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Caption: Board of Trustees Minutes - 1871
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1U$ During the past year, the Executive Committee, acting upon the order of the full Board at the last annual meeting, contracted or gold 280 acres of the Griggs Farm, at $60 per acre, receiving a small payment down, the balance drawing 8 per cent, interest, payable semiannually, in advance. "We now have a proposition for 40 acres more, which is low and marshy, and not contiguous to a highway, at $55 per acre. The committee recommend the sale, and that Judge J. O. Cunningham be authorized to make all the necessary papers, on the part of this Institution, to consummate this and all other sales that have been made, and deposit said papers with the Treasurer or Regent, The Bookkeeper's statement, which was referred to this committee, has been examined, and upon comparison with the Treasurer's Report, found to be correct in all essential particulars. Its preparation must have required great care and skill, and we doubt not will be satisfactory to the State Auditor, in the linal settlement of our appropriation account for the year 1869-70. We have reason to congratulate ourselves in having in our teaching corps one who is so useful to us in this way. So much of the Regent's report as was referred to this committee, touching the finances, is in the main concurred in and recommended. The suggestion, however, that the funds for the several departments be kept separate, is, in our opinion, not feasible. ESTIMATED EXPENDITURES FOR THE NEXT UNIVERSITY YEAR. Board expenses • Salaries Treasurer and Corresponding Secretary . . . Regent. Prof. Baker. 4 * Stuart 44 Robinson * * Shattuck 44 Burrill 44 Snyder 4 * of Agriculture.., 44 Geology and Natural History *4 History and Social Science Two assistants at $600 One assistant Non-resident lecturers Lecturers on Veterinary Science Agricultural department . . . e 4 Horticultural ' Florist, and labor on grounds Insurance » Taxes Buildings, repairs and care of , $1,200 1,000 4,000 2,000 2,000 2,000 1,800 1,800 1,800 2,000 1,000 1,000 12,000 1,000 1,000 600 $23,200 3,000 1,000 900 400 2,235 , 1,000 00 00 00 00 00 00 00
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