The Trustees propose to raise the sum of _fifty thousand dollars_. This is not too large a beginning. Of this sum the Hawaiian government engages to give ten thousand dollars, or one fifth part; on condition that the remaining forty thousand dollars be raised before July 6, 1858, and that the King have the right of nominating two of the twelve trustees of the College. The Prudential Committee have voted to subscribe five thousand dollars towards the endowment, on behalf of the American Board, payable in the year 1858. It should be understood that, excepting the duty of approval or disapproval in respect to the election of members on the Board of Trustees, laid upon the American Board by the Charter for the space of twenty years, that Board has no connection whatever with the College, or control of its proceedings. The College is an independent institution, sustaining no other relation to the Board, than it does to every other benefactor. * * * * * The Colleges of New England had generally some benevolent patron provided for them by Divine Providence;--a Harvard, a Yale, a Dartmouth, a Brown, a Bowdoin, a Williams; and the Colleges very properly took and embalmed their names in memory of an enlightened and refined Christian community. These provided the general endowment. Many liberal men also funded particular professorships; or gave funds for the education of young men of talents and character, without the means of obtaining a liberal education. May the Lord raise up such benefactors for the Oahu College. That has grown, as the New England Colleges did, out of a great religious movement and the wonderful blessing of God on that movement. It has a religious object, and is controlled by a religious influence. The funds have every practicable guard from perversion. The permanent necessity for such an institution is apparent in the certainty of a permanent, rising, influential community on those admirably situated Islands. The independence of the Hawaiian Nation,--which, under present circumstances, is most favorable to its development,--is guaranteed by the United States, Great Britain and France; and the presumption of its falling under the dominion of a power foreign to us, is too small to deserve notice; and the influence of the College itself, as already described, will be one of the most effectual guards against such a result. There is not a finer climate in all the world. Were it true, that the native population is still wasting away, the effect of corrupt commerce in old heathen times, still greater would be the need of such an institution. A flourishing community of some kind at the Sandwich Islands, then certainly will be; and the religious influences now at the Islands will be as available for that community, as hereafter developed, with whatever elements, as it will be for the one now existing.