The star. (Cincinnati [Ohio]) 1874-1875, 1875-02-13
f4RDUE UNIVERSIT F-PROFITO OF
FAfMxNG-THE COLLEGE LAND
CUINIlYE

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fARD UE UNIYERSITF-PRO o.
| FAfMING-THE COLLEGE Ian
SWINDLE. ....
! We find some interesting items in til
annual report of Pardue University, tn
agricultural college OF Indiana situate
mile from Lafayette. 1t was opened fc
students last September. About $l4O,O(
nave been expended in buildings will
out yet striking blow at the main ed
flee. Its funds comprise $2l2, ,23s SO rt
allied on land scrip ior $4,000 acres
which has amounted, during the pas
seven years at interest, to $3.50, 6,502 9a;
donation from Mr.. Pardue of $3.50, ,0O(
which named the institution; q donation
from Tippecanoe county OF $4,000; an,
legislative appropriation OF 100000
making a total of s66G,502 92. The citi
zens Immediately around the Location
devoted 100 acres Of good land--the lant
in that region is all of the first quality
To this has been added tract of S01
acres purchased out of the college fun,
for $26,5OO. The amount received from
the land scrip is held as an endowmen
fund. The Legislature of the State j!
asked to appropriate $l00, 200 for an EN-
gineering building and equipments; fol
physical, mechanical, chemical and en-
gineeriny apparatus, $4,000; for Ii
Drary, cabinets and museum, SIS, 900; fol
botanical conservatory and garden o.
plants, $4,000; for farmhouse and barn
$4,000; and for stock. utensils, &C..
$4,000.
The building already erected comprises
Boarding House, $37,so7; Laboratory
$4,000; Dermitory, s32 900; Military Hall
ana Gymnasium, 8,4l0; Boiler and Gas
House, $4,si4: barn and shed, $500;
work shops, $1,000; dwelling and barn,
$500. The extensive geological and
cabinet of Richard Dale
Owen has been purchased.
The faculty comprise a. G. Shortridge,
President; j. L. Hougham, Professor of
Physics and Industrial Mechanics; W.
Is. Morgan, Mathematics anu Engineer.
ing; John Hussey, Botany and Horticul-
ture; A. w. Wiley, Chemistry; Eli f.
Brown, English Literature and Drawing.
The salaries are $4,000 for the President
and $1,000 for each Professor, except Mr..
Brown, who is paid $1,000. Other chairs
which are to be assigned are in the mean
line distributed among the five Pro-
'essors.
The site of the University is one of the
most delightful in the world. On one
land the Wea plains extend for ten miles
II more away; while on the other hand
he city of Lafayette is in full view, and
lose by flows the Wabash. The site is |
n an elevated plateau, and the scenery
5 highly picturesque.
The farming operations Of the Univer-
ity during the past year were success.
ul. The total expense of cultivation,
eed, &C., was 1868 II, and the products
mounted to 81, ,4l0 go, leaving profit Of
759 SO. We can not judge very accu.
ately of the wisdom of the management,
ecause farming can not very easily fail
1 that country. We suppose, of course,
nat the culture was not as economical
8 it would have been had the owner or
enter personally led off in all its labors.
.mong the productions were fifty tons
hay worth 5000, the harvesting OF !
'hich cost $l75; 500 bushels of corn
100, and cost $3.50; 474 bushels of oats
Iorth $1s2, and cost $l26, including seed;
nd so on.
The capitalin the land Is about 100000,
the 100 acres donated at the
ate paid for the $50 acres purchased.
he farm house and barn on which they
SIX an appropriation, $4,000. Teams
nd implements would cost about $1,000
,akinga total in that farm OF $71 900.
he amount Of profit from last. years
ulture affords slightly over one per cent. |
f this investment. This is not, however,
ute fair, because, being SO near to a
ity, the land cost three times as much
8 it is worth for ordinary agriculture.
falling the farm $20,0O0-a fair price for
and five miles away-the buildings
1000, and the teams and tools $1,000, we |
ave $685. 900 as the Investment for agri-
ultural purposes. The profits of last |
ear would afford about 8 per cent. OF
he capital employed. An intelligent
wner of such farm might clear per
ent. The very best agricultural lands
the country, favorably situated for
larket, rarely net more than 5per cent.
ven under the ablest management; and
,at, too, by counting the owners labor
nd superintendency at ordinary farm
ages.
The profit on the capital is not often
lore than skillful manager W ould want
l salary. This teaches that it.is not
ccording to the laws of nature that hon.
st service in this world shall be remu-
Grated with the means of luxury, and
II who accumulate much wealth get it
the expense of other peoples work
nd the other people have been reduced
, the necessity Of enriching the few by
which yet hangs crushing
urden over half the people Of this Repub-
can nation.