Henry - A History of Biola University Since 1908

57

I Therefore, our watchword is and ever will be, "Unto Him that loved us and washed us from our sins in his own blood, • • . To Him be glory for ever and ever." (Note: This ends the long ~~tati~.-)-- No sooner had construction begun on the buildings than they ran into real financial difficulty. A most common mis-conception with respect to Biola is that upon the decision to establish the School, Mr. Stewart provided the necesaary funds for it to operate and to construct the necessary build- ings to house it; and, that until his death, all that was needed was to call upon him, and at a momen~ s notice he provided the necessary funds to meet the need. Nothing could be further from the truth. Although he gave liber- ally to the School, he knew the operating expenses whould be far too much for one man, however wealthy, to bear. Further, he believed it was not in the best interest of the School to have only one benefactor to bear its financial burden alone, thus leaving it without reliance upon God. Therefore, he sought to interest many men of wealth in the venture, foremost among whom was his older brother Milton, who was a dedicated Christian and who gave liberally to the Lord's work. So throughout the remainder of his life Lyman Stewart often called on his brother for financial help for Biola. When the construction on the buildings was well under way, shortage of funds became so critcial that a special appeal for help was made . in an at- tempt to keep the construction going. Mr. Stewart, in an appeal to his brother Milton, said, "Work on our Bible Institute buildings is pretty nearly at a stand-still, owing to lack of funds for pushing it. The Institute has equity in the Eighth Street lots amounting to about $125,000.00, which was expected would be available, but owing to the money stringency we are not able to utilize~_ them." Biola had not been able to dispose of the lots it had purchased on Eighth Street, and this was a set-back to the construction plans. Mr. Stewart added, "To have the work stop means a great waste, be- . cause it would not only break up our organization, but would delay the time for utilizing the property in the active work of the Institute." On this

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