The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1891-01-20
THE STATES SCHOOL.
Annual Report of the Regents
of the University.
SHOULD SELL PRESENT SITE.
The Heart Of Great City Not the
Proper Place for Temple OF Edu-
cation-Resourccs and Finances.

very lengthy, making pamphlet OF l30
pages, including the catalogue for the
school year 1S59-90. On the subject of
finances the report says:
On July 8, 1890, at the first meeting Of the
present board Of regents, the financial status OF
the university was reported TO the board by the
treasurer Of the former board and the available
cash on hand was found TO be the sum OF
s4.162 10 subject 70 some outstanding cnecks not
at that time as yet presented for payment; and
amount which passed TO the credit Of this
board of regents after il had assumed
governmental charge Of the university affairs. Up
to November l. 1880, there had been placed 10
the credit OF this board in addition to the afore
said sum OF 81, 76 the total sum Of sl.0S22T
realized from tuition fees, etc.s and the furtner
sum OF $3.50 from legislative appropriations
found available, making the total receipts in
cash TO the credit OF this board aggregate IS 5
The total expenditures authorized By this board
upon November ], 1890, had reached the total o.
ss9S6 Is leaving balance in bank Oh the said
frst day OF November, 1890, OF s6,55s.5s. The
expenditures divide themselves into two classes,
viz: for salaries S2,0e5, and for general expenses
such as printing, advertising, plumbing, ianftor,
coal gas, water, library, repairs, Chemicals, ETC.,
The balance on hand viii be reduced by the
first day OF January, 1891, BY the payments OF
accrued salaries aud outstanding and accruing
current expenses 10 an inconsiderahle fund.
The university fund, under the present law,
consists OF the proceeds Of sales OF lands do
mated BY the United states for the endowment
OF university and the admission and tuition
fees OF students, and such appropriations as the
legislature may make. he first source Of IN
come Is nnattainabfe as yet and realizes nothing
20 its stated beneficiary; the second source OF
income, which produced during the last c0llegl-
ate year the sum OF si,015.95, has been crippled
70 no small extent by the provision OF section 10
Of the ACT OF MaTcn ~. $50, which reads that
call students residing within the state, outside
of the county Of King, once during their term
OF scholarship. shall have deducted from their
tuition the actual fares for travelling to and
r@@ &kzs-
by TIE shortest route" The third and last
mentioned source Of income, viz, Legislative
appropriations, must be now and
Continue conf % to Be- the s-s chief rels lue
OF our university for its integrity ana perpetu-
ity. The last legislature made an appropriation
OF 600 To carry into effect the provisions OF its
new act relating TO university afIairs, without
limiting the times Of its withdrawal from the
state treasury. OF this appropriation there has
already been discussed by the state treasurer the
sum OF s., $50, leaving available therein for the
use OF the university the sum OF $3.50. This
amount, together with the income derivable
from tuition fees for the coming year, esti-
mated conservatively at about $500, added to
the amount OF cash which will be IN bank on
the LIST day OF next January, which the board
places at about $4,000, is ali the income at the
boards disposal under the existing state of
things; and these sums aggregated
are not sufficient TO carry On the
educational requirements of our state
institution of learning beyond the length Of
year at the farthesI after the close of 1890 II is
therefore plainly incumbent upon the legislat-
ure about to convene to be as generous as pos
sible In its money appropriations for the benefit
OF our university, which Is constrained 70 main
tain Itself upon proper scope and plane by the
help OF the state through it's official represent
atiyes in congress assembled, or else either fall
by the way for want Of such help, or drag on a
ssekly and remittent existence under the unde-
sirable and almost worse than useless dispensa-
ton 10 II of niggardy legislative appropriations
II is true that under the last act the university
ie empowered to become the recipient OF "dona
tons Of money, security or other property"
but, being ss yet but an infant as a public edu-
cational factor, 1t is quite unlikely that any
large donations will be made to it for sometime
TO follow. II mace, and whenever made under
the operation and terms OF the present
laws, such donations shall be paid into the
state treasury and invested as other funds of the
university, which means that they shall be in
vested by the state, first in bonds OF the state
of Washington, If such are TO be had, but III not
then In bonds of the United States, and said
funds shall not be invested in any other man.
