$39
it will probably be worth double that. We could sell it then, Guild equally good, or perhaps a better school for our children with part of the money, and have a handsome sum available for the general purposes of the mission, our new Cathedral.
(4) If I accept this Building grant of $5000 on the terms proposed, I have to part with this property forever; to transfer it to Trustees to be inalienably devoted to a special purpose. I deprive my successors of a valuable resource. Is it right to ask me to assign over a property worth $40,000 in consideration of the receipt of $5000?
(5) I respectfully submit for the consideration of the Secretary of State that the amount offered by way of Building Grant is wholly inadequate, even supposing that there were no other difficulties in the way.
(6) But there are other difficulties, and very grave ones. I am advised that if I transfer St. Joseph's College to Trustees to be maintained forever as a public school (as I understand the scheme "must do" if it deserves the customary aid) that it would be absolutely...