Colby Bicentennial Seal 1813-1863

Jan. 10, 1853

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The Board decided to raise $20,000, $12,000 for endowment of a new professorship, and eight thousand dollars of which shall be a fund, the income of which shall be appropriated towards paying the term bills of such indigent students as the faculty of the college may select. Subscriptions of $500 or more will constitute a scholarship, to receive the name designated by the donor.