254 ELIZABETH CARY AGASSIZ 
library containing several thousand volumes, and 
beside this a fair spending income and a moderate 
surplus for emergencies, — all this will perhaps reas- 
sure you as to the practical management of our af- 
fairs. Neither must it be forgotten that if our endow- 
ment is small, the active and cordial codperation of 
the professors and teachers of Harvard is better than 
money for us, — it would be so for-any young and 
growing college. Without that support the $280,000 
which now represents our whole property (inclusive 
of certain legacies) would perhaps be an insufficient 
capital for the maintenance on a high standard of a 
new college without other support. But the true 
builders of the Annex have been and are the Harvard 
professors. They have brought it to its present promi- 
nent position. They represent its true wealth and its 
strength, — not a bad substitute for endowment 
funds though measured by other standards. 
TI must not take your time with details about the 
instruction given or the work done at the Annex. The 
friends who are here with us from the college will do 
that better than I can. Still I should be sorry to close 
without a word of our students. My own relation with 
them is one of affectionate personal intercourse 
rather than any immediate direction of their studies, 
— aduty which belongs to our academic board, made 
up of officers of the college, and to the professors and 
teachers themselves. But I have constant evidence 
of their deep gratitude for the opportunities offered 
them at Cambridge. They are fully sensible of the 
liberal and comprehensive quality of the instruction 
