Repository: UIHistories Project: Board of Trustees Minutes - 1916 [PAGE 165]

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1914]

PROCEEDINGS OF THE BOARD OE TRUSTEES.

M I N N E S O T A L A N D CONTRACT.

165

(20) A letter from the Comptroller announcing that the last payment on the northeast quarter of the northwest quarter of section 4 (containing 39.91 acres) and the southeast quarter of the northwest quarter of section 4. (containing 40 acres) in the county of Kandiyohi, in the state of Minnesota, had been received, amounting to $128.40. This last payment, like the others, must be turned into the State Treasury, and will become part of the endowment fund of the University of Illinois, on which interest is paid by the State under the act of 1897. On motion of Superintendent Blair, this payment was accepted, and the President and Secretary of the Board of Trustees were authorized to,execute a deed to this property.

R E Q U E S T FOR A S S I G N M E N T OF L A N D .

(21) A letter from the Dean of the College of Agriculture in regard to the assignment among the various University interests of the 320-acre tract of land lying east of the South Farm, and which was recently purchased. This communication was referred to the Committee on Agriculture for consideration and report.

L E A V E OF A B S E N C E FOR PROF. MUMFORD.

(22) A request from Prof. Herbert W. Mumford for leave of absence on half pay for the purpose of advanced study for one year beginning September 1, 1915, in accordance with the statutes of the University on that subject. On motion of Mrs. Busey, this application was granted, provided the President of the University can make satisfactory arrangements for Prof. Mumford's work during this absence. A P P O I N T M E N T OF PROFESSOR K U N O MEYER. (23) A recommendation that the President of the University be authorized to appoint Dr. Kuno Meyer visiting Professor of Celtic Languages and Literature, for the second semester of the academic year 1914-15; his remuneration to be charged to the appropriation for the salary of Prof. Frechet who was detained in France by the outbreak of the present war. On motion of Superintendent Blair, this recommendation was approved. M A R G A R E T L A N 3 E JAMES LOAN FUND. (24) A letter from the President of the University to the Board of Trustees concerning the endowment of a student's loan fund for young women, to be called the Margaret Lange James Loan F u n d : URBANA, I I I . , December 8, 1911,. To the Board of Trustees of the University of Illinois: You are probably aware that Mrs. James was very much interested in the welfare of the students of the University of Illinois, and that she concerned herself much with personal and individual, as well as general, cases and problems. She was especially interested in helping to increase the facilities, opportunities, and privileges for young women. She expressed to me, some years ago, a desire that we should provide for the nucleus of a loan fund for students, preferably women, to which other people might be invited to contribute. In accordance with her wishes, therefore, I am making* to you the following proposition. I will present to the Trustees of the University of Illinois the sum of $5,000 to be loaned at the rate of five per cent per annum to students, preferably women, who have completed two full years of work in the University of Illinois, and who, by their character, intellectual capacity, and physical vigor give distinct promise of rendering valuable service to their day and generation—this fund to be known as the Margaret Lange James Student Loan Fund. This offer is made on the condition that the Board of Trustees on their part will agree: 1. To maintain the principal of this fund intact. 2. To pay semi-annually the sum of $125, during the term of her natural life, to my daughter, Helen Dickson James. 3. To add after her death the income of the fund to the principal. I recommend that this proposition be referred to the Finance Committee of the board for consideration and report.

EDMUND J. JAMES.

On motion of Superintendent Blair, this offer was referred to the Finance Committee for consideration and acceptance.

POLICY C O N C E R N I N G INCOME A N D BUDGET.

(25) The following statement: It will be necessary for the Board of Trustees to decide shortly as to what policy they will adopt concerning the requests from the Legislature at the coming session for the support of the University. I recommend that the Trustees ask the Legislature to appropriate the proceeds of the mill tax in a lump sum to the Trustees of the University of Illinois, for the maintenance and extension of the University.