Caption: Board of Trustees Minutes - 1920
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1919] UNIVERSITY OF ILLINOIS 221 We beg leave to call your attention to the fact that no arrangement has been made for the use of this ground and while we interpose no objection, we believe that the University should pay a fair rental. It is, therefore, requested by the trustees of the Athletic Association that the University of Illinois determine what a fair rental of this property shall be and that payment shall be made to the Athletic Association. Respectfully submitted: O. A. HARKER G . A . GOODENOUGH GEO. HUFF November 5,1918 Dean David Kinky, 109 Commerce Building DEAR SIR: * I am returning the letter signed by the trustees of the Athletic Association requesting payment of rent on the Athletic Association twenty acres. I have discussed the matter with them and with others and agree with them in recommending that a rental charge of Twelve Hundred Dollars ($1200.00) a year be paid for the premises. Yours truly, JAMES M, WHITE Supervising Architect Approved: TRUSTEES OF ATHLETIC ASSN. BY GEO. HUFF The recommendation of Professor White that this rental be paid was approved. T E M P O R A R Y LOAN (21) A letter from the Comptroller concerning a temporary loan from the Merchants Loan and Trust Company. January 6, 1919 President Edmund J, James M Y DEAR PRESIDENT JAMES: I beg to advise you that on December 31st, with the authority of the President of the Board of Trustees, a temporary loan was arranged with the Merchants Loan and Trust Company of Chicago for $50,000.00, payable on demand at 5% interest, the note being signed for the Board of Trustees by Mr. Abbott as President, and myself as Comptroller. This loan was made necessary on account of the large amount of expenditures for the Students Army Training Corps which exhausted the entire cash balance in the hands of the University Treasurer, and for which a sufficient reimbursement has not been received from the Government to restore a working balance in the hands of the treasurer. The cash disbursements on account of this enterprise to January 1, 1919, were approximately $550,000.00, against which only approximately $175,000.00 has been repaid to us. Vouchers have been rendered against the Government for approxi-
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