Caption: Board of Trustees Minutes - 1898
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106 UNIVERSITY OF ILLINOIS. [April 2 2 Board April 12 State of Trustees—Concluded. Appropriations—Concluded. 795 41 59 02 320 80 1,472 66 $130,885 90 89 48 130,796 52 $144,523 76C H A R L E S W. SPALDING^, Chemical Laboratory Laboratory of Vegetable Pyhsiology Fire protection Laboratory of Vaccine V i r u s Less overdrafts School of P h a r m a c y ..' Treasurer. T h e B u s i n e s s M a n a g e r p r e s e n t e d t h e following s t a t e m e n t : BUSINESS MANAGER'S REPORT. U N I V E R S I T Y OP I L L I N O I S I N ACCOUNT W I T H C H A R L E S W. S P A L D I N G , T R E A S U R E R . April 12, 1S97. 1897. March April *' '' •' ** 1897. April 31 Balance (University books) 1 Interest on land contracts 1 Nos. 62, 75, 76 12 I n t e r e s t from t r e a s u r e r , 2 s per cent. 12 Interest from t r e a s u r e r , 4 per cent 12 Unpaid w a r r a n t s 32 In Business Manager's h a n d s March 31,1897 12 Balance Endowment f u n d Invested in bond s Balance u n i n v e s t e d $92,363 45 206 75 879 45 428 43 3,332 40 $4,916 97 92,293 51 $97.210 48 $418,110 001 38,602 91 $456,712 91 7,210 48 T h i s s t a t e m e n t was received for record and referred to the F i n a n c e x Committee. T h e following letter was pr S3iited to the Board by Mr. A r m strong: CHICAGO, April 14, 1897. James JE. Armstrong, Esq., Trustee University of Illinois, Chicago*. MY DEAR SIR:—The following" telegrams have passed between President Draper and myself this day: " I will be one of ten men to advance fifty thousand dollars or as much thereof as may be necessary to carry the University through current year,, enabling* Trustees to straighten out financial tangle. You can communicate: this suggestion to Trustees if you desire." (Signed) JOHN PARSON.. "Your kind offer received and appreciated. The Trustees are in session at. the Sherman House and I suggest that you send it to them direct." (Signed) A. S. DRAPER, President. Trusting that your difficulties are not so serious as the papers would indicate, 1 am Yours very truly, J O H N FARSON. T h e Secretary was i n s t r u c t e d to m a k e grateful a c k n o w l e d g m e n t of Mr. F a r s o n ' s g e n e r o u s offer. T h e following resolution offered b y Mr. M c L e a n was a d o p t e d :
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