Fifth Annual Report, October 19th, 1902 . l as the most careful management to bring the expenditureswithin the limits of our funds. Though these difficulties have been pronouncedso that the school has felt itself hampered at every turn, yet the outlook is farbrighter than it has ever been in previous years. Our stringency has been re-lieved by the annual appropriation from the State of $2500, secured through theefforts of our staunch friend, Mr. Ralph Blum. This sum, together -with theappropriation of $6500 from the Federation of Jewish Charities of Philadelphia,and our other sources of income
Fifth Annual Report, October 19th, 1902 . l as the most careful management to bring the expenditureswithin the limits of our funds. Though these difficulties have been pronouncedso that the school has felt itself hampered at every turn, yet the outlook is farbrighter than it has ever been in previous years. Our stringency has been re-lieved by the annual appropriation from the State of $2500, secured through theefforts of our staunch friend, Mr. Ralph Blum. This sum, together -with theappropriation of $6500 from the Federation of Jewish Charities of Philadelphia,and our other sources of income, bring us to the end of our fiscal year entirelyfree from debt, with a property value to the credit of the National Farm Schoolof probably $70,000. The second graduation of the school took place on June 26. The graduationclass consisted of six members, all of whom had completed the prescribed course kW^ ? P^S- ^^k / • Hi 1 FUHffiH H r^^^H 1^ ! /•c-:J 1 IffiHHRI -i^ —T ail-. - -^^^^WlWHiii f ^ ZADOK M. EISNER CHEMICAL Grafting in the krauskopf Memorial greenhouse. 13 with credit to themselves, and to the institution which graduated them. In thepresence of a large and representative concourse of friends, the baccalaureateoration was delivered by the Hon. Charles Emory Smith, whose masterly address,as well as the able addresses by the Rev. Dr. William Rosenau, of Baltimore,and Mr. James L. Branson, of Langhorn, will here only be mentioned, inasmuchas they are to be published in full in our annual report. The graduates of the last class immediately found positions for them-selves, and are already vieing with those who were graduated a year ago in thesuccess attained. This is indeed a practical test of our work, and it can be said,,without the slightest fear of contradiction, that had we sent forth ten times thenumber of graduates, there would not have been the least difficulty in finding-acceptable positions for them. I need but quote as evidence of this stateme
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