The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-23

Total value Of property, oso ooo
The above real estate Is subject to q
prior lien amounting 10 only $50 80 ior
tho payment of which the state has all
ready made ample provision ny law, anu
the University De- further toroluuen 10y
law 90 contract any other debt than those
above named without am express act OF
the Legislature saLcuonng m.
Bur. 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 SlunNOp from which ~ can
Doc realized ih full al any time 200 case OF
default ir the payment or either principal
or interest.
OF any aha provided by the state, the
value OF the property pledged as security
for the bonds is Bfter proYdins FOR SAD
$500 mortgage cn the real estate moro
than six times the amount Of che loan.
The decd Of trust also further amply
secures the bonds hy providing for IN
surancc on the buildings ana the estan-
lishment Of a sinking fund TO cover the
principal AZ maturity
IL may DE added that the buildings
AMI improvements already upon the land
include thirteen professors houses, TWO
hundred and ten dOrmltOries FOR students,
the museum gymnasium, lnilfmail, ob-
servatOry, hotels, bOardiug-houses, lee
turc-rooms. halls, offices, ana the neau-
TRULY arranged grounds or the lmNef-
sity. Those TO be erected with the pro-
ceeds Of the loan and other contributiOns
already In hand Will make the buildings
mere complete and valuable than ever
before.
The University is a free school for Nir-
ginia studerts. and while 10 Is ana incor-
p0ratcl institution. the beneficial owner
ship Of IT is in the State; and the state.
ln maintaining It's public school system,
and protecting its interest in the property
pledged for the bonds. would necessarily
protect this loan, even II every other se-
curity therefor should by possibility fail.
The annual income Of the University q
sl2a 900 Its whole fixed charges for all
the interest and sinking funds lWhicn
have by law and under the terms OF the
decd of trust 10 bee met IN preference TO
every other expenditure are less than
$4,000 per auuuni
For seventy years, ana during an the
virissitudes through which every nnan-
cial interest in the State has passed IN
that time. tho University has continued
with steadily decreasing prosperity anu
10 stands now with renewed a0HuftI."
OF continued progress ana adFaHccine ~
but whether prosperous or not. the prln-
cipal and interest Of the bonds offered
are secured beyond doubt or question,
even If the doors of the institution shoull
10 closed tomorrow.
10 l- >uimlttr. mat an investment Is
seldom placed upon the market Offering
such Inducements ia the way Of undoubt-
ed aud uuquestioned security, immunity
from taxation AMI SO good rate OF
interest. and 10 investors seeking sate
and remunerative returns 10 affords an
opportunity rarely 10 be met with for
placing their funds.
Issued by order Of the rector and
visitor, this 18th day OF June, 1896.
". &. y. RANDOLPH, Rector
Attest.
l.. II. WATTS, ,.
MARsHALL MCCORMICK,
u. HARMON,
Finance Committee.
The bonds above referred 10 are now
offered for sale
For further Information, price % bonds.
Se address JOHN NJ WHITE.
JAMES r. JONES,
Agents for Finance Committee.
jy2l-tu tf&su6t Charlotte9NlIie' Va