The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1878-12-25
SNTI-RD
December II, 1873.

December II, 1873.
The Board met pursuant to adjournment.
Present.. VI. Stone. President; W. b
Mo ltgomery. Chas. l.. Gjimer, t. G. Dock
cry. ". Il. Augustus, l.. Il. Brown. ID. l..
PhaHJs aud Flank BurkitT, mem bers.
Ab,eut-A N Wet aud j. NJ. Causey.
o.. motion. the bids submitted by WesI
Point aub Meridian. with all the papers
connected herewith, were permitted TO be
Withdrawn nom the hands OF the Secretary.
The committee appoI uted To Investigate
thr status of the funds belonging to the
aa4 II CIlrge. submitted their report
UU.h brluT read, discussed and amended,
was finally adopted by uuanim us vote
The following Is the report AS adopted:
MIR PKEsIDENT-G our Committee to
wAUW wa. assigned the duty of
e.rtaIniug the exact status of the Ayr cul-
tIrtl and Mechanical College funds, bcgS
ir.ye 90 report: That he records in the
Treasurer uuiec show no dimunition in
,he luuu arising FROM the sale of the Agri-
cultural La4nd scrip. bur on the contrary
500 increase. The scrip represented 2U7,-
gZJ acres of pUoii" land. which wa, sold bN
Gov. AicoTu tor 80 cts per acre, realizing in
currency SlSS 9lS. This amount was after
wards invest. a, by GOV. Powers, in 1872,
200 = trr bonds br airing 5 per, cent interest,
and M uriug b. Neen January LIST, 1874 and
JHguaIy Is, Isl. thereby Iucrras.n NJ tn
fun .o S2lS 80 The bonds which ma
jure1 I'm lSt4, Wer" ca~hed by the Treasurer
AMI ia. m.ue. rrIuveSteh by GOV. Z 'wefs
IN Nrate warrant afterwards CONVEX erin-
10 state 5ouri~-addWg $4,000 more to the
fund The land scrip tUuu was, there orr,
increased 20 S227 80. which = now in the
Safe Irea-u y represented nv 20 year
b1Hia, running from 1876 to 1896, and bear
Mg p.r ceut. lutte est per aaHum. THIS
fund bt lhe terms OF the Act of Feb. IS 1873,
j. equal, divided between \ IcoTn UnIVer-
sty aud Tia" A. Il VI College. thus giving
tu our Institution Sll3,575. The interest on
hrentjre uua (S22T.l5 has b. Ell regularly
drawn by the T Justices OF Oxford ami Aicorff
Ju'vHr-IJi up TO JaHuIY /. 1873. The in
trrr>t which JcrrUe> t. the \. Il NJ. College
For The wear 1873, winch may be drawn
January LIT, 1879. mounts Co $5,67S 20.
u appears iTo.u the message OF Gov. r.
C. Powers Jo the Legislature of 1874 that
t'e sum oi $4,000 was appropriated our OF
l.e State Ire sury TO purchase Oak land
college. a. a size Tor the Alcorn University,
and oar mV">tlSar satisfies us thar said
sum- pr any part thereof. was not paid out
OF the principal arising from the sale at the
Agricultural Land Scrip.
by The terms ot the Act of Congress
Donating the land >c-ip, ten per cent. OF the
lFllcIial ct the tuud arising from the sale
OF said scrip, may he legally expended in
lhe purchase of lands Tor the loca ion OF an
A and NJ. College. But this fund being
no" represented by the 20 years per cent
e'HdN before mentioned, aud the Treasurer
an Acs Of the Legislature aut hoTiZing such
acjIoh on his part, our committee are OF
nllnlou that IL viii be totally impractica-
Ole To use said ten per cent. in the
purchase OF Lands for a site for the A. and
NJ COLLEGE
See, IA of the Act of February IS 1873,
provides: That in order to establish
financial equality in all respects between
me Colleges TAicorn and the n. and NJ
lHe-el herein provided for, sum equal 20
me amount heretofore appropriated 10 the
Acorn University out of the principal
arising from the sale of said land scrip,
is hereby appropriated to the College pro-
Elded tor in section , of this Act, and the
trustees thereof shall be authorized TO use
We same IN carry lag out the provisions OF
TINS Act Tor the benefit of said College not
Inconsistent with the Act or Acts of Con-
gFe>S Donating the same"
II Is evident Ia your committee from the
ah9uage OF re above section, that the Leg
lslature labored under the misrepresentation
tHht portion oI the fund used in the pur-
chase OF Alcorn University was drawn
from the land scrip fund, and that the intent
81 sald Sertlon was to set apart like sum
10 o. used by this b lard in the purchase OF
d site tor the a. and NJ. College. But a
uhe appropriation made to Alcorn, came
directly out OF the ) ate Treasury and not
from the land scrip fund, the plain intent
o. The Legislature as set forth in said sec
uou ii, cannot be carried out.
Ia view OF all these facts. your committee
are II the opinion that il is impossible to
perfect the establishment OF the College. as
contemplated in the Act of February IS
1878, without further legislation. and re-
commend that no further action be taken al
Ihls time, other than the performance OF
Tue duties assigned the cOmmirtee com posed
oil Me>srs Phsres, Brown and BurkitL here
totore appointed.
Respectfully submitted,
l.. B. BROWN,
w b. AUGUSTUS,
FRANK BUkKITT. Com
On motion, Mr.. Montgomery was appoint.
eu committee OF one To receive the sub
Serlptions TO the College and forward tie
same to the Treasurer.
On motion the account of the Secretary
ior 50 30 was Above payable out OF any
Juno belonging to the A. Il M. College.
ordered by the Board, that the amount
OF seventy two and 75-l00. dollars be appro
pirate 10 paw the expenses of mem bers Of
ms ms Board during the present Sc ssion, al
Gilmer, $1,000, Brown. 81 %, Augustus
900, Montgomery, So 60. Causey, $4-75
fhares. $500, DOckery, 30 %, Burkitt, $7-5O
total S72,75
On motion the Board adjourned to NEE
A. Starkville on the lst Thursday n ADri
i'm. STONE, Prsha.
FRANK BURKIrT, SeC'Y.