The exigencies of the work, the enlargement of the expenditure made almost inevitable by the new buildings and increased facilities, will scarcely be met by $300,000 the coming year. An increase of that amount by 20 per cent, could be most economically and wisely expended without any attempt at undue enlargement. The legitimate and almost irresistible progress of the work demands that. But we are the servants of our constituents, and assume not to decide. We can most efficiently use the increase, but will faithfully work as best we can with the means entrusted to us. We can only add that the work will suffer if less than the $300,000 be secured. As boys run backward that they may jump the further forward, so we may profitably compare the receipts of this Association in its earlier years with those of this last year. The nearly $300,000 just announced is equal to the total of contributions for the first ten years. And the total for the year, as given by the Treasurer, of the contributions from the same constituency for the general work in which the Association is engaged, more than $500,000, is equal to the receipts into our treasury for the first fourteen years. * * * * * Never have the affairs of this Association seemed more prosperous; never have its labors on the field yielded a more abundant and precious fruitage; never has it seemed more firmly established in the confidence of the people, both at the North and the South; never has it shared more fully the favor of God! May we have grace to walk so humbly before God, and so honestly and faithfully before men, in the administration of our trust, that His favor and their confidence may abide upon us! * * * * * THE FREEDMEN. * * * * * REPORT OF COMMITTEE ON EDUCATIONAL WORK.