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Page 22 text:
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Page 21 text:
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Through the untiting efforts of the present administration Valpa- raiso University was accredited Match 15, 1929, by the North Central Association.
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Page 23 text:
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THE RECORD , A REFLECTION The past year has been one of depression and disillusionment for our country and its people. The greatest period of prosperity Which any nation has ever known was followed last year by a sudden collapse of business, industry and finance, a collapse so general and so keenly felt as to make many question the very structure of our industrial civilization. Out of the welter of shattered hopes and ideals there stands out one overwhelming fact. It is this, that also in our material civilization character alone is permanent and victorious. Fore tunes may be swept away over night. They provide no secure anchorage. Life,s true values are not the ephemeral things of time and sense. Happiness and prosperity do not come through the multiplication of machines, the distribution of comforts and luxuries, through inventions and discoveries extending the power of men and leading to the deihcation of the symbol of this industrial agFthe almighty dollar. The depression has forcibly shown how vain in themselves these things are for genuine happiness and peace. Our Savior said long agoeand the economic depression has again emphasized the truth of His Word: Man does not live by bread alone. It is my hope that out of the present disillusionment will come a generation Which places first things ntst, which realize the superior value of the things of the spirit, the things that are not seen and are eternal. Another class of young men and women is leaving our institution to take up life,s tasks and assume its responsibilities. May I urge them ever to place character above gold, godliness above apparent material prosperity, ufor godliness with contentment is a great gain. President Pagg Seventeen
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