last fifteen j-ears? The result of this inquiry will not be reassuring. 1 think you will find that, though a very few have passed througli the School on their destined way to the Ministry, yettlie religious tone and character of the School itself, the religious influence of the School upon the hearts and lives of its boys, and the character and position of the School as Bi.shop's College School, — has not won to the ranks of the Clergy one single recruit. On the contrary 1 believe that it has had the effect of repelling ; and that boys who would under other circum- stances have naturally found their way into the Christian Miaistry, have been turned from it by the unfortunate cir- cumstances of Bishop's College School. But in any case, — not to argue this last point farther, it is confessed on all hands, maintained by the Principal' of the College ana the Rector of the School, that it is vain to expect that the School will ever be a feeder to the College. And what mu!»t be the result of this ? Why evidently to cut off all hopes of recruiUng the ranks of the Clergy from the boys of the School, iint what, my Lord, does this imply ? It implies that the future Clergy will be drawn les«i and iess from the cultivated and eilueated clashes of the country, 20 f.Mm wir.c'h tho ClorL'V of our Diocose have been m largely uMv in orcrwl o wJ can lin.l hi.u, -with none of the "■"■' "" ""•^■\k:: a'w|-^Vct„to o hlrinfluoncing and '^ "' rVrn't'^Z^. t'c'llt!'ut..l, the refined th. T \ tf, y the leadeis ors'oriety suffer themselves to be m- thoushttiil, the leaoeis "'••-'■ ',,. ,,rawn almost excla- ,l„cm-ca,a.lv,se.l '"«l'-":;'fj'^"^„iV,fso not half educated ? ^.i^-;','T, e^lJ rJrh C 'y l tteh-cr;anions, guides and ZUIX, rro/T 51'4S-V;.ial •" Su,^ly to avevt this calaniity is worth T„,.mv^™criti'cc And if the existing close relations of almost an > sai.iiiiti. to soriouslv diminish the two institutions "°"«"»^"'y . r'', ;'ta of our future our hopes ofdraw.ng a ''f >*°''?,VV?"'j," ted in Bishop's Clerg/from those hoys ™ >" "" „^" X the U" t bopoful College Solmol and who must _dways be tie ^^^^ lr?s^:r';.^r;o taife^lv:n.age otti^is opportunity to effect tlieir separation. \„d now in oonclusion, My.Lo.-d,Iwish in the most e„;!;;st terms .omsclaiman^^^ t 21 ever bhowii myself, vvlioii oce.isiou was given, tliu active friend of the School. No one has a higher sense of it.-, im- portance to the ]»resentaiul future wellboing of this counliy. lfindeo