Allow me to state that Gerrit Smith Esqr., a Gentleman of the State of New York, has recently sent us a donation of $100 & offered to increase it to $1000 to be paid, one hundred annually, for ten years, in case one hundred other individuals will consent to subscribe cash the same amount. Our Board think it exceedingly important that something should be done to further the project of Mr. Smith, at our Annual Meeting, & have authorized me to submit the subject to the charitable consideration of several distinguished Gentlemen.