10. It is of great importance that this habit of keeping full accounts should be commenced at the beginning, and should be steadily persevered in.

11. Near the close of the quarter, the various items should be added together, and the sums placed in the proper columns, on a schedule, or blank form, similar to the one printed on page 13 of this Report. All these statements should be made in their proper places, and be written in a fair hand. 12. If a young man wishes to make particular explanations about his own case, let him write to the Secretary.

13. If a young man expects to be absent at the time the schedule is to be circulated, he should by all means leave his account with a friend, and authorize him to place it on the schedule.

14. In all other cases, the individual should write his name, and place his accounts on the schedule with his own hand.

15. Every individual, assisted by the Society, is expected to connect himself with some regularly established institution of learning, either a public grammar school, an academy, college, or theological seminary.

16. Whenever a young man removes from the Parent Society to a Branch Society, as from Massachusetts to Connecticut, or from one Branch to another, as from Maine to New Hampshire, or from one seminary to another, in the same State, he should carry with him the letter which notified him as being received by the American Education Society; and, also, a letter of dismission and recommendation from his former instructor, to the one to whom he is going. In case he neglects to procure a dismission from his instructor, he must procure the approbation of the Board of Directors of the Parent Society, or if he be within the limits of a Branch, of the Direc

tors of that Branch.

17. Whenever a young man fails to report himself, by returning a regular schedule, twice in succession, without giving proper explanation of the omission, he shall be liable to be re-examined, according to the discretion of the Directors.

18. Whenever a young man intends to leave his studies for any length of time, he should give notice of it to the Directors of the Parent Society, or of a Branch, if he lives within the limits of a Branch.

19. Whenever a note is given, all the preceding notes in the hands of the Agent should be taken up, and brought into one.

20. Whenever the time for transmitting the schedule, or making returns, occurs in the interval between leaving one institution and joining another, as from a college to a theological seminary, three things are to be observed: First. A schedule, or statement of receipts and expenses, and a request for another grant for the quarter thus intervening, should be left with the agent, or instructor of the institution, which the young man leaves.

Secondly. It should be mentioned against the name of each applicant, where he wishes to have the expected appropriation sent, or deposited.

Thirdly. In case the appropriation is to be placed in the hands of the former agent, the young man should give his note for the anticipated appropriation before he leaves the institution, and receive from the agent his certificate that the note has been given; this certificate must be handed to the agent of the new institution, and to be mentioned by him on the next schedule. He must, in all cases, take with him a certificate of his note for his last grant.

21. Whenever a young man wishes for a regular dismission from the Society, he should transmit his request to the Secretary, having first given one note for all which he owes to the Society.

ACT OF INCORPORATION.

COMMONWEALTH OF MASSACHUSETTS.

IN THE YEAR OF OUR LORD ONE THOUSAND EIGHT HUNDRED AND SIXTEEN.

An act to incorporate the American Education Society.

Section 1. Be it enacted by the Senate and House of Representatives, in General Court assembled, and by the authority of the same, that William Phillips, Samuel Salisbury, Eliphalet Pearson, William Reed, Joshua Bates, Asa Eaton, Samuel H. Walley, and Aaron P. Cleveland, together with those who have associated, and who may hereafter associate with them, be and are hereby incorporated and made a body politic, by the name of THE AMERICAN EDUCATION SOCIETY. And the Society aforesaid shall have perpetual succession, and may have a common Seal, which it shall be lawful for them to alter at pleasure; and may purchase and receive, by gift or devise, lands, tenements, and real estate of any kind, and the same hold in fee simple, or less estate, the annual income and profits whereof shall not exceed the value of ten thousand dollars. And the said Society is hereby enabled to take and receive subscriptions of charitably disposed persons, and may take any personal estate in succession; and all donations to the Society, either by subscription, legacy, or otherwise, (excepting such as shall be differently appropriated by the donors, or by a vote of the Society, agreeably to their Constitution,) shall make a part or be put into the capital stock of the Society, which shall be put out on interest on good security, or otherwise improved to the best advantage, and the income or profits applied to the purpose of aiding indigent young men of talents and hopeful piety in acquiring a learned and competent education for the Gospel Ministry.

Section 2. Be it further enacted, that the said Society may choose a President, Vice President, Clerk, Treasurer, and such other officers as they shall see fit; and may at their first meeting under this incorporation, by the vote of two thirds of the members present at said meeting, adopt such Constitution or system of Rules and By-laws, as they shall think necessary for the orderly conducting and executing the business of said Society, and for the most effectually securing the object of their institution; which Constitution or system of Rules and By-laws shall be for the government of said Society, and shall not be altered at any subsequent meeting, but in the manner therein pointed out: provided such Rules and By-laws be not repugnant to the Constitution and laws of this Commonwealth.

Section 3. Be it further enacted, that the Society aforesaid may at all times under the name, style, and title aforesaid, sue and be sued, plead and be impleaded, appear, prosecute, and defend to final judgment and execution, and may appoint an Agent or Agents, to prosecute and defend suits with power of substitution; and it shall be lawful for the said Society to make sale of any estate or personal property, given or purchased, as aforesaid, or in any other way or right accruing to them in their corporate capacity, (unless that, which is given, be otherwise expressly ordered or appropriated by the donor,) and convey the same by deed or other legal instrument, duly executed; and when the property to be conveyed is real estate, under the hand of the Treasurer, and the seal of the Society: provided that all moneys, arising from such sale, be applied to the same use to which the income thereof was before applied.

Section 4. Be it further enacted, that William Phillips, Esquire, be and hereby is authorized by notification, in any two of the newspapers printed in Boston, to appoint the time and place of the first meeting of said Society.

Approved, Dec. 4, 1816.

Copy examined by

A. BRADFORD, Secretary of Commonwealth.