The Appeal. [volume] (Saint Paul, Minn. ;) 1889-19??, 1901-12-07

gardening, horticulture, dairying, bee
raising and poultry raising, Is proving
quite suceessfu til. Fhis is especially
true Of poultry raising. Several of the
new agricultural buildings mentioned
in my last report have been completed.
All of these were buildings greatly
needed. Among them a shennery. This
new building gives us the opportunity
fowls in the best manner. The same
of teaching the raising of all kinds Of
friends whose gift made it possible for
us to erect the hennery, also enabled
us to build a new barn for the dairy
cows, and a new dairy house. All
three of these buildings were much
needed and put us in a position to do
much more effective: work. ~
Dorothy Hall. the new Trades
Building for Girls, given us by friends
in New York. to which made refer
ence in my last report, is completed
and was dedicated April 22, 1901. This
is very satisfactory building, and
puts us in position to give more eff
fective training - girls thea ever be-
fore.
A friend in Eostol has givea us
$4,000 to be used in the erection of a
training school building, and another
in Connecticut has given 5000 for a
hospital. Both of these buildings are
in process of erection and are much
needed. ~
Mr.. Morris X. Jesup, Of New York,
has given $4,000 for a new barn for
horses and mules. This building is
also being constructed g.
Mr. Andrew Carnegie has given $780,
zoo for new library building, which
is ESQ in process Of erection In con-
nection with all these buildings we are
sticking to our original idea of having
practically all Of the work done by the
labor Of the students.
In many respects this has been our
/ most prosperous and encouraging year.
The report of the Treasurer will show
our financial condition in detail.
Very largely through the medium of
large meetings held in Boston, New
York and Philadelphia and other CEN
tiers, the interest in our work has not
only been kept alive, but has grown
and broadened.
FINANCIAL. s..s - 1.
The total amount. of money re-
ceived for general purposes this year
has been $1S9,782.30. OF this amount,
SIP ,104.34 has been used to meet the
current expenses of this year, and the
| remainder to meet prior obligations
and for permanent equipment. The
report of the Treasurer will show that
the institution is practically free from
debt, and friends can feel assured that
whatever they give will be used for
forwarding the work of the school, and
not in meeting debts.
Since my last report we have re-
ceived for snecial buildings and other
designated purposes in the direction of
improving the plant, $28,00S25.
! AT the time of my last report the
Endowment Fund amounted to $685.
232.49. Since that time this fund has
been increased - $252,971. 02. The
whole of this fund is invested in safe
and conservative securities by our En-
doWment Fund Committee in New
| York. This committee consists of Mr..
William H. Baldwin, Jr., 1913 Broad
way, New York; Mr.. j. G. Phelps
Stokes, AZ Cedar street, New York.
The average interest now being re-
ceived upon our Endowment is about
~ per cent.
The total amount received from all
sources, for all purposes, $312,529.O8.
1t now costs annually to operate the
institution in all it's departments not
far from 100000.
1 70 meet this annual expense we are
now assured of the following amounts:
$4,000 from the state of Alabama
$1,000 from the Peabody Fund.
$500 A. U. A, Boston.
Z. 81 600 from students, pnfranco fooc
$4,000 from the John F. Slater Fund
S27O from the Wo1nan's Home Mis-.
sion Association, of Boston, as well as
several other smaller amounts.
Added to these is the interest of ou1
Endowment Fund, which is about $11,
900, thus making a total Of $32, O7O tina
1--WE can depend upon with reasonable
certainty, leaving approximately SOS,
i 600 to be raised each year in order tt
meet the current expenses of tn,
i school. This money is secured mainl,
4 in the form of small gifts from. indi
4 viduals, Sunday schools and churche
and other organizations in all parts o
4 the country.
The amount named as needed 70
Ecurrent expenses leaves out of accoun
the money needed for buildings, ma
chinery and other improvements of tn
plant.
Two-ffths of the total amount re
}, celVed during the past two years ha
! gone into the permanent plant and En-
doWment Fund.
/ We have a right, / think, to poin
! with pride to the small average cost O
educating our students. The tota
number Of students reached bein
J. 1.514, and the total current EXPENSE
: charged being about $4,000 bring
! the whole cost for each individual +
!, $73.
], The greater proportion of what til
], students pay is in the form of Labor
! They have paid toward their expense
4 in labor this year, SGT .291 is.
Every effort is constantly bein
: made to reduce the expenses OF. the il
!, stitution, and to exercise the strictes
! economy in every department..
; At this point cannot refrain fro1
! mentioning our. Indebtedness to 81
) friends whore quiet, unrestricted ger
!, crosby has lifted this year grea
! burden from our shoulders and place
the institution in the position Wher
! it can accomplish much more goo
than has ever been true in Its history
am sorry that I cannot have tn
pleasure Of giving their names, bu
this they forbid. It is 9 rare and beau