YEAR.

Your Committee are convinced that not less than a THOUSAND DOLLARS a day are imperatively demanded to perfect the admirably organized plans of the Association, even for the present, to say nothing of the pressing needs of the early future.—

THE FIGURES.

The receipts published in this number bring us to the end of the first three months of our fiscal year. The summary given above shows how we stand as compared with last year. Total compared with total, we are behind. May we not, however, hope that the turning-point will soon be reached, and that all through the rest of the year it shall be our privilege to chronicle a steady increase? We are out in the current of our work. We cannot turn back. The thirteen thousand dollar deficit from the last year adds to our solicitude. We ask our friends to keep their eyes upon the figures as we publish them from month to month. They will prove to be very suggestive teachers.

The papers are having a good deal to say these days about "hard times." Capital is sensitive and seeks cover at the slightest alarm. People hesitate about investing when they feel uncertain as to security. Benevolent societies are the first to feel the depression of business reverse. This fact is a storm signal whose significance we should sacredly heed. It proclaims danger, yet a danger that, with thought and prudence, can be averted. There are many whose gifts have come to us from an overflowing abundance. Suppose, now, that they should join the grand army of self-sacrificing givers that, at such a stress as hard times produce, is in sore need of recruits; suppose, farther, that by personal effort new contributors are secured, and then suppose some of the capital that may be withdrawn from investment for fear of loss, instead of being hidden away or placed under lock and key, should be sent out into the active service of the Lord, and be converted into redeemed souls and regenerated manhood. Just let these suppositions be realized, and the danger threatened will never be encountered. If the readers of the Missionary will think, pray, talk and preach along such lines as the above suppositions mark out, we are confident that we shall be brought safely and triumphantly through. What if the record should show larger gifts in the treasury of the Lord than were ever known in times of acknowledged business prosperity! From the Christian stand-point, why not?

OUR ROLL OF HONOR.

We publish this month the names of our missionaries and the stations at which they are located. These names constitute our Roll of Honor. We are proud of them. Some of them are the names of old and long-tried veterans, the story of whose experience is full of romance and thrilling interest. All of them are the names of men and women who have made themselves of no reputation because of the work in which they are engaged. And what is that work? The salvation of the lost. The enlightenment of the ignorant. The elevation of the degraded.

It is surely very strange that opposition should be encountered in such work. It would seem as if it ought to have the benedictions of the good and the well wishes even of the bad. And yet the fact is, the good names of these missionaries are evilly spoken of; many times their personal safety has been imperilled, and they have been, and still are, made social outlaws because of their work.

This is not as it ought to be. It is not as it will be. Truth is steadily pushing for the light. Right is constantly asserting its claim for recognition. Old prejudices and false customs die hard; but their doom is written, and die they must. Problems will demand solution, in whose clearing up will vanish many a cherished folly. Here is such a problem for our Southern friends to solve. That most excellent Christian scholar and divine, Rev. Atticus G. Haygood, D.D., of Georgia, states it thus: "If, on other grounds, the teacher is entitled to personal and social recognition, the fact of his teaching a negro school should be no bar. Think, for example, of people admiring David Livingstone, and then turning up their noses at a teacher, not because he is bad, or ignorant, or ill-bred, nor yet even because he is a negro, but, forsooth, because he teaches a negro school! There is a very large intimation of 'sham' in this distinction without a difference. It is utterly absurd. May it not also be sinful?" We commend this problem to the good Christian people among whom our missionaries dwell, for solution. They will be sure to come out where Dr. Haygood leads them. And when they see the absurdity of their attitude in regard to our missionaries, we believe they will soon see the farther conclusion, namely, that it is sinful.

Meanwhile, our missionaries will keep on faithfully doing what they believe to be right, accomplishing thus two things at once: Witnessing for the truth and helping the needy. All honor to this noble band of self-denying, principle-maintaining men and women. They are standard-bearers of our advancing Christianity. They are where, as standard-bearers, they ought to be, at the front, the post of sacrifice and danger, but they are leading in a cause that is sure to win.

THE FREEDMAN'S CASE IN EQUITY.

This is the title of a most thorough and refreshingly candid paper from the pen of Geo. W. Cable, published in the January Century. His opening sentence, "The greatest social problem before the American people to-day is, as it has been for a hundred years, the presence among us of the negro," indicates his estimate of the importance of the subject. From beginning to end the paper bears the marks of carefulest thought, profound conviction, and loyalty to truth. Mr. Cable is a native of Louisiana, an ex-Confederate soldier, the son and grandson of slave-holders. He has a right to be heard. He knows the subject. He knows the American people. He evidently believes that nothing is ever settled that is not settled right. He does not believe that the freedman's case has as yet been thus settled. Moral questions will not be suppressed. If ignored in the domain of private morals, they "spring up and expand once more into questions of public equity; neglected as matters of public equity, they blossom into questions of national interest; and despised in that guise, presently yield the red fruits of revolution." On the basis of such a principle, he argues that there will be no quiet to the agitation until the freedman is a free man in all respects. And he is right. We commend our readers to secure this article if possible and read it. They will be amply repaid.

We hope none of our readers will fail to read Prof. Crogman's