MNUAftTES OF THE BOARD OF TRUSTEES



majority and enables them to eliminate the disorderly minority from the institution,

unless they reform their conduct so as to conform to the zules and laws of the

University.

     As I reported to you in Tune, the financial condition of the institution is far

from satisfactory. Our indebtedness in round numbers is :88,000. Of this 450,000.

was inherited from the preceding administration, $13,121.23 was incurred in the term

of 1910-11, and $21,000. (estimated) will accrue during the school year 1911-12. That

we exceed our income during this year is due to the very large increase in the number

of our students, for the reason that we have been forced to purchase a large amount of

new equipment and to largely increase the number and efficiency of our teaching force.

Our income is not equal to our needs and it goes without saying that we must apply to

the General Assembly at its approaching session for adequate financial relief. I shall

not enter into more minute details of the financial condition; the statement of the

business agent will show it in detail.

     In conclusion, I take pleasure in saying that, except as to its finances, the

institution was never in a better shape than now. The student body as a whole is of

an exceptionally high character, and I believe the university spirit was never higher

in either the faculty or the student body.  I have no doubt that if the Legislature

furnishes us with an income sufficient to carry forward the work as it should be done,

in a few years this institution can be placed in the very front rank of State Univer-

sities.

                                       Very respectfully,

                                          (Signed) Henry S. Barker
                                                          President.

     Motion made, seconded and unanimously carried that the President's report

be referred to the proper conmnittee when appointed.




     The minutes of the June meeting of the Board of Trustees were read by the Secretary,

which upon motion made and duly seconded, were approved.



December 12, 1911