Education: For Young Artificers

"Good apprentices," wrote Benjamin Franklin shortly before his death in 1790, make good citizens." With these words, Franklin set up in Boston one of the earliest of U.S. foundations—a £1.000 fund approximately $5,000) to provide loans : 5% interest to "young married artifiers." It was all very worthy, but there was one hitch. With the gradual disappearance of apprentices, the Franklin Foundation ran out of young artificers to sponsor.

Since Ben Franklin stipulated that a portion of the money could be spent on Public works" after 100 years, the trusses in 1891 turned over...

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