interest, from the student. Miller made the proposal because only about 15 percent of the students were paying their fees at the beginning of the term. Miller also indicated that the college had experienced great difficulty in collecting tuition money. In this March 26 meeting, Miller indicated to the Board that three institutional needs were obvious: (1) more money; (2) more students; and (3) improved housing facilities. He further reported that the accounts payable had reached the level of $32,000, which, in spite of $8,000 in gifts, left a current debt of $24,000. The trustees voted unanimously that a "special committee be appointed by the chairman to renew our plans for operation of Cedarville College, the problems connected herewith, and bring in a report to the Board of Trustees within 30 days, or as soon as possible."z Despite the discouraging news in the March meeting, the college trustees continued to move forward. In their June meeting, they approved the granting of 13 degrees. President Miller reported repairs were being made to the gymnasium and a campaign to raise funds was being planned for September 1, 1952. The proposed fund drive was to provide two additional residence halls - one for girls, and one for boys - and to increase and replenish the endowment. He reported "that the prospects for new students seemed excellent."3 Consequently, the Board authorized Miller to issue contracts to the faculty for the next academic year. However, the chairman of the Investment Committee was "authorized to sign proxies, to sell, assign, and pledge any or all the securities held in the name of Cedarville College." This motion carried but the minutes omitted the usual reference to Board unanimity.4 By November 1952, the trustees realized that the Endowment Fund was virtually gone. They had authorized the borrowing of $37,000 in their April meetingS with the expectation that the fund drive to be launched September 1 would help make up the difference, but the funds were not forthcoming. It became a serious question as to whether or not the school "could open for the remainder of the 1952-53 college year."6 In their December meeting, the trustees vigorously sought a means of raising $50,000 to $75,000 in order to save Cedarville College. Board members were urged to "make a firm resolve to do everything within their power" to bring this financial drive "to a successful conclusion."? .In addition, they were urged to find a businessman to serve as president of In this house, the application Eor Charter was signed on January 20,1887, by Thomas Gibson, Hugh McMillan, Hugh McCollum, Richard Parks, and James Morton. Six days later, on January 26, 1887, the Secretary oE State issued a Charter Eor "The Cedarville College." This house soon became the President's home, housing both McKinney and McChesney. 14/Chapter II