ner or upon any other securities whatever"
The outcome will necessarily be that all the
university funds, whether arising from the sale
voluntary individual gifts, must be invested
ultimately in the lowest Understanding securi-
ties known to the commercial world, viz,
United States bonds, because it is natural Ger.
tainty that the high interest-bearing bonds of
our state viii all, or nearly all of them, fall
into the hands Of other and read
safe enough, yet yield the poorest pecuniary re.
turn upon tho investment It seems TO the
board of regents that the coming Legislatures
might In us manipuiation OF university matters
devise ways and means of giving our university
larger and more remunerative, vet Just as safe
returns upon moneys set aside and directed 10
be invested peculiarly for its use and benefit
The board calls attention to the fact also that
OF all the outstanding promissory notes due the
old territorial and now due the new state uni
versity from individuals, Complete detailed list
OF which was presented to the last legislature
by the former board OF regents, totaling s2y7 OF
VITA accrued interest, only one note, that of
William Elder for $780, seems collecfible
AS further illustrative OF the financial stains
OF the university for the coming year, the mem
hers OF the faculty under the pay OF the board
are as follows.
Tie president OF the faculty, Professor r NJ
Catch, draws an annual salary OF s., 500
Professor Q. b. Johnson draws an annual sal.
airy of s., 500.
Professor ]. NJ Taylor, an annual salary of
G,90. -
Professor E. K. Hin. an annual salary of 81 200
Professor c. ]. Reynolds, an annual salary of
Mss E. ]. Chamberlain, an annual salary of
G,20o -
Miss Julia L Chamberlain, an annual salary
The aggregate salary list fooss up ssaoo. To
cover the actual needs of the university for the
next two years, the board OF regents earnestly
reeonamena as an appropriation by the Legislature
The LANDS belonging to the university, or In
which II has an interest, are as follows:
ElFst-a square OF ground In the heart OF Sc
attic, IN King county, comprising ten acres the
Joint gift 10 the territory Of Washington N ISsg
OF Artnur A. Denny and wife (who donated eight
ana e-third sores thereof and of Charles G.
Terry and wife, conjoiRed with Edward Lander
thereby. NS
second-The remnants OF two toyvnxbt-s of
land reserved TO the territory for university fIr
poses ny the act Of congress approved Serts,s har
q. lSo9, a. amended by the act approved f,Iy IL
-, ana under the latter act az amended hy the
ees q congress approved February y $500 adj
matuag Tie state oI WASHINGTON into the Irni9n
Inc seattle grounds are the site Of the mi.
eslsats, Ena contain all IT'S buildings, The status
oi said grounds remains the same rs when the
report OF the former university regents was
rendered fe the last legislature ACCOMMODATING
thls present report the board transmits the re.
polt OF tbe former regents herein referred %. as
eSemplityng exhanstiyeiy the Condition nj
thugs As regards the said site and the buiid
lass .eSated npon II IL Is the recommendation
81 this board that iaw be enscted hv the isgis
latore empowering the board OF university re-
gents. WITH the concurrence of the governor ana
secretary ss, % state, to dispose OF the present
sic o. Tue university, ii deemed adyjs-
able, divided That arrangements "a
tnat end can De effected with all parties now IL,
snssEess IN ne opiaion Ct the regents ampler
Sroanas are essential 10 the prosperity and veil
oelng 81 Tue university, and grounds more ne.
mote from tue center 0f rNpidlv growing and
sSpenalng clty. The experience Of educational
1nsntalons unttes ppon the idea that such in
katauens flourish best removed Ia a distance
TON tse excitemcuts and temptations Incident
20 city life and its environments
IL such law be enacted there should he
coupled with IL plensgy authority. to be vested
ne TIE regents or II such d commission or hasr3
- iGaehonaFies as TIE legislature may deem
t1peagent ard prescribe. g. authorize the seIec-
zen q othet ana more suitable grounds tor the
university site. such site 20 &c ehasea either
Lfssa TIE lands belonging q the university or by
04tSVt purchase from individuals. Ii is esrn-
estss aapoa oy the board that the legislature
Wa haako q thorough examination Of this mat
.. ths university site and is status. IL order
49, tse university may start rseht upon It's ed
1tStsonas p AWAY, aud nav nct BE- hammered