Ravenwood - 05/06/05 06:15 AM
Vanderbilt lost their bid on appeal to remove the word 'Confederate' from 'Confederate Memorial Hall'. The court ruled that it would violate their contract with the United Daughters of the Confederacy, who provided funds for the building.
The state appeals court said Vanderbilt must leave the name intact or pay the group the current value of the $50,000 given when the building was constructed in 1935.This would appear to give Vandy an option to buy their way out, which might be better than gambling on an appeal to the supreme court. If they end up paying off the Daughters, I hope the Daughters buy the biggest gaudiest Confederate monument they can afford right next to the Vanderbilt campus.
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Rewriting History - 01/07/2005
Category: Pleasure Police
Comments (1) top link me
http://www.westegg.com/inflation
It appears that $50k in 1935 is equivalent to almost $700k today. Still probably a bargain for the building, though.
Posted by: Bob at May 6, 2005 7:57 AM(c) Ravenwood and Associates, 1990 - 2014