The Junior class is the best qualified that has entered within the knowledge of the present teachers. The general standard of scholarship steadily advances. The students are very useful in all kinds of church and mission work in the city. Rev. C. H. Butler is doing excellent work in place of his honored father, who was so long connected with us. Dr. Pitzer, of the Southern Presbyterian Church, who was also long our faithful co-worker, gave an eloquent address at our last anniversary, and has just kindly remembered us with a valuable gift to our library. Rev. Mr. Reoch, the new pastor of the Fifth Congregational Church, is doing enthusiastic work in Rev. Mr. Jones' place, and in place of Rev. Mr. Small, Rev. Dr. Little gives our students the benefit of his rich experience as their instructor in pastoral theology. * * * * * McINTOSH, GEORGIA. PROF. FRED. W. FOSTER. We are beginning our year's work with much better promise than in any previous year. Our enrollment is a fourth greater now than at the close of October last year, when it was greater than ever before at that time. Our boarding department is also filling up much faster. Better than this is the very marked gain in the tone of the school and in the character of the work done, and the orderliness and studiousness of the pupils. It is cheering to look through the various rooms and note the cheerful diligence with which they are at work. The reverse side of all this is our lack of room, and the great poverty of our people this year, caused by a most unfavorable season. The generosity of our friends at the North can help us meet the latter, and Christian Endeavor Hall would completely remove the former difficulty. * * * * * FINANCIAL STATEMENT. For the three months ending December 31, 1894, our receipts, as compared with the corresponding months of the previous year, show a slight increase in donations, but a falling off in estates, income and tuition. The last item is sad, but not surprising, for the people in the South are so utterly impoverished that the payment of tuition is well-nigh impossible. On the side of expenditures, as compared with last year, there has been reduction in all items, mission, publication, collecting agency and administration, and yet the balance of indebtedness for the three months is $15,671.10, which, added to the previous indebtedness of $66,360.97, makes a total of $82,032.07. We can only lay these figures before the friends of the poorest and most depressed of the people of our land and invoke such help as patriotism and Christianity will dictate. * * * * * LINCOLN MEMORIAL DAY.