Article

TREASURER'S REPORT

December 1916
Article
TREASURER'S REPORT
December 1916

The report of the Treasurer of the College for the fiscal year ending June 30, 1916, has just been published and is ready for distribution to those interested.

A particularly interesting feature of the report is the introductory letter signed by the retiring Treasurer, Charles P. Chase, who resigned his office on the first of July after twenty six years of service. In this letter Mr. Chase points out that in the last century the assets of the College have increased from about $1,300,000 to nearly $6,000,000. In 1890 the income from tuitions was just under $13,000; in 1916 just under $200,000. In 1890 the income from investments was some $47,000; in 1916, $268,000.

Deficits have, too, increased with other things. In 1890 the College ran behind by $265; in 1916 it ran behind by almost $5000. In 1916, however, it may be remarked that the alumni were on hand to make up the deficiency and bring the year to a close with a clean balance sheet.

The form of the report Mr. Chase as usual credits to Mr. Edgerton who has now succeeded to the office of Treasurer.