The drought referred to continued till late in the summer. Many farmers had to buy corn at one dollar per bushel, and in some cases had to go as far as thirty miles to get meal. At the close of the year in June, at the meeting of the Board, great financial embarrassment was reported. A bond to be secured by mortgage on the real estate of the College for $5,000 was authorized to raise funds to meet pressing indebtedness. The following received degrees June, 1846: A. B. JOHN DAVIS, Va. OLIVER H. P. CORPREW, Va. FRANK X. FOSTER, S. C. EDWARD T. HARDY, Va. SAMUEL HARDY, Va. WM. G. de GRAFFENREIDT, Va. OLIN M. DANTZLER, S. C. BENJAMIN F. LOCKETT, Va. THOMAS J. LOCKETT, Va. THOMAS P. JERMAN, S. C. GEORGE HOWARD, Va. A. M. JAMES F. DOWDELL, Ga. WILLIAM F. SAMFORD, Ala. JOHN F. RIVES, Miss. THOMAS H. CAMPBELL, Va. WILLIAM G. CONNER, S. C. JOHN C. WALKER, Va. D. D. Rev. W. M. WIGHTMAN, S. C. EDMOND W. SEHON, Ky. The session of the College, 1846-'47, opened very inauspiciously. In addition to (and probably in large measure growing out of) the financial troubles which had been thickening for years past, a want of harmony and co-operation between the President and some of the members of the Faculty began to be shown. This led to disorder and insubordination among the students. To inquire into the matter at issue a meeting of the Trustees was called in September, 1846, at which, after reciting a history of the troubles, President Garland tendered his resignation, and requested the immediate acceptance of the same. This was followed by the resignation of their positions by Professors D. S. Doggett and David Duncan, and Tutor Thomas H. Rogers. The resignation of the President was not accepted for prudential reasons. That of Professor Doggett, to take effect at the close of the session, was accepted, as was that of Tutor Rogers. Professor Duncan was induced to withdraw his. The Board then adjourned to meet in the succeeding November, at the session of the Virginia Conference, which was to meet at the College. At the adjourned meeting held November 13, 1846, the Board accepted the resignation of President Garland. Rev. Wm. A. Smith, D. D., of the Virginia Conference, was elected to fill the vacancy caused by the resignation of President Garland. The Faculty, as re-organized, was as follows, viz: REV. WM. A. SMITH (_President_), _Prof. Moral and Mental Philosophy_. REV. CHARLES F. DEEMS, A. M., Prof. _Latin and Belles Lettres_. EZEKIEL A. BLANCH, A. M., _Prof. Pure and Applied Mathematics_. DAVID DUNCAN, A. M., _Prof. Greek Language and Literature_. JAMES W. HARDY, _Prof. Experimental Science, Astronomy and Optics_.