114 History of Wake Forest College
and appointed many committees, and offered many concessions in
their efforts to get such a house of many names, none was built during
the years of the Institute
We now turn to consider the struggle of the Board to raise the
necessary funds to pay for the completion of this rather ambitious
program of building. Although Rev. John Armstrong was, as stated
above, wonderfully successful in securing subscriptions, the Board of
Trustees found great difficulty in meeting the payments of the College
Building. Mr. Armstrong gave up the agency February 1, 1835. Rev.
W. H. Jordan was appointed his successor,31 but served only a short
time, being succeeded in November, 1835, by Rev. Amos J. Battle
who served until 1838, when President Wait was relieved of his duties
as President and asked to take the field as agent. These men kept the
needs of the Institute before the Baptist membership, secured further
pledges and made collections. To encourage giving, the Board passed
a resolution declaring that any one who should subscribe the sum of
$25 or upward should be named a "patron of the
But after
paying for the temporary buildings the Board of Trustees found it
necessary to borrow some money to make up the amount of the first
payment on the College Building on January 1, 1836.33 At this same
meeting a committee consisting of Battle, Roles, and Dockery,
reported on the state of the Treasury showing that the Institute was
about $3,000 in
Proceedings, passim, from 1834 to 1837.
Proceedings, December, 1834.
Proceedings, December, 1834.
Proceedings, November 26, 1835.
A copy of this report, dated December 30, 1836, is preserved in a large record
book, unlined, which contains also lists of students for the years 1832-36. First, it
gives financial summaries of the various departments of the Institute, amounts due
by students, and so on, and adds the following interpretative note. "We find that the
Institute is indebted up to the close of the last session of the present year the
following sums to the following persons: To Samuel Wait the sum of $517.04. To
reduce his balance to that sum, he has relinquished $400 of his salary for the year
1835, and $200 of his salary for 1836, and his claim to $100 loaned to the Institute
in 1834, with this understanding, that the Trustees are to pay to the treasurer of the
building committee of the Institute the sum of $500 as a donation from him. To
William Crenshaw, treasurer, $2,307.91. To Charles R. Merriam, steward, $518.26,
making together the sum
Previous Page Next Page