Repository: UIHistories Project: Board of Trustees Minutes - 1904 [PAGE 54]

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30

UNIVEKSITY OF ILLINOIS.

[Deo. 9,

Upon the recommendation of President Draper, Miss Edna N. Work, of Rtishville, and Miss Alice Abbott, of Urbana, were granted scholarships in the University, on the ground that they were the children of deceased soldiers in the Union army in the War of the Rebellion.

LIBRARY SCHOOL.

President Draper presented the following recommendation from the Council of Administration with reference to the degrees to be conferred in the Library School, and the recommendation was adopted.

1. The degree of bachelor of arts in library science may be given upon the conditions named in the catalog for graduation in the specialized courses, (see pages 73ff and 109ff). 2. The degree of bachelor of library science may be given to those holding the degree of bachelor of arts in library science for one year's additonal work, so distributed that two full years of library work shall be accomplished by the candidate. The first resolution will place a special course in library science in the College of Literature and Arts and in the College of Science, and will enable students in either of these colleges to specialize to a certain extent in library science in the course for the first degree. By the second resolution the student will be required to spend five years to get the degree of bachelor of library science instead of four as at present. These two resolutions together require that the candidate for the degree of bachelor of library science shall have, as now, at least two years of library work proper, and three years of preliminary liberal training instead of only two years as now. MICHIGAN TELEPHONE COMPANY BONDS.

Mr. Nightingale, from the Committee on Finance, reported that there had been a default in the payment of interest on the Michigan Telephone Company's bonds held by the University as part of the Edward Snyder fund, and that he had received from N. W. Harris & Co., of whom the bonds were purchased, a letter with regard to the matter, and that, as it required immediate attention, the committee had instructed Mr. Keith, Treasurer of the Board, to comply with the recommendations contained in the letter. The letter and reply are as follows:

N. W. HARRIS & COMPANY BANKERS 67 M I L K STREET, EQUITABLE BUILDING, BOSTON, J u l y 10, 1902.

DEAR S I R : We send you enclosed a copy of the agreement under which the holders of Michigan Telephone Company consolidated mortgage 5 per cent bonds, due 1929, are asked to deposit their bonds. The committee has been formed to enable the bondholders to unite so that action for their protection may be taken. I f you have not already sent your bonds in, we recommend that they be deposited with the Old Colony Trust Company before July 21st, which may be done direct or through us. The Trust Company will issue a negotiable receipt. I t is not necessary to sign the agreement; by depositing your bonds you become a party to the contract. Yours very truly,

N. W. HARRIS & COMPANY.