In the annual report in June, 1842, the Faculty say: "Our pecuniary embarrassments are becoming serious, and unless effectually relieved, it will be impossible to keep up the operations of the institution much longer. The trustees cannot give this matter too much patient reflection; and if it be practicable to sustain the institution in this respect, we have no fears for its success in all others."
The reorganization of the Faculty was recommended, also some modifications in the course of study; also, the establishment of a "School of Law." This school was established, and Edward R. Chambers, an eminent lawyer of Boydton, elected Professor.
The degrees conferred June, 1842, were:
A. B.
THOMAS C. JOHNSON, Virginia.
JOSEPH SUTTON, Virginia.
ALEX. B. PIERCE, N. Carolina.
BENJAMIN Z. HERNDON, S. C.
WILLIAM G. CONNOR, S. C.
SAMUEL D. SANDERS, S. C.
IRA I. CRENSHAW, Virginia.
THOMAS R. EPES, Virginia.
JOSEPH T. REESE, Georgia.
LUCIEN H. LOMAX, S. Carolina.
GEO. E. WYCHE, N. Carolina.
A. M.
ISAAC C. CROFT, S. Carolina.
WILLIAM H. BATTE, Virginia.
JOSIAH F. ASKEW, Georgia.
CHARLES F. BURNLEY, Virginia
AMOS W. JONES, N. Carolina.
JAMES W. WIGHTMAN, S. C.
JAMES R. WASHINGTON, Ga.
Rev. DAVID S. DOGGETT, Virginia (honorary).
Rev. David S. Doggett was elected to the chair vacated by the resignation of Professor Sims.
1842-1843.
This year the second decade of the College commenced. The year was marked by great financial pressure, which was partially relieved by the sale of some of the funds of the College. A part of the proceeds of the sale was used to pay off a debt on building account and the rest for current expenses. At the low rates of college fees, the current receipts failed to meet salaries and other expenses.