, 1873-06-25
s6RTHWEsTERN UNIVERSITY.
Interesting Report on the Subject
Of Finance,
p,,o for the Establishment Of a Law
School.

NJ. Ladies' College Taken Under the
Wing of the University.
M. posrd of Trustees Of the Northwestern
r,.;r,r,itv met yesterday morning ut 9 o'clock,
~. ch.na1 of the University, James G. Ham
r+n, The Vice President, in the chair. Tho fol-
,.~i,, members Of the Board were present; :;
r s.mas q. Hamilton, Orrington Lunt, the Rev.
,n;,o ,n1son. william II. Lunt, Abro E. Bishop,
1.h., < Botsford, the Rev. Richard Haney, T.
- 11o.u william, F. Stewart, James B. Bradwoll
9.any FarTeI, George c. Cook, the Rev. H.
,r.rin. the Rev. William II. Hunter, the Rev.
wW Tasbburu, the Rev. s. T. Cooper. Aaron
frood D. D.. the Hon. Grant Goodrich, the Hon.
u.-rsr 2. Hoard, the Rev. Andrew I. Eldred, and
Robert F. Qnesl, Esq.
PRELIMINARY.
On motion Rev. William F. Stewart was ap-
,o;n.sd Assistant Secretary.
1hs Secretary. William Il. 1unt, read the min
~. II the meetings Of the Executive Commit
u. and Ttustees, which were approved with
suos triaing alterations.
Tire President Hamilton stated to the Board
"a. Gov. John Evans, the President OF the
Ba,d. would not bo present, and asked that
.ans gentleman be elected to preside at the in
.ppurssion Of President Charles H. Fowler, and
n rohon Robert F. Queal VAS chosen.
b, Charles q. Fowler reported that George
& &ssay, Esq, Of Chicago, had endowed d
"a. in the University. in honor Of the memory
t lis father, to be called the ALLAN Sissan
Memorial Chair." Tho amount donated Was
t5om.
Prof. Henry 8. Carhart WAS recommended by
hs Faculty IS suitable occupant for the chair.
PRESIDENTS REPORT.
D.. Fowler read his report as President. Eo
retictod that tho incoming Freshman class
roon be the largest in the history Of tie Uni
7sl3. The Preparatory Department was
recommended to the Board for their attention,
bbang in his opinion 3 very important Depart
rsk Of the University The establishment of the
Cdlago Of Technology Was announced, and the
ions necessary for its support. He also read |:
ist1 from the Chicago Medical College. asking
TIT the degree OF Doctor OF Medicine be con-
fs7ed On forty-tHo students.
FINANCIAL STATEMENT.
William H. Lunt, the Agent and Secretary OF
10 N0TLuH8SL6Il Cu4F F6Ib4ttI 1CAQ D uualCAaA
exhibit Of the condition of the institution, which
uaa follows:
raproducdrs property converted since the
h&t annual ueeting: Lott and land in
xessea IN Evanston, with increased va1ua-
aon On leases resppraised- 1oo s59s 81
ret.,. s146, ,eoa.m
1pco.ns tor yesr ending June 10, 1878:
Tuition feuta interest. etc........... $32 6Q4. .09
Expenditure for year ending June TO- 1873 33369.09
Excess Of income. *7s4o1
Tot,l.. ....................-. es7s, $40
I3hNhes. Observation-Disclosures. 60,008.98
ro:.1 productive property. ......... ssls2s44a
pnroductiTo property; real estate en-
8oWndut OBSERVATION-DISCLOSURES 4y,o19V
az.ud to*al............. .ass, $50 II
tin .oeount, interest. and rents. s345o.oo
Estimlse of disbursements for year 1854:
Instruction, Preparatory Department,
tE1ry expense, interest on loans, board- .
1T ............................ ss4,1oo.oo
E.oea ore. disbursements. ............. s4oo.oo
The report, having been through the hands of
tks Auditing Committee, waa approved.
Tbs sans Committee also reported, stating
th1t they had examined the accounts Of the in
tataton for the last twenty yeara, and found NO
dedcts o. discrepancies, and that they recon-
Eand ttat Ill fiscal officers OF the University de-
pit Iunds in some bank subject to the approval
It The Committee,
THE LAW SCHOOL.
The Committee appointed to confer with 3
Committee from tho Chicago University, in re-
Eud 70 the establishment OF Law School, 1e-
Ported Is follows:
1bs Cnivessity Of Chicago, and the Northwestern
su'e.ty, for the purpose Of maintaining Law
haoo the City Of Chicago at their joint and equal
sznsa, md for their mutual benefit, hereby adopt
= tgret To be governed by the following plau: