The log cabin Democrat., 1922-03-29
TRUSTEES RAT|FY PLAN OF ACADEMY lAUD FINANCIAL RECORD Four Gifts to Hendrix in Past Year Total $S7, 7,000-Session of Board
 Harmonious.

Authority to the executive commit | tee to proceed at once with plans for the separation of the academy from the college was voted yesterday by the | trustees of Hendrix College assembled 1 at the presidents home, and definite steps toward that end probably will ! be taken in the near future. Discus slons of the proposal as presented by pr. John Hugh Reynolds in the form of recommendation disclosed the opinion of the trustees that the academy should be maintained as a separate institution and should oc- cupy buildings erected on the campus or adjacent to it.
 Purchase of the McCulloch tract just west of the college campus was disapproved by the trustees as re- quiring an outlay of money in excess of what was deemed proper for ex- penditure. Although 20 official opin- ion was eXpresse to this effect, it is probable that the executive com mittee will decide upon the plan for new buildings on the campus suffi- ciently large to house the academy, in- cluding dormitory space large enough for requirements. Adoption of this plan would make available rooms in the present dormitories now occupied by academy students and would also relieve the crowded condi- tion in the main building, where all classes are assembled and instructed. two of the main purposes actuating Dr. Reynolds in the submission of his recommendation
 Finances of the college have grown steadily during the year despite the generally depressed condition of busi- ness. Dr. Reynolds and J. I. Me Clurkin, the treasurer, showed in their annual reports that SI20,000 had been collected on pledges made in the Chris tian education campaign and at other times, and added to the endowment. Four gifts of considerable size are included in this aggregate of funds, the donors in all cases requesting that ther names be withheld. One gift was for $50 000 another for S12.000, another for S10.000 and three for 5000 each. Other contributions made to the college were of smaller amounts.
 On the strength of these gifts and payments on pledges. the college was advanced $33,000 5y the General Educational Board of New York City on its conditional gift of $100.00O. Above and beyond these two sums. the college collected and used $28,000 for the retirement of outstanding debts. A remarkable financial showing. which received the outspoken praise of the lay members of the board, was in the fact that not one cent in either principal or interest has been lost by the college on loans made from en- dowment funds The trustees also commended in general the excellent and capable manner in which the col lege's business affairs are handled.
 Utmost harmony marked all the deliberations of the board. It's ses- slon was convened in Dr. Reynolds study after the chapel service shortly before noon. Reports by pr. Rev holds and Mir. McClurkin occupied the time of the board until the middle of the afternoon when the recommen- dations were submitted and decided upon. Adjournment Vas taken short ly after , o'clock.
 
 Former Governor George w. Don. aghey as vice chairman of the board was added as a member of the loan committee, the other members of which are Dr. James Thomas, the chairman, Dr. F. s. II Johnston and Dr. Reynolds as ex-officio member. The board also recommended to the Little Rock conference that Mir. Donaghey and Dr. Philip Cone Fletch- CT, whose terms expired with the pres ent meeting. be re-appointed as con- ference members. The same recom- mendation was also made to the North Arkansas conference in regard to Rev. A. E. Holloway of Searcy.
 With adoption of the budget as submitted by Dr. Reynolds and Mir. McClurkin, the trustees returned all members of the faculty and admin istrative officers of the college to their present positions. t was voted in addition to add another associate in the department of history and econo- mics, selection of the associate to be left also to the executive committee. 
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