New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-04-22

For salaries. Observation-Disclosures 2l55
Total. s76oe5 q
Deducrng the accounts due the University said to
be good-ssl7 Sc and Sl.400-less outstanding bills,
would show the debt 81 500 less or about $4,000.
The endowment Of the Profesorship of the Evidences
of Revealed Religion s secured 10 the OF the Pro
iessorshp and TO the donors In case OF failure to ,u'
tain the same by fourth mortgage the University
property executed to J. Tsllmsdge and ohrs trustees
amount $4,000.
The Committee will simply remark in reference TO
discrepancies in the several Returns TO the Regents
referred by the President touching the amount OF the
Indebtedness of the University that in recent Report
of the Finance Committee and Treasurer which ep-
pears In the Minutes OF the Council under date Dec H.
1s45 this subject is fully explained and they crave
ference 10 the same.
The items Of Salaries" are correctly stated
With respect 10 the large amount represented by the
President paid 10 the Chancellor, the Committee
would observe that the salary fixed by Resolution
Of the Council al the time OF his election TO the once
March L. 1899.
Resolrsd, That the salary Of Mr. Frelinghuysen the
Chancellor, from hs Of entering upon he duties Of
Minutes vol 4, p 90.
The Committee have always understood that this sals
~ voted the recommendation of the Committee,
of which the President Chairman appointed 10 con-
fer with Mr. Frelnghuysen and reported as the re-
suit of their arrangement with him. This was al the
period Of the grestes depression in the finances Of the
Institution and the salary has never been altered The
Chancellor was expected in addition 10 his duties as
Chancellor 10 take part with the other members OF the
Faculty 10 nstructing csss-whch service has been
I performed.
An examination of the Returns" made by the va
rous colleges of the State to the Regents will show that
il is not usual 10 report houses or their estimated Vsue
as part of the salary Of Professors or other etceTs
There are several such houses for the Of the Pres
dent and Professors in Columbia Collegealso IN Union
College but they are not mentioned in the Returns
A. 10 the Diploma Fees the Committee have examined
through all the Regents Reports 10 whieh they could
tain access and do hud that they are ever reported
They have always been considered asa Perqu're Of
Office 10 the Head Of the Institution in this University
and the Committee believe generally 50 considered
in all the literary colleges OF the country
The receipt of the Diploma Fees from the Graduates
Chancellor appears have been specially sanctioned oy
the Council In the plan OF organization oil TINS ne
partment Jan. a. lsil, the Council adopted Tie iol
I'll" F.ch Graduate shall pay the Treasury Of the Uni
yersy ssoot which 'hs be given to hs s Ss
only sx required by the Council from The students or "a
cul,y."-Minutss' vos page les.
on the 18th July, 1871,
"The following letter presented, and read, from the
Chancellor Of the University which motion, order
ed TO be The minutes, with the thanks Of he
To tt Co~neil eftse Jniversly oftt Guy cfNeH York
'GEsrLENEs-ln the arrangements win The heeiea
Graduates was fixed al SO As the visual Graduate fee Of
University S. hereby relpsuish The scc hye
form '' fya istPSSas' fRELINGHuYsEN,
Minutes, roL page lell Chancellor
The house and the Diploma fees are In the opinion Of
the Committee considerably overesumsted by the Pre-.
sdent They OF opinion that the Diploma ices 10,
this year will not be more than last yesr Iney "ouu
estimate the house at not TO exceed $50 Inc othef
dwelling house in Wavery place, same size and arrange
meut has Melted much as $3.50 FOR the last eight
years. - ~
ed in the Medical Fscus Report as paid to the Coun
ell and the amount stated in the Return as received
by the Treasurer OF the University u correctly
ed BY the President. The Chancellor. dipions Ices
were included in the one and omitted In the other The
fact Ia the IS Diploma Fee from each Graduate was
paid over direct to the Chancellor and did not pass
through the hands OF the Treasurer
The apparent discrepancy between the sum reporVeu
by the Treasurer IS psd for interest and the amount
mentioned in the Return also admits OF an easy eh
plansiion The account Of the Treasurer shows inAt
s5Is0 mia on Tie debt Of ara 600" 500 Of this sum
called interest by the Treasurer Is the salary OF the PRO
lessor of the Evidences II paid 10 him |" saiAy Il
the University should fail 10 teseh tnis o'snen % ~
sructiop il would then become their duty 10 pay me
interest on the amount Of the Foundation $500 ~
stated BY the Treasurer 20 have been pad Tor
on Bank accommodation OF this sum, only siSO Nas
for the yesr ending let October last s2a ~ was Tor
dscounts AZ the Leather Manufacturers Bank Tor pre-
vious years which bad not been settled These items
Of interest and discount therefore. have no sPee Ee
ference 10 the Debt Of the University.
In the calculations OF the President about the 'uuOn
fees IL assumed all the paying students reported
are full course studsnu-thst they all renamed the &c
tire yesrsDd all the seeruins lees are collected 10 .n
during the year The omission Of these Important f ms
In the calculations Of course gives erroneous results
The Committee have investigated the accounts OF lees
for the three years included in the Presidents eaeas
ucus, and ascertain that
In the year ending July l. lSs3 there were 20 Psrns
course and part year students. Tuition lees "a 10
instead OF 5000 II they bad been full course students
IN The year ending July l. ls44, there were p puuA
instead OF 2Ooo
Ia the year ending July l, is45 he present return
there were ~ partial course and part year students
Tuition fees tlO7 Is. instead Of 81 $50
And at the close OF each year there portion
Of the fees not yet collected While on the subject OF
uncollected fees the Committee would remark that this
Is usual thing In College finances For Instance. The
students bills at Union College, with say go studepts
amount altogether including rent tuition and in
cideu,sls 10 about 5000 annually, Of which usually
A. 900 is uncoeeted 81 the end OF the year And this
amount Of uncoected bills does not include the charity
students.
In order TO avoid any rnsconeepon from the language
of the President the Committee beg leave TO say that
no portion Of the paid by the State Tor the use OF
the Medical Department was paid osek 70 Ine .a'eI
last wear There Is no connection between the grant
from the State and the graduation ices Paid oy the STU
dents 10 the University The grsdusnon ices "sle N
hs sss w.v paid over 10 the University before the an
nusl appropriation BY the bounty OF tns Sss ..s ne