Now, while this involved inconveniences, it did not, of course, mean the making of gifts to the Trustees. In just business fashion, they recorded each outlay of this kind as a loan to themselves. As a consequence they went steadily in debt to Mr. Cocke, until by 1864 they owed him $7,785. This included the $1,500 which he lent to them in 1846. This curious financial arrangement continued, unavoidable and regretted by all concerned. In 1868, the debt of the Trustees ran up to $17,473, and in 1876 it reached the sum of $22,094. Why had not these claims been settled? We have seen the source of the Trustees' revenue; how could they pay? The $35,000 raised by public gift had been given to the Trustees, who invested every cent of it in new buildings and accommodations. Not a dollar of it ever touched the hand of Mr. Cocke. On the contrary, as noted above, the growing plant had commandeered much of his own slow, hard earnings. Either this undesirable order of things had to go on, or Mr. Cocke had to abandon his dear ambition. But the time had come for better adjustments. He felt that the multiplying years required that he think of the interests of his family. With these views and wishes, the Trustees were in their usual cordial sympathy. The Institution was their property. They were in debt to Mr. Cocke in a large and yearly increasing sum. They had no possible way of liquidating that debt. What could they do? What ought they to have done? They solved the question by offering to give Mr. Cocke a deed to their Institution in satisfaction of their debt. The proposition was declined. He did not want to own the College. Such had never been his aim. He saw that the move would be a relief to the Trustees, but a disadvantage to the school. He deprecated the idea of the College going into private ownership. The associated wisdom and responsibility of a good Board of Trustees he regarded as one of its best assets. Moreover, what could such a deal effect in the way of relieving his financial embarrassments? He could not see, and so the troublesome question was left unsolved. The school was prosperous, his heart was serenely grateful; and this personal matter could wait. CHAPTER V EXPANSION AND ACHIEVEMENT 1880-1901