xt7sxk84nj8k_160 https://exploreuk.uky.edu/dips/xt7sxk84nj8k/data/mets.xml https://exploreuk.uky.edu/dips/xt7sxk84nj8k/data/L2021ua019.dao.xml Kentucky University 18.26 Cubic Feet 32 document boxes, 5 flat boxes, 21 bound volumes archival material L2021ua019 English University of Kentucky Property rights reside with Transylvania University.  The University of Kentucky holds the copyright for materials created in the course of business by University of Kentucky employees. Copyright for all other materials has not been assigned to the University of Kentucky.  For information about permission to reproduce or publish, please contact the Special Collections Research Center.  Contact the Special Collections Research Center for information regarding rights and use of this collection. Transylvania University Library. Record Group 5:  Collection on Kentucky University Address to the friends of Kentucky University, a statement of its present condition text Address to the friends of Kentucky University, a statement of its present condition 2024 https://exploreuk.uky.edu/dips/xt7sxk84nj8k/data/L2021ua019/Box_5_27/Folder_26/Multipage6234.pdf 1880 July 1 1880 1880 July 1 section false xt7sxk84nj8k_160 xt7sxk84nj8k To the Friends of Kentucky University.

It is with unfeigned pleasure that the Executive Committee
of the Board of Curators of Kentucky University makes to the
f1iends of the Institution, and to the geneial public, the followin 2;
statement of its piesent condition. _

After long and unwearied labor, to free the University from
serious and embarrassing complications growing out of the con-
flicts of the past, we are glad to say that for years we have not

been so hopeful of making the Institution such as to meet the in-
tentions of its founders and the patronage of an enlightened and
gene1ous people.

We are happy to say that beyond our most sanguine expec-
tations We have been able to bring our finances into a satisfactory
condition. As a basis of financial strength, we have an estate
known as WOodlands and Ashland, adjoining this cityfi worth
say, ninety thousand dollars; a College Campus in the heart of
the city, with buildings, library, laboratory, museum, apparatus,
etc., worth as much more, and stocks, bonds, and cash invested
and ready to be invested, amounting to about one hundred and
twenty thousand dollars.

Besides this, there-are certain franchises, choses in action and
in possession, etc., of considerable value, but which it is almost
impossible to estimate in cash. In addition, we may state that
the College of the Bible, now in close and satisfactory relations
With us, has the beginning of an endme'ent lately contributed
of about three thousand dollars, and a fund of about the same

amount COnstantly receiving additions for the suppott of} its pro-
fess01s.

 

  

i Upon the whole, the financial condition of the University,
though not whatwe could desire, is far better than we had rea-
son to anticipate; 'and, under the wise and economical manage-
ment of the present Board of Curators, ”a bright future has dawn-
ed upon the institution. s

It is the unalterable determination of the Board that the ex-
‘ penses of the University shall in no case exceed the income, leav-
ing a margin to cover all contingencies likely to happen. We
have a large and experienced Faculty now in our service, and by
concessions on their part we have been able to enter upon this;..
policy, and to it we are determined to adhere. Olur present clear
income, with the small one in the College of the Bible, is a little
over $12,000. This we have abundant reason to think will soon
be increased, but till then we can, through the praiseworthy gen-
erosity of our professors, offer educational facilities in Kentucky
University rarely equalled in the South or West.

Honesty and candor are to rule in all our efi'orts to restore the
Institution to its former efiiciency, and with the intention to keep
its affairs open to the inspection of all its friends, we hope to
make it worthy the confidence and support of the public.

The only debt worthy of mention now resting on the Uni-
versity is one of $30,000, secured by mortgage on the real estate;
this burden we expect soon to diminish, and by disposing of all
property not needed for the legitimate ends of the University, we
hope to be able in a few years to restore a considerable portion
of our former endowment. We know this will send a thrill of
joy into the hearts of thousands. Those now controlling the
University desire to be judged by their own acts in the present
and past; and in order to aid men everywhere to inform an intel-
ligent judgment, they intend to keep what they do open to the
inspection of all; A '

By drawing still closer together the University and the College
of the Bible, by the acceptance of the newly elected professors,
and by the improved condition of our finances, we are enabled to
present, in our forthcoming icatalogue, a,Faculty of nine mem-
bers, all daily and actually employed in giving instruction. This
is independent of those teacliillg in the Commercial College and
in the Law School, and of those to be employed to give instruc-
tion in special classes. We need not here anticipate the catalogue,
but we can not omit to mention the names of the newly
’ elected president, C. L. Loos, for twenty-five years a Professor
in Bethany College; H.H. White, connected with this Institution

‘3 , a

 

 and its predecessor, Bacon College, from the beginning, over
forty years ago; and A. R. Milligan, twenty years in the College
of Arts as student and professor. These, aided by such men
as Graham, McGarvey and Grubbs of the College of the Bible,
2111 men of mature life, broad culture and large experience, and
all of them enthusiastically :devoted to their work, will, we are

. confident, make an institution of which all lovers of higher edu—
cation may well be proud. .

These men, and those associated with them in the other de
partments of instruction and government, are a unit in purpose
and feeling, and are ,fully determined to build up a University in
reality as well as in maple/one conducted on Christian principles,
but free from everything narrOw 0r sectional in religion or poli-
tics. This we know it will require time‘and patience to accom-
plish, but we have the will, the men, and the means, and with the
blessing of Heaven it can and will be done. Those seeking thor-
ough culture in the Classics and Sciences have the College of Arts;
candidates for the ministry can. enter the College of the Bible;
While the College of Law and the Commercial College afford the
usual facilities to those seekingto prepare themselves for the legal
profession in the one, and for business pursuits in the other.

By the cordial co—operation of the various Colleges and
parts :of the University, the interchange of classes, and the in-
creased facilities for boarding, we are enabled to give to all who
come hither instruction at minimum cost. The fees in the Col-
lege of Arts have been reduced; in the College of the Bible they
are merely nominal; and in all, reasonable.

The Blythe mansiOn having been set apart for a club-house
for the College of Arts, we can urge young men of slender means
to attend here, assured as we are, that not in the whole country
is thorough”~education, with comfortable and pleasant surround-
ings, offered young men at less cost. .

We congratulate the friendsbf the University on'the happy
termination of all 'the trouble growing out of the settlement of “
its [relations to the Church and to the State. It has now entered
upon a new lease of life and prospeiity. With its Board of Cl:-
rators now in perfect“ accord; its Faculties of instruction large,
able and earnest; its finances in a sound condition; its additional
facilities for cheap boarding; the gemarkable and well-known”
healthfulness of Lexington; the prospect of a large increase m
in the attendance of students; and above all with the assurance
that the favor of God will resthupon us in our efforts to real-

v

E.
5 ,

 

 we the ideas that controlled the original founders of Kentucky
University, we hopefully appeal to our brethren, to the friends of
sound Christian education, and to the community generally, to
second our resolution to make this institution a blessing to our
country and to the world.

The catalogue giving full information and details will be
ready for distribution in about two weeks. Persons desiring
copies, or any information respecting the University, can apply to
H. H. WHITE or to ROBERT GRAHAM, Lexington, Ky.

THE EXECUTIVE COMMITTEE OF KY. UNIVERSITY.
LEXINGTON, KY., July I, 1880.
[PLEASE To CIRCULATE.]