Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1910-11-03
UNIVERSITY TO LEGISLATURE
Trustees Tell of Work of the Last
Two Years
Year Exceeded the Income ny 3d.
332--Asscts Arc xG5O,41O-
Duty OF the state.

The biennial report OF the trustees of
the University of Vermont. made to the
Legislature has been issued in pamphlet
form for general distribution Mention is
made OF the severe loss by the university
ny the death OF John Heman Converse.
The minutes and resolutions adopted by
the trustees upon the death Of Mr.
| Converse are quoted in full.
! In speaking or the treasurership Of the
university President Buckham says:
! After a long and faithful service in
which MS Judgment and experience as an
investor and his unimpea chablc fidelity
ana integrity in all business transactions
were or the greatest value to the in
sttuuonS. e. Henry Powell withdrew
| from the Office OF treasurer, carving with
! nm the respect and esteem of the trustees
ana or the entire constituency OF the uni.
VerSity. Mr.. Powell was able to state
IN his ilnal report that during his long
administration OF the treasury no invest
mont or university funds made by him
/ had shrunk In value or defa,lted In
interest. The trustees deem themselves
very fortunate IN securing as Mr. Powell's
successor, Charles j. Smith, president OF
the Burlington Savings bank, director I'm
other financial institutions of the State.
and well known In the business world
| generally as fnancier of the first rank.
! enjoying In very high degree the
confidence of the large business con-
sutucncy with which, through the opera-
lions of his bank he is connected"
| In speaking OF the chances in the
facultN high tribute IS paid TO Professor
Jones. In tho departure OF PROF.. L. II.
Jones. TO accept position in the Uni
versty Of Wisconsin. we have lost one
VINO by his high ideal of scholarship. his
confessions enthusiasm In research. and
his winning personality, had raised the
departments OF botany and nlant
pathology to q foremost rank, recognized
as such by institutions carrying on
similar work"
The university has grad ually added tc
its courses of instruction till it has now
using the term department loosely as
designating groups of studies offered as
electives the following departments: l.
Arts and sciences, commonly known a,
Classics. @ Medicine 8. Icngineering.
t. Agriculture 8. Chemistry and Min.
ing. &. Commerce and Economics :.
Education. 8. Home Economics. g. Mill.
''''F '''iNii'' anu lucticS, ana, lnOugl
not strictly a department., 10, the Ii.
| brarY. There are reports from the heads
of all these departments.
In the treasurer's report for the yea,
ending June 30. 1910, the assets are invest
ments, loans, stocks and bonds. s516, 800 80
leased land. slGo0tU; income producinf
property, $37,5OO; cash on hand, s2,54e. ~
'total. 1856. 1914. The liabilities are. funds
$685. 1856, surplus of assets. s2O,013 81
with a total Of 1856, 40974 The expense.
of last year, slsO,0So.45, exceeded the in
come By sl3.%332.7o.
In the report concerning the centennia
endowment fund it is stated that witt
the completion of the first half million il
face of the financial disturbances which
have prevailed during the decade of year.
past. the committee, hoping for better
times to come. has resolved to 20 OF
with the effort to complete the full mill
ion endowment"
The trustees call the attention Of tn,
members of the General Assembly to tn,
historic relation of the university to tn,
) State, and claim a special obligation upol
the State to maintain the State universit,
} Sin condition of prosperity and dignit,
worthy Of the State whose name 1,
bears"