THE HARVARD ANNEX 219 
Still if we do not live by bread alone, neither can 
we live without it, and that brings me to the financial 
question. You all know probably that some eighteen 
months ago, feeling assured after a trial of four years 
that our experiment deserved support, we appealed 
to the public in its behalf and started a subscription 
for an endowment fund of $100,000 with the purpose 
of asking the Corporation of Harvard to take us under 
its protection. This fund is not completed but con- 
sidering the great difficulty of the times we have no 
reason to be discouraged. About $70,000 has been 
already subscribed; of this $62,000 and a balance 
are already in the hands of our banker drawing good 
interest. This is not a bad nest egg as it stands; and 
had times been better, we had intended to come be- 
fore the public again, to remind them that the last 
stage of a journey is the longest and ask their further 
help. I have little doubt that in ordinary times the 
remaining $30,000 would have been forthcoming, 
but just now one might as well cry for the moon as 
ask for $30,000, and we are content to bide our time 
till fortune’s wheel makes another turn. 
Meanwhile the moderate sum which we raised at 
first in order to try our experiment for four years has 
carried us bravely through the fifth, and we have a 
balance left with which to begin the work of next 
year. 
By the next spring — that of 1885 — it had become evi- 
dent that the elasticity of even 6 Appian Way could be 
stretched no further, and that the Annex must seek less 
