Cedarville College Bulletin, October 1922

"There are three possible sources of college income, namely, student fees, income from endowment funds, and annual donations. The latter source is an uncertain one. While dependence upon it serves in part to keep an institution in living relations with its con– stituency, it does not because of its uncertain character, provide a sound or permanent foundation on which to build." Letter from an alumnus of a college :-"I am going to support the --- College Campaign because --- put its facilities at my dis– posal at less than cost. The difference between cost and the price charged at compound interest since I left college I figure is worth today at least $1,000. This is not sentiment; this is fact, and as a matter of equity, I figure that every --- man who has been out of college ten years or more actually owes --- $1,000. In my par– ticular case I feel that I owe more because I had the benefit of a scholarship when in college." "Those who urge upon denominations the policy of founding and adopting colleges will need in the future to reckon more closely with the economic side of college support, and particularly· with the rela– tion of cost to good teaching."-Dr. Henry S. Pritchett. From Why Colleges Need Endowment:-"First-Except in rare instances, Christian colleges have been founded by far-seeing men and women with very limited means. Had they waited until the , church was able to equip and endow its educational work adequately, it is a grave question whether the church would have any colleges today. When Yale, Harvard and Princeton were established, the college curriculum was not equal to that of a present-day first-class high school. These institutions have grown as the country has grown. "-L. E Holden. EEDS "The church has come to see that if it depends upon the colleges to render the foundation-building service which it is under the compulsion of rendering through them, they must, each of them, be equipped and endowed with every modern facility for doing the great work they are providentially called to do. Their brave and heroic struggles with poverty, their pathetic efforts to make bricks without straw, the noble spirit in which great men and women have worn themselves out in sacrifice in a cause, the significance of which the church, indifferent or unintelligent, has failed to realize, the amaz– ingly large educational achievements with such small