Through divine favor, the generous and enlightened action of the United States Government, and the liberality of the Christian public, Howard University has been furnished with spacious grounds and numerous buildings, costing over half a million of dollars, ample for its purposes for years to come, and which not inelegantly crown their commanding site, whence the eye takes in a prospect for its purposes for years to come, of peculiar beauty, including the entire city of Washington. There are, besides, valuable vacant lands, adjoining and in other parts of the city, from the sale of which the University hopes eventually to secure partial endowments, but which, in these times of depression, cannot be put upon the market. Its productive property affords but a small income, insufficient to pay the current expenses on their present restricted scale, and requiring to be liberally supplemented by the gifts of the friends of the institution. It has also no permanent scholarships for the aid of indigent students, but is compelled to rely, for this purpose, upon the annual contributions of the charitable. Yet it will be seen that such broad and deep foundations have been laid, as to make it safe and wise for the benevolent and patriotic to build largely upon them in the future.  It was the misfortune of the University to commence when the country was in the intoxication of supposed wealth, when large plans were laid and corresponding expenses were incurred, when not only was the present used, but also the future was discounted, and debts were everywhere the order of the day; and also when the enthusiasm for the elevation of the Negro was at its height, immediately upon the close of the war. It has consequently shared in the reverses of the times, while a partial reaction has taken place in the feelings of the North with respect to the freedmen, and it has had also the internal changes of administration which accompany fluctuating fortunes. But its friends now feel that the tide is to turn once more in its favor. The floating debt of over one hundred thousand dollars, of three years since, has been entirely discharged, and the only permanent debt on its valuable property is one of eleven thousand dollars. There is reason to believe that it will soon begin to share in the large benefactions of living philanthropists and Christians, and that it will be liberally remembered in the wills of those who may be desirous of leaving behind, at their death, a perpetual fountain of blessing for coming generations.

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August 1999