The weekly democratic statesman. [volume] (Austin, Tex.) 1871-1883, 1883-01-25
THE STATESMAN.
REPORT OF THE REGENTS.

sity of Texas, which the state depart
ment reporter of the STATESMAN is
permitted to publish:
AUSTIN, TEXAS, Jan. 8, 1888.
To His Excelency, o. NJ. Roberts, Governor
OF Texas:
The regents of the University OF Texas,
in compliance with the act of the legisia-
ture approved March 80, 1881, for estab-
fishing university, have the honor 10
report as follows:
At the date Of the former report to
your excellency, the board OF regents was
constituted OF the gentlemen arranged In
classes as required by the university act,
and named as follows:
First class, Smith Ragsdale, I. ID.
Second class, Ashbel Smith, J. L.
Camp.
Third class, t. NJ. HARDWOOD, A. N.
Edwards.
Fourth class. BIB. Hubbard, T. ]. De-
vine.
OF these regents the following gentle
men have resigned, to-wit: j. l.. Camp,
X b. Hubbard, L, j. Devine and A. N.
edwards, aud In their places have been
appointed NJ. l.. Crawford, w. l.. Jones,
Il. s. Slmpkins and Il. Il. Mckinney. The
election of Mckinney 10 the state legisla-
ture, and of AIR. Jones to the United
States congress, will create two vacancies
in the board at an early date and necessi-
tate two appointments In their places.
The places OF two members constituting
the nrst class will expire, by limitation
oflaw, in a few months.
The board of regents, Immediately after
theii organization, as required by law,
and as set forth above, and having esta0-
hshed the several departments OF the unl,
versity, and having defined the general
plan OF the university buildings, adNer-
Used. In further pursuance of the untver-
sity act of March, 1881, Tor plans OF tne
university buildings. In response 10 TINS
advertisements, five plans were submitted
10 the board OF regents. That submitted
byF. E. Rufini was adopted.
The board Immediately thereafi er ad-
yertlsed for bids for contracts and speci-
fcations for erecting the west wing of
the main university building agreeable
10 the plans of Mr.. kutini as adopted.
Five bids were made. The bid OF A. ID
Coos, with ample security, ut $500
was accepted. The wing, AS provided for,
will contain twenty-five large rooms, With
the necessary adjuncts OF smaller rooms.
+. Z Ruftini was appointed supervising
architect.
The erection of the portion OF the uni
sversity main building in question was
-imme diately commenced, aud is pushed
forward with all the dispatch consistent
with good and solid work.
The general appearance and solidity oil
the building, as TAR rs done, though
wholly avoiding mere ornamentatlon,
leave nothing TO be desired. Ii will please
the board of regents il the honorable the
members OF the Legislature VIII visit the
building, which possesses so much interest
and prospective Importance.
The board OF regents, at their meeting
.on the fourteenth of November last, pro-
ceedcd to the election OF the following
gentlemen to be professors in the chairs
against which their names are respective
ly placed:
l. English Language and Literature and
History-Leslie Waggener, LII. ID.
.. Physics and Cnemistry-J. W. Mall
let, +. X. s LII. ID.
8.-Pure and Applied Mathematical.
Leroy Brown, LII. ID.
4. The Latin and Greek Languages and
Instrumentation w. Humphreys, LII.
D., Phi. ID.
8. Modern Languagee-H. Tallichet,
A. NJ.
Q. constitutional, International, Com
mon and Statute Law--O. Nj. Roberts and
X. 8. Gould.
The aggregate of the salaries OF the pro-
1essors above named Is annually $4,000.
It Is cOvenanted, in the contract for the
erection OF the university building ad-
verted to above, that Il shall be completed
for use on the first of June next, 1888.
BY resolution of the board OF regents,
the university will be opened on the 10th
OF September next for the reception and
instruction Of students Such examina-
ton as shall be deemed proper for the adj
mission of students, and the time OF max
tng the same, will be hereafter made
known to the public.
1t would be violation OF del cacy to
name gentlemen who were candidates for
professo Ahips, but not chooses, and also
gentlemen who are candidates for chairs
hereafter to be supplied, but the board OF
regents deem 1t proper to state In general
terms to your excellency, that they have
had before them Tor choice, respectively,
n good number of the most distinguished
scholars and scientists In America, many
of them of world wide reputation. The
selections already made, both for tue law
and acadr mical departments, have met
with universal approval. The board Inn
tied their selection TO only five professor
ships in the academical department,
chiefly for two considerations. These
considerations were their determination
50 guard against all lnanclal emOarrass-
man, by iDcurring any pecuniary obliga-.
lions wv Stcb they are not at this time
really 10 m, 1T; aud also to have the CO.
operation of >npemen areaoy Inos si
in making future Sp; nmsnss in the sey s
In view competent ~. rrso, and aIso the
secur,n@ If barmon,ons No'0peration OF
4 s.-Fa al
the entire faculty, when con Ns!Gx Inv
The board of regents respectful "a -
the attention of your excellency
financial condition of the university.
From communication from the comp.
troiler to the board of regents 1t appears
that the funds In bonds and cash, being
permanent funds, be onging to the uni
more detailed statement the letter of the
comptroller is hereto appended:
EXECUTIVE DEPARTMENT.
OFFICE OF COMPTROLLER,
AUSTIN, January 10, 1888.
Hon. Ashbel Smith, President Board of Re
gents, University of Texas.
SIR-ln reply TO yours of the 9th instant:
l. On January 1, 1885, the permanent univer-
atty fund in the state treasury was as follows:
l. Cash for investment. ........... S3193 70
2. Five per cent bonds. ............. $3.50 63
. ok per cent Dopus, .''...'.''.. n3,om ~
Q. Five per cent bonds issued in 1866 1s4472 &c
g. Comptroher's certificate of debt. 10000 IL
Total permanent fund. ......... S5O6, 55s Og
II. The annual interest ON the above bonds
utems 2, and a Is as follows:
l. On nye per cent bonds........... 1854 SO
2. On six per cent bonds. .......... iO,50J 90
g. On seven per cent bonds $1,000. 1850 90
Total interest annually. ...... s2l, ss4 6s
The above amount 1921 ,93i.5s) Is the entire
income from the permanent fund Icnder exist
III. Inc lOtsA amount OF interest due on the
ti3i,4I226 nve per cent state bonds OF 1866,
from date OF issuance TO maturity Of said bonds
In 1879, Is Ss06S3.35.
The Interest," when appropriation Is made
therefor by the legislature, will be appor-
toned AS follows:
To permanent university fund, all
interest due before adoption OF
the constitution of 1876. .......... S624T3 IS
To available fund, interest accrulng
after constitution OF 1876. 1929 ~
rotal Sen ESQ ax
Respectfully,
w. ~. Brown. Comptroller.
BY reference TO this letter OF the comp
troller. II will appear that the five per
cent twelve year bonds for S134,4I2.2 % are
included In the above sum of $500, $500
permanent funds. All facts connected
with the history OF the bonds for S134,-
AZ. 20 are set forth In n document hereto
appended and marked document b,
from which IL is clear past all oontroyer-
~ that the bonds In question do In law
aud Justice as legItimately belong to the
university funds as any other portion of
those funds. These bonds are lying In
the treasury. Some slight legislative
action, however, IL needed TO restore
them TO their leg Innate place. Nothing
"a needed now except for the legislature
10 make an appropriation that has been
heretofore deferred for payment OF inter-
est thereon.
II was wise In view ofthe condition of
our financial affairs that the legislature
postponed the payment OF the interest
due on these bonds. The university was
not established. and IL would have en-
bnrAssed the revenues needlessly TO set