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 cation of 1858, but the charter was finally accepted by them in 1862. Under the charter the school was managed by a Board of Trustees consisting of the Bishop, five clergymen and five laymen. The Bishop then transferred to this board all of the school property held by him and also the property at Milwaukie, known as Spencer Hall, the school for girls, which will be discussed later. This board continued to manage the property of both schools until 1870. In that year the convocation approved a recommendation by Judge M. P. Deady to disincorporate the board and to turn all funds in its possession over to the Bishop for the use of the new schools which had been founded in Portland.

By 1866, through expenditures on furniture, repairs and improvements, the original investment of $4,000 had expanded to $6,500. In this year, however, the school and the 74 acres of ground were sold for $4,000, the money being so handled by Judge Deady that by 1870, the fund amounted to $5,474.45. An interesting phase of this period was the difficulty encountered in paying Mr. Cornelius his salary. At the time of his resignation, the trustees owed $430 to him. A committee was appointed to solicit contributions from the parishes to pay this but was unsuccessful. The next year he was paid from funds of the school and each parish was assessed a fixed amount to cover this. Very little of this was ever collected, however, and the money was finally taken from funds received from the sale of the school property.

In the meantime, a girls' school had been established at Milwaukie, known as Spencer Hall. Negotiations for