The white man is a very careful giver to charitable institutions of any kind, and he takes every precaution to see that his donations are wisely expended, and that, too, according to his standards. Hence, when he makes a charitable contribution he feels safer when one of his own race is a trustee, or dispenser of the contribution. This explains the fact that in cases where Negro schools under Negro management make an appeal for large endowment funds they find it necessary to appoint a white endowment committee to manage the fund. The Negro has no standing in the financial world, because he has made no financial record. This is not so much his fault as it is his misfortune. He is without the financial experience that he would need in order to manage successfully large sums of money such as he would be called upon to collect and to manage in colleges. Without aid from the white donors these colleges would be unable to do the work of a college--in other words, with possibly one notable exception, it takes a white man to get a white man's money, and since it is necessary to get a white man's money to support these institutions, it is also necessary to put their management into his hands. This condition will gradually change as the Negro race accumulates wealth within itself. This will naturally bring with it that experience which will eventually enable him to be a successful manager of these institutions. It is generally known among those who are familiar with college management that the financial feature is the most difficult feature in this work. It requires a rare combination of qualities in a man to carry on successfully this phase of college work. The managing boards of white colleges find it exceedingly difficult to find white men fully equal to the task. If this takes place in the green tree, what may we expect in a dry? At present the Negro race, to say the least, is too poor to take on itself the complete control of its colleges. Such a transfer would be a calamity, indeed, for under the white management these institutions are leading only a tolerable existence, are progressing but slowly and some of them not at all. To take these feeble institutions, then, and to connect them with a poorer source of supply would be practically to destroy them--certainly seriously to handicap them.