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instead-of leaving ajl in one hand , as would be tjie c ^ ae fty fae rule ' s of th $ t institution , by whiqji the iirsi nanje on a joini account was the person recognised as entitled to vote . He therefore moved the resolution in an amended form ; which , after some suggestions from different Deputies , finally was put as follows :
" That this meeting authorizes the investment of a competent part of the funds of this Deputation , in subscribing for ten shares of the University of London , in the names of persons to be nominated as Trustees for t ) ie purpose ; and that it be referred to the Committee to settle tlje most convenient method of such investment . " Mr . Rutt never felt a higher gratification than in seconding this resolution .
No appropriation of a portion of their funds could be devised more consonant to the views and oijects of their institution . Dissenters w , ere most deeply interested in the establishment of the London University . We asserted our right to form and exercise variety of opinion , and nothing was more important than to be able to find a place of education where that right was not interfered with .
Mr . Aid ers Hankey opposed the motion . Though wishing success most cprdially to the London University , he still doubted , on general principles , the propriety of Involving in it any portion of their funds , which he considered appropriated % b different purposes . Those funds he considered intended for the
keeping up of a permanent income for carrying on th , ^ obje cts of the Society , and ought not to be hazarded * He wished to' hear from the Treasurer , as a lawyer , his views as to the propriety and legality of such a measure . Mr . CoiUNssaid , it was bis intention , even if he had not been s ^ o directly called upon , to have submitted a few though on the questions , 1 st , Whether this was
an expedient disposition of t ^ e money ; 2 d , whether it was ' a legitimate application of the funds ; and ' 3 d , whether there were such inconveniences as would render it ; undesirable . As to the first point , he thought it would occasion a deficit ip inconie for generajl purposes for some time at least . He stated the yearly ba
lances for some years to shew tba $ the amount of " the , ' interest of tjhjis money could not conv ' enjienjtlyhav ^ bee n spared . As to the ' second pojnt , tye conjpt $ e 4 that tfre mojtiop dfepar ^ ed fro m the indent Of the ' ^ oujnaer ^ of this fund , wjucn Ije considered a tj ^ st , . The Deputationwap founded to suDpojrt t )> e civil and religious rights of dissenters , and their funtfc mu $ be intended loir tywt purpope . The quefl-
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% wv Xfyen yew , wither ^ he ject in view was embraced by their institution . In his opinion it was not , and the
appropriation to it } oftfye inoney , therefore , would be a . misapplication , and ( though , to he sure , nothing of that , sort wasveuy likely here ) would , strictly speaking , render the Trustees liable in law . In the third place , he thought there were inconveniences attending such an investment that should prevent it . The persqus holding the shares might cease to be Deputies , or might die intestate , and great trouble and expense might ensue . to
Mr . Bb ^ tley was surprised hear it asserted , that . it woujd ^ e illegal to dispose of the fund in the hands of the Deputies ,, to any object which they should decide to be for the protection and exten ti on of the rights and interests of Dissenters . He had himself brought consi derable contributions to the fund , and was confident that all intended them to
be applied as tjhe Deputies thought proper in the furtherance of their interests . Was there any one object , except the Repeal of the Test and Corporation Acts , of mare vital importance jo Dissenters , than to redress tjie proscription to which they are liable , in the means of education , on
account of opinion ? pven supposing this vote should cripple tfair present funds , could i ^ e re Ije $ « y difficulty in getting more ? rthey had p ipety-eignt congregations connected wi , tb tbem , and if each sent only a sovereign a-year , it would repay i , t threefold . Mr . Waymovth contended , that the
object of the Deputation being the pro * tection and extension of the . civil rights and jjnjerests o | Dissenters , it inqst be competent to the meeting to say what is or is not a fight or interest to be protected pr exuded . If tbey were not to decide ^ liat question , who should . * U was * a iner ^ . ques ^ ipn of discretion , which no one could doubt was entrusted to
them , and which they were to exercise and determine as they saw fit . As to the diminution of income , even that was not clear , for though ait present tfo / e shares would pay no interest , they might rear sonably J > e expected to dp so hereajfteij . The snares being vested in Trustees , there could be no more difficulty in . transferring and dealing witji them ^ an there was as to the stock npw heW .
Mr . VVILE 3 ^ vas still decidedly opposed to ^ lie n > 9 ^ on . Their equal rights wer * , no (^ piibt , invaded by the arbitrary sya < - tem oi t ^ e tf myersjltiesi but on that very account he withheld W concurrence in such a baft measure , jas itHs . Hfi described toe feeUpgs wh ^ cb always agitated bis bre , a 9 t on refl § ct ^ ng that they were di > bajci e 4 fr pm ^ tering the academic grovca ,
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fatelligence . r ? Thf figg ^ ttys . ^ g 9
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Citation
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Monthly Repository (1806-1838) and Unitarian Chronicle (1832-1833), March 2, 1827, page 229, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/mruc/issues/vm2-ncseproduct1794/page/69/
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