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Caption: Board of Trustees Minutes - 1872
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128 "Wages of three foremen: Lawrence Vickroy Steadman $720 00 1, 000 00 1, 000 00 $2,720 00 2, 600 00 800 00 1, 000 00 1,000 00 1, 000 00 1, 000 00 500 00 250 00 2, 500 00 3, 000 00 1,100 00 6, 000 00 Outstanding debts due Board expenses Buildings and grounds Fuel and lights Stationery and printing Incidental expenses Insurance Military department Taxes For carrying on farm For Horticultural department, exclusive of foreman's salary and State appropriation For Mechanical department, for each shop $3, 000 $50, 570 00 The Agricultural department has a balance of the legislative appropriation of $686 41, which your committee recommend may be appropriated to the purchase of or payment for necessary farm machinery, under the direction of the Executive Committee. The legislative appropriation for the Horticultural department for the present year, is $1, 750, which should be appropriated for seeds, plants, labor on forest tree plantations. The Chemical department has an unexpended balance of last year's legislative appropriation of $1, 636 45, and an appropriation for the present year of $2, 750, making together the sum of $4, 386 45 ; and the Library and Cabinet have an appropriation of $5, 000. There is an unexpended balance from last year of the legislative appropriation for Agricultural experiments and lectures of $582 34, and $3, 000 for the current year. Those several sums should be appropriated in accordance with the laws on the subject. Tour committee have carefully considered the recommendation of the Regent in reference to an increase to $2,000 each, of the salaries of the five Professors, who are now receiving $1, 800 a year. They appreciate very highly the value of the services of the gentlemen filling these professorships, and would not hesitate to recommend an increase of their salaries, if the financial condition of the University would allow it. But it must be seen, from the statements we have made above, that our treasury will not, at present, bear any increase of salaries whatever, especially when we consider that additional teaching force will probably become absolutely necessary at the opening of the Fall Term. The committee ask the adoption of the resolutions herewith presented. All of which is respectfully presented. A. M. BEOWK, P. R. WRIGHT, JNO. M. PEARSON, D. A. BROWN, S. S. HAYES. Resolved, That the Regent, the Treasurer,and the Chairman of the Finance Committee, be authorized and instructed to sell, as early as possible and for the best price obtainable, the 25, 000 acres of land scrip belonging to the University, and to invest the same in good, safe interest-bearing bonds. Resolved, That the Executive Committee be authorized and instructed to provide for the early sale of the wild lands belonging to the University, (fixing the minimum price of said land at $2 50 per acre.) Resolved, That the several sums of money reported by the Finance Committee as necessary for tlm expenses of the University during the current year, be and are hereby appropriated to* the various objects and departments, as is specifically set forth in said report. The report was received, and the resolution adopted. The Chairman of the Committee of Finance then presented the following additional report:
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