ment Funds and a satisfactory interest rate the rate of income return upon our School and General Endowment Funds being .054. The receipts from tuition show a further gain of $3,081.58 over those of a year ago, when they were considered as remarkable the present figures being $88,613.26, which is more than half the total amount received from all of our churches and all of their affiliated organizations, including the Women's Societies. The amount released from the Conditional Gift Fund was $6,966.66, as against $67,550.02 the previous year when the Mary J. Barnard gift became available. $79,331.59 of the receipts from legacies were used on account of the current year's expenses, and the Committee has passed $86,144.83 to the Reserve Legacy Accounts for use during the fiscal years 1919-1920 and 1920-1921, following the usual custom regarding legacies from one thousand to twentyfive thousand dollars by which only one-third of the amount received from such legacies is used upon the current year and the remaining two-thirds is credited in equal amounts to the Reserve Legacy Funds for use in the two succeeding years. The amount now standing to the credit of Reserve Legacies is as follows: For current work of 1919-1920.. $65,551.55 The amounts received from Matured Conditional Gifts are treated in the same way, and the reserve funds so accumulated are: For current work of 1919-1920.. ..$6,150.00 An analysis of the payments of $641,367.97, showing comparisons with those of the previous year, is as follows: For Missions, $545,714.14, an increase of $22,717.22, which is due to increases in salaries and to expenditures on building and repair accounts. The following new buildings have been purchased or constructed during the past year in part from the above total: Teachers' Home, Straight College, New Orleans, La. Teachers' Home, Burrell Normal School, Florence, Ala. The Payments for publications are $12,361.98, an increase of $3,203.41. Agencies and Co-operative Activities, $25,575.12, a decrease of $957.04. Administration, $42,192.35, an increase of $5,860.42, which is due to increases of salaries and travelling expenses. War Service, $1,881.87, a new expenditure. Sundry Expenses, covering the salary of the Honorary Secretary, Annual Meeting Expenses and Expenses relating to Wills and Estates, $3,642.51, a decrease of $1,223.98. In the above total of payments there is also included $10,000.00, which has been credited by the Executive Committee to a Sinking Fund to stabilize investments. During the year the following amounts have been received for Endowment Funds: Strong Memorial Fund (additional). Julia A. Merrill Endowment Fund. Timothy Smith Endowment Fund.. Talladega College Endowment (additional). $8,207.17 40,000.00 1,500.00 2,500.00 1,000.00 $53,207.17 The Daniel Hand Income Account showed a credit balance October 1, 1918, of $2,434.90. The income for the year has been $71,951.26, and there has been expended $67,915.57, leaving a balance on hand to the credit of this account on September 30, 1919, of $6,470.59. The Edwin Milman Pierce Fund Income Account had a balance on hand October 1, 1918, of $1,934.89. The income for the year has been $6,280, and the amount paid out $4,196.12, leaving a balance on hand September 30, 1919, of $4,018.77. The Income for special objects not in current receipts was: Income for African Missions, paid to the A. B. C. F. M... $4,291.91 Income for Berea College.. Income for Atlanta University The Summary of Receipts for the years is as follows: For Current Work-General Receipts... Daniel Hand Fund Income.. The Edwin Milman Pierce Fund Income. Income not in Current Receipts..'. 246.87 543.11 $5,081.89 .$642,957.21 71,951.26 6,280.00 $721,188.47 Sundry Endowment Funds.. Daniel Hand Fund (additional) $779,700.28 Making the total receipts for the year. It is hardly necessary to say that The American Missionary Association is confronted by the most challenging hour since its birth. It sprang out of the challenge of a small band of friendless slaves shipwrecked on the Long Island shore some eighty years ago. Then it was that the fathers of this Association arose to become their champions and defenders. From that day to this we have stood for equal rights, political, religious and industrial, for all men upon the common ground of manhood. We have stood for every upward hope and instinct that has made for human advancement. We have steadily resisted the threatening tides of race prejudice. In the early days, when it was claimed that the Negro had neither mind nor soul, our teachers faced shot, rope, lash and faggot, for the cause of Negro education. We can take no lower ground today. As we witness this recrudescence of race prejudices, race hatred, and race discrimination in its fiercest and most passionate forms, as we see black men and women mobbed on the main streets of our cities in the North as well as the South, and lynching more prevalent than at any period since the day of emancipation, it becomes our historic duty in the name of humanity and Christianity most solemnly to protest against such enormities. It is also our historic duty to take up with new emphasis and a burning zeal a constructive program for the remedy of these vast evils. There can be no doubt that the Association's program of Christian education is the one adequate reply to the challenge of race prejudice. We believe that the only way out is to fit the Negro for citizenship; for a citizen of our republic he is We must live with him and will be for many a day to come. and he must be fitted to live with us. sents to the nation are difficulties born of immaturity and ignorance. Whatever fits the Italian, the Polish or the white American boy for good citizenship will also fit the Negro boy. We solemnly warn one and all that what is said to have happened in Arkansas is due to happen in many other places. The great benighted masses of the colored people, uneducated, inexperienced, less able than even the Russians to think for themselves, sore to the very marrow with an accumulated sense of injustice, proud of what their boys have done in the world war, discriminated against in France as well as on these shores, finding their very uniform no barrier to the rope and the stake in the hands of white mobs-these have become fertile fields for social discontent and possible revolution. Justice administered through legal processes and education impartially bestowed will alone make such things impossible. We believe that the war and what has followed it, even more terrible because so shameful, has uncovered the damning ignorance in which these neglected, unfortunate folks have been suffered to seethe, and that, to quote Dean Moore of Howard University, "We must resolve never again to be caught with so great an amount of ignorance on our hands.” REPORT OF THE CONGREGATIONAL CHURCH BUILDING SOCIETY Once more we are glad to report the most prosperous biennium in the history of the Church Building Society. In spite of embarrassments which the great world-war brought to many of our churches, the receipts of this Society in the last two fiscal years exceeded those of any previous biennium. The year 1918 was our banner year, and the total brought . into our Treasury in two years was $608,030.37. Of this amount $73,844.48 went to increase our Church Loan Fund from legacies and conditional gifts, and $18,705.25 went to increase our Parsonage Loan Fund from gifts specifically made for that purpose. Our Grant Fund was aided not only by contributions from churches and their affiliated societies, but by $15,582.65 received from the repayment of our former grants, and $42,523.58 received from the sale of abandoned churches. The contributions of churches and their affiliated societies were nearly $200,000 ($199,111.36). The repaid installments of loans were a little more than $200,000 ($202,928.24). About one-fourth of this amount ($47,070.54) were repayments of parsonage loans; a little more than three-fourths ($155,857.70) were repayments of church loans. The income from interest amounted to $46,358.14, and miscellaneous sources gave the balance of the receipts. It is encouraging to note that the contributions of churches and their affiliated societies in this latest biennium exceed those of the previous two years ($143,301.01) by more than $35,000. But they are still far below the apportionment mark set many years ago, which should have given us $340,000 from this source. DISTRIBUTING THE MONEY War conditions brought serious interruption to the churches in the matter of improving their equipment. The cost of labor and material increased so greatly that we advised them to postpone building except where delay would have been disastrous. Yet in many places they were forced to complete |