Mr. COURTENAY, for the Committee to whom was referred the matter of fixing the amount of scholarship money for the students at the Normal College, reported that after this year the sum appropriated should be one hundred dollars ($100) for each scholarship; and with the view of equalizing the benefits to the several States, that in each case travelling expenses be allowed on the basis of three cents a mile for travel. The Report was accepted

and adopted.

On motion of Chief-Justice FULLER it was

Resolved, That the question of increasing the scholarships be referred to the General Agent and the Executive Committee, with the suggestion that the same be increased to such an extent as the amount available will allow, taking into consideration the present facilities for their education at the disposal of the College and elsewhere.

Mr. EVARTS, in behalf of the Committee to whom were referred the application of the Board of Education of Florida and the question of the Florida and Mississippi Bonds, now held by the Treasurer of the Peabody Education Fund, asked for further time in which to make their Report.

On motion of Mr. WINTHROP, the Chairman, the thanks of the Board were given to President HAYES and the other members of the Committee appointed at the last Annual Meeting to visit the Peabody Normal College, for their services.

On motion of Bishop WHIPPLE, it was

Resolved, That the Chairman be requested to express to the Hon. HAMILTON FISH the regrets of his associates that his health has not allowed him to meet with them this year, and their best wishes for his health and happiness.

On motion of Mr. MORGAN, it was

Resolved, That the Trustees desire to express to their venerable and beloved Chairman, Mr. WINTHROP, and to place on record, their deep satisfaction at his presence at this meeting in continued health, and to express their hope that he may long be able to preside over their deliberations.

The Standing Committees were then appointed. as follows:

Executive Committee: Ex-President HAYES, Hon. JAMES D. PORTER, Chief-Justice FULLER, Hon. WILLIAM A. COURTENAY, Hon. CHARLES DEVENS, with the Chairman, Mr. WINTHROP, ex-officio.

Finance Committee: Hon. WILLIAM M. EVARTS, Hon. HAMILTON FISH, Ex-President CLEVELAND, ANTHONY J. DREXEL, Esq., Hon. RANDALL L. GIBSON, with the Treasurer, Mr. MORGAN, ex-officio.

The Chairman was authorized to fill any vacancies that might occur in these Committees.

The Hon. J. L. M. CURRY was unanimously rechosen General Agent.

Mr. J. PIERPONT MORGAN was re-elected Treasurer, and a sum not exceeding $750 appropriated for clerical assistance.

The other Officers of last year subject to election were re-chosen.

It was also voted that the next Meeting of the Trustees be held in New York, on the first Wednesday after the first Monday in October, 1891, with a discretionary authority to the Chairman, with the advice and consent of the Executive Committee, to make any change of time and place which may prove desirable.

The Annual Meeting of the Trustees was then dissolved.

SAMUEL A. GREEN,

Secretary.

APPENDIX.

PEABODY NORMAL COLLEGE, NASHVILLE.

To the HON. J. L. M. CURRY,

General Agent of the Peabody Board of Trust:

I BEG leave to transmit my Report of the condition of the Peabody Normal College for the year 1889-1890.

For the year just closed, there has been a gain of seventynine over the attendance for the preceding year, and within two years the attendance has somewhat more than doubled, being one hundred and seventy-seven in 1888, and three hundred and fifty-nine in 1890. As no extraordinary means were employed to increase the attendance of students, this gain in numbers may doubtless be regarded as an indication of normal growth. It is also worthy of note that, within the same period, the attendance from Tennessee has increased from sixty-nine to two hundred and three. By deducting the number of scholarship students (114) from the aggregate enrolment, it appears that non-scholarship students now constitute more than two thirds of the attendance.

During this increase in the number of students, the actual teaching force of the College has been increased by two instructors, one in the department of Pedagogics, and the other in that of Rhetoric and Elocution.

At the last Commencement ninety-four students were graduated as follows: Licentiate of instruction, 70; Bachelor of Letters, 2; Bachelor of Arts, 18; Master of Arts, 4.

One of the best indications of real progress has been the growth of the higher classes. The usual period of residence has been two years; but with a course of study so short as this

a student's general academic training must necessarily be very incomplete, his professional zeal comparatively slight and uncertain. In my administration I have assumed that the main purpose of the College is permanently to recruit the teaching force of the South, to educate a body of professional teachers who will be able to mould in some degree the educational thought of the country, and thus to aid in the establishment and maintenance of a sound public-school system. All this requires general scholarship, professional knowledge, and professional zeal, which can hardly be brought within the compass of a two years' course of study. It is on these grounds that the real power of the school lies in its higher classes.

During the past two years there has been a marked growth in the professional spirit of the school, brought about, in the main, by a systematic course of instruction in the history, the theory, and the art of education. I think it may now be safely said that there is no other institution of the kind in this country having an actual scheme of professional instruction so comprehensive and of so high a character. It is the rise of this professional spirit which has been the larger factor in the recruitment of the higher classes of the College.

In a "Circular of Information," issued rather more than a year ago by authority of the General Agent, State Superintendents are requested, in making scholarship appointments, to give preference to students from their respective States who have maintained themselves for one year at the College at their own expense, and have there gained a creditable record for scholarship and deportment. Some of the more obvious advantages of this mode of appointment are the following:

I. It secures to the College students of a high grade of qualifications; for it is evident that a year's record in the school is a better test of competence than any ordinary examination can possibly be.

2. It assures to the student a three years' course of training instead of two, and thus makes possible a professional course of study.

3. It encourages non-scholarship students to enter the College for at least a year's course of study.

With two or three exceptions, State Superintendents have acted