in America, consider them greater than those which are to be encountered in crossing the Atlantick to Europe. "But, while the very existence of the Protestant Episcopal Church westward of the Alleghany mountains thus absolutely requires the means of educating on the spot young men for the ministry, Bishop Chase has manifested the utmost anxiety to preserve the authority of the House of Bishops, and the just and salutary control of the General Theological Seminary; as will appear by the following extract from the deed of constitution, signed by him in November, 1823, as the basis of all donations, viz. "That all acts and proceedings of the said school or Theological Seminary shall for ever be in conformity to the doctrine, discipline, constitution, and canons of the Protestant Episcopal Church in the United States of America, and to the course of study prescribed, or to be prescribed, by the bishops of said Church; and, on proper evidence of a default thereof, that the Right Rev. the Bishops of the said American Church, or a majority of them, as a committee of the incorporated institution of the General Theological Seminary of the said church, in the city of New York, or elsewhere, shall have power to institute an inquiry at law, and to see that the will and intentions of the founders and donors of the said school or Theological Seminary in Ohio be fulfilled.” ” The address concludes as follows: "Under these circumstances, and being convinced that the strictest conformity to the constitution and canons of the church, and the most scrupulous regard to the unity of that church, has characterized Bishop Chase's proposal, the undersigned cannot but applaud the undertaking, and heartily recommend it to the support of all who sympathize with their fellow Christians, destitute of the blessings attending the appointed means of grace, and are grateful to God for their own spiritual privileges in this highly favoured country." With such security for the proper direction of the proposed institu tion, however we might wish it to have been a branch of the General Theological Seminary, we cannot but rejoice at the success which has attended Bishop Chase's mission. His design received the sanction of both the Archbishops and of many of the Bishops and other distinguished members of the Church of England. He received also a large amount in contributions of money and books; and agents are still em. ployed in making farther collections, to be remitted to him. We are not informed of the full amount received. In a list of contributors appended to the address from which we have made the preceding extracts, which was published several months previous to Bishop Chase's return, we observe a subscription by the Countess of Rosse of £400 sterling, Rev. Mr. Rogers £200, Bishop of Durham £100, and very many of £50 and smaller sums. The value of the subscriptions mentioned in this list is not much less than 20,000 dollars. There is another point of view, in which we regard the success of Bishop Chase's application with much satisfaction, aside from the consideration of the benefits conferred directly upon the proposed institu tion, and upon the Church in this country. There are those, both in England, and in this country, and some of them men of talent and influence, who seem to take an ill-natured delight in endeavouring to stir up unkindly feelings and unworthy passions among us. Now so long as we can see the great and the good in both nations thus ready to co-operate in the same good work, as fellow Christians, members of the same Church, servants of the same divine Master, we have little to fear from the misdirected efforts of those who would excite unhal lowed jealousies among us, however elevated their station, or powerful their talents. THE annual meeting of the Trustees of the General Theological Seminary of the Protestant Episcopal Church in the United States, was held in the city of New York from the 27th to the 30th of July last. The examination of the students took place on the 28th and 29th, and the annual commencement on the 30th, The exercises were highly creditable to the professors and students and gave great satisfaction to the large number of clerical and lay gentlemen who attended from the different dioceses of Massachusetts, Rhode Island, Connecticut, New York, New Jersey, Pennsylvania, Maryland, North and South Carolina, and Georgia. We have just received "An abstract of the proceedings of the board of Trustees" of the Seminary, from which we make the following extracts containing the principal matters recorded on the minutes of the board. There were present, the Right Rev. Bishop White, Bishop Kemp, Bishop Croes, and Bishop Brownell. The Reverend Dr. Jarvis, Mr. Crocker, Mr. Croswell, Dr. Harris, Dr. Milnor, Mr. Berrian, Dr. Lyell, Mr. Creighton, Dr. Wainright, Mr. M'Vickar, John Croes, jun. Mr. Kemper, Mr. Montgomery, Mr. Bedell, Mr. Boyd, Mr. Henshaw, and the Secretary-T. L. Ogden, Esq. J. Lawrence, Esq. David S. Jones, Esq. H. M Farlan, Esq. E. R. Jones, Esq. Stephen Warren, Esq. Peter Kean, Esq. John B. Eccleston, Esq. and Jacob Lorillard, Esq. The Finance Committee submitted the following annual report, together with the account current of the Treasurer, viz. The Finance Committee of the General Theological Seminary of the Protestant Episcopal Church in the United States, in compliance with the Statutes, beg leave to lay before the Trustees the following statement of the funds of