The times. [volume] (Richmond, Va.) 1890-1903, 1896-08-02
Total value Of pro. ,rty ,

Total value Of pro. ,rty. 900 ,.o
Tho Above real estate is subject 70 n
prior lien amounting 10 only J6,.D, for
tho payment of which the state has al
ready made ample provision hy law. ana
the University is further forbidden by
law 10 contract any other debt than those
above named without an express act or
tho Legislature saLctioning It.
But. besides this real estate, the loan
IS secured as the first lien upJn personal
property, etc, OF a present value largely
ion excess OF the lean, and ot tne ULTIMATE
value OF over $500 .OOl. from which II can
DE realized ia full AT any time in case OF
default in the payment OF either principal
Ii viii thus De seen that. independently
OF any aid provided 10y the state, me
value OF the property pledged As security
for the bonds is Otter providing for said
S.B7jO mortgage on the real estate more
than six times the amount of the loan.
The deed OF trust also further amply
secures the bonds 10y providing for in
surance on the buildings and the estab-
lshment OF a sinking fund 10 cover the
principal al maturity.
10 may be added that the buildings
ant improvements already upon the land
include thirteen professors houses. two
hundred and ten dOrmll0ries FOR students,
the museum. gymnasium. inlirmary, OBJ
servatOry, hotels, bOarding-hOuses lee
ture-rOOms, halls, offices. and the beau
tfully arranged grounds OF The Unlver-
slfy. Those TO be erected with the pro-
ceeds OF the loan and other contributions
already in hand will make the buildings
more complete and valuable than ever
before.
Tho University IS a free school for Vir-
ginia studerts. and while IL is an incor-
porated institution. the beneficial owner
ship OF IL is in the State. and the state.
100 maintaining It's public school system.
and protecting It's interest IN the property
pledged for the bonds. would necessarily
prOtect this loan, even IL every other Sc
The annual income OF the University "a
$4,000 Its whole fixed charges for all
the interest and sinking funds (which
have by law and under the terms of the
deed of trust 10 be met in preference to
every other expenditure are less than
so 90 per annum.
For seventy years. and during all the
vicssitudes through which every imam
cial interest in the State has passed In
that time the University has continued
with n steadily-increaslng prosperity, and
10 stands now WITH renewed assurance
Of continued progress ana Advancement,
but whether prosperous or not. the prin-
cipal and interest " the bonds offered
are secured beyond doubt or question.
even n tho doors OF the Institution SHOULD
bs closed tomorrow.
A. is submitted that an investment IS
seldom placed upon the market offering
such inducements IN the way OF undOubt-
ed and uncuesti0ncd security, immunity
from taxation ami so good a rate OF
interest: and 10 investors seeking safe
and remuuerative returns IL affords an
opportunity rarely TO be met with for
placing their funds.
visitors. this 18th day OF June. 1896.
W. &. y. RANDOLPH. Rector.
Attest:
j.. r. WATTS,
MARsHALL MCCORMICK.
II. HARMON,
Finance Committee.
The bonds above referred 10 are now
Offered for sale.
For further information, price or bonds.
g. address JOHN NJ. WHITE.
JAMES ID. JONES.
Agents FOR Finance COMMITTEES.
iy2l-tu.tt6 suCt Charlottesville. Va