Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1901-03-28

not paid, we are convinced tnat the
holders Of the bonds which it Is given
TO secure will force a foreclosure on the
same at the April term Of the Superior |
Court OF Kent county, and that tho |
holders OF the uDfunded debt will like
wise institute legal proceedings to
protect their interests,
Seventh the limit OF accom-
mediation which the First National
Bank Of Dover is willing to give US
has bsen reached, and in the present
financial condition no loan could
reasonably be expected from any other
bank.
Eighth That reliable subscriptions
sgRregating 10 amount about 5000
have been secured, but none Of said
subscriptions is available until pledges
have been secured for the entire
AMOUNT
The committee made the following
recommendations "That coyy OF
this report bs transmitted to the con-
ference, and that the exigencies CT the
situation be brought clearly to its at.
tention; that the unfunded debt bg
secured by the execution and delivery
to the holders of said debt of a mort
gage for the aggregate amount thereof,
payable un or before April LIST, 1901:
successful effort be inaugurated at the
conference session for the prompt pay
ment Of this debt, for il it is not paid
We realize that the splendid equipment
and magnificent property, worth more
than double the Indebtedness, will he
lost to the church, and the academy,
which has been built and equipped by
contributions from its friends and our
GO -laborers, some of whom have gone
to their reward, will most assuredly be-
sacifioeu, and perhaps fall into hands
which will work danger to our faith
and church polity."
THE board of trustees" the presi-
DENTS report concluded, recommends
that the whole debt of 1886, ZOO be
apportioned among the several charges
by a committee to be appointed by the
conference for that purpose, and that
AN effort be made to raise the money
as soon as possible.'
The trustees submitted the following
report for the last academic year :
Receipts from students. 50, 1913. OF; re-
oepts from other sources, 81, OBS. Al !;
total receipts, Sl2, 933. AZ; household
eypenses, 81, 492. 81 |; salaries s4.245 !;
other expenses, "a, 089. Of; total ex-
penses, sl5, 1926. 35 ; deficiency, 81, 342. SO !;
number OF boarding students, 80; day
students, "a special students, 10.
"The debit the report continued,
sis not the only serious problem farIng
US at this time; the present attendance
Of students Is small. and the school ex-
, penses are largely In excess Of the
school receipts. We hope and believe
that this unfortunate condition eau be
, remedied. The expenses can and must
be to considerable extent curtailed.
n. H.. ...A.. 4 - Al. IL.
standard for the school, the cost of the
faculty and the total expenditure for
, salaries must and will be very much
] reduced. We ask your hearty co.
, operation in All earnest endeavor to fill
: the two buildings with students. There
! is still work for the academy to do,
: Irepar ing young men and women for
, college, and giving to those who can
D not go to college better preparation
Q than they might otherwise have fol
4 their lifework.
: As practical measure for raising
y the debt the board of trustees recon.
i mended that the entire amount be
0 carefully apportioned to tho severa
! pastoral charges, and that supreme
q effort be made to raise the amount In
each charge upon the first or SECOND
r Sundays In June next, to be known al
i Conference Academy Debt paying Day
: and that the money be paid TO thu
r treasurer of the academy on or before
y \ the first day OF July. This trustee.
made the following additional recon
% mendations: That committee of IL
y three from each district, tho presiding
o elder, one minister and one laymnu
be appointed to make a careful appor
y tionmont of the debt to the variou
n charges and to superintend its col
lection; that the committee he com
J. posed OF the presiding elders and A lfret
J. Smith, j. e. Carroll. j. A. Arters
j. DIR. A. e. Sudler, q. A. Hill, William
II. jackson, W. l.. s. Murray ant
George W. Todd.
= After appeals ia behalf OF tn
10 academy had been made by variou
N members OF the conference, the sevHra
J. reports and recommendations wer
"a adopted. and the publication OF th
"a reports was ordered.
!. Announcement was mads that th
"a terms OF the Revs. 4. e. Martindale
. d. d., Vaughan s. Collins, r. Il
IN Adams, ID. D., and W. Il. Avery
!: ID. D., as trustees of the academy hat
"A expired, and the Revs. I. Il. Terry
+ T, a. ii. O'Brien, ID. d., and E. O
ii Atkins we're appointed committee Il
III nominate their SUCCESSORS.
The discussion of the affairs of tn
" academy consumed the greater part Q
n the morning.
rs The order Of the day, the vote on tn
IA new constitution. was postponed unit
10 10 O'CLOCK on Monday morning.
ir DISCIPLINARY BUSINESS
IL The 10th question: What member
v have completed the conference eours
t, of study was the first disciplinar
ID business taken up today.
ID John W. PrettymaE completed th
course, and was elected to deacon
BIT orders.
Mt Daniel j. Givan completed tn
le course, and was elected to elder
ne orders.
Iy John w. Talley completed the COURSE
st and was elected to elder's orders.
g. George W. Dawson completed tn
or course, and Was elected to elder
O. orders under the seminary rule.
id The 18th question What others hay
lie been elected and ordained deacont
by was next in order.
OF Thomas s. barrett was given credi
Id and his presiding elder was permitte
IS, to withdraw his application, Simils
ut action was takn concerning William y
ce Atkinson.
by The 22d question: Who are the supe
Irt numerary preaohersY was taken up.
h) w. L.. P. Bowen was passed to til
a. superannuated list.
TO- Warren Burr was continued as
BQ aunarnnmaFaFy alg0- .1otp Erapoa n