Pillsbury Academy Collection, 1933-1935 | Carleton College Archives

Scope and Contents: Financial statements and documents of the Baptist preparatory academy located in Owatonna.  Carleton and Pillsbury had had interlocking boards of trustees since 1916, and in 1934 Carleton assumed the administration of the academy in an attempt to save it from bankruptcy.  The papers in this collection include financial reports--including annual statements, analyses of endowment funds, annual budgets, and an audit--correspondence between the academy headmaster and Carleton's auditor (also serving as Pillsbury's assistant treasurer), accounts of property holdings, and a year's worth of purchase orders (including textbooks, supplies, and food).  Additional information concerning the relationship between Pillsbury and Carleton can be found in Merrill Jarchow's biography of Donald Cowling, and in the President's Papers, 1909-65, in the Carleton Archives.  Carleton and Pillsbury amicably severed their ties in 1935; the academy closed its doors in a few years later.