Ashbury College - Ashburian Yearbook (Ottawa, Ontario Canada)

Page 14 text:

4 THE ASHBURIAN All educational Institutions that have attained to national importance have been assisted by the financial generosity of those who wish them well. Some of the great schools of to-day in Can- ada and in other parts of the English-speaking world owe their endowments, their new buildings, their increased facilities for sports, their scientific equipments etc., very largely to the gifts of individual supporters. It is believed that the future of Ash- bury will show that she is not, in this respect, behind other in- stitutions, and that now she is on a firm basis as a Trust Foun- dation, ' ' other supporters, who have been blessed with worldly wealth, will follow the generous example set by Mr. J. B. Fraser and by those others whose names appear in the sub-joined list, and will still further promote the growth and efficiency of the School by from time to time donating additions and improve- ments. Ashbury has sent a very large proportion of her Old Boys to the front, and of these many have given their lives for their Empire ' s safety. To any Parents who are thinking of a Memo- rial for their fallen sons, it is suggested that an additional building or some new equipment for the School would serve to keep their sons ' memory constantly before the Ashbury boys, and would at the same time increase for other boys the efficiency of that train- ing which helped to mould a young life that did such great things. H.M. © © © LIST OF FOUNDERS. His Excellency The Duke of Devonshire Ottawa. T. Ahearn, Esq Ottawa. J. Roberts Allen, Esq Ottawa. D. Forbes-Angus, Esq Montreal. Mrs. Ami Ottawa. Estate of the Late Sir Henry Bate Ottawa. Mrs. F. A. Bate Ottawa. F. N. Beardmore, Esq. Montreal. Geo. F. Benson, Esq Montreal. Mrs. Robert Blackburn Ottawa. J. R. Booth, Esq Ottawa. The Hon. George Bryson Fort Coulonge, P.Q. J. F. Burstall, Esq Quebec.

Page 13 text:

THE ASHBURIAN 3 the same time to meet its heavy current expenses, and particu- larly so if it was to maintain its high standard of efficiency. Consequently some two years ago the directors decided to adopt the plan already carried out by several well-known educational institutions in Canada and to induce the Bond and Stock holders to surrender their holdings as revenue producing investments and allow them to become the Capital of a Trust Foundation. An appeal therefore, was made to all the Bond and Stock holders in the Company, with the result that 90 per cent of them willingly surrendered their holdings and agreed to become Founders of the School under the new constitution. In order to buy out (not of course at par value) the interests of those who for certain reasons were unable to surrender their holdings, and at the same time to wipe out all indebtedness on the capital account of the school, a Foundation Fund was insti- tuted, and donations were asked from those supporters of the School who were not already Bond or Stock holders. To this Fund a number of very generous donations were made; and when some two or three thousand dollars are added to it, the whole of the financial liabilities of Ashbury will be wiped off the slate. All donors to this Fund become Founders of the School and have the same privileges as the late Bond and Share holders. Mr. J. B. Fraser has most generously donated to the Fund a sum that practically clears off the debt owed to him by the School. Counting in his surrendered Bonds and Stock his gift to the School amounts to over $50,000. The necessary legal details are now very nearly completed, and the School has now been placed upon a foundation on which ca n be built up a really efficient and permanent Institution. Under the new Constitution the interests of the School will be controlled by a Board of Governors who will be elected by the general body of Founders . A provision has been made in the new charter whereby in the event of Ashbury going out of existence as an educational Institution, its assets shall be divided among the Founders or their heirs in proportion to the various amounts they have sub- scribed or donated. Donors therefore, whether past or future, are by this clause assured that their gifts will be devoted to the cause of education, or will be returned to themselves or to their heirs-at-law.

Page 15 text:

THE ASHBURIAN 6 Sir George Burn Ottawa. F. W. Carling, Esq Ottawa. Estate of the late C. C. Codville Winnipeg. Robert M. Cox, Esq Ottawa. Estate of the late R. J. Devlin Ottawa. L. V. de Bury, Esq Montreal. George Drummond, Esq Montreal. The Hon. W. C. Edwards Ottawa. Gordon C. Edwards, Esq Ottawa. Sir Henry Egan Ottawa. Alfred B. Evans, Esq Montreal. J. B. Eraser, Esq Ottawa. Estate of the late W. H. A. Eraser, Esq. Ottawa. Mrs. Gibbs , Buckingham, P.Q. Harold Hampson, Esq Montreal. Col. Harold Henderson Ottawa. F. W. Heney, Esq Ottawa. W. C. Hughson, Esq Ottawa. Col. Irwin Ottawa. J. F. Irvin, Esq. Ottawa. J. A. Jackson, Esq Ottawa. E. A. Larmonth, Esq. Ottawa. Albert MacLaren, Esq Buckingham, P.Q. Mrs. D. McMahon Ottawa. Estate of the late J. Manuel Ottawa. D. McLachlin, Esq Arnprior, Ont. Estate of the late Claude McLachlin Arnprior, Ont. Sir Andrew MacPhail Montreal. Geo. H. Millen, Esq Ottawa. Kenneth Molson, Esq Montreal. R. S. Morris, Esq Hamilton, Ont. E. L. Newcombe, Esq., K.C Ottawa. J. F. Orde, Esq., K.C Ottawa. Sir George Perley London, Eng. Charles E. Read, Esq Ottawa. Carl. Riordon, Esq Montreal. P. D. Ross, Esq Ottawa. Estate of the late W. H. Rowley Ottawa. R. V. Sinclair, Esq Ottawa. Warren Y. Soper, Esq Ottawa. Miss Wicksteed Ottawa. Mrs. T. L. Wilson New York.