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“The Knight Chair at UNC-Chapel Hill is endowed in perpetuity,” the director of the foundation’s journalism program, Karen Rundlet, said in an emailed statement.

If the ship never passed that way before, the captain is to give a small rundlet of wine, which, if he denies, the mariners may cut off the stern of the vessel.

Powder, the barrel or rundlet of 7 lbs. goes for a piece.

Abigail, the eldest daughter, went to her father's sleigh, and taking out a large rundlet, which might contain two or three gallons, poured the contents into a couple of pails.

I cried to the fellow that had just entered the hold with a handful of biscuits and a little rundlet of burnt wine.