96 History of Wake Forest College
moval of the depot it appears that the College had secured in some
way from June, 1872, when the total assets were 516,250, the sum of
$12,265.63, of which more than $7,000 were added to the en-
dowment.
In the general disappointment that so little had been realized from a
campaign conducted with so much publicity and machinery severe
criticism of its managers and of the Trustees of the College
arose.19
The Eastern Association, meeting at Beaufort in October, 1875,
passed a resolution presented by Rev. C. Durham calling on the
Trustees for "a report of the exact financial condition of the College,
such a report as should state plainly and definitely how much has
been subscribed for the Endowment of said College since April, 1865,
how much for endowment or improvement, how much has been
collected for each of these objects, how much invested, in what, how
and by whom invested, and what it is now worth." 20
By appointment J. H. Mills and A. R. Vann made reply in the
Biblical Recorder of October 20, 1875, in which they insisted that if
the College had trustees they should be "trusted," giving no detailed
statement such as called for, but replying in kind to the rather bitter
implied criticism of the resolutions. They pronounced the campaign
of 1873, "which some writers and speakers have pronounced a
success, a disastrous and disgraceful failure." In closing they said:
"The Baptists of North Carolina ought to quit flattering each other and
disband all their mutual admiration societies. They ought to beg less
and promise less,
―――――――
19
In several articles J. H. Mills, himself a Trustee, expresses his dissatisfaction
with the methods of the campaign. In the Biblical Recorder of October 14, 1874, he
gives five ways of "How to endow a College," each of them beginning with the
word "not." The last reads as follows: "Not by desperate appeals either of tongue or
pen. It is the moving, not the dying, lion, that commands respect and admiration.
Every college must be endowed by gifts. Yes, if the Baptists of North Carolina
wish to endow Wake Forest College, they must pay over to the Treasurer according
to their ability. Wait no longer for speeches or letters. Make no more promises or
pledges to be forgotten or repudiated. Publish no more conditional plans to tantalize
and starve the College. Let there be no more desperate appeals. The time to talk is
past. The only way to endow a college is to give money or the equivalent thereof."
20 Minutes of the Eastern Association, 1875.
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