To Those Who Have Money to Loan
By P. T. Magan
THE readers of the REVIEW will remember that in the issue of May 26 an elaborate statement appeared relative to the present status of the Battle Creek College property, the American Medical Missionary College, and the Missionary Acre Fund. In this statement is a provision that the Review and Herald Publishing Company should receive a promissory note for all the money due that institution on the old Battle Creek College account. This note has already been given, and is for something over nineteen thousand dollars. The amount due the Review and Herald by the Battle Creek College was formerly over fifty thousand dollars, but large payments have been made during the last year or two, which have cut it down to the present figure. The note for nineteen thousand dollars is due Jan. 1, 1904. If paid at that time, the trustees of the Battle Creek College property receive the benefit of a reduction in the account, of over six thousand dollars. If the note is not paid at that time, this reduction will not be allowed. As it will be impossible to pay off by means of donations the entire amount of nineteen thousand dollars, and at the same time take proper care of other creditors, some money will have to be borrowed with which to pay off a part of the account due the Review and Herald. This will not be increasing the debt, but will simply be making an exchange of obligations. Therefore we ask those who may have money to loan at a low rate of interest, and who are disposed to loan it to us, kindly to correspond with the undersigned, at Berrien Springs, Mich., and we shall be glad to give further information relative to the security, and negotiate for the money.