Through provision in the will of Jacob F. Alexander, who died recently in St. Petersburg Fla., Mars Hill College will receive an annual income of $10,000, part of the $32,000 annuity left by Mr. Alexander to various Carolina educational institutions, according to the statement yesterday by Rev. J.W. O’Hara of the Baptist Mission Board, under whose supervision the school’s endowment now operates.
This bequest will enable Mars Hill to take the highest rating in the Southern Association of Colleges, Rev. Mr. O’Hara stated. Mr. Alexander was a prominent Florida and North Carolina business man.
Other institutions covered in the bequests are: Alexander Schools Inc., $10,000 a year; Baptist Orphanage at Thomasville, $2,000 a year; Boiling Academy, $2,000 a year; and First methodist Churches of Forest City, $1,000 each. This endowment becomes operative January 1, 1927, according to the terms of the will, it was stated.
From the front page of The News-Record, Marshall, Madison County, N.C., Jan. 1, 1926
newspapers.digitalnc.org/lccn/sn92074087/1926-01-01/ed-1/seq-1/
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