The log cabin Democrat., 1913-06-11

ductive at ' 1-2 per cent. That would
 gre 918 700. AS tuition will pro-
 duce $6,OOO, and Conference collec- tions S2,500, these may be expected to
 cover expenses of collection, insu- rance, taxes, repairs, advertising,
 heat, janitors, stenographers, etc. If the balance of endowment becomes
 productive, it will produce $3,0OO or
 $4,000 more.\ This may be counted as
 a fund to cover deficits that we are now making.
 On this showing it is safe to create obligations for Faculty, ranging from $18,000 to $20,000, for the next three all endowment is invested and produc- ing 2 1-2 per cent, the income should be $22,500, and income from tuition should be slightly greater. Conse- quently, it would be proper to assure the Faculty of your intention, if we suffer no loss, to increase salaries about 10 per cent after three years, and to employ two or three assistants. When that is done, no further in- crease nor enlargement is possible without more endowment, hence it should be our purpose about 1916 or 1917 to start campaign for at least $200,000 additional endowment The General Board will gladly aid us on such movement. With S500,000 en- dowment and income approximating S35,000, salaries could again be in creased about 10 per cent, and four or five additional teachers be employ ed. Thus provision would be made for teaching 300 to 325 students.
 It is useless to expect larger en- rollment than the present without more and better dormitory facilities, hence our first and most imperative duty is to raise S60,000 and build the splendid fire proof dormitory for 100 students. Then, as we cannot teach more than 250 in our present building, steps must be taken to secure either a Library or Science Hall or an Acad- emy Building Any one of these would relieve the Main Building so that 300 students might be we'll instructed. It matters little which of these buildings comes first, but, as the Academy can be built for S10,000, the Science Hall for $25,000, while the Library should cost $40 ,000, it would probably be best , to seek them in that order; of course, holding ourselves in readiness for spe- cial donations which might change the order. As soon as the Main Building | is relieved, convenient administration rooms can be fitted up, in the Study Hall, and the whole building remodel i ed and improved for about S10,000. It would then serve for twenty five years.
 For the proper development of stu dent life and activities Gymnasium is badly needed A very serviceable part of a S25,000 building can be erected for $1O,OOO. Without turning aside from the other objects this should be allowed place in our plans for immediate action. Within three or four years by proper management all of these buildings may be secured
 Without concerted effort and the best of team work nothing can be done. At this point we are suffering. Here is needed scientific adjustment for busi- ness efficiency While the President in the very nature of the case should
 lead in such movement, yet, even Ii
 he were an expert money getter he could not raise all this money and at
 tend to the other matters of admins
 tration. There should therefore, be expert money raisers giving theil whole time to securing funds in co } operation with the President. Sucl men are rare and valuable and should
 not be hampered with office details anc } ordinary collections. A Bursar, who l may be teacher as we'll giving on' ) or two hours a day to collecting anC , bookkeeping, may attend to these sim : pie duties and assist the President il experimenting buildings, campus, ant dining hall While the Presiden should not be required himself to col } lect and keep accounts, and care fo