Posted on 01/31/2023 5:54:40 PM PST by Michael.SF.
Alinsky’s “Rules for Radicals” apply to all radicals, including those who take the radical position that patriotic constitutional conservativism is a good thing. Conservatives need to enshrine his sixth rule: “Make the enemy live up to its own book of rules.” That’s the wonderful move the descendants of T.C. Williams made when the University of Richmond deleted his existence.
And then there’s the law school. It was founded in 1870 but got its real boost in 1890 when T.C. Williams, a trustee, passed away, and his family donated $25,000 ($803,999 in 2022 dollars) to start an endowment for the law school. That endowment was so important that, by 1920, the University of Richmond renamed the law school. Up until last year, it was The T.C. Williams School of Law.
What changed in 2022 was the left’s crusade to wipe out the stain of American racism by renaming everything that carried the name of someone associated with racism or slavery in any way. (I’m still waiting for Democrats to rename everything associated with Woodrow Wilson, who segregated the federal government.) So it was that The T.C. Williams School of Law will henceforth be called the “University of Richmond School of Law.” However, the college kept T.C. Williams’s money, leading to the beautiful and brilliant thing T.C. Williams’ descendants have done: Acting via their attorney, Robert C. Smith (also a descendant), they’ve demanded that the University return the money, including compounded interest, for a total of $51,000,000. Smith’s letter is seven pages long, but I’ve distilled the high points:
(Excerpt) Read more at americanthinker.com ...
Interest is calculated at 6%, if they do win, the amount will likely be reduced.
Can they figure out how to change the high school’s name back to TC Williams and stick it to Alexandria?
Bkmk
I love it. I hope the Williams family soaks them.
they’ve demanded that the University return the money, including compounded interest, for a total of $51,000,000. Smith’s letter is seven pages long, but I’ve distilled the high points:
But there is no contract.
But not following through on the informal agreement could and should stop future contributions.
We had farmers give farms to the university for certain purposes. The university decided to sell the farms and use the money for other purposes.
My understanding is contributions slowed down but then they began to find suckers again.
Not in 1890.
If I were giving a donation large enough for something like that, there’d sure be a contract. My understanding is that that’s the norm in fact.
When he made the donation in 1890 there was no income tax to be deducted from.
They are doing it wrong. It’s closer to around $2,000,000 in 2022 dollars if based on gold prices. Affer all, US was on a gold standard when the donation was made. Have them return the $25,000 in $10 and $20 gold pieces.
Add the 6% interest based on physical gold. See what the figure is then, you might be surprised.
You make a good point. Let’s hope the family’s lawyer knows the answer to any stipulations made regarding the gift.
They should change it to Wayne O. Williams High School.
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