The western sentinel. [volume] (Winston-Salem, N.C.) 1887-1926, 1892-12-08
hall reside in Durham.

shall reside in Durham.
1. 1t shall be the duty of the treas
| urer to receive and safely keep all
| monies belonging to the college other
than the principal Of the endowment
| fund.
2. He shall pay out money only upon
| the order of the finance committee,
| who shall indorSe their names, at least
two of them, upon every such order,
bill or other draft upon the treasurer
| to pay out money, and without which
names no such order shall be recog-
| niZed by the treasurer
3. The treasurer shall give bond in
the sum of twice the amount of funds
handled for the safe keeping of money
and shall receive salaray Of
dollars per annum.
4. The finance committee shall
authorize the purchase of all supplies
for the college before any such pur-
chase shall bind the Board of Trustees
for the payment thereof, and all prop
ositions to incur expense shall first
have the Endorsement of said finance
committee before becoming valid.
5. The finance committee shall not
indorse any order upon the treasurer
to pay cut money, nor shall they de-
eide to incur any expense in this indi-
vidual and separate capacity; but must
be called together by their chairman,
whom they shall elect, or by any one
of their number, and a majority of
said committee shall have authority
to act.
6. The finance committee shall be
an Auditing Committee'fO for the treas
uref's books, and shall report in writ
ing to the annual meeting of the
Board.
l. The finance committee together
with the Treasurer, shall be members
ex-officio, of the Board of trustees.
"A true copy of the action of the
Board, Nov, II, 1892.
w. Ell. PEGRAM, SEC.
THE NEEDS OF THE COLLEGE.
1. The college needs above all mate
rial needs, baptism of the Holy Spir-
it. That more than anything else
would solve its problems and relieve
the unrest that has arisen largely out
of its financial needs.
2. The college needs an operating
fund of $4,000 year with which to
do its work creditably and which
might be raised by conference collec-
tions and private subscriptions so as
to guarantee more certain income.
AS it now is the plans care seriously
interfered with and our course cot
growth checked and uncertain.
B. The next great need is g perma-
nent endowment, if we mean to be
college much longer in fact.
We can be high grade academy, if
we will. In that case we can do with
cheaper men. The npresent faculty
no conference collections.
We may stand as college of the
usual type with the three departments
Philosophical, or Literary, the Scien-
tific and the Commercial, but to do
that well we will need the conference
collections and $75, 900 endowment at
the least.
Lastly, we have but one natural
competitor for patronage-the State
University. To put this college on
even terms of competition we should
have the conference collections and
an income from an endowment of
$500, 900 or its equivalent.
From this statement this Confer
ence will be enabled to decide the
kind of institution they want Trinity
College to be.
4. We need loan fund to help needy
students. The college is suffering
in patronage for want of this. The
only fund now available is esta blished
by Brother NJ. d. Stockton, of this
city, by which two students will be
aided to the extent of $3.50 a year,
only part of which is now available.
These funds are made as loans to the
student, payable in trust to the Pres
ident of the college for young men
preparing for the ministry.
5. Though there ARE many other
needs, such as libraries, apparatus, in
Guiding a telescope and other appli-
ances, the college needs now particu-
larry few hundred dollars worth of
maps, charts and similar aids to in
stfuction. 1t is earnestly hoped that
some contributions may be made to
this end at an early date
JOHN f. CRoWELL, Pres.
The report of Haysville Male and
Female College was read and referred.
THE BOARD OF MISSIONS
here presented it's report through
Secretary Gay. 1t showed the follow
ing financial conditions in the dis