 Complete the following phrase:  The College faced bankruptcy, and discontinued operations. The philanthropist and abolitionist Gerrit Smith, who lived nearby, in Peterboro, became the proprietor of the insolvent college. He assumed its debts, which exceeded its assets; as a newspaper put it, he became the owner of the property when the college was abandoned. A modern scholar has suggested that Smiths breakdown and hospitalization after public discovery of his connection with 