n^ £ &\% "DO NOT LET THE NEEDS OF THE HOUR, HOWEVER HEAVILY THEY FALL ON THE MEN AND WOMEN OF TODAY, PERMIT NEGLECT OF THE DEFENSES OF TOMORROW"— Message of the Uni- versities of France to the Schools and Colleges of America. The GROWTH OF Middlebury College A ^ ^ THE RECORD OF 115 YEARS AT MIDDLEBURY OCCUPATIONS OF GRADUATES Ministers - - 658 Lawyers 519 Doctors - 156 Teachers 1198 School Superintendents - 80 School Commissioners 7 College Professors - 200 College Presidents 37 Governors - 12 United States Senators 4 Members of Congress 18 Judges .... 100 HAS IT BEEN WORTHWHILE? One out^of ten of the living graduates and former students is now serving under the colors in army or navy. 1906 1907 1908 1909 1910 1911 1912 1913 1914 1915 1916 1917 1918 STUDENT ATTENDANCE [Exclusive of Summer Session] Note the Consistent and Healthful Growth 136 | 156 I 118 178 I 202 I 226 276 305 330 | 338 | 343 372 292 | 1918 showing first decrease for twenty years; due to army and navy enlistments SUMMER SESSION ATTENDANCE 1909 w K 1910 1911 f 1912 5 R 1913 C 1914 1915 1916 1917 86 I * < <^ The Summer Session was organized in 1909. 95 | 1 11 84 L 120 120 149 In 1912 the admission of high school students was discontinued, Note the Growth from that year. 184 | 206 I INCOME FROM STUDENTS 672 Per Cent Gain in Eleven Years 1906 $4,904 | 1907 $5,194 | 1908 $5,G9G j 1909 $11,095 | A remarkable progress, but 1918 will show 25% war time loss. 1910 $15,604 1911 $19,687 1912 $23,913 1 i 1913 $27,211 \ 1914 $27,285 \ 1915 $31,314 | \ 1916 $31,953 | A 1917 $37,484 TOTAL INCOME More Than Quadrupled in Eleven Years 1906 1907 1908 1 909 1910 1911 1912 1913 1914 1915 1916 1917 $25.914 $28,496 $28,490 $29 f 299 $36,072 j $54,781 $59,113 $69,498 j $74,763 1 $89,142 | $92,782H $105,222 ] INVESTED FUNDS Endowments More Than Doubled 1906 1907 1908 1909 1910 1911 1912 1913 1914 1915 1916 1917 $415,059 $416,182 $415,340 $445,215 $445,743 $429,081 $453,464 $515,809 | $541,712 $530,853^ ] J563,479 | $966,56P"1 VALUE OF BUILDINGS AND GROUNDS Nine New Buildings, 214 Acres Added to Campus 1906 1907 1908 _$233,50"cn $233,500 | $240,000 1 1909 $240,000 1 1910 $242,500 1911 $265,987 1912 $341,354 | 1913 $422,862 | 1914 $429,994 | 1915 $518,455 1916 $703,040 | 1917 $745,755*1 COMPARISON OF ENDOWMENTS DEMONSTRATING MIDDLEBURY'S NEED Bowdoin Amherst . Wesleyan Williams . Middlebury STUDENTS ENDOWMENT PER STUDENT 434 $2,401,653 $5,573 5<>9 3,000,000 5,940 480 2,414,768 5,030 549 2,338,500 4,259 372 966,810 2,599 ANNUAL INCOME FROM ENDOWMENT PER STUDENT $276 297 25« 213 96 THE LIBERTY ENDOWMENT FUND WHAT IT IS : A proposed addition of $300,000 to permanent trust funds. THE OFFER: $100,000 pledged conditionally, provided $200,000 additional is subscribed before July 1, 1918. WHO MAKES IT? A friend who means what he says. We must meet his terms or lose his money. WHY LIBERTY ENDOWMENT ? Because payment in Liberty Bonds is preferred. All issues accepted at par during the war. WHAT FOR ? General Endowment: increase of salaries of Professors and improvement and expansion of college work. WHY NECESSARY? Because owing to war conditions deficit and debt confront us unless we increase our funds WHEN PAYABLE ? Before July 1 preferred. If desired, in three annual installments beginning July 1, 1918, with interest at five per cent. RESULTS TO DATE The conditional offer The Hudson Fund One subscription Two subscriptions at $5,000 Four subscriptions at 1,000 Two subscriptions at 500 Four subscriptions at 250 Two subscriptions at 200 Eighteen subscriptions at 100 Three subscriptions at 75 100,000 ' > Twenty-seven subscriptions at #50 - $i,35° 8,300 I > One subscription - - 45 10,000 ( > Five subscriptions at 30 150 10,000 * > Five subscriptions at 25 - - 125 4,000 ' > One subscription - 20 1,000 { > One subscription - - 15 1,000 400 < > Two subscriptions at 10 20 1,800 I $138,450 225 < WHY NOW? Because deficit and debt confront us. The colleges feel the wir more severely than any other institution or business. It is taking our very life. They called on our boys first for the officers' training camps, for the navy, for ambulance corps, for every special branch of the service, and those left were subject to the same draft as others. We are proud of the response they made — our attendance has fallen 27 per cent from last year — but we must ask help to meet the financial problem. Because the future will demand a more efficient college. There has never been a time when the American people have had greater reason for interest in theii colleges. War is the arch destroyer and we have as yet no realization of the tremendous wastage the world has suffered. The damage can only be repaired by enormous labor, and the labor must be directed by intelligence. It is time now to prepare for an adequate supply of trained leaders. A host of new problems will arise after the war. It will be America's golden day of opportunity, economically for the expansion of business, and not less morally and spiritually in the construction of a new world democracy. We dare not neglect the message of the Universities of bleeding France to the colleges of America : — " Do not let the needs of the hour, however heavily they fall on men and women of to-day, permit neglect of the defenses of tomorrow." THE MORAL It has taken me ten years to write this little book. The story has been told for one purpose only — to inspire confidence in Middlebury College as an institution which merits benevolence because of her record and which is in urgent need of further assistance because of the depletion of students on account of the war. A college which has doubled her endowments, trebled the value of her buildings, quadrupled her annual income, and multipied by six her receipts from students, all within a period of ten years, merits the support of the discerning. The appeal of Middlebury College is in behalf of students who can afford college opportunities only at very moderate cost. There are large numbers of them in New England and adjacent States, and during all her history Middlebury College has held out to them special opportunity. This traditional policy is being maintained to-day and a large proportion of our present students are working their way. Proper facilities for them require an increase of our funds, and for this purpose and to save the college from a serious set-back because of war conditions, I appeal most earnestly for subscriptions to the Liberty Endowment Fund, toward which we have received a conditional offer of one- third of the total. A blank providing liberal terms of payment is enclosed herewith. Middlebury, Vermont. //