. Reports of the missionary and benevolent boards and committees to the General Assembly of the Presbyterian Church in the United States of America . zz_iJ ALMA COLLEGE, MICHIGAN. The four other institutions aided from the property Fundare not entirely free from debt; but two are practically free,their small indebtednesses being covered by trustworthy securi-ties in legal form for twice the amounts of their debts ; one willprobably free itself soon ; and it is hoped the fourth will workits way out. Ten institutions freed from debt, two assured freedom verysoon, and two more set in the way towa
. Reports of the missionary and benevolent boards and committees to the General Assembly of the Presbyterian Church in the United States of America . zz_iJ ALMA COLLEGE, MICHIGAN. The four other institutions aided from the property Fundare not entirely free from debt; but two are practically free,their small indebtednesses being covered by trustworthy securi-ties in legal form for twice the amounts of their debts ; one willprobably free itself soon ; and it is hoped the fourth will workits way out. Ten institutions freed from debt, two assured freedom verysoon, and two more set in the way toward it is not a bad recordfor a year of financial panic. What it means to the Churchsinterests appears in these words of the Secretary of the Board 1894.] ELEVENTH ANNUAL REPORT. 5 of Trustees of one of the fourteen institutions: He writes tothe Board: You can scarcely appreciate how the lifting of the big debt has put new life into some of our best trustees. It is a source of great pleasure to some of us to see the friends multi- plying. It is no longer common to hear apologies almost for the College daring to exist. People now talk of what it
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