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Caption: Book - History of Illinois Land Grant Endowment
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3() University of Illinois Auditor Mr. Fraser, Comptroller, to Mr Hrady, State Honorable James J. Hrady, State Auditor of Fublie .-/., omit*. Springfield, Illinois. Attention of Mr. John K. Seagrare. DEAR SIR: I note that your statement of tin- endowment fund of the Urn versity, contained in your letter of Novemln-r 11, l¥|J, tfivef the amount of this fund as $648,322.91, on January M, 191 J. This statement dm* not include a ( remittance of $tfMH) to the State Treasurer on December M, 1 M2. 1 presume, therefore, that the statement was as of January 1, 191.1, rather than as of January 31, 1913. It would seem that a statement of the endowment fund ;i> of January 1, 1914, may be made as follows: Reported January 1, 1913 $618 M2 91 Remitted January 2, 1913 60 00 Remitted 1 >ecemher 13, 1913 60 J » Total $648, 442 91 There are at the present time two land contracts in force. Contract No. 174 is due January 1, 1916. The amount of principal to be paid before that date is $120.00. Contract No. 214 is due January 1, 1915, the amount of principal t<» be paid being $450.00. This would make the total and final amount of the endowment fund of the University $649,012.91 on January 1, 1916. Trusting that this statement agrees with your statement of the endowment fund, and that this letter contains the information you desire, I remain, Very truly yours, GlQftG£ E. FRAZER, Mr. Brady, State Auditor, to Mr. Frazer, Comptroller. Comptroller January 14, 1914. Mr. George E. Frazer, Comptroller, University of Illinois, I rbana, III. DEAR S I R : Replying to your favor of the 13th, 1 beg to advise tha gat ion shows that the previous administration failed to credit the en fund with the sum of $60.00 which was received on January 2, 1913. This amount plus the remittance on December 13, of $60.00. ir endowment fund as you state $648,442.91. Thanking you very much for your information in regard to I assets of the endowment fund, of which 1 have made duo nnt#> in il I am, Yours very truly, JAMES J. BRADY, Auditor of Public Accounts. (Jan. 21, 1914; XXVII, 69*701) 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, has been received amounting to $128.40. (his last payment, like the others, must be turned into th State Treasury, and will baeome part of the endowment fund ol the I niv< i it\ IHii which interest If Mid by the State under th< \. t m 1807
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