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Caption: Board of Trustees Minutes - 1926
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1925] UNIVERSITY OF ILLINOIS 48S versity authorities a lump sum or securities sufficient to insure an annual income of at least one hundred dollars for the award in perpetuity." I recommend that the Board accept the gift offered by Dr. Frank Smithies for the purpose indicated in his letter to me—namely to establish a prize of Jioo to be awarded annually to any member of the College of Medicine who submits during the year, the most useful piece of research on diseases of the alimentary tract. O n motion of M r . Barr, this gift w a s accepted under the rules of the Board. OFFER OF FARM IN INDIANA (12) Recently I received a letter from Dr. C. A. Hollett of Dupont, Indiana, asking whether the University would accept his farm of 400 acres located iyi miles north of Dupont, as a gift, with the proviso that he receive an annuity payable during the life of himself and wife, until the death of the last survivor. Dean Mumford and I visited this farm. After inquiring into the circumstances as thoroughly as we could we both think that it would be inadvisable for the University to accept this gift. It seems to me, therefore, that the Board should thank Dr. Hollett for his kind offer but decline it with an appropriate expression of thanks. M r s . Ickes took her place with the Board during the presentation of this item. O n motion of M r . Barr, this gift w a s declined, and the President of the University w a s requested to convey to D r . Hollett the thanks of the Board. ACCEPTANCE OF DR. CARL A. HEDBLOM (13) I have received through the hands of Dean Davis, and transmitted to the Secretary of the Board, Dr. Carl A. Hedblom's acceptance of the appointment tendered him by you as Professor and Head of the Department of Surgery. Dr. Hedblom informs m e that he will report for duty at the beginning of the second semester. This report w a s received for record. LEAVE OF ABSENCE FOR COLONEL W. T. MERRY (14) Colonel Merry has requested the War Department to permit him to be absent from his duty here for about two months and a half, beginning about January 1, on account of Mrs. Merry's health. I have forwarded his request to the War Department with m y approval and ask that you approve this request so far as the University is concerned. O n motion of M r s . Busey, this request w a s approved. HESSEL LAND (15) Mr. J. F. Hessel called on m e recently and read certain papers which he brought with him containing, as he said, certain propositions which he asked m e to consider and submit to the Board as a mode of meeting the University's desire to acquire his land, concerning which condemnation proceedings have been begun. The Comptroller has summarized these propositions for m e briefly as follows: 1. The University has been asked to approve a certain sub-division of this land, the sub-division containing about one-half of the tract which Mr. Hessel would expect to sell for approximately ?2Jo,ooo. H e then proposes to deed to the University the remaining 25 acres in return for an annuity equal to interest on an unstated valuation of this portion of the tract payable until his death. 2. That Hessel Block as laid out by him shall be kept intact; that the University will cooperate in securing a subway at the southwest corner of the Hessel tract; that under the above two conditions the University may purchase the entire tract on the following terms:
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