Deeds of trust of the Trustees of the Building Fund

Collection

Identifier: CPP 10/019-02

Scope and Contents

The collection contains the first deed of trust, 2 February 1850, between the College of Physicians of Philadelphia and the Trustees of the Building Fund; the continuation of the deed of the trust, 9 February 1859; and a report, 1 February 1861, of the trustees concerning the purchase of a lot adjoining the College premises at 13th and Locust streets.

Dates

1850 - 1861

Creator

College of Physicians of Philadelphia. Trustees of the Building Fund (Organization)

Biographical / Historical

At a meeting of the College of Physicians of Philadelphia on 6 November 1849, George Fox proposed the formation of a committee to determine the cost of a lot and construction of a building as a permanent home for the institution. The committee reported that $20,000 would be needed and recommended that a trust be established with the College's securities and additional funds raised over the course of several years until the amount required to build was collected. On 15 January 1850, George Fox, J, Rodman Paul, and George Bacon Wood were elected Trustees of the Building Fund and empowered to receive and invest all funds for purchase and construction. A related body, the Committee of Collections for the Trust Fund, was also formed at this time.

In 1859, the Building Fund had reached $21,545, and the trust was continued for five more years. In 1860, a lot at 13th and Locust Streets was purchased and the deed delivered to the trustees. An adjacent lot was purchased in the following year. In December 1861, the College resolved to build but also continue fund raising efforts. The Hall of the College of Physicians was completed and occupied in March 1863. The trust was then annulled, and all proceeds from the sale of its securities were transferred to the College's Building Committee. The Trustees of the Building Fund were discharged by the College at its meeting on 4 March 1863.

Extent

1 folder

Language of Materials

English

Additional Description

Custodial History

The records of the Trustees of the Building Fund were transferred to the Historical Collections of the Library of the College of Physicians of Philadelphia by Benjamin R, Pierce of the Office of Finance and Accounting on 28 May 1992 as part of a larger transfer of property records from the College safe.

The collection was processed and catalogued in 1993.