Box 4

Scope and Contents From the Collection: To raise money with which to establish and fund their educational enterprise, Northwestern University’s founders and early trustees authorized in 1853 the sale of scholarship bonds, payable in installments for a total price of $100 each. Religious ministers and the orphaned children of ministers received a discounted price of $50 for the purchase of their bonds. Purchased bonds could be redeemed either for perpetual or transferable scholarships. Such scholarships could be used to send a...