DS

The deficit in the running expenses on June 30, 1911, the last day
included in the annual report of that year was $1,693.95. This was the
largest deficit at the end of any previous month, and was a big one with
which to commence the improvement work of our last year. It was due to
the fact that the completion of Elliott Hall with good materials and
workmanship, including furniture, cost nearly $1,500 more than was
expected, and the appropriation made for it.

We were called upon to experience some serious losses and bear, for
considerable periods of time unusually great and heavy burdens. The
burden twice became so great, indeed, as to awaken the fear that another
straw would break the camel's back. Happily the needed relief came in
time to avert that unhappy experience, or check the aggressive onward
progress of the improvement work.

When the burden became large and a matter of personal anxiety, it also
became the measure of the valuable and loyal co-operation of the new
friends who came to our assistance, in addition to our Board of
Missions for Freedmen; which is the first and final resort for the
resources that are necessary to successfully administer, and gradually
develop the work of this institution.

We deem it appropriate to gratefully record the names of those who have
most signally aided us in the management of the finances, so as to keep
them locally on a cash basis, namely, the Security State bank of
Rockwell City, Ia.; 1st National bank of Valliant; and in succession the
following dealers in Valliant: O'Bannon & Son; A. J. Whitfield and
Planters Trading Co.

Hon. T. P. Gore, United States Senator from Oklahoma, (blind), has
favored this institution by sending for its library more than a dozen
valuable volumes, among which are 2 Year Books of the Department of
Agriculture; 2 Handbooks,--I & II,--of the American Indians; Report of
the Commissioner on Education for 1911, in two volumes; Report on
Industrial Education; Manual of the United States Senate; Directory of
Congress, and several other smaller volumes.

SPECIAL ADDRESSES

During our last term the institution was favored with encouraging and
instructive addresses from the following distinguished visitors: Rev.
Duncan McRuer of Pauls Valley, Moderator of the Synod of Oklahoma; Rev.
E. B. Teis of Anadarko, Pastoral Evangelist for the Presbytery of El
Reno; Rev. Phil C. Baird D. D., Pastor of the First Presbyterian church
of Oklahoma City;