22 History of Wake Forest College
definite salary of $1,500, and Dr. William Royall who was offering
his resignation at the same time withdrew it only after the Trustees
had agreed to the regular salary of $1,200 a year for a full professor.
W. B. Royall and L. R. Mills, both as tutors and assistant professors
received $750 a year. As has been stated above, it was no very
favorable impression that the young Mills got of the financial
prospects of the College in December, 1866, although 1866 had been
a good year, with cotton selling for thirty-five to forty cents a pound,
and the general prosperity had in a measure extended to the College
28 Mills, "Forty Years in the Wilderness."