The Gavelyte, October 1914

CEDARVILLE COLLEGE Q alumnus of our college. 'iVe wish to state 'briefly some things that have -been accomplished and then outline eome work that we hope to accomplish. In 1910, a movement was started to create a fund, to be known as the Alumni Endowment Fund. The graduates were slow in taking hoJld of the proposition. !However, up to this date, thirty-six graduateb haYe made one or more contributions to the fund and Dr. and ·Mrs. McKinney, Dr. and Mrs. 11\IcChesney, Profernor Jurkat and 'Professor Allen have also made contributions. At this time, $332.82 is on de– posit with The Cedarville Building and Loan Asso(!iation, where it draws a dividenJd of three •per cent every six months. 'By, ye.ars the money has been paid in as follows: In 19'11, $96; in 1912, $32; in 1913, $66; in 1914, $118.10. It is well to state that of the last amount men– tioned, $60 came from the Alumni Association treasury and wa,, trani:ferred to the credit of the Endowment Fund by order of the Executive Committee of the association, subject to the ap,proval of th0 association at its next annual meeting. The sum of $312.10 has been contributed. !Inter est and divi1dends have amounted to $20.72, making a total on deposit as stated a!bove. Briefly, this is the history of the movement to date. It is now proposed that a definit e amount in a definite period for definite purpose be raised by the alumni for the college. How doES this meet your judgment? Let the •purpose be the endowment of an alumni chair in the college. Ten thousand dollars ·will endow a chair, nearly. Let that be the amount. Let the paiod be five years. There are now one hundred ana fifty-five graduates. The following table will illustrate what can be done if we all pull together: $ 5 per year for 5 years multiplied by 155 equals• $ 3,875 $10 per year fo~ 5 years multipli ed by 155 equals $ 7,750 $1 G per year for 5 years multiplied by 155 equa:1s $11,625 $20 per year for 5 years multiplied by 155 equalS; $15,500 $25 per year for 5 years multiplied by 155 equals $19,375 An average contri'bution of fifteen dollars per year apiece will more than raise the $10,000. There may ·be some who will not sub– seriLe at all. Others may subscribe only five or ten dollars per year, lrnt there ought to be enoug·h among us who will pledge an amount al.Jove the average sufficient to bring the total up to $10,000.00 for the five-year perio1d. nder the plan as outlined albove, twelve graduates of the col– l ge who reside in Greene county, Ohio, have pledged $480, or an average of $40 apiece, for the five-year period. Many others who live in Cedarville and vicinity will do as much or more. Every alumnus with whom J have discussed the plan approves it. l b lieve it is prac– ti c.;a IJ I c>. ('onePrning the "Grace of Christian Giving," nolhing· need b said to t11P graduat s of our eollege IJecau~ the) know th benefits which