Rev. Walter Kilpatrick, the third president of Cedarville Col– lege, served until 1942. He was the youngest president of a college in the United States at that time. Dr. Ira Vayhinger, fourth president of the College, led the institution until 1950. McChesney had no greater joy than to travel from church to church proclaiming the Gospel he loved and requesting support for the college he loved. Perhaps the greatest compliment that could be paid to a man was awarded McChesney in an editorial in the Cedarville Herald. After describing him as a "first citizen of his community and of the religious community at large," the editor concluded, "He lived each day what he preached and what he taught as well as what he advocated for the uplift of his fellow citizens."6 The Rev. Walter Smith Kilpatrick was selected by the Board of Trustees to replace McChesney. Kilpatrick had graduated from Cedarville before attending seminary. He became president-elect on January 1, 1940, serving with McChesney from that time until September 1, when he officially became full time president. 7 Kilpatrick was inaugurated on Friday, October 4, 1940. The gala occasion included an address at the inaugural dinner by the honorable John W. Bricker, governor of the State of Ohio. But amid all the celebrating in which representatives from numerous colleges and universities throughout the state and the country participated, there was an aura of melancholy. Perhaps an honest confession would be ac– ceptable at this time. By the time the monthly check has been received there are other unfore– seen things which come up. The college comes off the list, feeling that next month I can pay the college as well as this month. Anyhow one has the feeling that the college will not object as strenuously as the garbage man or the insur– ance man. 28 After 2S years of frustration and heartbreak, it would have been easy for the trustees of Cedarville College, chagrined by their own mistakes and the mistakes of others, simply to throw in the towel. Why not lock the doors before becoming responsible for debts beyond one's assets? The answer to that question was an awareness on the part of the Board that Cedarville College had come into existence for a purpose. It had been created as a training ground for pastors, missionaries, and Christian leaders. The trustees believed that purpose was worthy of preservation. The motto of Cedarville College, "For the Crown and Covenant of Christ," was still the foundation stone upon which the institution stood. Though the dream to see the cause of Christ forwarded through the college seemed on the verge of extinction, the trustees persevered. Then, at the last moment, when all other Chapter X/79