380 History of Wake Forest College
sive campaign of 1927-28 the president and faculty of the College
freely cooperated, and spoke in churches on Sundays in all parts of
the State, sometimes in as many as three churches on one day. The
results, however, were disappointing to the College. The total pledges
were $974,406.71; total collections almost exactly $500,000, one-
third the hoped-for amount. The minutes of the Convention show that
the College had received by January, 1932, as its part, after the
payment of expenses, $41,027.19 in cash, barely enough to pay the
debt as ordered on the extension to the Library. The College also
received a "Refunding Note" (on the Meredith College debt) to the
amount of $18,405 which was paid with six per cent interest after a
few years. Finally of the expected $250,000 only $61,627.19 was
secured for the College. The total gained in this way for the W. B.
Royall Chair of Greek was $20,727.69, of which a further word needs
to be said. At a called meeting of the Board of Trustees on March 20,
1926, a committee consisting of President Poteat and Dr. Lynch and
Mr. J. A. McMillan had been appointed to raise money for it in
connection with a campaign for the funds for the extension of the
Library. The alumni were also asked to assist. The total amount raised
by all was very small, probably not more than $10,000 for the two
In June, 1927, the Trustees asked Dr. J. W. Lynch to continue the
campaign, who secured at least one considerable gift for the purpose,
that of J. W. Bailey for $500. Although the details of how the money
was secured are not clear the Trustees carried out their purpose and
established the William Bailey Royall Chair of Greek, the designation
of which first appears in the catalogue of 1931.
Although the Trustees, president and members of the faculty had
done a great part of the canvassing for funds in the Centennial
Campaign there is much evidence that they were not satisfied that the
expansion of the College should be limited to what could be done
with one-sixth of the amount got on collections from that
See President Poteat's report for May, 1927, when "the greater part of the
money remained to be collected."
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