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by D. W. Whittle

The History and Business Successes of Liberal Givers

Mr. Nathaniel R. Cobb, a merchant connected with the Baptist church in Boston, in 1821, at the age of twenty-three, drew up and subscribed the following covenant, to which he faithfully adhered till on his death-bed he praised God that by acting according to it he had given in charity more than $40,000.

“By the grace of God, I will never be worth more than $50,000.

“By the grace of God, I will give one- fourth of the net profits of my business to charitable and religious uses.

“If I am ever worth $20,000, I will give one-half of my net profits; and if I am ever worth $30,000, 1 will give three-fourths; and the whole, after $50,000. So help me God, or give to a more faithful steward, and set me aside.

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Restored from a scan of the 1885 edition, with page headers and numbers removed and words rejoined across line breaks. Scan-derived text, still being proofread; compare the original scan before quoting.