Chesapeake Female College.
--A letter from
Hampton appeared in the
Dispatch a few days since, in which an allusion was made to a law suit concerning that institution.
A gentleman writing from
Portsmouth, sends us the following correction of the statement:
‘
The suit at law referred to was not instituted against "the parties who purchased" the property.
It was not necessary to coerce them.
They have been anxious to make payment.
The tender of it has been refused.
A large portion, if not all, or indeed more than all the purchased money has been on deposit in our Savings
Banks at 5 per cent., while they are required to pay on their bond 6 per cent.
’
The truth is, the trustees (
Messrs. Mallory and
Hendren,) instituted the suit for their own protection. "The resident trustees" did not have the wisdom to manage the affairs of the concern in such a manner as to save it from failure and complication.
Such a complication existed as required the wisdom and the authority of the
Court to secure an adjustment of the claims and decree an equitable and legal distribution of the assets.
"The parties who purchased," are gentlemen of large means.
It was because of this fact that all eyes were turned to them as the only party who would save the property from being sacrificed.
To them it is due that it has "approximated its value," to an extent beyond what could have been realized from any other source.
Since its purchase they have expended upon it nearly, or quite, $10,000. They have succeeded in establishing a school of the highest order.
The facilities they have procured are unlimited.
An intelligent public recognizes the high character of this institution, and yield to it a liberal patronage, as it numbers for the present session 66 boarding pupils.
