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Typo fixing, replaced: 2/3rds → 2/3 using AWB
'''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''.<ref>{{cite news | first=Peter | last=Wallenstein | coauthors=Kennelly, Tamara | title=Time Line of the History of Virginia Tech | date= | publisher= | url=http://spec.lib.vt.edu/archives/125th/timeline.htm | work = | pages = | accessdate = 2008-03-22 | language = }}</ref> The institute fell into financial trouble in its later years closed its doors and was reorganized as an [[Virginia Tech|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).<ref>{{cite news | first=Duncan Lyle | last=Kinnear | coauthors= | title=A Short History of Virginia Tech | date= | publisher= | url =http://spec.lib.vt.edu/archives/125th/kinnear/prefound.htm | work = | pages = | accessdate = 2007-10-14 | language = }}</ref>
==References==
{{reflist}}
[[Category:Virginia Polytechnic Institute and State University]]
[[Category:Blacksburg, Virginia]]
[[Category:Educational institutions established in 1851]]
==References==
{{reflist}}
[[Category:Virginia Polytechnic Institute and State University]]
[[Category:Blacksburg, Virginia]]
[[Category:Educational institutions established in 1851]]