, 1874-01-06

~ AH@~@A ~A 49, AN--
So III back the autumn Of 1871, Immediately after
the great fire, gome Of you who wGho present At m
informal meeting Of Trustees, held for consultation
respecting the interests Of the University, will rernem-
ber that sent to that neetlng my unqualified resig-
time there wus ground to hol,s that The effort
to discharge the heavy debt IN which ths Trus,
on = the Compilation Of Douelus Hal, in October,
1866, near q successful termination, and that
could be relieved from the double sork Of internal I'd
ninisr1lnn and Of assisting to provide for financial
wauts and allowed to devote 1nysalf to my rrorer du.
tes by the great disaster which then suddenly bad
WON lie University most relied, it had become claar
that large att Of what had BEEN doue to rroslde foE
our debts must be done over ngtin and 1t feened 10
me disastrous TO hs University that the care Of its in
terests institution Of leIrning-a work alone
enough for tho undivided strength Of the best po~trs
upon one wLo was expected ut the time pro
vida for s PRESSING financial waits. While a admit
ted the force OF this view Of our condition. the remedy
sought III other means hun my reaignation, and
for the l.ast two ye+tS, while daclaTging as lest
could my duties ns President, have done what
srt the Rev c. Button reair the Losses Of the fire.
and to extrtcate the Uuverejry from Its debts with
wAat results SOU know. With the proceeds OF the snd
enterprise aud subscriptions and tledges secured IN
aM making amount eoNul 70 our funded debt, Tiers
good respect that the University might eterBe
from Its ebts and Lare fair rospec. Of endow-
the country is passing added another to tile 1ny r.
which 10 Its ea1y years ou: eaterprss has SUI
8-AN~ ~4~N-~
TO avert financial disaster.
1s far from my design to infer ressona for dseour-
he to
supply motive to laboz aud hope and faith in utlate
success. What It has achieved in tho past
enough considering that It has BEEN gained!
ugairst nati-nal convulaiona and unpar 4lloled
m to our s; 70 Rs ,loys s
liabilities well nigh million Of dollars; its Iesress
POSITION linking i to the progress and fame Ct our
ro-ore1ation OF al who would wolk III the cause Of
education the generous favor which has been shown
to 1t By the people of Ccgo aEd the Northwest; It's
Alumni, body Of educated young men, not large, hut
already commanding wealth and influence, aud reLdy
to themselves the true fends and gua1 dams Of
their University and. not euE, the gene, GUS devo-
ton Of its fouudera and e.1y friends men whore 10y
atty to it has not cred tn years Of trial who hare
gwen to 1t their money, their experience men Of
business, and their paeut toll and who e cling to
It with unfntling fultlfplness In these nr1ony many
othezr the University bus the best guarantee Of future
progress and succetE.
Bat this end nohtng short Of wise, far-reaching
plans and the unsuel liberassty & its friends viii
avail To carry forward the University abreust With
the progress which everywhere mhEks the educational
enterprises Of the country, nothing less than ha1f
tails would DO hera out Of place Enough say what
the Trustees well know, that debts must be paid. that
endownea must be increased, aud that, above al ex
1nIde for departments Ct SCIENCE applied to the de-
velopmcnt Of the industries almost infinite in variety
aud magnitude which centre AeTe tne 1nstluuon ls
to retatn any pretensona to be real nn1Sersy eoea
this city and tht Northwest demand aud will have.
I'LL, s, hsh - +ins f. saa,sd irsvitahl. md
from which prospect Of reiief while hold
ing my present position. feel compelled to aak the
1x9stees 70 aeceLt ny ressna.9u. -. . aac r;ar.i.
can be committed to other hands.
In parting with the Trustees II the relation Which
have sustained to them fo1 the lust a1tsen % seate a.
low me 20 eSl Eess my e1tiua s!s ~ 49,
and uniform ktndness Nor can to1cear 70 ; remeu-
lef mere onela. essoc'atea WIN Us ~ suo uteihg t
T.. s ths Ill.,. r. o a1 and nona to ther re-
ward oougas %ho, as tne q. ue oassad
sy and The arst President Of ths never ceased
der its shadow William jones, the pillar Of The enter
prise in times when nothing less tban ms escdls ana
munihcence coad have saved It and N3KtI, an1
Woodworth and Smith, mud Clnrk, and Joslyn, and
Hoe all good and noble men, and entitled to grateful
remembrances az men who toiled the foundations,
an sna ua - "ae - - nrsrra rou IT. ch.noo NJ
ono" ~ henI.neu' W A9S". -. - sAs s.as 10 H.,
my felatlole vi" III no 6onse leste4 NY 'a'eet ~ W.
~ A'' F"'lD'' w n u.,ana!,o,,o
%ay 1or l18 aa'allceiatul' - " ooA@ooooa'
1hh ALeoLolaoss' .,!.s Ill., .o,,on..
and recommended their adoption:
pressed by Dr. burroughs i his letter Of roegnatlon
herewith submitted that tho labors md duties Of
Presldent ol tne oYefsy ~ o.asU dnu .ms
ana duues 81 tne euaea VI ag ~ 10 ~,
are TOO great anu 700 ~ 20 f! ~
one and Tue same Fe1sons however eoapcen"s tneA7~
fore,
esalred That his resignation Of the ONCE OF Pfes1
dent be, and the same IT, hereby accepted.
Kesolred, That an amendment Of tho charter be on-
tanned as practicable to authorize ts Boafo 10
eieet ex,EITsuent b oas .ud 1,,.;as a.
tha n. n noa.i sn shau res,ribe
I;exolred Thai in thus accepting the resignation Of
the President, the Board races upon record anew US
high appreciation CT his lcng-contnue0 and sei-as-
n,ng service, and thai aes!roais OF sil asalng lse
Of his e1Eertence aud OF hla thorougn aeqnn!au@ee @
with the original plans and the present heeus o. the
institution, the Board makes the 1eques, taa. ~.
Burroughs will accept the othce Of Chsncelor o. ne
University, and continue 10 a1d IN tne "9Ik ot ae
yelong s resources and mS hr a
facilities to tue nigh sfanda1o contenptA1eo " 40
founders and demauded ~ 1ts Foeluon.
hesolrtd, That committee oe a2polnsea 70 IsaAe
immediate temporary DIVISION tor the department ~
instruction and administration IN tue University, 70
far connected with the Presidents char reporting
their action herein to the Executive COMMITTEE OF ms
Board for approval and also to prosecute inquiry aud
correspondence with view to q permanent incun'-
bcncy OF the same.
Eesolred That committee be sto appointed to con-
fer with DR.. burroughs IN regard 70 '4e ore pe1m
nent form OF his new relations 20 ne n
flal find 1t practicable 70 conPly WIN VIC lequ1t "a
the Board here made, reporting &ne1r acdoL LII LILA.