Preston and Olin Institute
Encyclopedia
The Preston and Olin Institute was a Methodist academy in Blacksburg, Virginia
which operated 1851-1872. Until it was rechartered in 1869, it was named The Olin and Preston Institute. The institute fell into financial trouble in its later years closed its doors and was reorganized as an Virginia Agricultural and Mechanical College in return for a 2/3 share of the funds obtained from the Morrill Land-Grant Colleges Act
(the other 1/3 went to Hampton Normal and Industrial Institute, a college organized for black students).
Blacksburg, Virginia
Blacksburg is an incorporated town located in Montgomery County, Virginia, United States, with a population of 42,620 at the 2010 census. Blacksburg, Christiansburg, and Radford are the three principal jurisdictions of the Blacksburg-Christiansburg-Radford Metropolitan Statistical Area which...
which operated 1851-1872. Until it was rechartered in 1869, it was named The Olin and Preston Institute. The institute fell into financial trouble in its later years closed its doors and was reorganized as an Virginia Agricultural and Mechanical College in return for a 2/3 share of the funds obtained from the Morrill Land-Grant Colleges Act
Morrill Land-Grant Colleges Act
The Morrill Land-Grant Acts are United States statutes that allowed for the creation of land-grant colleges, including the Morrill Act of 1862 and the Morrill Act of 1890 -Passage of original bill:...
(the other 1/3 went to Hampton Normal and Industrial Institute, a college organized for black students).