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Thompson, Holland, 1873-1940

"The New South A Chronicle of Social and Industrial Evolution"

Yet the whole tone of college life was serious. There
were no organized college athletics, no musical or dramatic clubs, no
other outside activities such as those to which the student of today
devotes so much of his attention, except, of course, the "literary
societies" for practice in declamation and debating.
Though many towns established graded schools before 1890 by means of
special taxes, the condition of rural education at this time was
disheartening. The percentage of negro illiteracy was falling, because
it could not easily be raised, but the reduction of white illiteracy was
slow. The school terms were still short, and many of the school
buildings were unfit for human occupation. On the other hand, the
quality of the teachers was improving. The short term of the schools was
being lengthened by private subscription in some districts, and new and
adequate buildings appeared in others. Progress was evidently being
made, even if it was not obtrusive, and in that progress one of the
leading factors was the Peabody Fund.
In 1867 George Peabody, a native of Massachusetts but then a banker of
London, who had laid the foundation of his fortune in Baltimore, placed
in the hands of trustees $2,100,000 in securities to be used for the
encouragement of education in the Southern States. The Fund was
increased to $3,500,000 in 1869, though a considerable part consisted of
bonds of Mississippi and Florida which those States refused to recognize
as valid obligations.


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