E. REPORT OF THE SECRETARY. MADISON, October 1st, 1859. To the Board of Regents of the University of Wisconsin: The Secretary of the Board of Regents respectfully reports, that warrants have been drawn upon the Treasurer of the Board, during the fiscal year ending on the 30th day of September, 1859, as follows, to wit: 1858. To whom issued. What for. Amount. Oct. 2,.. Jas. Campbell, Jan. 10, Jas. Campbell, ... 4 50 26 85 ..do ..do ..do ........ ..do ......... .... ..do ..do.. as steward,.. Estimate on main edifice,. Jan. 10, D. Appleton & Co.,... Book of Engineering, Jan. 11, Estate of W. M.Hough, Math. & drawing instruments,.. Secretary's Report-continued. 1859. To whom issued. What for. Amount. ... Jan. 11, Daniel Read,. Mar. 18, Bliss, Eberhard & Co., Stationery,. Bal. due on books, library,..... 12 92 Ex. meeting Regents of Nor. sch'ls, 10 70 Int. on loan, to State Bank,. 35 00 176 93 2 79 Gas consumed at City Hall,. 4 50 3 00 0 90 Merchandize,. 28 91 Mileage and per diem as Regent,. 12 50 73 34 April 25, W. H. Wyman, agent,....do......do April 25, Fuller, Ethridge & Co. Merchandize,.... May 10,. John N. Jones,. Postage, Bench for recitation room, May 28,. J. A. Ellis, assignee,. Merchandize, July 29, Carl Schurz,. .do.... .do.......do..... 20 00 .do.... .do.. .do.... .do. July 29, M. M. Davis, Aug. 29, S. R. Fox, Aug. 30, S. Dean, agent,. Salary as steward,. Aug. 30, W. H. Wyman, agent,....do........do Sept. 3, J. H. Lathrop,. Sept. 9, Michael Fahay,. Sept. 24, Mathew Newman,. Sept. 24, Peter Omans, Total,... ... Salary, .... Gas consumed, City Hall,. ...do.. ..do... ..do ... ..do .... .... 338 00 270 13 00 2,580 00 39 50 15 50 20 00 6 75 12 00 375 00 250 00 375 00 375 00 437 50 375 00 $26,817 76 The foregoing list of warrants, issued during the last fiscal year, may be appropriately classified and charged to the following sources, to wit: In accordance with a resolution adopted by the Board of Regents, at a meeting held in July, 1858, the following warrants, payable eight months after date, and bearing interest at the rate of ten per cent. per annum, have been drawn upon the Treasurer of the Board, on the credit of the building fund, to aid in the erection of the main edifice (now University Chapter 25, of the General Laws of 1857, authorizes the Board of Regents to borrow from the principal of the University fund, a sum not exceeding $40,000, for the purpose of erecting the main edifice of the State University, and as but quite a small portion of this sum has as yet been derived, said warrants have been issued in anticipation of a sufficient amount of the principal of the fund now due, and to become due in 1860, The condition of the University fund on the 30th day of September, 1859, as appears from the annual report of the Secretary of State, was as follows: The productive principal above exhibited, is drawing interest at the rate of seven per cent. per annum, which interest constitutes THE UNIVERSITY FUND INCOME. This income is annually applied towards defraying the expenses of the University. The amount above designated as productive is..................$300,725 22 The interest upon which sum, at seven per cent. per annum, amounts to ... Add income in State Treasury, September 30th, 1859,. Total,...... $21,050 76 501 04 $21,551 80 This amount is subject to be drawn by the Treasurer of the University during the current fiscal year. The productive portion of the University fund, is subject, however, to constant fluctuation, and the income receivable for the year 1860, may be somewhat less than shown by the foregoing figures. The report of the Treasurer will exhibit, in detail, a statement of the moneys received and disbursed by him during the last fiscal year, from which it will appear that on the 30th ult., there was a balance of $5,064.31 belonging to the University. Very respectfully, J. D. RUGGLES, Sec'y of Board of Regents. |