year, and that the churches of its territory gave about $25,000 more.
They learned also that most of the buildings had been provided by
friends of the college, with the Carnegie Library mainly the gift of the
millionaire ironmaster. They learned also that about $500,000 of the
endowment had been raised in the last two years, under the promise of
the General Education Board, which is a Rockefeller creation, to provide
the last $125,000. The college property was valued at about half a
million dollars.

"And there you are, Martin Luther, my bold reformer," said J.W.,
cheerfully. "The people who put up the money have invested about two and
a half millions on you and me, and the other five hundred students, say
about $250 a year per student. And we pay the rest of what it costs to
give us a college career, $125 to $175 a year, depending on our taste in
courses. I remember I felt as if the John Wesley Farwell family had
almost gone broke when dad signed up for $1,000 on that last endowment
campaign. I thought the money gone forever, but I see now he merely
invested it. I've come to Cartwright to spend the income of it, and a
little more. Five or six people have given a thousand dollars apiece to
make a college course possible for each of us. There's some reason in
college endowments, after all."

And Marty said, "One good I can see in this particular endowment is that
anybody but a selfish idiot would be glad to match four years of his
life against all the money and work that Christian people have put into
Cartwright College."

"I hope you don't mean anything personal by that remark," J.W. said,
with mock solemnity, "because I'm inclined to believe you're more than
half right. It reminds me again of what Phil Khamis said. I'm beginning