Administration of Charles Elisha Taylor, 1884-1905 253
crease in his report to the board of Trustees in June, 1885, President
Taylor said it was partly due to the provision made for free tuition at
the State University, and he urged that the Board provide some means
of increasing patronage. At the same time he pointed out that there
was necessarily keen competition among the six higher, educational
institutions of the State for the small number of freshmen, 250, who
entered them annually.7 Speaking further of the need of increased
patronage President Taylor said: "It is my honest conviction, that the
Baptist young men of the State ought, as a rule, to be educated at
Wake Forest. How shall we secure the patronage of our own people
who propose to educate? And, inasmuch as, at this stage of our
educational progress in the State, it is needful for us not only to
furnish education but to create desire for it, how can we awaken the
interest of the masses of our people?"
The provisions of the Bostwick Loan Fund were admirably de-
signed to meet just this situation and did meet it very effectually, but
the Fund did more in encouraging many young men who otherwise
would never have gone to college to seek a college education. At their
meeting in June, 1886, the Board of Trustees most thankfully received
the new gift, and accepted the terms which Mr. Bostwick had set out
in his letter dated January 30, 1886, which was sent along with the
certificates of stock.
In his report to the Trustees at the commencement of 1886, along
with his report of Mr. Bostwick's gift, President Taylor urged the need
of more endowment to meet the growing needs of the College; there
had been 180 students during the past year, and a larger faculty was
needed; he represented that in "the present financial condition of
North Carolina" (a chronic complaint), it was hopeless to expect that
any general effort to add to the endowment here would be successful,
but that a suitable man might be sent to the North to solicit funds
there with fair hopes. The Trustees, through a committee of which C.
Durham was chairman, reported at the same meeting adopting the
suggestion of the President and advising the appointment of a com-
7 Proceedings for June, 1885, and June, 1886. Pp. 297, 314-15.
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