Sisters seek old scholarships

  • Follow Metro

GREENVILLE, S.C. --- In 1853, Erskine College gave 25 one-year scholarships to John N. Davis in exchange for a $100 donation, according to court papers filed by two of Davis' heirs.

Now those two descendants want to make the college honor the scholarships, which could be worth as much as $50,000.

Marguerite S. Kane and Davis S. Hanna have sued Erskine College in federal court, asking the school to honor the scholarships. But college officials said the certificates were only good for 25 years.

The certificates were passed down for four generations to Ms. Kane and Ms. Hanna, who are sisters living in Texas, their attorney Justin S. Kahn said.

The two have not decided whether they will attend Erskine if the scholarships are honored. They might sell them or give them away to needy students, Mr. Kahn said.

Erskine officials said an endowment plan adopted by the school's board of trustees in 1853 said the scholarships were valid for only 25 years. At the time, the college was 14 years old.

If the college is forced to honor all of Davis' certificates, it would cost more than $440,000. Officials also said a judgment against the school could cause more old scholarship certificates to surface.

The attorney for the heirs said Erskine should have been rewarded from Davis' $100 investment, which, if invested conservatively, would have doubled about every decade and be worth more than $3.2 million today.

"Erskine comes out ahead," Mr. Kahn wrote in court papers. "Erskine realizes the handsome profit it spoke of so long ago."

While court records indicate Davis was given 25 scholarships, Mr. Kahn said he has not been able to determine how many remain because some could already have been used.

Comments (5) Add comment
ADVISORY: Users are solely responsible for opinions they post here and for following agreed-upon rules of civility. Posts and comments do not reflect the views of this site. Posts and comments are automatically checked for inappropriate language, but readers might find some comments offensive or inaccurate. If you believe a comment violates our rules, click the "Flag as offensive" link below the comment.
Edgefield 01/02/08 - 06:45 am
The Davis sisters are nothing

The Davis sisters are nothing but Greedey fools. Thay did noti8ng but think they deserve everything.

I say Give them the $100 back and tell then to go Away

karmakills123 01/02/08 - 07:08 am
If the scholarships are valid

If the scholarships are valid then they are entitled to them...but the question was never answered.....were they only good for 25 years?

Reality 01/02/08 - 08:27 am
Make them attend College

Make them attend College there, so no money changes hands.....

BabyMackey 01/02/08 - 10:17 am
If the scholarships are

If the scholarships are legally binding and/or morally and ethically valid regardless of the denomination of the initial donation to the school allow the state case law to be the deciding factor. Moreover, I believe that the old cliche prevails in this situation which states that "AGE" is just a number, when it comes to love (humanitarian issues). I say, allow love and case law prevail in this legal matter. Moreover, this is food for thought - Could this be a form of divine intervention for a (some) deserving student(s) to obtain an education with the scholarsip(s)?

InChristLove 01/02/08 - 10:22 am
If the two sisters want to

If the two sisters want to attend the college then I would say the college should honor the scholarships or if they want to give them to a needy student to attend the college, that would be a blessing, but when they made the comment "they might SELL them" my first thought was "it's all about Greed!"

Back to Top
Search Augusta jobs
Top headlines
Hot temps increase worries about children left alone in cars
Despite continual warnings by police and child advocates, the number of children dying in hot cars is already close to surpassing last year with five months left in 2016.