Administration of Charles Elisha Taylor, 1884-1905 261
denomination because our own College could not furnish the facilities for education
which they demanded.
We now have 227 students representing eight different States, and better
equipment and endowment than ever before. There are wider possibilities for our
Baptist young men now than ever before-wider possibilities for political preferment.
We have plowed our way through difficulties until we have made the world respect
us. Give us $500,000 endowment and we shall have 500 students there. He had
recently visited the great Northern institutions of learning, and he came away lifting
up his head with pride at the sort of instruction our young men were getting at Wake
Forest College.
It was a work brought thus far that President Taylor found himself
almost forced to leave uncompleted. He had hoped for a unified
educational program embracing academies and colleges, but all
efforts to agree upon this were unavailing, though it was probably the
one thing that could have conserved the interest already excited and
furthered rather than retarded the interest in the Baptist Female
University. He then thought of the alumni as a reserve force, and of
the endowment of special chairs. We have already seen what was
accomplished in this way-less than $25,000 raised for the "Royall
Chair of English" over a period of ten years. Under the fierce
competition of the State University for students of which something
will soon be said, the College had to retreat and has never regained
and possibly never will regain the place of relative importance in
North Carolina college education it had in 1891-92.
One evidence of the check in the progress of the College was the
fact that its income continued to be less than the necessary expenses.
Year after year the treasurer reported a small debt; the Bursar reported
a debt, and part of the salaries of the members of the faculty were
remaining unpaid, while other current expenses were paid only by
borrowing money. The liabilities reported by the Bursar in May,
1893, were $15,854.97; a year later they were $16,978.82, the annual
deficit being $1,123.85. In this situation with Trustees planning
retrenchment President Taylor found it necessary to make a most
earnest plea to the Board of Trustees at their meeting in June, 1894, to
make no
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