The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1913-12-26
STATE UNIVERSITY
WORTH sl3,o00,o00
PUBLIC EXAMINER PLACES VAL
UATioN ON MINNESOTA
INSTITUTION.
INFLUENCE IS BENEFICIAL
Agricultural District Profits as Much
as Any From the Great Invest
ment Made by the
State.

Minneapolis million dol
lars is the grand total closely ap-
preached by valuation placed by the
state public examiner upon that asset
of the commonwealth represented by
the University of Minnesota and its
adjuncts and auxiliaries in a report
just given out. Enrolled by this state
fostered institution, S,204 students or
pupils may be found, including all the
agricultural college outreach, it's
branches, stations, farmers short
courses and teachers training school.
Vast as Railroads.
Vast as the financial prospective of
a railroad corporation, greater in
gross financial presentation than
many big bank, and important be-
yOnd ordinary appreciation in it's ca
pacity of landowner and tenant, the
ness proposition, has held the atten-
ton of Public Examiner Andrew E.
Fritz and corps of expert examiners
in the annual check-up attested by
Assistant Public Examiner o. II. Ha-
will.
Constructive criticism is not want
ing. Free from important exception
to the general operating or admins
trative method, the examiners report
finds, nevertheless, some laxity. Like
wise, it finds in spots some lack of
opportunity fully and most effectively
RI tn with Nntahly- ~
finds that no records are kept at the
university of the permanent Univer-
sity funds except list of the land
grant funds and mineral leases.
These records have not been correct
ed for the last year. the report says,
i'and do not present a true condition"
Slow in Paying.
But in the matter of the payment
of it's bills, the report says, the uni
versity is slow and in consequence is
paying more for its purchases than
business firms, and that a number OF
houses refuse to give prices on goods
needed, nos desiring the business of
the university. Other houses, it says,
add to usual prices, to reimburse
themselves for delays in payment
Clearly, in figures that attest the
magnitude of the work, the report
sets out the far-reachirg and bene-
fetal influence of the institution, Civ.
ing attention, relatively in as great
detail, to the outlying branches as to
the main grouping of buildings and
concentration of direction in Mime.
apolis. Especially does it, of neces-
sity, show the wide scope and rami-
fication of the work of the college of
agriculture.
The investment in Big Figures.
The university and all it's branches
stand for an investment, or asset of
the state of Minnesota totaling $12,-
901, 1855. Contingent funds are add
ed into this Likewise, the perma-
nent university fund and the income
from ore land royalties are included
The whole gross figures. representing
the institution make the figures Civ
en-.
Folwell hall is the most important
of all the buildings from the valua-
ton standpoint, and is listed as rep
resenting $36S,746. The main engi-
neering anatomy building and Willard
hall, OF the newer building, come
next, each set down at 100000. FL
lott Memorial hospital is down for
$15S,000. The library follows with a
valuation of $4,000. Pillsbury hall
is valued at $4,000. The pharmacy
building is worth S125,OcO, and the
public health and pathology, expert
mental engineer building and Sanford
hall, 100000 each. The contents of
these buildings makes a big total