MASSACHUSETTS INSTITUTE OF TECHNOLOGY. 281 



a guiding body possessed of the courage and faith that have animated 

 the corporation of the institution from the earliest days, and especially 

 with the able men who have been its presidents, success was assured. 

 "While the school was yet struggling for its very existence, with few 

 friends and little money, they never faltered. They have not hes- 

 itated again and again to plunge the school deeply into debt when 

 its needs required it, trusting to the generosity of New England 



James M. Crafts, 1're> 



that it should not be allowed to be crippled, and each time has their 

 confidence been justified. Poverty has never been permitted to impair 

 the efficiency of the school. As President Crafts remarked in a recent 

 annual report, "We are less favored than many neighboring institutions 

 in building space, but we have always followed the wise policy of 

 keeping in the foremost rank and in some departments leading the 

 way in supplying the best methods and apparatus for teaching and for 

 making investigation. We have run in debt to buy them, and run 



