Education: Venture of Faith

In Waterville, Me., an old gentleman of 82 sat gazing out of his window and smiling. The sight that pleased him so much was what he could see of the 21 big new Georgian buildings that are Colby College. People in Waterville have become used to the old man's smile. "Every time I look up there," says he, "I just bubble over."

When Franklin W. Johnson became president of Colby in 1929, the old grey college campus was down in the center of town, hemmed in by railroad tracks and factories, choked by smoke. With hardly an extra penny in the bank,...

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