The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-30

Total value Of property o.o 900
pledged. .;..,......':. ..t,.;Sl ,-oo,OVV
The above real estate is subject TO- =
prior lien amounting TO only A'7 90 fCr
the payment of which the state has all
ready made ample provision by law, ana
the Univ cisity ls further fofuiunrh nN
law to contract any other debt tnan those
above named without an express act OF
the Legislature saLCtioning H.
BUT. besides this real estate. the loan
Is secured as the first lien upon personal
property. etc. OF a present value largely
in excess Of the lean, and OF the ultimate
value OF over $4,000. from which 10 can
be realized iI full al any time in case or
default ir the payment or either piincipAl
or interest.
II viii thus be seen that independently
OF any aid provided by the State, the
value OF the property pledged as security
FOR the bonds IS Otter providing Tor sald
So 100 mortgage on the real estate more
than six times the amount Of The loan
The deel Of trust also further amply
secures the bonds 10y providing for IN
surance ON the buildings ana the esthh-
lshment OF a sinking fund 10 cover tho
principal at maturity.
IL may bee added that the buildings
ana improvements already upon the land
include thirteen professors houses, TWO
hundred and ten dormitoues ior students,
the museum. gymnasium, iniifmary, Cd
scrvatOry. hotels. boarding houses, lee
ture-rooms halls. offices, ana the beau
tifully arranged grounds OF the Jniver-
sity Those TO he erected with the pro-
ccods Of the loan and other contripution-
already IN hand will make the buildings
more complete and valuable than ever
before.
The University is a free school for Nir-
ginia studerts and while IL Is an moor
pOratcd institution. the beneficial owner
shin OF 80 is I'm the state; and The State,
bon maintaining it, public school system,
| ana protecting its interest iu the property
pledged for the bonds. would necessarily
protect this loan, even II every other SEE
| aurffv therefor should by possibility fail
Tho annual income OF the University q
sl.nOOO 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 Doe met i'm preference 20
every other expenditure are less tnan
For seventy years. and during all the
vicissitudcs through which every imam
cial interest i'm the state has passed in
that time. the University has continued
with % stcalily-incrca,lng prosperity, and
IL stand, now with renewed assurance
az continued progress ana adNanccmc ltf
but whetLer prosperous or not, the prlh-
ciual and interest of the bonds offered
are secured beyond doubt or question,
even II the doors of the institution SHOULD
DO closed tomorrow.
seldom placed upon the market offering
such Inducements in the way of uudOuht-
ed and unquestionel security, immunity
from taxation ana so good a rate Of
interest: and % investors seeking safe
and rcnuncrative returns BE- aNo.l, m
opportuuity rarely TO be met with FOR
placing their funds.
Issued by order OF the rector and
visitors. this 10Th day of June, ls96.
W. c. y. RANDOLPH, Rector.
Attest:
J.. r. WATTS.
MARSHALL MCCORMICK,
IL. HARMON,
Finance Committee.
Tho bonds above referred 90 are now
Offered for sale.
For further information price OF bonds.
&C.. address JOHN NJ WHITE.
JAMES ID JONES.
Agents for Finance Committee
fv2f-trfr&euGt Charlottesville. Va.