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Caption: Book - History of the University (Powell)
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258 History University of Illinois cash, is $300,000, Also, $50,000 in city of Lincoln 10 per cent five year bonds—the cash value of which is estimated at $50,000. Also, $50,000 in freight on the Chicago, Alton and S t Louis Railroad, for said University, which is guaranteed by the citizens of Lincoln, and valued, in cash, at $35,000. M Logan county offers in lieu of $46,000 of said city bonds, 355 acres of highly cultivated farm land, adjoining the city of Lincoln, averaging, by the last assessment, $10 per acre, or 640 acres, of like land, also adjoining said city—the last average assessment of which is $14.25 per acre; or 420 acres of like land, also adjoining said city—the last average assessment of which is $15 per acre. A stream of water runs through each of the said tracts, and each is estimated to be worth, in cash, from $40,000 to $50,000. "The total offers of Logan county are estimated, in cash at $385,000. MORGAN COUNTY " Morgan county proposes to donate $200,000, in Morgan county ten per cent, ten year bonds, whose estimated value, in cash, is $200,000. Also, $50,000 in city of Jacksonville ten per cent, ten year bonds, whose estimated cash value is $50,000. Also 200 acres of highly improved farm land, south of and adjoining the State Hospital for the Insane farm, the estimated cash value of which is $40,000—the average of which, by the last assessment, was $55 per acre. Also, the Berean College building, in the city of Jacksonville, whose estimated cash value is $12,000. Also, about six acres of land, in the center of which said college stands— the estimated value of which, in cash, is $13,000. The above offers are estimated, in cash, at $315,000. Morgan county also offers to put in the Illinois College building, whose estimated cash value is $21,000. Also, 31 acres of beautiful land, in the center of which said buildings stand, estimated, in cash, at $60,000. Also a library and apparatus, estimated as worth, in cash, $5,000. Also, the college endowment fund—estimated, in cash, at $90,000. Said Illinois College property, in all, estimated, in cash, at $176,000. Said Illinois College property is under the control of its trustees, who propose to merge it into said In-
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