On March 5th at a public meeting a formal announcement of the intention to found such an institution was accompanied by a full statement of its purposes and principles,* in substance as follows: * Appendix D. Journal I. 107-113. 1. Every believer's duty and privilege is to help on the cause and work of Christ. 2. The patronage of the world is not to be sought after, depended upon, or countenanced. 3. Pecuniary aid, or help in managing or carrying on its affairs, is not to be asked for or sought from those who are not believers. 4. Debts are not to be contracted or allowed for any cause in the work of the Lord. 5. The standard of success is not to be a numerical or financial standard. 6. All compromise of the truth or any measures that impair testimony to God are to be avoided. Thus the word of God was accepted as counsellor, and all dependence was on God's blessing in answer to prayer. The _objects_ of the institution were likewise announced as follows: 1. To establish or aid day-schools, Sunday-schools, and adult-schools, taught and conducted only by believers and on thoroughly scriptural principles. 2. To circulate the Holy Scriptures, wholly or in portions, over the widest possible territory. 3. To aid missionary efforts and assist labourers, in the Lord's vineyard anywhere, who are working upon a biblical basis and looking only to the Lord for support. To project such a work, on such a scale, and at such a time, was doubly an act of faith; for not only was the work already in hand enough to tax all available time and strength, but at this very time this record appears in Mr. Muller's journal: _"We have only one shilling left."_ Surely no advance step would have been taken, had not the eyes been turned, not on the empty purse, but on the full and exhaustless treasury of a rich and bountiful Lord! It was plainly God's purpose that, out of such abundance of poverty, the riches of His liberality should be manifested. It pleased Him, from whom and by whom are all things, that the work should be begun when His servants were poorest and weakest, that its growth to such giant proportions might the more prove it to be a plant of His own right hand's planting, and that His word might be fulfilled in its whole history: "I the Lord do keep it: I will water it every moment: Lest any hurt it, I will keep it night and day:" (Isa. xxvii. 3.)