Repository: UIHistories Project: Board of Trustees Minutes - 1914 [PAGE 703]

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1914]

PROCEEDINGS OF THE BOARD OF TRUSTEES.

OF ENDOWMENT

701

STATE AUDITOR'S STATEMENT

FUND—Concluded. $1,249 3,795 150 1,400 2,060 1,229 800 200 1,500 1,040 5,080 2,184 1,712 1,200 1,562 753 100 816 1,620 1,668 1,936 90 921 1,960 210 60 00 00 00 00 00 00 00 00 00 00 00 00 50 00 00 50 00 00 00 00 00 00 38 00 00 00

190,4, Jan. 5- - T o a m o u n t reed, from sale of U n i v e r s i t y lands., Jan. 30" June 29" Nov. 25- ' A m o u n t received on l a n d c o n t r a c t s . 1905, Jan. — 5" Feb. 16Apr. 7" . 11" Sept. 13< Dec. 1« Oct. " Jan. 16- -To a m o u n t reed, from S. W. S h a t t u c k , l a n d c o n t r a c t s 1906, " Jan. 29" Mar. 5 " June 6 1907, Jan. 4Feb. " Apr. 2817" 1908, Jan. 4Feb. " Jan. 281909, 5Jan. " May- 28" Dec. 2- - T o a m o u n t received from F i r s t N a t . B a n k of Chicago, t* 27proceeds of s a l e of bonds b y M e t r o p o l i t a n N a t . B a n k b e l o n g i n g t o U . of I. e n d o w m e n t fund 4- - F r o m S h a t t u c k , a m o u n t received on l a n d c o n t r a c t s . . . 1910, Jan. 1911, Jan. 9 - T o a m o u n t received from S. W . S h a t t u c k 1912, Jan. 12- - T o a m o u n t received

$648,322 91 Mr. Frazer, Honorable James J. Brady, Comptroller, State K. to Mr. Brady, of Public State Accounts, Auditor. Springfield, III.

Auditor

Attention

of Mr. John

Seagrave.

D E A R S I R : I n o t e t h a t y o u r s t a t e m e n t of t h e e n d o w m e n t fund of t h e U n i v e r s i t y , c o n t a i n e d i n y o u r l e t t e r of N o v e m b e r 1 1 , 1913, gives t h e a m o u n t of t h i s fund a s $648,322.91, o n J a n u a r y 3 1 , 1913. T h i s s t a t e m e n t does n o t include a r e m i t t a n c e of $60 t o t h e S t a t e T r e a s u r e r o n D e c e m b e r 3 1 , 1912. I p r e s u m e , therefore, t h a t t h e s t a t e m e n t w a s a s of J a n u a r y 1, 1913, r a t h e r t h a n a s of J a n u a r y 3 1 , 1913. I t w o u l d s e e m t h a t a s t a t e m e n t of t h e e n d o w m e n t fund a s of J a n u a r y 1, 1914, m a y b e m a d e a s f o l l o w s : R e p o r t e d J a n u a r y 1, 1913 $648,322 91 R e m i t t e d J a n u a r y 2, 1913 60 00 R e m i t t e d D e c e m b e r 13, 1913 , 60 00 Total . , $648,442 91 T h e r e a r e a t t h e p r e s e n t t i m e t w o l a n d c o n t r a c t s in force. C o n t r a c t N o . 174 is d u e J a n u a r y 1, 1916. T h e a m o u n t of p r i n c i p a l t o b e p a i d before t h a t d a t e i s $120. C o n t r a c t N o . 214 i s d u e J a n u a r y 1, 1915, t h e a m o u n t of p r i n c i p a l t o b e p a i d b e i n g $450. T h i s w o u l d m a k e t h e t o t a l a n d final a m o u n t of t h e e n d o w m e n t f u n d of t h e U n i v e r s i t y $649,012.91 on J a n u a r y 1, 1916. T r u s t i n g t h a t t h i s s t a t e m e n t a g r e e s w i t h y o u r s t a t e m e n t 6f t h e e n d o w m e n t fund, a n d t h a t t h i s l e t t e r c o n t a i n s t h e i n f o r m a t i o n y o u desire, I r e m a i n , Very truly yours,

GEORGE E . FRAZER.,

4

Comptroller.

Mr. Brady,

State

Auditor,

to Mr. Frazer,

Comptroller.

Mr.

J a n u a r y 14, 1914. George E. Frazer, Comptroller, University of Illinois, Urbana, III. D E A R S I R : R e p l y i n g t o y o u r f a v o r of t h e 13th, I b e g t o a d v i s e t h a t i n v e s t i g a tion s h o w s t h a t t h e p r e v i o u s a d m i n i s t r a t i o n failed t o c r e d i t t h e e n d o w m e n t fund w i t h t h e s u m of $60 w h i c h w a s received on J a n u a r y 2, 1913. T h i s a m o u n t p l u s t h e r e m i t t a n c e on D e c e m b e r 13, of $60, m a k e s t h e e n d o w m e n t fund a s y o u s t a t e $648,442.91. T h a n k i n g y o u v e r y m u c h f o r y o u r i n f o r m a t i o n in r e g a r d t o t h e o t h e r a s s e t s of t h e e n d o w m e n t fund, of w h i c h I h a v e m a d e d u e n o t e i n t h i s office, I a m ; Yours very truly,

' J A M E S J. BRADY.,

Auditor

of Public

Accounts.

A GRANITE BOULDER TO MARK THE GRAVE OF DR. GREGORY. President James presented a recommendation from Prof. James M. White, Supervising Architect, that a granite boulder which was taken from