The Oskaloosa herald., 1915-09-09

that the, attendance at the coHege
would be increased easily BY one hum
dred students in the course OF three
years. At the present time and un-
til our endowment is much increased
q girls dormitory is about the only
building which we can afford to have,
as any other building would increase
the expenses, whereas a girls dormi-
tory would increase the income. A
dormitory would serve the college in
another splendid way in that ade-
Quate quarters. for boarding purposes
would be afforded by it.
Thus by increasing the attendance,
an adequate girls dOrmitOry would
assist in most excellent way in in
creasing the finances.
The other source from which in
creased support can come, as stated
above, is the enlarged endowment. 1t
is becoming more true every day that
the unendowed institution must fail.
The standards to which educational
institutions must measure are beyond
the possibility of reaching merely
with income from tuition. With a
large and specialized faculty, with the
necessarily large laboratory and Ii
brary equipment, and with the de-
mand for buildings and other facili-
ties, it is utterly impossible to main
tain an educational institution with
out large endowments. Penn Col
lege must have within a reasonable
time an endowment of a half million
dollars.
The Remedy.
Realizing these things, the board
of trustees of Penn College have I'M
dertaken to meet the conditions.
There are three parts TO the program
which has been undertaken. First:
"A campaign is being launched for
the purpose of raising $5O,00O.0O add
tional endowment, and $50,OOO.00 to
liquidate the present Indebtedness.
Second: Efforts are to be made to
increase the attendance at the col
llege through the means which have
hereinbefore been described. Third :
An effort is to be put forth to in
crease the income to the college
through Wills, requests, and in kin
bred ways.
The Indebtedness.
! 1t is the. desire of the board OF
trustees to give accurate information
concerning the present Indebtedness
of the institution. Less than hall
of this Indebtedness is the result Of
annual deficit The larger part be
ing occasioned by carrying out Ger
tain enterprises which came to the
board of trustees at times when II
was impossible to solicit contribu
lions. These enterprises were Of
such nature that the board thought
it to the best interests of the institu
ton to enter upon them. So that the
Indebtedness is largely the result Of
Investments made by the board Of
trustees.
Considering the business ability
and devotion OF the men who have
served in this capacity, it goes with
out saying that the present condition
is the hest condition that could bt
brought about. Whatever of detici
has resulted has not been occasioneC
by Encouragement. There is NJ
college in the country which has done
more with the limited means at hanC
than has Penn College; but the stand
ards reared by the state and by those
schools with which we must compete
have compelled that our expenses b'
I greaer than our income. 1t would
have been utterly impossible to have
existed if this had not been done
This condition is nothing new in the
case OF Penn College, as every Chris
tian college in the land has had ant
lis having similar experiences. There
has never been a Christian college
that has been a mOney-making insti
tuition. And it is always true that {
Christian college must depend for it,
support on those people who believe
hat a Christian education is superior
to education with the Christianity
eft out. Education without Chris
.ianity teaches men and women how
% get from the world. Education
With Christianity teaches them how
10 give to the world.
The board of trustees, therefore
believes that the claims which Penn
College has upon it's friends are o
efficient merit to warrant them IL
expecting that all items of the pro
yram which they have laid down will
| De carried out and that we shall b.
| lble to increase the endowment, Il
I iquidate the Indebtedness, and t
augment the facilities of the college
II every way.
To have immediate charge OF thu
soliciting OF funds both for endow
ment and indebtedness the boarC
deems itself fortunate in having Sc
cured the services of Walter F. Dex
Ter, and we bespeak for him a courte
Gus and kindly reception from all. Tt
care for the work of increasing thu
attendance the board of trustees ha!
entered into a joint arrangement will
other boards of the Yearly Meetini
which secures the services of Ora W
Carroll for the months of May, June
July and August next year.
| Can II Be Done?
Whether this can be done or no
viii depend upon two things. First
Whether or not the friends of Penn
college are financially able to do il
! Second Whether or not they a.,
Wiling to do 1T. Ii these two condi
tons prevail it will be very easy t
accomplish this great purpose.
With a membership in Iowa Yearl!
Meeting of more than 5000; with al
alumni association OF 600 members
and with old students not graduate
numbering into the thousands: will
I city OF more than 10000 who aU