Dr. Jacob Hall, of Abingdon, was the second President, and had under him a faculty of three professors and a chaplain. The school prospered and had public exhibitions of its students' proficiency from time to time. It is doubtful if sufficient care was exercised in the expenditure of money and, in December, 1790, the Trustees felt obliged to contract a loan of £1000. The charitable contributions fell off, and Asbury was forced to go from house to house in Baltimore, "through the snow and cold, begging money for the support of the poor orphans at Cokesbury."[33] The instruction was good, and Asbury could write to Coke, then in England, that "one promising young man has gone forth into the ministry, another is ready, and several have been under awakenings. None so healthy and orderly as our children, and some promise great talents for learning."[34] Still, "all was not well there," and on October 2, 1793, he "found matters in a poor state at college; £500 in debt, and our employes £700 in arrears." A year later, matters were desperate and the good Bishop wrote that "we now make a sudden and dead pause--we mean to incorporate and breathe and take some better plan. If we can not have a Christian school (_i.e._ a school under Christian discipline and pious teachers), we will have none."[35] The project of incorporation was not favored by some, who feared that the College would not be thereby so directly under the control of the Conference, but was carried through, and the charter bears date, December 26, 1794.[36] By it, the institution was allowed to have an income not exceeding £3,000. How a charter was to avoid increased indebtedness does not appear and the College's debt had so increased, that the Conference in 1795 decided to suspend the Collegiate Department and have only an English Free School kept in the buildings.[37] Misfortunes never come singly: an unsuccessful attempt to burn the buildings had been made in the fall of 1788, and now, on December 4, 1795, a completely successful one was made, and the building and its contents were consumed. Rewards to discover the incendiary were offered in vain, and Asbury writes:[38] "We have a second and confirmed report that Cokesbury College is consumed to ashes--a sacrifice of £10,000 in about ten years. If any man should give me £10,000 to do and suffer again what I have done for that house, I would not do it. The Lord called not Mr. Whitefield, nor the Methodists to build colleges. I wished only for schools; Dr. Coke wanted a college. I feel distressed at the loss of the library."