Repository: UIHistories Project: Board of Trustees Minutes - 1932 [PAGE 598]

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596

BOARD OF TRUSTEES

[May ii

This report was received for record. SALE OF SECURITIES

(19) A report from the Comptroller that in accordance with the authority granted by the Board at its last meeting the Treasurer sold the remaining securities received from the First National Bank of Champaign on account of Mr. H. S. Capron as Treasurer, as follows: $50 000 U.S. Treasury 3 % Bonds @ 94 1/32 due 1951/1955. • $47 015 63 55 000 U.S. Treasury 3 % Bonds @ <)2}4, March and September 15th, due 1951/55 5° 875 00 45 000 U.S. Treasury 3 % Bonds @ 9 2 ^ , March and September 15th, due I95I/55 41 737 50 50 000 U.S. Treasury 3 % Bonds @, 93}4, March and September 15th, due 195^/55 46 625 00 50 000 U.S. Treasury 3 % Bonds @. 93, March and September 15th, due I95I/55- • . 46 500 00 5 000 County of Champaign Tax warrants 5 000 00 Interest 1 212 64 $238 965 77 This concludes the sale of all securities turned over to the Board of Trustees by Mr. Capron, and the realizations have been credited to his account. There remains a balance in his account of $92,592.92. This balance does not include any interest accrued on the Treasurer's account subsequent to December 31, 1931. The amount of such interest to April 19, the date on which the University's accounts were audited, on the basis of the arrangements between M r . Capron and the Board, was $2,362.99. The Comptroller requests instructions as to whether Mr. Capron will be expected to pay interest on his balance continuously to the time the entire balance is accounted for. This report w a s received for record.

NATIONAL RESEARCH COUNCIL. GRANTS TO M E M B E R S OF THE FACULTY

(20) A report that the National Research Council has made the following assignments of funds to members of the faculty for research work: T o Professor B. Smith Hopkins, of the Department of Chemistry, for technical assistance in connection with his investigations on the properties of the element Illinium $ 750 T o Professor V. E. Shelford, of the Department of Zoology, for field and laboratory expenses, in connection with his studies of the rodents of the Canadian tundra 350 T o Professor William C. Rose, of the Department of Chemistry, for technical assistance, in connection with his continued investigations of the nutritive importance of the amino acids 1 000 T o Mr. J. E. Kania, Department of Geology, for chemical and X-ray analyses, in connection with his study of the genesis of hydrothermal copper deposits of the pyritic type 200 This report w a s received for record.

REPORT OF GIFTS

(21) The following report of gifts received by the University since the last report: From the Detroit Illinae Club, $25 as an addition to the student loan funds. From Mr. C. B. Burdick of the Class of 1895, $100 as a contribution to the fund for Anonymous Scholarships in Civil Engineering. From the Jones & Laughlin Steel Corporation, structural steel valued at $80 for use in the concrete arch investigations; from Fairbanks Morse and Company, $80,60 and from the Neal Gravel Company of Mattoon, $36 for use in this investigation. From Mead Johnson and Company an additional $1200 (supplementing a This report work received for the Board on December 15, 1931 (Minutes, page 494), for research was on Metabolism. previous gift of $500 reported to record.