Repository: UIHistories Project: Board of Trustees Minutes - 1930 [PAGE 366]

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1929]

UNIVERSITY O F ILLINOIS

363

m y ratio of holdings in the Company. I, of course, have not been in a position to add m y share of cash investment to the experimental costs as they have accumulated in the last three years. It would seem to m e appropriate for the Urbana Coke Corporation to credit m y account with this cumulative interest i the University sees its f way clear to make the suggested alteration. Very truly yours, S. W. Parr O n motion of M r . Barr, this matter was referred to the Finance Committee for investigation and report. AUDIT OF UNIVERSITY ACCOUNTS (30) In connection with their detailed audit of the University's accounts for the quarter ending March 31, 1929, Arthur Young & Company suggested a program for regular quarterly audits which they consider adequate in connection with the system of accounting and internal checks now prevailing in the University's Business Office. These suggestions appear in the report which was presented at the meeting of M a y 17, 1929 (Minutes, page 177). The Comptroller recommends adopting these suggestions and that thefirmbe advised of the Board's action. I concur in this recommendation. O n motion of M r s . Busey, this recommendation w a s adopted.

PATENT ON PROCESS FOR PRODUCTION OF GAS BY FERMENTATION OF CORN STALKS

(31) A recommendation from Professor J. M . White that the University assume the expense of securing the patent on a process developed by Professor A. M . Buswell for the production of gas by the fermentation of corn stalks, and accept the assignment of the patent. O n motion of D r . Noble, this recommendation w a s adopted. APPROPRIATION FOR SERVICES OF PATENT ATTORNEYS (32) A recommendation from Professor James M. White, chairman of the Committee on Patents, that an appropriation of $456 from the Reserve and Contingent Fund be made for the services of Brown, Jackson, Boettcher, & Dienner, as the costs to date in connection with the patent applications on the Phosphorus Test (Minutes, July 17, 1929, page 261), and on the Cellulose Digestion, Case 1 (Gas from corn stalks, etc.). O n motion of D r . Noble, this appropriation w a s m a d e , b y the following vote: A y e , President Armstrong, M r . Barr, M r . Blair, M r s . Busey, M r s . Evans, M r s . Grigsby, Dr. Noble, M r . Trees; no, none; absent, M r . E m m e r s o n , M r . Fisher, M r . Simpson. REQUEST TO MANUFACTURE AND SELL TEST SOLUTION FOR M E A S U R I N G P H O S P H O R U S C O N T E N T O F SOILS (33) A recommendation from Professor James M. White and Dean Mumford concerning granting permission to the Urbana Laboratories to manufacture and sell the solution described in the Agricultural Experiment Station Bulletin No. 337 and called "A Field Test for Available Phosphorus in Soils," for which the University has a patent application pending. September 12, 1929 President David Kinley, J5J Administration Building Dear President Kinley: I a m returning the letter of August 21 from the Urbana Laboratories requesting permission to manufacture and sell the solution described in Agricultural Experiment Station Bulletin No. 337, entitled "A Field Test for Available Phosphorus in Soils." Dean Mumford and Professor Burlison have made a careful check on the cost of the manufacture and bottling of this solution andfindit to be seventy-four cents a quart. The Urbana Laboratories propose to sell i at $1.00 a pint, $1.50 a quart, or t $5.00 a gallon. As the cost of seventy-four cents does not include any selling costs or general overhead, i seems to m e that this is a reasonable scale of prices. t