The Southwestern Historical Quarterly, Volume 63, July 1959 - April, 1960 Page: 278
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Southwestern Historical Quarterly
Besides the cost of $22o per semester for room, board, tuition,
and medical expenses, a blanket tax at $1o was offered. The tax
covered the cost of a season ticket to the artist course provided
by Kidd-Key College, paid for the weekly newspaper and the joint
annual named the Chromoscope and Key, and supported the
orchestra, chorus, and the like.48
In 1933 the North Texas Annual Conference of the Methodist
Episcopal Church, South, wishing to give full support to South-
ern Methodist University, felt itself no longer in a position to be
responsible for Kidd-Key College, and after declaring an indebt-
edness of about $145,000, offered the entire assets of the institu-
tion and the debts first to Edwin Kidd, and after his refusal, to
the city of Sherman and/or Grayson County, Texas, who also
refused the offer. The college was therefore to be closed, liqui-
dated, and reverted to the bondholders.49 In June, 1935, the school
closed with honor and dignity as the last graduating class of
thirty-two young women received their diplomas and certificates
from President Kidd.
Many reasons have been given for the failure of the school to
survive, but all of them have as a common ground the reason that
the school had outlived its usefulness because its ideals and pur-
poses were no longer sufficiently in demand.
48Kidd-Key College Catalog, 1934-x935, pp. 49-50.
49Minutes of the North Texas Annual Conference (Dallas, 19i3), unnumbered.
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Texas State Historical Association. The Southwestern Historical Quarterly, Volume 63, July 1959 - April, 1960, periodical, 1960; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth101186/m1/352/: accessed June 23, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Texas State Historical Association.