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1Author:  University of Virginia Board of VisitorsAdd
 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.
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2Author:  University of Virginia Board of VisitorsAdd
 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
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3Author:  University of Virginia Board of VisitorsAdd
 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=
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