the Seminary. The Permanent Fund consists of 200 Mechanics' Bank shares, the par value of which is 30 Franklin Fire Insurance Company shares A certificate of United States 6 per. cent. stock 5,000 00 1,500 00 3,700 00 12,050 00 38,800 00 Loans on notes of individuals, secured by transfers of stock 19,265 05 The Scholarships are, The "Warren," endowed with the sum of The "Bishop White," ditto The "North-Carolina Fund," of which there have been received into the Treasury And there remains in the Bank of Newbern, to be drawn for 2,500 00 2,200 00 1,789 40 908 00 -2,697 40 Of the above sum of 7,197 dollars and 40 cents, 6,119 dollars and 40 cents have been loaned on stock, until a more permanent investment can be made. The ordinary expenditures of the Seminary are, Salaries to the Professors Salaries to the Librarians Salary to the Janitor Rent of the house occupied by the students Annual allowance to four scholars, in lieu of Professor M'Donald's salary of 300 dollars, provided the contemplated arrangement with the Branch School at Geneva is effected 3,750 00 100 00 150 00 500 00 400 00 Incidental expenses 400 00 5,300 00 From which deducting the interest on the permanent fund of 80,315 dollars, at 6 per cent. 4,818 90 Leaves an annual deficiency of $ 481 10 To meet this deficiency there are subscriptions in the city of New-York, payable in 1824 Subscriptions yet unpaid, In the State of New-York, (exclusive of the city) In the State of Maryland In the State of South-Carolina 2,344 00 539 00 1,637 00 150 00 $ 4,670 00 For a detailed statement of the expenditures of the past year, the committee beg leave to refer to the accompanying account current of the Treasurer, which exhibits a balance in favour of the Seminary of 812 dollars and 80 cents, that may be applied to the payment of the current expenses that fall due on the first of August. The Committee experience great satisfaction in reporting, an increase of the Permanent Fund; which is owing in a great measure to the exertions of the Rev. Robert B. Croes, who has for some time been acting as Agent for the Seminary; and the expectation is indulg ed, that should they have the advantage of the zeal and activity of the Rev. Mr. Croes, and other faithful agents, for some time longer, sufficient funds will be procured to supply all the wants of the Seminary. All which is respectfully submitted, ISAAC LAWRENCE, The account current of the Treasurer [of which the following is a summary] exhibits the following receipts into the Treasury during Collected by the Rev. R. B. Croes* 3,798 66 Do. by the Rev William Creighton, from mem- 750 00 Do. by Thomas S. Townsend, from members of 775 00 Do. by the Rev. Dr. John C. Rudd 200 00 Do. by Edward R. Jones, from members of Grace Church, New-York 2,875 00 Do. by Henry M'Farlan, from members of Trinity 1,090 00 Interest and dividends on capital invested 2,331 56 Bishop Hobart's draft on the Rev. H. H. Norris, of London 946 67 Rev. Dr. Milnor's second instalment 100 00 We understand that the whole amount received by the collector from the 1st of October 1823, to the 1st of August, 1824, including 1400 dollars collected for the N. Carolina fund, was about $6000. Besides this, he received subscriptions, payable for the most part in the course of a year, to the amount of 5000 dollars.-Editor Gospel Advocate. Brought forward Books for the Seminary and Branch School Two quarters' rent of house occupied by students 4290 75 190 20 250 00 38 05 21 24 15 00 60 00 20 00 Advertising Printing when Bishop Brownell collected in Baltimore Drawing and recording assignment of T. Rich's mortgage Invested in bonds of individuals, secured by mortgage of 11 31 106 16 38,800 00 Leaving a balance in the Treasury of Composed of, cash in Manhattan Bank W. F. & S. Mott's acceptance, payable 6-9th August count 18,505 60 $62,308 31 812 80 602 80 100 00 110 00 Whereupon it was resolved, that the said account be referred to the Standing Committee, to be examined and audited. On motion of Mr. Eccleston, seconded by the Rev. J. Croes, jun. resolved, that this board approve of the proceedings of the Standing Committee, in passing and authenticating the resolution on its minutes, which they requested the Right Rev. Bishop Hobart to take with him, and use in England. The minutes of the Standing Committee, in relation to the subject of abolishing the Branch School at Geneva, and the instrument of re◄ nunciation on the part of persons interested therein, with the other papers therein referred to, were laid before the Board, and considered: Whereupon, on motion of Bishop Kemp, seconded by Bishop Brownell, the following preamble and resolutions were passed by this Board: Whereas, the Trustees of the Geneva Academy; the Standing Committee of the Trustees of the said Academy, authorized and empowered to take all necessary and proper steps for procuring funds for the permanent endowment of the proposed College at Geneva; the Rector, Wardens, and Vestrymen, of Trinity Church, Geneva; the Rev. Orin Clark, Rector of Trinity Church, Geneva, and Professor in the Branch Theological School at Geneva; and the Rev. Daniel M'Donald, Principal of the said Geneva Academy, and Professor in the said Branch School-as well for themselves, as for and on behalf of the said proposed College at Geneva, the said Trinity Church at Geneva, and the said Branch School at Geneva; as also for and in behalf of all persons interested in the said Academy, in the said pros |