Repository: UIHistories Project: Board of Trustees Minutes - 1894 [PAGE 229]

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230

UNIVERSITY OF ILLINOIS. U R B A N A, I I I . , March 14, 1894.

To the Board of Trustees of the University of I Illinois. GENTLEMEN: Your finance committee reports t h a t it has examined t h e report of t h e treasurer, C. W. Spalding, herewith attached, for the three months ending February 28, 1894, and finds t h e same correct. The committee finds t h a t on September 1, 1893, t h e treasurer had on hand $33,377.50 belonging to t h e endowment fund; t h a t since then there has been collected on t h e land contracts in Minnesota, $4,142.00; and t h a t Gallatin county 6 per cent, bonds, to t h e amount of $10,000.00, have been purchased a t par, leaving a balance of cash on hand in t h e endowment fund, March 1, 1894, of $27,519.50. The committee recommends t h a t this sum be at once invested in such securities as may be held, according t o law, as a part of t h e endowment fund. I t should be stated, however, t h a t Mr. Spalding has told your committee t h a t he is negotiating for additional bonds and hopes to consummate a purchase a t an early date. Respectfully submitted,

A L E X A N D E R M C L E A N , ) Finance Committee J. E. ARMSTRONG, ^ mance committee.

TREASURERS REPORT.

FEB-

CHARLES W. SPALDING, TREASURER, I N ACCOUNT WITH T H E UNIVERSITY O F ILLINOIS, R U A R Y 28, 1894.

Br. '1893. December To balance F r o m S. W . S h a t t u c k o n a c c o u n t of g e n e r a l fund , P r i n c i p a l o n c o n t r a c t N o . 81, F r a n k T o p k a , Interest " " " , N o . 86, A n n e H a n s o n P r i n c i p a l on c o n t r a c t N o . 60, J a m e s H a v l i n a Interest " " " P r i n c i p a l o n c o n t r a c t N o . 59, F r a n k H a v l i n a Interest " " " N o . 36, L H . R u y l e , ' a s s i g n e e P r i n c i p a l o n c o n t r a c t N o . 5, B a s h o r & A u l t Interest '* " " " " N o . 73, Olof M a t t s o n " " N o . 65, J o s e p h C u t a " " N o . 62, R. H . M u h l h a u s e n " " N o . 109, O t t o M o n s o n From W . L. Pillsbury, transferring h i s personal account from university books, which a m o u n t is credited t o experiment station account I n t e r e s t o n c o n t r a c t N o . 61, O. B . W e b b , a s s i g n e e ** " No. 6i, Eric Lindquist F r o m S. W . S h a t t u c k o n g e n e r a l f u n d a c c o u n t I n t e r e s t o n c o n t r a c t N o . 31, J . H . H a n s o n Principal " "" " " 'I n t'e r e s t' " N o . 45, B l i v e n s & M i l l e r No. 47, M . H u b k a Principal Interest N o . 53, F . N o v o t n y , a s s i g n e e . . N o . 57, C . A n d e r s o n N o . 34, J . & H . J . S w o b o d a . . . Principal Interest Interest to date on endowment fund at 4 p e r cent.. I n t e r e s t t o d a t e o n o t h e r f u n d s a t 2</2 p e r c e n t P a r t i n t e r e s t o n c o n t r a c t N o . 106. P e t e r T e d e n I n t e r e s t o n c o n t r a c t N o . 63, R. O. B r a a t e n " " N o . 97, M . O. H a t t e r b u r y . <k " N o . 40, J o s e p h D e z o r t " " N o . 75, S. J . H a l l q i i i s t N o . 76, S. J . H a l l q u i s t , " " N o . 108, P . E . O l s o n N o . 71, T h o m a s P e t e r s o n . . . . , Principal Interest N o . 79, O l e S o r e n s o n . Principal Interest N o . 67, J . A. D u B o i s N o . 87, L a u r a D u B o i s , a s s i g n e e . $190,031 23 $1,646 60 150 00 73 50 23 101 120 00 9 60[ 120 00 9 60 120 001 575 001 46 00| 84 00 84 001 132 00 28 00 407 76 104 00 84 00 2,230 29 40 00 200 00 124 48 200 00| 113 15 56 00 24 00 200 00; 16 00| 117 94 286 22 75 001 4 52 50 96 001 84 00 84 001 120 75 50 0o| 7 70 20 00 75 00 28 00| 105 00i

1894. January