D.D. on Rev. L. F. Walker, President, Oxford Female College, Oxford, O.; Rev. W. L. Green, Poynette, Wis.

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Rev. William Cutter Condit, Class 1863, Ashland, Ky.

L.L.D. on Hon. John M. Martin, M.C. Prof., University of Alabama, Class of 1856; Hon. William C. P. Breckinridge, M.C., Lexington, Ky., Class of 1855; Hon. Joseph C. S. Blackburn, M.C., Class of 1857

The Secretary of the Board reported that Dr. McKee had accepted a proposition made to him in a resolution passed by the Board of Trustees at its meeting in Danville, June 17, 1885, & recorded on pages 146 & 147 of the minutes; and in accordance with that proposition his note to the Trustees for $3,500 had been surrendered to him. A copy of said resolution was presented with Dr. McKee's signature attached, declaring his acceptance of the same. The Board directed a record to be made of the fact and the paper with Dr. McKee's acceptance of the same to be filed.

A telegram was received from Dr. John Jones resigning his office as trustee, and the Secretary was directed to report it to the Synod.

The Board then adjourned to meet at 9 p.m. tomorrow morning and was closed with prayer by Dr. Cleland.

The Board reassembled and the minutes of yesterday were read & approved for record.

Prof. Cheek laid before the Board a request for a year's leave of absence in order to pursue his studies in Europe, provided he could get a suitable person to fill his place during his absence. The case was referred to the Faculty with power to act as they see fit.

Upon motion Dr. Beatty was permitted, at his request, to surrender the trust of what is known as The Scott Trust Fund, and to pass this Fund into the hands of the Treasurer of the College and to take his receipt for the same.

The Committee on the Faculty Report offered a

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report which was accepted and adopted. It is as follows.

The Committee on the Faculty Report respectfully report:

1. They have examined the financial statement of Prof. Fales and the accompanying vouchers, and find them correct with one exception, viz. in the statement of payments made to Prof. Fales, Queen & Co.'s bill is put down at $43.35, making an error of $2 against himself. The error, however, is corrected in the summing up.

2. We recommend the approval of the report of the Faculty. As to the use of the Library for the benefit of the students in the way, suggested in the report, we recommend that inasmuch as the Board can make no appropriation in this behalf at the present time, the Faculty be requested to act in the matter as they see fit.

3. The Board joins the Faculty in thanks to Drs. Martin, McMurtry, and Johnstone for their gratuitous services in lecturing to the students.

4. We accept the judgment of the Faculty in the matter of "The Oratorical Contest" and approve the plan presented in the paper accompanying the Report to the Board.

(Signed) Stephen Yerkes, William H. Kinnaird

The standing committees were reappointed and Mr. Nichols was added to the committee on investment in place of Mr. Temple. These committees are as follows:

Financial Committee: Messrs. Ormond Beatty, George W. Welsh, and Robert P. Jacobs
Committee on Repairs: Messrs. John C. Fales, George W. Welsh, & Guy E. Wiseman
Auditing Committee: Messrs. Robert P. Jacobs & George W. Welsh

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Committee on Investments: Messrs. Edward P. Humphrey, Edward W. C. Humphrey, William C. Young, & George Nichols

The committee on nominations for President of Centre College reported as follows:

The Committee appointed to nominate a President for Centre College report that they are not at this time prepared to make a recommendation to the Board & refer the matter to the Board.

(Signed) Thomas H. Cleland, William H. Kinnaird, William Ernst, John W. Scott

The report was received & the Committee discharged.

It was moved & carried that the Board proceed now to the election of a President by ballot. The Board then took a recess until 3 p.m.

The Board resumed business. The ballot taken for the election of a President resulted in eleven cast for Dr. William C. Young & two blanks - not resulting in an election.

The Board then proceeded to take the ballot for temporary President, which resulted in ten votes for Dr. William C. Young & three blanks. A committee consisting of Messrs. Welsh and Edward W. C. Humphrey was appointed to wait on Dr. Young and inform him of the action of the Board.

On motion the degree of A.B. was in accordance with the recommendation of the Faculty conferred on the following sixteen young gentlemen:

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and the degree of B.S. on W. E. Bryce

The Committee on Dr. McKee's report on his financial & evangelistic work made a report which was adopted. It is as follows:

The Committee to whom was referred the report of Dr. McKee of his agency & evangelistic work respectfully report:

In October 1884, the Board, at a meeting held in Louisville, impressed with the importance of large accommodations in the College Home, unanimously resolved to raise, if possible, $25,000 within one year for that purpose, and also to increase the philosophical apparatus in the scientific department of the College. Subsequently Dr. McKee was appointed to secure that amount. In Nov. following Dr. McKee entered upon that work.

From the report submitted to your committee it appears that since Dr. McKee entered upon this special work in November 1884, the aggregate of collections and subscriptions to the College Home amount to only $2,360, and for furnishing rooms in the Home $172.50, making a total for the Home of $2,532.50.

That during the same time he secured for the Vice President's salary notes and cash to the amount of $4,193.25, exclusive of the free-will offerings received in his evangelistic work; and for the endowment of the Vice President's Chair $1,000; also for the general fund of the College a note for $5,000.

It will be seen from the foregoing statement that Dr. McKee's agency, so far as the main object of it, viz. to procure funds for the improvement & enlargement of the College Home is concerned, has been almost a failure and a sad disappointment of the expectations raised by his report of April 1,

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1885.

This result raises the question of the expediency of continuing the agency. Your committee are of the opinion that no further efforts should be made at present among the churches to raise money for the College endowment fund & the endowment of the Vice President's chair, nor for any other purpose connected with the College, and that at no time hereafter shall appeals be made under the authority of this Board for contributions to the Vice President's salary. They recommend, therefore, that the agency be terminated. But in making this recommendation the Committee would not be understood as discouraging efforts to increase the general endowment fund of the College, or to complete the endowment of the Vice President's chair by appeals to individual friends of the College as opportunity is offered.

In reference to the note of Mrs. S. D. Ray for $2,500 and Mrs. Barret for $500, reported as given for the Vice President's salary, your committee are of opinion that the interest only of said notes should be so applied, and that the principal should be added to the fund for the endowment of the Vice President's chair, and they so recommend. Their recommendation applies to any other notes of a similar character that may be held by the College.

(Signed) William Ernst, Edward W. C. Humphrey, John W. Scott

The Committee appointed to wait on Dr. Young reported that he declined to accept the office tendered to him.

On motion the Board adopted the following paper expressing their continuous confidence in Dr. Beatty & requesting him to remain in charge of Centre College.

Resolved that the Board of Trustees hereby expresses its continued confidence in Dr. Beatty, and that in view of the fact that another President of the

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College has not been secured at this meeting of the Board, Dr. Beatty is to continue in his office as President; and if he desires any relief in the branches of study taught by him the Faculty of the College is authorized to make such arrangement in regard to any study, the instruction of which Dr. Beatty may desire to give up, by transferring the same to the other instructors now in the College, as the Faculty may deem best.

The Secretary of the Board was requested to call Dr. McKee's attention to the order of last year in regard to the time he was to give to his duties in the College.

The Board adopted the following paper in regard to lending the funds of the College:

A proposition having been made by Rev. John L. McKee, D.D., to effect a loan of $10,000 of the funds of the College, the following minute was adopted:

The Board does not approve the policy of lending the funds of the College to any individual connected with the Institution either as professor or trustee, and the Financial Committee is hereby instructed to act accordingly.

Drs. Humphrey and Young and Mr. Edward W. C. Humphrey were appointed a Committee to prepare a memorial of Mr. John B. Temple and report at the next annual meeting of the Board.

The following paper in regard to vacancies in the Board was adopted:

Resolved, That Rev. John Jones & Rev. Robert Christie having tendered their resignation of the office of trustee of Centre College, the resignations of Messrs. Jones & Christie be and the same are hereby accepted, and Mr. John B. Temple having departed this life, a vacancy is created in the office of trustee held by him; and it appearing to the Board that Hon. Tyler T. Alexander, who was elected a trustee of the College, has failed to attend the meetings of the Board for two years last past, a vacancy is hereby ordered in the case of the office

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of trustee to which he was elected.

The minutes were then read and approved and the Board took recess until after the public exercises tonight.

10 p.m.

The Board met & resumed business. On motion the vacancies in the Board were filled as follows:

John J. Hogsett in place of Tyler T. Alexander
J. S. Landes in place of John B. Temple
Rev. J. M. Blayney, D.D., in place of Robert Christie
Rev. Julius W. Waldon in place of John Jones

On motion, Dr. Beatty was unanimously requested to withdraw his resignation & continue President of Centre College, which request Dr. Beatty acceded to, and Mr. James Barbour, as temporary Chairman, was requested to announce the same publicly at the Commencement exercises tomorrow; and also to see that is advertised in the newspapers.

On motion, the Faculty and Financial Committee were empowered to employ a canvasser for students.

The minutes were read and approved. The Board then adjourned to meet on the Tuesday before the third Thursday in June 1887.

Closed with prayer by Dr. Cleland.

[The following minutes should have preceded the foregoing.]

Danville, Ky., April 13, 1886

Pursuant to adjournment the Board of Trustees of Centre College met in Danville, and was organized with Dr. Edward P. Humphrey in the Chair. There were present: Rev. Edward P. Humphrey, D.D., Rev. Stephen Yerkes, D.D., Robert P. Jacobs, Esq., Rev. William C. Condit, Rev. Heman H. Allen, D.D., Dr. John W. Scott, William Kinnaird, George W. Welsh,

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Rev. Thomas H. Cleland, D.D., Rev. William C. Young, D.D., William Ernst, Edward W. C. Humphrey, Esq., George Nicholas, Rev. James P. Hendrick, D.D.

