Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1823-12-06

year 1924. were its funds liberated Eroul thei
! present ncHmIrsnces. Bnt, these remove q.
spoch to very distant time. The sey.rs. su.
advaDced fiom the Literary Fund, as loans
- hrn the balance of the last shall have beer
| "ceised, will amount Ia ) 1870 600, bearing q
trresent interest Of s 10000. This, with III,
rust of the necessary carr. and pr..s-r, alton
the establishment. will leave, ofih- annual rn-
dowment ofthe University. "a surplus Of be-
tween two and three Thousand dollars only.
with its compound Increase for The rtdrinp-
ton of the principal. Tli- hrius, ms before
mentioned, of 5 10000, will be- sxiinguishe,l
ny the annual payment ola constant sum ol
s $500 AT the end of25 wears, Il term loo dis
iant Tor the education of any person already
horn, or tn be- born, for su'ne time Ia come.
and within that period great rxpens- will be-
incurred IN the mere preservation of the build
ings and appurtenances. These are views
which IT is the duty of the ,isitnrs To present,
aod tn leave To the wisdoM and paternal coz
sideration of the legislature, Ia whose care are
soniidrd the instruction, and other interests
az the present, rs well as Of the future gene
ratons proceeding from us
That Report, with the letter nf the esd ac-
companying il. stated also that the buildings
"f accommodation for the professors aud stu
dents were 80 far paid for. as tina, the arrrar-
ages of subscriptions still due being s 13,3iS
AS would when received, compleat their nav
ment Tn within The sum oil s 1888 1885, While
there were other funds To which present re-
course could he had, it had been deemed r-a-
sonable To indulge the convenience of such
subscribers AS found difficulties in paving their
instruments vigorously AT the periods prescrib-
ed But that these. arrears having then he
come urgently necessary, an active collector
had been employed To settle aud call for them
In ther Tim A..
these arrearag-s, the sum of S 1898 IA he
has obtained bonds, or promises, verbal or
written, for prompt payment, deemed good, to
the amount of l07 033 and as To the
remainder, some of he subscribers have not
yet been called ON, some have removed OUT
OF the State, and some become insol, eni. OF
this remainder, he considers s 932 25 as spe-
rsie and the residue, between s $500 and
| S 500, as desperate, (Which on S IS 1908, the
whole sum subscribed, win be AN ultimate loss
of nearly per cent. This will SD far Increase
the deficit of $3.50 1913 before stated, AS fall
ing short ofpaying for The four rows Of build
! 'ngs, and SD far add 10 the charge on the funds
on hand, or still To accrue. This state nf things
| obliges "A call for peremptory and prompt nav
| ment of these arrearages, which cannot be
| thought unreasonable by the subscribers who
nave besn so far INDUCED already, when it is
considered that these works were engaged on
| The faith oi the sums subscribed, SD far as
their amount; that those who undertook them,
have accordingly executed them and are no "
Justly entitled To the compensation stipulated.
We trust therefore that IN the course of the
ensuing twelve months these arrearages will
be paid up, except such as Intervening crcum-
stances may have rendered desperate
genera! statement of the receipts and ex-
pendltures from all funds and for all purposes.
| from the beginning of the establishments, 10
the LIST of October of the last year, WAS COM
nunicated for The legislature AT their last ses-
sion. Those of the Bursar and Proctor. for
the year ending the Isl day of this present
October, are herewith rendered They have
been duly settled, and tested by their vouch-
ers, by the same accountant, and committee
employed on the former occasion, and will be-
duly submitted by those officers for audit by
the accountant fthe Literary Board
(S,snedl TIL JEFFERSON.
October 9Th, 1898.