Word: refundability
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Dates: during 1879-1879
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...spent for educational purposes approved by some designated officer of the college. Recipients might be required to sign some such paper as the following, devised by the late Mr. Hodges: "Although this beneficence is unconditional, I hereby signify my intention, if I should be pecuniarily prosperous in life, to refund, in part or fully, to the above named scholarship, the benefaction awarded me." Such conditions, if it were thought best to insist upon them, would reduce to a minimum the disadvantages of a course of procedure of which the general results would be gratifying. Men of competent means would...