Repository: UIHistories Project: Board of Trustees Minutes - 1904 [PAGE 95]

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1903]

PROCEEDINGS OF THE BOAED OP TEUSTEES.

71

The University appropriations made by the Forty-third General Assembly, just adjourned, are as follows:

First year. Salaries, etc Shop practice Cabinets Library Apparatus and appliances Fire protection Pavements Vaccine laboratory Engineering equipment... Buildings and grounds. Farm repairs, etc Water analysis Additional instructors of agriculture.. Political science Music School , State Agricultural Experiment Station Equipping Agricultural College Chemical laboratory Water plant Interest on endowment United States fund Telephone exchange Woman's building Furnishing law building Newfloor in armory

$250,000 00 3,000 00 2,000 00 20,000 001 3,000 001 1,500 00 5,000 00 1,500 00 75,000 00 5.000 00 5,000 00 4,000 00 6,000 00 7,200 00 3,000 00 85,000 00 50.000 00 10,000 00 2,000 00 32,725 13 25.000 00 3,000 00 80,000 00 2,500 001 2,500 00

Second year.

$2:0,000 00 3,000 00 2,000 00 20,000 00 3,000 00 1,500 00 5,000 001 1,500 00 75.000 00 5,000 00 5,000 001 4,000 00: 6,000 00 7,200 00! 3,000 00 85,000 00 50,000 00 32,000 00 25,000 00

Total.

$500,000 6,000 4,000 40,000 6,000 3,000 00 00 00 00 00 00

10,000 00 3,000 00 150 000 G O

10,000 10,000 8,000 12,000

00 00 00 00

6,000 C O 170,000 00 100,000 00 10,000 00 2,000 00 64,725 13 50,000 00 3,000 00 80,000 00 2,500 C O 2,500 00

14,400 00

$683,925 13

$583,200 00 $1,267,125 13

FINANCE. The significant items are those for ordinary operating expenses, for the Library, for equipment, instruction, and experimentation in the agricultural work, for liberally extending the equipment of the College of Engineering and for the erection of a Woman's building. These appropriations mean very much to the future of the University, and make it very desirable that we proceed with care and upon full knowledge. We have expanded so rapidly in recent years that i t has been exceedingly difficult to keep within our means or to refrain from mortgaging the future. I am advised by the Business Manager that we have anticipated our income to an extent which now places us in debfc to future revenues by as much as $25,000. While this sum is not large in comparison with our total cost of operation, still it would be more healthful if we had so much surplus rather than so much deficit, and I think we should aim to have i t so a year hence. Ordinary prudence requires t h a t we proceed upon plans which will leave us a financial balance to protect us against emergencies, or to enable us to take advantage of special opportunities which occasionally present themselves. The University salaries have to be considered at this time of the year. The industrial activity which is unprecedented in the country has created a special demand for the services of competent men in engineering lines of work, and there is an undoubted scarcity of men scientifically prepared for instruction and investigation in agricultural work upon the basis established here. We have a considerable number of relatively young men in our instructional work, in all departments, who have grown older and more valuable in our service. I t must be borne in mind also that the cost of living has advanced in recent years. While these facts are all to be taken into account to the end that we deal justly by individuals and permit no interests of the University to suffer, we are bound, on the other hand, to act conservatively in the expenditure of public moneys. Our instructional salaries