| | 1 | Author: | University of Virginia
Board of Visitors | Add | | | Title: | Board of Visitors minutes  | | | | Published: | 1898 | | | | Subjects: | University of Virginia Library, Text collection | UVA-LIB-Text | UVA-LIB-BoardOfVisitorsMinutes | | | | Description: | At a meeting of the Board of Visitors of the University
of Virginia called by the Rector and held in pursuance of notice,
on the 17th day of February 1898, University of Virginia,
March 17th 1898. As chairman of the University I take pleasure in reporting
that so far this session the health and general conduct
of the students have been extremely good, and I take
still greater pleasure in reporting that they have met their
financial obligations in a way that leads me to hope that the
deficiency caused by the action of the Legislature can be
largely made up in this office. To the Rector and Visitors of the University of Virginia,
Gentlemen: In view of the contemplated dedication of the
new buildings in June next it is absolutely imperative that
the Board should decide now what sum of money it can appropriate
for this celebration. This sum should be appropriated
and made available at once, as the Joint Committee on celebrations
can do nothing until they know exactly what sum is at
hand. The celebration is but a part of the necessary advertising
of the University and in view of all the circumstances
should be as liberally provided for as possible. I have just received a letter from my brother, stating
that you have a meeting of the Committee and Board of Visitors
on March 17th. The final certificate has been sent, and
you also have our bill in full. In reply to your request for figures for the connecting
arcades on the University of Virginia, will say that we will
construct the two arcades connecting the Academical with the
Mechanical and with the Physical buildings, for the sum of
$1250.00 each. | | | Similar Items: | Find |
| 2 | Author: | University of Virginia
Board of Visitors | Add | | | Title: | Board of Visitors minutes | | | | Published: | 1898 | | | | Subjects: | University of Virginia Library, Text collection | UVA-LIB-Text | UVA-LIB-BoardOfVisitorsMinutes | | | | Description: | At a regular annual meeting of the Board of Visitors of
the University of Virginia held at the University on the 13th
of June 1898. You may recall that last summer a part of the piece of
real estate owned by the trustees under Mr Austin's will was
taken by the Commonwealth of Massachusetts for park purposes.
This left a small piece of the estate, containing about 5000
square feet, with restrictions against building on a part of
it, thus rendering the lot really unavailable. We have now
received an offer of $800.00 for this piece of land, which we
consider it would be advantageous for the estate to accept.
We have therefore prepared a petition to the probate court
for leave to sell the remainder of the estate. If this meets
with your approval will you kindly sign the assent to the enclosed
petition, and as the purchaser is in something of a
hurry, I would ask you to return the petition at your earliest
convenience. The Board of Visitors met in pursuance of adjournment
on yesterday. The Board met pursuant to adjournment on yesterday.
Present the same members as on yesterday, with the exception
of Mr Glass who was called home. I enclose to you herewith cheque for $20,000.00
being a gift from the J. W. and Belinda Randall Charities
Corporation, which was voted to you by the trustees on June
10th, 1898. With this gift goes a copy of the vote under
which you must receive this gift or return it to me as trea-
surer. Referring to interview with you this A. M.
in relation to caring for securities and handling the Sinking
Fund Accounts of the University,- We beg to state our
construction of agreement arrived at and if correct will be
pleased to have you confirm same. I am in receipt of your letter of July 19th, I beg
to State that my understanding of our agreement concurs with
yours therein expressed, We have your favor 22nd and are in receipt of
securities listed in same by Express. We register on our books
153 bonds $500. each, $76,500. in name of Rector and Board of
Visitors of University of Virginia, and hold the same for safe
keeping. We have changed Virginia Century Bonds, $28,000 from
Coupon to Registered. This cost us $3.00, the charge made by
Auditor of Virginia for the change. Please remit. We are in receipt of Virginia Century Bonds $20,800.,
advised as purchased in ours of yesterday, and have had
same registered in the name of the Rector and Board of Visitors
of the University of Virginia. We charge the respective
Sinking Funds as per statement below, and hold bonds for account
of same. You will notice this makes the Sinking Fund
Account Old Debt, show debit of $95. and to the Credit of Sinking
Fund Account New Debt $15.00 | | | Similar Items: | Find |
| 3 | Author: | University of Virginia
Board of Visitors | Add | | | Title: | Board of Visitors minutes | | | | Published: | 1898 | | | | Subjects: | University of Virginia Library, Text collection | UVA-LIB-Text | UVA-LIB-BoardOfVisitorsMinutes | | | | Description: | At a meeting of Referring to_interview with you this A. M. in
relation to caring for securities and handling the Sinking Fund
Accounts of the University. We beg to state our construction
of the agreement arrived at and if correct will be pleased to
have you confirm same I am in receipt of your letter of July 19th,
I beg to state that my understanding of our agreement concurs
with yours therein expressed. We have your favor of 22d and are in receipt
of securities listed in same, by Express. We register on our
books 153 bonds $500. each= $76,500. in name of Rector and
Board of Visitors of University of Virginia, and hold the same
for safe keeping. We have changed Virginia Century Bonds, $28,000.
from coupon to registered This cost $3.00, the charge
made by Auditor of Virginia for the change. Please remit.
We have opened an account "University of Virginia Sinking
Fund, Old Debt" and hold following securities for collection
of income: We are in receipt of Virginia Century Bonds
$20,800., advised as purchased in ours of yesterday, and have
had same registered in the name of the Rector and Board of
Visitors of the University of Virginia. In compliance with your request to make enquiries touching
the nature and value of the Securities in which the estate
of Arthur W. Austin, of Milton, Norfolk County, Massachusetts,
is now invested, I have the honor to report that I corresponded
with Mr Bentley W. Warren, one of the Trustees of that estate,
and received from him a letter under date of Sep. 24 which I
herewith file, enclosing a statement of the Securities and their
value as of Sep. 18th which I also file. I sent a list of these
securities to Messrs W. H. Goadby & Co. Bankers, of New York,
and asked them to ascertain their values, and received from
them a letter under date of October 10th giving me the market
values of all, save the stocks of three National Banks, the
Boston and Maine RailRoad preferred stock, the East Middlesex
Railway stock, and the Ogden & Lake Champlain R. R. bonds.
The report of Messrs Goadby & Co confirmed the estimate of Mr
Warren, adding somewhat to the value of some of the securities.
I file herewith a statement showing the value of the securities
under Mr Warren's estimate, showing a gross market value of
$262,945. In this is not included the $80,000. invested in the
Massachusetts Hospital Life Insurance Co. About this wrote Mr
Warren, asking his opinion of its value, but have no reply.
I should say from the statement furnished in Mr Warren's
letter that the real estate is worth about $50,000., and assuming
that the $80,000. in the Insurance Co. is worth its
face, the total present value of the Estate is $392,945. I am very sorry that the receipt of your letter
just after I had begun my vacation has prevented an earlier
reply to your inquiries relative to the investments in the
Arthur W. Austin Estate. Replying to your favor of the 30th ult., I
would say that in my opinion the $80,000.00 investment in the
Massachusetts Hospital Life Ins. Co. is undoubtedly good, and
that the University will receive the same when the same becomes
payable by its terms. We give below quotations on the securities
which we were unable to furnish in our last letter, viz= | | | Similar Items: | Find |
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