college the sum of $8,000, and
the conference need absolutely not worry about
financial difficulties through this
undertaking." The New Orange industrial
Corporation, "consisting of prominent, rich
businessmen," including multimillionaires
and Banker Arnot, promised support. The board was
studying blueprints for buildings that would be
erected the very next year. Finally, "the
Board declared itself willing to accept the gift
with the thought that this was done under the
guiding hand of a gracious God." Notice had
already been sent to the Swedish-American
newspapers, declaring that the New Orange
Industrial Corporation "offered fourteen
acres of beautiful land free on a hill bounded by
a little lake on condition that a larger building
should be erected. Besides the gift worth $20,000
the company will help to obtain means to build a
large part of the building and the property shall
be owned by the Augustana Synod.... The land
company intends to pay for the entire surrounding
land and erect a factory city of forty or
fifty-thousand inhabitants." The enthusiasm
soon died, but the wisdom of the move is best
stated by Beck: "If we had had a few
thousand dollars at our disposal, we would
probably never have moved to New Orange but, as
the motto goes, `Necessity knows no law.' This
was the only practicable proposal ever presented
to the school."
A few years
passed before the board members were
disillusioned. No agreement on the sale of lots
or money contribution had been signed prior to
the move to New Orange; consequently, it is not
surprising that Business Manager Fair's attempts
to pin the real estate company down to specific
promises were unsuccessful. During the first two
years the company did hard over to the college
$930.00 and, according to Fair's account book,
had pledged $132.50 more, but the latter sum is
not marked paid. At its meeting on February 25,
1898, the hoard passed a resolution asking for an
extension of time in which the college could sell
tots; board members actually thought they were
requesting a favor from the realtors. Various
people, including Professor Kempe, were hired at
fifty dollars a month to sell lots. The amount
the college claimed that it was owed grew
steadily. ln 1904 the debt on the books was
$1,078.32. Finally, in 1905, the "debt"
was dropped From the Flist of assets. The
Following year. when the Kenilworth Realty
Company hail replaced the older association,
Board Member
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