UIHistories Project: A History of the University of Illinois by Kalev Leetaru
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Repository: UIHistories Project: Book - History of Illinois Land Grant Endowment [PAGE 14]

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14

University of Illinois

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tions in regard to this. ' We now have on hand 50,000 acres < i scrip unprovided fur by entry or > (Mar. 11, 1868; I, 129) sale. Committee devise and report to the Board a plan for putting on the market and selling the lands entered by virtue of the Congressional scrip issued to this University. (Mar. 10, 1869; II, 70) Mr. Goltra and the Treasurer were authorized to locate 25,000 acres, but have not yet been able to do so. It is thought best that this scrip be retained until other lands come into market. (Mar. 9, 1870; III, 92) It will be recollected that we have still on hand scrip for 25,000 acres, to be located or sold. A new effort ought to be made this season to secure the location of this scrip. The progress of the new Pacific Railroads will open some very desirable lands for location. (Mar. 7, 1871; IV, 64) The Committee appointed to locate the balance of our land scrip, report that they have been unable to find suitable locations, as yet, but they are of the opinion that there are government lands now being surveyed in Southern Kansas from which we may, during the coming season, be able to make desirable selections. We would recommend that the Committee, consisting of Messrs. Goltra and Bunn, be reappointed, and that D. A. Brown, of Sangamon, be added thereto. The amount of scrip to be located is 153 pieces or 24,480 acres. We also recommend that said Committee be requested to keep themselves as well informed as may be in regard to our lands already located, and that when, in their opinion, they can be disposed of at not less than five dollars per acre, that they report the same to the Executive Committee in order that steps may be taken to put them in market, if deemed advisable. (Mar. 15, 1871; IV, 107) I [Regent] recommend that we take measures: 2d.—To sell our wild lands as fast as a minimum price of four or five dollars an acre can be realized for them. This will stop taxes and increase income. (Mar. 12, 1872; V, 67) They [Committee] also approve his [Regent's] recommendation in refer*»nrv» tr% t h * c o l * *%f

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opinion, the minimum price should be fixed at $2.50 per acre.

1872

Mr. Goltra made a report of the ordered survey of the University lands, in Gage county, Nebraska. Mr. W. M. Beatty, employed by Mr. Goltrm for the ptirpofe, had gone there last month and his report w u submitted, and read to the Committee, reporting the land as very desirable, country rapidly settling, and giving estimated prices of every section of 2,300 acres located there The report was accepted, and the bill of $111.60 for expenses and services for Mr. W. M. Beatty allowed and ordered to be paid. (Juno 5. 1872; V, 157) Resolved, That the Regent lie requested to advertise the Nebraska and Minnesota lands for sale upon the following terms residue upon terms to suit the purchaser, the dein-red pavn mi to'bd