Hopkinsville Kentuckian. [volume] (Hopkinsville, Ky.) 1889-1918, 1913-12-16
College Has Been Merged With
Pennsylvania Uni
versity.
STATEMENT BY TRUSTEES.
The Last School Session Will
Be Held This
Week.

Mclean College, one Of Hopkins
ville's oldest educational institutions.
has changed hands and will be closed
this week and will not reopen for the
present. 1t becomes the property Of
Pennsylvania University. The fol-
lowing statement was given out yes
terday:
1t is hereby announced that over
lures of Mclean College to Transyl-
vania University soliciting that the
former may be merged into the lat
ter have met with favorable res
ponse and been agreed to; and that
the College will conclude its work
here at the end of this week.
To this announcement it is desired
to add short but explicit explana-
ton to all the friends Of Mclean
College who may not be already con-
versant with the causes of its pres
ent plans and purposes.
After the fire of February. 1912.
which destroyed Rash Hall. money
and other assets we're secured. which
together with certain real estate pro-
posed to be alienated if necessary.
were sufficient for the rebuilding Of
that hall without mourning debt. No
provision, however, was made in ad.
vance for furnishing and equipping
the new building. This was because
in order to rebuild in time for school
in the autumn the contract must be
let without delay; for it had requir-
ed until about June lst to cover the
contract price of the building itself.
And the prospect of the means with
which to furnish and equip seemed
to conservative friends and business
men very good. Suffice it. that pros
pect was not realized and debt Of
course has resulted.
Also at the time of letting the con.
tract for the new building there
seemed to be good prospect of be-
ginning of endowment. But after al
most two years Of expensive effort
practically nothing is done in this d.
rection. On the contrary. something
Of the expense of the effort has gone
to swell Indebtedness.
Also the fire of course left the
school itself in disabled and some
what disorded condition which has
continued until now and has made it
necessary for the Trustees to remit
the rentals hitherto paid by the man.
agement and in addition to help by,
providing an extra teacher for sew
eral months. y
Also the College has received from
time to time gifts of considerable
SUMS on the annuity plan. i. e.. sums
for which interest is paid during the
life time Of the donor. Some $l2.-
600 Of such gifts make their regular
drafts for interest.
And besides drought and reports Of
typhoid fever among students as
having originated at the College
greatly reduced the number of mar
ticulates for this year and thus rem
dered more difficult the maintenance
of the school within and the appeal
for endowment without.
In a word. about $40, 900 in cash is
needed to meet the indebtedness Of
the College. A long term obligation
Of $1,000 more is to be cared for. In
addition. annuities on about $l2, 900
must be paid. The interesting bear
ing obligations of the school are thus
not far from $37. 1000 Against these
there are some subscriptions and
other assets apart from the real es-
tate Of the school amounting TO sew
eral thousand dollars. but they are
not now available. Meantime inter-
est and other fixed expenses 20 on.
In this extremity the Trustees Of