Repository: UIHistories Project: Board of Trustees Minutes - 1896 [PAGE 42]

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PROCEEDINGS OF BOARD OF TRUSTEES.

TREASURERS REPORT,

C H A R L E S W. SPALDING, T R E A S U R E R , I N ACCOUNT W I T H T H E N O V E M B E R 30, 1894.

45

U N I V E R S I T Y OF I L L I N O I S ,

J)r 1894. -. . . . / . . . , . . . September 1 To balance 5 Received E x p e r i m e n t Station warrant .. 28| farm fund account ;.•:..' October 1 '' J a s p e r county coupons 101 ''"' E x p e r i m e n t Station w a r r a n t 13 '' farm fund account • •.. " - 15! from S. W. Shattuck, on general fund. 16! '' 26' '' 2o 26 on farm account November 5 Oass county coupons Sangamon county bond, Xo. 6 Sangamon county coupon . '' Douglas county bonds, Nos. 131 to 140 Douglas county coupons on farm account '' from S. W. Shattuck, on general f u n d . . . I n t e r e s t on endowment fund to date at 4 per cent . Interest on all other funds to date at 2 1-2 per cent.

$185,&« 53 > $3,750 00 209 64 750 00 3,750 00 10 00 1,172 84 • 3,127 29 2,673 59 819 29 160 83 325 00 600 00| 42 00! 5,000 001 600 001 105 64; 2,186 78; 314 33 462 52 $26,059 75 $211,748 28

1894.

Or.

November 30 By amount paid out of general fund as per list Of war r a n t s attached hereto $12,739 01 30 By amount paid out of state appropriations as per list of j 45,244 56 w a r r a n t s attached thereto 30 By amount paid out of State Laboratory of N a t u r a l History fund, as per list of w a r r a n t s attached hereto 1,219 35 301 By amount paid out U. S. fund, as per list of warrants attached hereto 4,134 59 30 By amount paid out of U. S. Experiment Station fund, as per list of w a r r a n t s attached hereto 3,355 28 30 By amount paid out of U. S. Experiment Station farm account, as per list of w a r r a n t s attached hereto 20 82 Balances; State a p p r o p r i a t i o n s Current fund E n g i n e e r i n g Hall Other appropriations General fund U. S.fund E n d o w m e n t fund U. S. E x p e r i m e n t Station fund U. S. E x p e r i m e n t Station farm account

ma, 713 61 I $33,838 31! 44,064 661

8,775 26! 1,996 29! 16,463 921 36,219 50 2,886 55 790 18 $145,034 67 $211,748 28

T h e following resolution, offered by Mr. A r m s t r o n g was a d o p t e d : Resolved, That the (governor, President Draper, and the Chairman of the Finance Committee constitute a committee to prepare and present to the legislature at its next session a bill providing for a change in the law of the state regarding the investmjent of endowment funds held by the University, and especially as to the kind of securities which may be handled. P r e s i d e n t D r a p e r stated t h a t t h e copy for t h e catalogue would be p r e p a r e d at as early a date as possible, certainly before t h e next r e g u l a r m e e t i n g of t h e Board. S o m e c h a n g e s will be found necessary, a n d h e asked t h a t t h e s e m i g h t be m a d e u p o n t h e approval of t h e C o m m i t t e e on I n s t r u c t i o n , a n d it was so ordered. P r e s i d e n t D r a p e r p r e s e n t e d t h e report of t h e A g r i c u l t u r a l E x p e r i ment Station.