a guiding body possessed of the courage and faith that have animated the corporation of the institution from the earliest days, and especially with the able men who have been its presidents, success was assured. While the school was yet struggling for its very existence, with few friends and little money, they never faltered. They have not hesitated again and again to plunge the school deeply into debt when its needs required it, trusting to the generosity of New England that it should not be allowed to be crippled, and each time has their confidence been justified.
Poverty has never been permitted to impair the efficiency of the school. As President Crafts remarked in a recent annual report, “We are less favored than many neighboring institutions in building space, but we have always followed the wise policy of keeping in the foremost rank and in some departments leading the way in supplying the best methods and apparatus for teaching and for making investigation. We have run in debt to buy them, and run