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102 > Image 102 of Catalogue of the Officers and Students of Kentucky University, Volume 1 (1868-1869)

Part of University of Kentucky course catalogs, 1865-

r 100 A1>PEND1x. It will be seen from this statement that in the last thirteen years, by gathering up the wreck of Bacon College and 'I`ran sylvania University, and accepting the Agricultural College, and by the toilsome, unpleasant work of begging from persons all over Kentucky, I have accumulated over $600,000 worth . of stocks and notes, which, with the real estate, libraries, apparatus, etc., make the aggregate assets of the University, = at a fair estimate, worth $750,000. The work of raising, col- lecting, and disbursing these funds, and their increase, and _ running the whole financial machinery of the Institution during all the dark and troublesome times of the last ten years, has not cost the Board one dollar, except for a few attorneys fees and postagestamps. Nb szz/ezrics have been paid for this work. Nor has the Board in all that time been asked to give a bond or borrow a dollar to support the credit 0f the Treasurer, while he has been struggling to meet all the 1 obligations of the Institution which have been pressing so heavily upon him. V I take pleasure in stating also, that while many colleges and other corporations in the country have lost heavily from insolvencies and other causes during the great convulsions of the last few years, not a dollar of these sacred funds which have ever come into my hands has been lost, but that the whole of it can be turned over at any time in good solvent stocks and securities. The income arising from the vested funds has been faithfully applied in meeting the general expenses of the Institution, and has been so far commensurate with its growth I i and present prosperous condition. It is confidently believed l that by comparison with the expenses of other Institutions ` having anything like the same number of professors and ti students, it will be found that the financial economy of this l Institution has been rigid, if not unparalleled; yet it has been il demanded by a strict regard to its credit and reputation. _ I can not close this report without expressing my regret ~ that I have been unable during the past year to be in the field for the purpose of increasing the funds of the Institution. It I