.

The Negro has no standing in the financial world, because he has made
no financial record. This is not so much his fault as it is his
misfortune. He is without the financial experience that he would need
in order to manage successfully large sums of money such as he would
be called upon to collect and to manage in colleges. Without aid from
the white donors these colleges would be unable to do the work of a
college--in other words, with possibly one notable exception, it
takes a white man to get a white man's money, and since it is
necessary to get a white man's money to support these institutions, it
is also necessary to put their management into his hands. This
condition will gradually change as the Negro race accumulates wealth
within itself. This will naturally bring with it that experience which
will eventually enable him to be a successful manager of these
institutions.

It is generally known among those who are familiar with college
management that the financial feature is the most difficult feature in
this work. It requires a rare combination of qualities in a man to
carry on successfully this phase of college work. The managing boards
of white colleges find it exceedingly difficult to find white men
fully equal to the task. If this takes place in the green tree, what
may we expect in a dry?

At present the Negro race, to say the least, is too poor to take on
itself the complete control of its colleges. Such a transfer would be
a calamity, indeed, for under the white management these institutions
are leading only a tolerable existence, are progressing but slowly and
some of them not at all. To take these feeble institutions, then, and
to connect them with a poorer source of supply would be practically to
destroy them--certainly seriously to handicap them.

Besides, even if their financial support were guaranteed, at present a
more serious obstacle would present itself. It would be impossible
from the present supply of educated Negro men and women to get
faculties for them. I mean, to get faculties every whit prepared for
their progressive management. An up-to-date college must have not only
strong financial backing but it must also have strong intellectual and
moral backing. Each teacher should be so trained, intellectually and
morally as to have a very keen appreciation of the deep significance
of the work in which he is engaged. This means that he must in
addition to a careful formal training, have a s