Chronicles of Notre Dame du Lac
Edward Sorin, CSC -- Translated by John M. Toohey, CSC, 1895

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1855

pg 222       of all this property as they saw fit, Mr. Phelan merely expressing 
             the desire that his beautiful farm should be kept by the 
             Congregation with the view of some day establishing themselves 
             there, but without making this an obligation.
                  Finally, F. Sorin gave Mr. Phelan a mortgage of $50,000 as 
             security for the payment of the annuity of $3000.
                  Such were the conditions of this contract, by which the 
             congregation of Holy Cross secured possession of a solid property 
             worth at least three times the indebtedness on it.
                  That this gift must appear providential, especially under the 
             circumstances in which it was made, everybody at Notre Dame felt.  
             They saw in it the fulfilment of the words:  In the evening 
             weeping shall have place, and in the morning gladness.
                  Some months previously Notre Dame had acquired a property in 
             the city of Toledo valued at $4000, which sum was due by the Rev. 
             Mr. Foley.  He had purchased two scholarships at the college for 
             twenty years for $3000, and the rest was due for the board of some 
             young men kept by him at Notre Dame.