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.