Repository: UIHistories Project: Board of Trustees Minutes - 1884 [PAGE 231]

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4. F r o m a p p r o p r i a t i o n for B u i l d i n g s a n d G r o u n d s , 1884-5: F o r finishing fence on G r e e n e st. a l r e a d y o r d e r e d $280 00 F o r n e w c a s e s in Prof. Bnrrill's room, finishing t h e r o o m below in b a s e m e n t , a n d c o n n e c t i n g t h e two by a s t a i r w a y , a s p e r p l a n s a n d e s t i m a t e s h e r e with 300 00 F o r r e p a i r s to p l u m b i n g in C h e m i c a l L a b o r a t o r y 400 00 5. F r o m S t a t e a p p r o p r i a t i o n s , 1884-5, for b o o k s a n d p u b l i c a t i o n s : For binding 100 00 6. F r o m S t a t e a p p r o p r i a t i o n s , 1883-4, for c a b i n e t s : F o r e m p l o y m e n t of a s s i s t a n t on H e r b a r i u m 50 00 All of w h i c h is respectfully s u b m i t t e d , S. H. PEABODY. U E B A N A , J u n e 11,1884. *

The report was received. The Committee on Sale of Nebraska Lands submitted the following report:

To the Trustees of the Illinois Industrial University: G E N T L E M E N — Y o u r C o m m i t t e e on Sale of N e b r a s k a L a n d s b e g l e a v e to r e p o r t t h e i r p r o c e e d i n g s for t h e q u a r t e r e n d i n g with d a t e , as follows: 1. T h e s a l e s r e p o r t e d at t h e last m e e t i n g of t h e B o a r d h a v e b e e n perfected, c o n t r a c t s e x c h a n g e d , a n d t h e twenty-five p e r cent, of p u r c h a s e m o n e y r e c e i v e d in c a s h h a s b e e n t u r n e d over to t h e T r e a s u r e r . 2 P r o p o s i t i o n s h a v e b e e n received a n d a c c e p t e d for t h r e e o t h e r t r a c t s ; o n e at $15, a n d two at $12.50 p e r a c r e . T h e c o n t r a c t s for t h e s e s a l e s a r e n o t y e t c o m p l e t e d . T h e t o t a l s a l e s to d a t e a r e as follows: N u m b e r of t r a c t s sold, 7. N u m b e r a c r e s sold, 1,093.68. P r i c e s , 1 t r a c t at $15.05; 3 a t $15.30; 1 at $15; 2 t r a c t s a f $12.50. T h e a g g r e g a t e p r o c e e d s of land sold are $15,749.84. C a s h p a y m e n t s , w h e n c o n t r a c t s are c o m p l e t e , $3,937.46. Deferred p a y m e n t s , b e a r i n g 8 p e r cent, i n t e r e s t , r u n n i n g v a r i o u s l y from t h r e e y e a r s to t e n y e a r s , $11,812.38. Cash received, a n d t u r n e d o v e r to T r e a s u r e r , $2,362.46. T h e e x p e n s e s of s a l e s h a v e b e e n : A p p r o v e d at l a s t m e e t i n g ". $84 10 Offered for a p p r o v a l : Printing and stationery $6 85 Expressage 1 00 Advertising 20 40 Total for q u a r t e r $28 25 T o t a l e x p e n s e of s a l e s to d a t e $112 35 2. Your c o m m i t t e e a r r a n g e d with Mr. C. E Baker, r e p r e s e n t i n g t h e firm of B u r n h a m , T r e v e t t & Mattis, at Beatrice, to r e n t s u c h l a n d s a s w e r e n o t sold. T h e y w e r e to be r e n t e d for g r a z i n g a n d g r a s s only, a n d for t h e c u r r e n t s e a s o n , e n d i n g Oct. 10,1884. Mr. Bafcer's c o m p e n s a t i o n for t h i s b u s i n e s s w a s to be five p e r cent, of t h e a m o u n t of t h e r e n t s collected. All l e a s e s h a v e been signed by y o u r c o m m i t t e e , after a p p r o v a l . P u r s u a n t to t h i s a r r a n g e m e n t — T w e n t y - n i n e (29) q u a r t e r s e c t i o n s h a v e b e e n leased, for c a s h p a i d in advance, amounting to. $596 00 D e d u c t c o m m i s s i o n s at 5 p e r c e n t $29 80 E x p e n s e s paid at Beatrice— A dvertising $14 50 Expense 9 03 23 52 53 33 B a l a n c e t u r n e d over to B u s i n e s s Agent $542 67