to be used for scholarship fund purposes to assist needy persons studying for the gospel ministry

To be regarded as part payment for monies received for my education and the amount to be set aside to be used only for the education of candidates for the Presbyterian Ministry, and in the event that any such candidate shall change to another denomination or shall repudiate the jurisdiction of the Presbyterian Church, then the amount shall immediately become due and he shall be required to repay the full amount with interest.

For scholarship aid

For the publication and sale or distribution of Bibles.

Income to the aid of such Colleges in the West as said Board (Presbyterian Board of Aid to Colleges and Academies) shall deem advisable but preferable to Institutions that shall be training young men for the ministry.