Repository: UIHistories Project: Board of Trustees Minutes - 1900 [PAGE 55]

EXTRACTED TEXT FROM PAGE:

1898.J

PROCEEDINGS OF THE BOARD OF TRUSTEES.

35

In this group, on the field notes, the forties were marked 1, 2, 3, or 4; 1, being good land; 4, wet or otherwise poor, and 2 and 3 of medium quality. In all cases where it made any material difference how the quarters should be •divided, if sold in eighties, the proper division was indicated. Our agents have been holding these lands at $15.00 per acre, and of that sold very little has come back. Although this price is rather above that of other unimproved lands near here, we see no reason to reduce it. We find that the various reports given by Professor Shattuck and Mr. Pillsbury in regard to our lands have been carefully made and are substantially confirmed by this report, except where conditions have changed. When land is sold we would demand a cash payment o£ 25 per cent of the purchase price, and would give a much time as desired for the balance, so long as interest and taxes are kept paid up. Kents at $1.50 per acre for plowed land and $5.00 per 40 acres for hay or pasture, we consider fair to all concerned. We recommend that actual settlers be given the preference in all cases where sales are to be made. This country is inhabited mostly by Scandinavians, Hollanders and Bohemians. The committee found the assistance of Mr. Pillsbury invaluable in finding locations and corners, when the houses were far apart. His former experience in looking over the land added much to a satisfactory inspection. .Respectfully submitted,

ISAAC S. KAYMOND, ALEXANDER MCLEAN,

Committee. T h e r e p o r t was received a n d its r e c o m m e n d a t i o n s adopted. I t was ordered t h a t t h e jield notes a n d m a p s referred to s h o u l d b e d e p o s i t e d with t h e Secretary of t h e Board. A motion m a d e by Mr. S m i t h to w i t h d r a w all t h e M i n n e s o t a l a n d s from sale until further order b y t h e B o a r d was defeated by the following vote: l e a s , Messrs. Bullard, S m i t h , M c K a y a n d M r s . Card e l ; nays, Messrs. Morrison, A r m s t r o n g , R a y m o n d , M c L e a n a n d M r s . Flower. O n motion of Mr. M c L e a n it was ordered t h a t P r e s i d e n t D r a p e r ' s l)ill, which h a d been approved b y t h e F i n a n c e C o m m i t t e e , for expenses from J u n e 13 to N o v e m b e r 15, 1898, a m o u n t i n g to $45.02, b e p a i d and an a p p r o p r i a t i o n therefor was m a d e . T h e B o a r d t h e n adjourned to meet at 10 o'clock, W e d n e s d a y morning.

S E S S I O N OE W E D N E S D A Y , DECEMBER 14, 1898.

W h e n t h e Board met p u r s u a n t to a d j o u r n m e n t t h e same m e m b e r s -were present as at t h e sessions of T u e s d a y except Messrs. F r e e m a n and McKay. Mr. M c L e a n was made C h a i r m a n . T h e F i n a n c e C o m m i t t e e m a d e t h e following report,

FINANCE COMMITTEE'S REPORT. URBANA, Dec. 14, 1898.

To the Board of Trustees of the University of Illinois. GENTLEMEN: Your Finance Committee begs leave to report that it has examined vouchers submitted by the business manager on which warrants have been issued as follows: General University warrants Nos. 1 to 550, inclusive,