The log cabin Democrat., 1920-03-02
SI66,O00 RECEIVED
 SINCE JANUARY lST ONE GIFT OF s75,ooo
College Also Collects $40,000 on Local Subscriptions and 5 900 from
 New York Board.

Gifts in cash and securities agre- gating $166,000 have been received by Hendrix College since January 1. The first announcement of this splendid news was authorized by Dr. J. H. Reynolds, the president, in an inter view with the Log Cabin Democrat today
 Seventy-fve thousand dollars of this amount, consisting of stocks and se- curities worth considerably more than their par value, was collected recently by Dr. Reynolds from one friend of the college. 1t was the biggest sin gle subscription ever contributed to an institution in Arkansas. The name of the donor is withheld at his own re- quest. The subscription was secured by pr. James Thomas, financial agent of the college, some three years ago, upon certain conditions which the col lege has just been able to meet.
 Forty thousand dollars of the amount wa realized upon suGscrip tions paid off by citizens of Conway, making good pledges given the col ege about two years ago. This sum was used in entirely freeing the col lege from debt The entire $40,000 has been paid into the college within the past few weeks.
 The $75,000 gift and those made To- cally enabled the college to draw upon the General Education Board of New York for $51 900 in cash, check for which has just been received. The New York board, which some years ago proffered the college $100,000 con- ditional upon raising a total of $500,- GOO for endowment and buildings, is paid by the board in proportion as the college collects from it's other sub- scriptions. A rule of the General Education Board also precludes pay ments to any restitution that is not free from debt.
 The $51 ,000 in cash, together with $2,000 additional from the endowment fund, was immediately invested in two gilt-edge real estate loans which will net the college seven per cent annual interest, Dr. Reynolds stated. This is the highest rate at which the college has ever been able to place an approved loan of this size.
 This was not all the good news which was brought back by Dr.. Key holds, who has just returned from an extended trip. At Nashville he at tended for several days as a member of the general conference committee in charge of the matter meeting to consider final plans for the great $25,000,000 educational drive which IS to be conducted by the Methodist Episcopal church, south. At this meeting pportionments to the various institutions of the church were final ly agreed upon. Hendrix is to re- ceive half million dollars from the proceeds of the subscriptions, Dr. Rey- holds said. The preliminary work of the campaign will be begun in the near future, but the drive itself will not be made until April, 1921, he stat ed.
 Dr. Reynolds has strong hopes of other handsome gifts to add to the $500, ,000 which Hendrix is to receive from the church.
 While Dr. Reynolds would make no prediction as to the future, it is ap- parent that Hendrix College will pass the mark of million-dollar insti- tution and will be making strides to- ward it's second million, probably be- fore the expiration of the next calen- dar year. The college is rapidly as- suming a position as one of the great educational institutions of the south. It has passed through many trying crises during it's infancy, but is now assured of glorious future.
 During his trip Dr. Reynolds also attended a meeting of the joint com mittee on phraseology, which perfect ed the draft of the new constitution uniting the north and south branches of the Methodist Episcopal church This meeting was held at Jackson vile, Fla. The constitution is now