Education: 25 Years After Death

A rich and kindly merchant, who holds steadfastly to his home on Chicago's no longer fashionable South Side, within a few blocks of the densely populated Negro section, dictated a letter ten days ago: Trustees, Julius Rosenwald Fund.

Gentlemen : I am happy to present herewith to the Trustees of the Julius Rosenwald Fund certificate for twenty thousand shares of the stock of Sears, Roebuck and Company. . . .

My experience is that Trustees controlling large funds are not only desirous of conserving principal but often favor adding to it from surplus income. I am not in sympathy with this policy of...

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