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Page 19 text:
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Musk. is THE DEBT LIQUIDATION COMMITTEE Ernest E. Miller, Laban L. Swartzendruber, Orie O. Miller, C. L. Graber, 1. E. Burkhart, Milo Kauffman. Debt Liquidation Program From 1924 until 1932, Goshen College and Hesston College passed through a period of adjustment and depression-nnancing that brought an indebtedness of 9,688,000 upon the Mennonite Board of Education. During the past decade both schools operated on a balanced budget, and increased their assets. Goshen built a library, and Hesston an industrial arts shop, both free of debt, and together reduced the total Board indebtedness to IOS' - W 90 L .2 O 75 ca H- 60 0 -3 45 C 3 3 so .C P- I5 -c..c.. uwozocs 255-?,gno0Dlfl No-CN-Pr-rf 'S9f5 ' 15 874,000 On June 1, 1942 the Mennonite Board of Edu- cation launched a debt liquidation program to pay off the 374,000 debtg to raise 9,523,500 for oper- ating expenses until Sep- tember 1, 19435 and to provide an emergency fund of 87500, making a total of 3105,000. Through the efforts of the committee 385,800.50 in cash was collected by February 17, 1943. Ad- ditional pledges amount- ed to 330,000, so that the total goal of 8105,000 was more than reached. Goshen College now faces the future entirely free of debt.
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Page 18 text:
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FRONT ROW: Edna Amstutz, College Nurseg Mrs. Laura Weaver, Matron of Kulp Hallg Mrs. Bertha Sieher, Chief Chefg Mrs. Royce Engle, Assistant Registrarg Bernice Detwiler, Chef. BACK ROW: Nelson Springer, Manager of Book Store and Snack Shopg Mrs. Siddie Oyer, Matron of Coffman Hallg Esther Graber, Secretary to the Presidentg Zelma Brunk, College Nurseg Ruth Pauline Miller, Assistant in the Business Officeg Mrs. Olive Geil, Chef. Helen Wade - Ethan Horst Dorothy Snapp Clayton Beyler Meryl Grasse - Edwin Alclerfer Paul Brenneman Paul Leatherman Elizabeth Leitner - Willis Loucks Arthur Smucker Galen Miller - Kay Nelson - Verda Lambright - English - Economics - Commerce - Science Survey - - Zoology - Botany - Chemistry - '- Chemistry Home Economics - -Mathematics - - - - Physics Physical Education Physical Education Physical Education
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