Financial Records, 1904 - 1973

This subseries consists of financial statements, reports and audits (1922-73, with some undocumented years); miscellaneous files, securities ledgers, student loan and emergency funds (1916-71); and receipts and disbursements ledgers (1919-23, 1926-46). Lastly is the payroll ledger from the David Jackson administration, which is the only surviving personnel record from those years (1961-72).

President Sylvia Russell rescued the school from a debilitating indebtedness that had developed over the years prior to the beginning of her administration in 1922. Documentation of Mrs. Russell’s restoring financial solvency to the school appears in the financial statement files (1922-FYE 1927), in the receipts and disbursement ledgers for those years, and in the ledgers which record the establishment of an endowment and Student Aid and Emergency Funds (1927-31). Later financial statements and audits document such aspects of the school's financial affairs as its coal, timber, farm, and town property holdings, and the expense of operation of the school’s substantial physical plant.