Repository: UIHistories Project: Board of Trustees Minutes - 1892 [PAGE 110]

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PROCEEDINGS OF BOARD OF TRUSTEES.

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T h e K e g e n t , D r . P e a b o d y , w a s t h e n called u p o n t o p r e s e n t a n y business needing consideration by t h e B o a r d a t this time, a n d a f t e r t h a n k i n g t h e t r u s t e e s for t h e l e a v e of a b s e n c e j u s t g r a n t e d , h e called a t t e n t i o n t o t h e f o l l o w i n g i t e m s : 1. A delegate or delegates should be appointed to attend the meeting of the Association of American Agricultural Colleges and Experiment Stations, at Washington, D. C , opening next week, August 12th. 2. A petition of the Academy is herewith presented for use of a room in which to hold its meetings. 3. My resigna ion as President of t h e Board of Direction of the Experiment Station is herewith tendered. This will involve the naming of a President or Acting President.

BEGENT'S OFFICE, )

CHAMPAIGN, August 7, 1891. \

To the Trustees of the University of Illinois. G E N T L E M E N : I respectfully resign my appointment as a member of the Board of Direction of the Experiment Station, and President thereof, to take effect at your pleasure. Respectfully,

SELIM H. PEABODY.

Dr. P e a b o d y a l s o p r e s e n t e d a

R E P O R T ON MINNESOTA LANDS.

URBANA, August 7, 1891.

To the Trustees of the University of Illinois. G E N T L E M E N : The committee on sale of Minnesota lands begs leave t© report as follows: For a time this committee was charged with the sale of lands in Minnesota and Nebraska. The lands in the latter na r ned state were all sold, and were reported upon finally June 11, 1889. [Beport for 1890, page 66.] November 15, 1889, the Executive Committee gave authority to this committee to sell the lands in Minnesota, a t not less than $10 per acre. June 10, 1890, t h e committee reported specially on t h e lands in Pope county, Minn., and t h e Trustees authorized the sale of the lands in t h a t county at prices not less than $6 per acre. Accordingly, Mr. Peabody visited and inspected t h e land in Pope county, in August, 1890, making specific notes upon each forty-acre subdivision. Pursuant to this inspection, a new appraisal of these lands was made, and they were offered for sale at prices ranging from $6 to $12.50 per acre, the average being over $10 per acre. The indications are t h a t the prices fixed are above the present market value of these lands, as scarcely any of them have been sold. The lands in Kandiyohi and Eenville counties remain for sale a t $10 per acre, in quarter section lots. The latter condition obtains because no inspection by smaller subdivisions has been made. B a t it has been agreed that if parties should at a r y time buy t h e whole of a quarter section, title would be given in parts, if the buyers should so desire. The lands in Pope county are offered for sale in forty-acre subdivisions. When the lands in Pope county were inspected in the fall of 1886, it was found t h a t the Minneapolis and Pacific Railway had built a track acr ss some of the land. The n u t t e r was investigated, and reported to the Trustees, and by their order [Beport 1888, page I0\ settlement was made with the railway for the land taken, and a deed given. Including this sale, the sales of Minnesota lands to date, August 7, 1891, have been as follows: