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6 ANNUAL CATALOGUE.
University, and are saeredly held and to be applied by a Board of l
Curators appointed under the charter, in perpetuity, for the benefit of lg
science, literature, and religion, and subject to all the trusts and obli-  
gations imposed by the benefactors. l _
Under this general view there are three interests: l
4
THE KENTUCKY UNIVERSITY INTEREST. I V,
This was secured by Mr. Bowman while the institution was located  
at Harrodsburg, and amounts to $200,000, including about $9,000  
from the wreck of Bacon College. `
THE TRANSYLVANIA UNIVERSITY INTEREST.
On the destruction of the Kentucky University buildings at Har-
rodsburg, Ky., by fire, in 1864, negotiations were opened by Mr.
Bowman with the trustees of the Transylvania University at Lexing— I
ton for a union of their interests with those of Kentucky University.
The assets of Transylvania were college buildings, real estate, museums,
and library, worth $[00,000, beside cash investments and accrued ` I
dividends amounting to about $70,000. The negotiations resulted in _
a union of the two interests under the common designation of Ken-
tucky University, the seat of the combined institutions to he hence-
forward at Lexington. Transylvania University, endowed by Virginia,
by the state of Kentucky, by the city of Lexington, and by private
donations, retains all her immunities, franchises, and trusts under the
consolidation.
THE NATIONAL AND STATE INTEREST.
lly the congressional act of 1862, donating land for the endowment _ 4
of Agricultural and Meclianical Colleges, 330,000 acres were allotted
to Kentucky. Simultaneously with the negotiations for combining the
Kentucky University with Transylvania, Mr. Bowman made overtures I
to the state to engraft upon the united interest the State Agricultural
and Ne¤·hanit·al College. The same legislature which passed the act
of <·onsolidation in regard to the old Kentucky University and Tran-
sylvania in 1865, also passed an act establishing the State Agricultural
and Meclianical (Tollege as one of the colleges of Kentucky University.
liy this act the proceeds of the congressional fund, amounting to
$9.900 annually, are given to the University for the exclusive support
of the Agricultural College. Its faculty is wholly andenoininatioiial.