Repository: UIHistories Project: Board of Trustees Minutes - 1876 [PAGE 80]

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80

The Regent not returning for your meeting, I asked the several Professors and heads of departments to communicate to tb,e Board the probable wants of the departments during the coming year. Several papers from this source I present herewith, others, no doubt, will be handed to you direct. Also a report from a committee appointed by the Faculty in regard to fees to be charged for the use of apparatus, etc. In addition to what the Chemical Department has asked, it will need an appropriation for four large tables to accommodate twenty-four additional students by the Winter Term. This will cost about $240. It was found that coloring the walls of the hall set aside for the Art Collection, of the desire* color, would cost at least $125, hence it has not been done. Respectfully submitted, S. W. SHATTUCK, Business Agent.

The report was received. The report of the Head Farmer, E, L. Lawrence, was read and accepted.

To the President of the Board of Trustees of the Illinois Industrial University : I herewith present a statement of the financial condition of the Agricultural Department, showing the salable property on hand at this time, with an estimated valuation, as follows:

PROPERTY ON H A N D SALABLE SEPTEMBER 1, 1874.

68 Steers (34 fat) ICow 1 Pair Colts (good ones) 1 Yearling Colt (pony) 95 Hogs 400 Bushels Wheat, @ $ .80 390 " Rye, " .70 300 " Oats, " .35 115 Acres Corn 4 Barrels Vinegar with 10 barrels 3 Acres Potatoes y. 4 Beets «' % ' Parsnips 90 Tons Hay, @ $10 00 80 " S t r a w " 3 00 Total salable property Cash sales since March 1 Credits by other departments Six months' care and keep of blooded stock Total sales and credits Permanent improvements (per statement) Total Cash expenses since March 1 Accounts of other departments Receipts from blooded stock I n v e n t o r y of March Total.. Estimated profits for six months $2,698 93 759 23 500 00

$4,000 00 60 00 300 00 30 06 414 00 320 00 273 00 105 00 1,500 00 40 00 75 00 10 00 30 00 900 00 90 00 $8,147 00 3,968 16 568 34 $12,673 50

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$4,587 23 957 95 260 50 3,896 26

9,701 94 $2,971 56

Valuation has been put on property, estimating by the standard of present current prices. Should prices become materially higher or lower, it would, of course, affect the receipts of the department for the next six months accordingly. The amount charged to permanent improvements has all been laid out on what has heretofore been known as the Experimental Farm, in labor and material, and nothing is recorded for what has baen done on the Stock Farm, though some improvements have been made there in setting and caring for old hedges. Some $40 has been laid out in seeding, and might be charged to improvements. „ The tools, etc., on this farm were in bad shape, and out of repairs generally. Plows, harrows, cultivators, wagons, harness, and the mower had to be repaired before they were fit for profitable use. The two wagons have each received a new bed or box, and one new hay rack has been made, as well as other repairs. Twelve dollars was expended on the mower to make it fit for use. All these articles are worth more than at the commencement of the season, but nothing done here has been charged to improvements. The land on the Experimental Farm having produced corn and nothing else, and that without manure, nature rebels and refuses to submit to such treatment. We have hauled out the last load of manure on both places, and are now hauling from the city. I estimate the expenses for the next six months at $2,000, and the cash receipts and credits at $5,500, and hope to pay expenses and a little more, and make the profits of the year foot up $3,000. All of which is respectfully submitted. E. L. LAWRENCE, Head Farmer. NOTE,—It will be seen that in case the Head Farmer's salary is increased to $1,500, a corresponding reduction will be made in the profits of the year. E. L. L,

The Board adjourned, to meet at 8 o'clock P. M.