The following paper was submitted, and after discussion was adopted, first in sections and then as a whole.

The Committee of the Trustees of Centre College appointed at the meeting in Louisville, December 22, 1885, to consider and recommend to the Board a plan by which to utilize to a higher degree the Theological Fund of the College and the Theological Fund of the Synod, beg to report:

1st. That it is at this time unnecessary and inexpedient to ask the General Assembly to alter or amend any portion of the contracts and covenants entered into between said Assembly and the Synod of Kentucky and the Trustees of Centre College with regard to the use of the income arising from the two funds known as The Theological Fund of the Synod of Kentucky and theTheologicall Fund of Centre College.

2nd. We respectfully recommend to the Board of Directors of the Danville Theological Seminary when they meet in joint session with us (The Trustees of Centre College) April 13th inst. at 7:30 p.m., to consent to an agreement with us by which a full course of theological instruction shall be provided for by them in said Seminary, to be given by such competent instructors as they can obtain in addition to the present professor, Rev. Stephen Yerkes, D.D.

3rd. We venture further to recommend that so much of the income of the Theological Seminary be expended for instruction for the next year, as

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is equal to the salary heretofore paid to one full professor, viz. $2,500 out of the funds of the Seminary proper.

Your Committee venture to express the hope that if these recommendations are received with favor by the Board which appointed them, and are approved and acted upon by the Board of Directors of the Theological Seminary, there will, in the near future, be found a goodly number of pious men who desire to preach the Gospel but who have reached or passed their majority without a liberal education, who when informed that provision is here made to give them a thorough theological training, and at the same time to enable them to make up their literary deficiencies, will gladly avail themselves of its benefits.

Respectfully submitted, (Signed) James P. Hendrick, William C. Young, Robert P. Jacobs, Stephen Yerkes

The Board then adjourned.

Ormond Beatty, Secretary, Alfred B. Nelson, Assistant Secretary

List of Trustees

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Lexington, Ky., November 30, 1886

The Board of Trustees of Centre College, pursuant to call of the Chairman, convened in the parlors of Dr. John W. Scott, the Chairman, Rev. Edward P. Humphrey, D.D., occupying the Chair. The following members were present: Rev. Edward P. Humphrey, D.D., Rev. Heman H. Allen, D.D., Rev. Stephen Yerkes, D.D., Rev. James P. Hendrick, D.D., Rev. J. McBlayney, D.D., Rev. Claud B. H. Martin, D.D., Rev. William C. Condit, D.D., George W. Welsh, Sr., Esq., William Ernst, Esq., Robert P. Jacobs, Esq., James A. Curry, Esq., Rev. Thomas H. Cleland, D.D., Rev. Edward L. Warren, George Nicholas, Esq., James Barbour, Esq., Edward W. C. Humphrey, Esq.

The oath of office was administered to the newly elected members, to wit, Messrs. Thomas H. Cleland, Edward L. Warren, Edward W. C. Humphrey, James A. Curry, J. McBlayney, and Claude B. H. Martin. The session was opened with prayer by Rev. Heman H. Allen, D.D. Rev. William C. Condit, D.D., was elected secretary pro tem. Dr. John W. Scott was invited to sit with the Board in its sessions.

On motion it was resolved that the expenses of the members in attending the meeting of the Board should be paid out of the College treasury.

On motion the Board proceeded to the business of electing a President of Centre College. A letter from Dr. Ormond Beatty tendering his resignation of the office was read, and upon motion it was accepted to take effect on the qualification of his successor.

A committee consisting of Drs. Humphrey and Blayney and William Ernst, Esq., was appointed to prepare suitable resolutions to be adopted by the Board in view of Dr. Beatty's retirement

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from the Presidency of the College.

On motion the Board then entered into a free conversation touching the matter of electing a President.

On motion the Board proceeded to receive nominations and the following names were proposed: Rev. William C. Young, D.D., and Rev. Y. P. Hendy, D.D.

On motion a ballot was then taken resulting in fourteen (14) votes for Dr. Young and two (2) for Dr. Hendy. Dr. Young was thereupon declared elected President of Centre College.

On motion his salary was fixed at $2,000 and the use of the house heretofore occupied by his predecessor.

On motion Rev. Edward P. Humphrey, D.D., and Rev. Edward L. Warren were appointed a committee to inform Dr. Young of his election.

A committee consisting of Drs. Humphrey & Blayney, and Mr. William Ernst was appointed to confer with Dr. Beatty and the Faculty, with a view of devising some plan whereby Dr. Beatty shall continue in the Faculty, and also to determine the course of instruction to be given by him.

A vote of thanks was tendered by the Board to Dr. Scott and his wife for their abounding hospitality.

On motion the Board then adjourned.

(Signed) William C. Condit, Secretary pro tem