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HISTORY OF HILLSDALE COLLEGE BY HON. JOHN C. PATTERSON, 1883
The first Quinquennial Record of the Alumni Association was published in 1876. The Orescent was published by the students during 1874 and 1875. It was a monthly magazine. The Hillsdale Herald, a weekly sheet, devoted to college and alumni news, was established in 1878. It is now published by a corporation organized for that purpose. It is the organ of the college, and has an extensive circulation among former students. Annual catalogues of the officers and students of the Michigan Central College at Spring Arbor, were published from 1845 until 1853, and similar catalogues of Hillsdale College have been published since 1856.
PROPERTY
The assets of the college are estimated at about two hundred and fifty thousand dollars, estimating the real estate at one hundred thousand dollars,
and the endowment, library, museum, apparatus, and other personal property, at one hundred and fifty thousand dollars. The trustees have scrupulously kept the expenditures of the college within its income. Debts have not been incurred, except after the fire, when rebuilding mad it a necessity, and the debt has since been canceled. Moderate salaries have been paid to the devoted faculty from necessity, not from choice. Many of the instructors have taken extra courses of study in eastern and European universities to prepare themselves for the work, and are learned and distinguished in their respective departments. Yet, with that sacrificing spirit Which inspires the Christian missionary, they have toiled and given their lives to build up this institution, the pride and idol of the denomination. Five hundred students have graduated from the regular four years' college course.
EARLY MICHIGAN
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