Evening journal., 1920-11-23
TUESDAY, NOVEMBER %, 1920
DELAWARE COLLEGES GRATIFYING REPoRr.

rEiREE of The many pleasing Items in the annual hnan-
Il cal statement Of Delaware College, prepared by
Arthur G. Wilkinson, Business Administrator and pre-
sened TO the board OF trustees at s annual meeting this
morning. reveal with striking Significance the wisdom Of
the board In creating the office OF business administrator
and selecting man OF Mr. Wiknson's business ability
to M It.
One Of those items has TO do with coal II shows that
despite the fact that last winter both long and
vere the decrease in the cost Of coal was si6iO9 That
saving the result OF Business Administrator Wilkinson
going into the market and buying carefully IL is OF fur
her significance that Notwithstanding that big saving
The coal obtained for the Of the institution first
class in all respects revealed by frequent tests Of
It's heating values
Another item shows reduction Of 500 In adminstra-
ton expenses compared with the fiscal year which
ended June 90 1919 while The dining halls in previous
years Of expense, not only paid their way in
the fiscal year ended June 30 1920 but actually produced
surplus OF si5s&7 II should be stated that II not the
policy OF the college TO make money the dining rooms
but to supply the meals at COST nearly pos
sble The small surplus OF less than 81 year per stu
dent. shows how carefully that policy pursued
While the financial report for The last year Of Dr.
Samuel Chiles Mchells administration Of Delaware Col
ege reveals overdraft OF sOO6S7 for Delaware Col
lege; OF s599ii5 for the experimental farm, and
other OF s960 40 for the Womens College OF Delaware
tota OF S3659S92 the fact remains that within the sam,
period the value OF the plants OF the two colleges In
creased foo f3ti The net result, therefore,
Of s6s2i2o instead OF a deficit OF ss659s92. II is o
further significance that in the OF the woment
colese the present overdraft OF si9eOi0 includes ar
oversft OF eli 76s 81 carried from previous soa
year that really the womens college, overirant for
The fiscal year ended June 80 1890 amounts To less than
5000
The report shows that during the year three temporary
engineering buildings have been erected and equipped at
cost or about $2SOo0 this being the gift OF Pierre s
dupont. Contributions received from friends of
Delaware College amounting 10 $4,000 enabling the
Beard Of Trustees to increase the salaries OF the faculty
twenty cent. Among the special funds the college has
roceivsd during the past year from H. Rodney sharp
s7e657 for the OF the linden trees on the campus
and siS295s, also from Mr. Sharp. being the entire cost
Of equppns the Faculty Club.
An increase In endowment funds OF SS720O8 rs shown
making the total endowment funds on June 80 1920
s39i'7i63i
The educational plant Of Delaware College shows an In
crease OF si5s36s6 making the present value OF land
buildings and equipment si.Os2.7539l
1he educational plant OF ne Women's Colege has ais
increased S3s6532 bringing the total 10 1892 i5iso
The total Of The endowment funds and plan
Of both colleges June 30 1870 was 81 sO9925i oin
nj Increase over the previous year OF S53t232i
From Whatever angle It is viewed the report should
gratifying to The public Il also 81 oud inspire ina. publ
and the legislature 10 support Dr. Walter Hulhen m
new president, in his efforts 20 make both me men
college and the women's college more efficient in IN
great work which they are performing for the youth
Delaware and society generally