The Caucasian. [volume] (Alexandria, La.) 1874-1875, 1875-01-16
Report Of Committee.


Report Of Committee.
We the undersigne special Com.
mittee appointed to investigate tho
affairs Of Homer College beg leave
to submit the following report a.
the result Of our Investigations.
The Committee deem il unnecessary
10 give a history Of tho events which
have resulted in thu present condition
"f til" College. ~ they are familiar to
the Conference.
Tia present liabilities are AbAut
l3,WO.saIts assets cssNAiAt Qis34OkOO)
endowment notes, 81, 100 ncsea of .iahI
nnimproved. besides the College build.
'ngs. philosophical apparatus and IL
brary. Z
Tho endowment notes ari Ahcx :
great number 1T EersnnA AtattSred
over three or hbnr parishes, and from
tho evidence hefnrs y0Mr committee
not wortl, one tenth ri their nopissl
amount. Bnt tho smallneAs 81 tbeir
value il not the greatest lOaa ennuA1t-
I'd with these notes. Tho Board 1T
Trustees through their Financial Agep:
brought snitupon several Of these notes
and have placed about 45n1O az them
in amount, in the hands IT IN ATTORNEY
for collection by snit. Tho feeling Of
bitterness and ahim0Aity aQninaS tho
church. produced by this step to en-
force payment, and the consequent in
jury to the church il those sections,
where these notes were givcn,. can
hardly be Orerestimated. It may nor
be unnecessary to add that this bitter
pess and luminosity haS boon produced
among those who were her warm ad-.
i hrrenta. ~
! 1nthe opinion Of your G COMMITTEES 30
far from the church sAnctioning tho
reinforcement Of tho payment Of these
endowment notes by suit, she onght
TO be unwilling to accept pnyme I'M
less made rs free will offering upon
her altar, an., We recommend that oil
litigation or'threntenesl litigation npon
those notes be discontinued.
Upon the subject III the value If tho
laphs, We have not sufficient evidence
before us to express an opinion, nor
do We deem it necessary, a. it - n mat
ter hat may be safely left with the
Board Of Trustees. There il however,
one feature in connection with these
land. which we deem II proper to en-
hrace in this report, namely: The tax
sales by which q portion Of these lands
qwere acquired. Upon this point we
have made tiligent inquiry and find
that none Of these lands waro pnrcl.as-
I'd in opposition to tho will Of ,wiri,Cs
"f the owners; but were acquired Mt
these sale. with the approval
.. Of the community III which they were
made. While We say 'this mncli in OK
ilonorating them from all Odium, NO
can not sanction this mode Of acquir-
ing land.
A it always requires explanation
: which may never be given and We will
!. cxpress the hope that the present in
, stance will ~ th4 last experiment in
that direction. We. deem sneh IN ex-
E pertinent nnwiae, impolitic and dnn-
gerous tn the fair name Of our church.
We find that the Hoard Of Trustees
have engaged +. h. Gordon tor Presi-
: dent for this year upon tho following
4 terms and conditions. He j. to receive
! for his services the interest up.n the
+ endowment funds aud to teach free Of
G charge for tuition any, nnmbsr Of pu-
p,p. below sixty, and II there should
be any number above sixty, their tui-
ton to be paid or provided for by tha
Beard of Trustees.
= In view of the diflculties Of collect
ing the interest upon these endowment
$ notes ~ already stated ia this report,
yonr committee are If the opinion that
{, such an arrangement must enl in fail.
nre and inter loss aud disappointment
to the President. Bnt there is an"the,
f.nture in the arrangement which We
cannot sanction, and that is tho feature
/" Of enforcing the payment from the
y donors for the purpose Of educating
II free Of charges the children Of those
who may he in more afHuent circum-
o stances than the donors themselves
g Snch feature we regard As most OBJ
a jcciionnble.
Of the President elected by the
Board the evidence before us represent
!, h'm ~ worthy and in every way quail.
u flied to 81 the position Of President,
j. Int we can not recommend him unde,
J. the terms and conditions imposed by
t the Board Of Trustees.
: Substitute for Report Of Commit.
t tee offered by Rev James f. Cobb
s. .Hesoircd, That this conference as.
snres the Board Of Trustees of Ho.
:, mer College Of Its continued appro.
i. baton Of their wise and earnest ef-
forts in the discharge of their trust
). and that with undated interest it
will co operate with them to secure
for Homer college those resources
and that position which shall make
= 1t an institution Of learning Of the
!, highest character.
= Resolued, That we sympathise
Il with the Board in its delicate task
e OF conserving its endowment fund
d III the present financial condition Of
I the country, and while we would
Il ~ M ,v;ca iptnrunco ovn bn ra @ = n q