Administration of Charles Elisha Taylor, 1884-1905 257
of the Baptists of North Carolina. As it turned out this new interest
soon proved a bar to the canvass for funds either in the State or out of
it for the endowment and equipment of the College. President Taylor
saw that it was a serious situation and possibly dangerous to the
welfare not only of the College but of Baptist education generally in
North Carolina. At this time a plan was maturing in his mind by
which the danger would have been obviated and the educational
institutions of the Baptists of the State unified into a cooperative
system. During the following summer, the design of leaving the field
free for the "female college" was disrupted by a proposition of Mr. J.
B. Bostwick, which President Taylor presented to the Board at a
meeting in Raleigh on July 31, 1890. His proposition showed that Mr.
Bostwick thought the Baptists of North Carolina ought to do
something themselves for their College and he proposed to add one
dollar for its endowment to every two they would raise from other
sources, with the provision that his gift would not exceed $50,000.
The Trustees were not able to resist the temptation of this offer, and
asked President Taylor to take the field and raise all possible. This he
did, beginning his work with the people of Wake Forest on September
7, 1890, and continued it, not stopping "for ill health or bad weather."
He saw individuals, visited churches and associations and the Baptist
State Convention, and had the cooperation of Professor Carlyle and
other members of the faculty, and of many of the pastors of the State
and of the Biblical Recorder. They all told the same story: the annual
revenues of the College were a thousand dollars less than the current
expenditures; without additional endowment the College must go
backward and perhaps drop one or more of the members of its faculty;
but with an additional one hundred and fifty thousand dollars of
endowment not only could the present efficiency of the College be
maintained but additional departments of study could be added, thus
enabling it to keep in the front rank of the colleges of the country;
never had such a liberal offer been made to the Baptists of any other
State as Mr. Bostwick was making to the Baptists of North Carolina;
let us raise this money and then leave the field
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