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1Author:  University of Virginia Board of VisitorsRequires cookie*
 Title:  Board of Visitors minutes  
 Published:  1912 
 Subjects:  University of Virginia Library, Text collection | UVA-LIB-Text | UVA-LIB-BoardOfVisitorsMinutes 
 Description: At the regular annual meeting of the Board of Visitors on above date, at 8:30 P.M., The University of Virginia now holds a balance of $42,500.00 upon the L. P. Stearnes loan which matures in the following manner: I have the honor to inform you that in accordance with your recommendation and in conformity with the rules of the Carnegie Foundation, retiring allowances have been voted to the following officers in the University of Virginia, to be paid in the ordinary way through the University. I have great pleasure in acknowledging receipt of your communication of May 10, 1912, informing me that in conformity with the rules of the Carnegie Foundation, retiring allowances had been voted to the following officers in the University of Virginia to be paid in the ordinary way through the University: Milton Wylie Humphreys, $2050.00, Isaac Kimber Moran, $1460.00, Ormond Stone, $2050.00. I have notified these gentlemen of the action of the Foundation and beg to express to you for them their very great obligations. When their resignations are received by the Rector and Visitors, I shall give you due notice. I am in receipt of a communication from the Secretary of the Carnegie Foundation for the Advancement of Teaching, which contains this statement, "I have the honor to inform you that, in accordance with your recommendation and in conformity with the rules of the Carnegie Foundation, a retiring allowance has been voted to Milton Wylie Humphreys, to be paid in the ordinary way through the University. This retiring allowance amounts to $2050.00. The allowance of Prof. Humphreys will become effective on September 15, 1912." To you as President, and through you to the Rector and Visitors I hereby tender my resignation as Professor of Greek in the University of Virginia, to take effect September fifteenth, 1912. I am in receipt of a communication from the Secretary of the Carnegie Foundation for the Advancement of Teaching which contains this statement, "I have the honor to inform you that, in accordance with your recommendation and in conformity with the rules of the Carnegie Foundation, a retiring allowance has been voted to Ormond Stone, to be paid in the ordinary way through the University. This retiring allowance amounts to $2050.00. The allowance of Professor Stone will become effective on September 15, 1912." Having been granted, in accordance with your recent letter, at my request, a retiring allowance by the Carnegie Foundation, I beg that you will kindly transmit to the Rector and Visitors my resignation as Professor of Astronomy, to take effect September 15th, next. In doing so I desire to express to you and the Faculty, as well as to the Rector and Visitors my sincere thanks for the many courtesies I have received during the thirty happy years I have spent at this University. May I also express the pleasure I have enjoyed in watching the growing spirit of progress which during these years has gradually infused       the life of the University, especially during the eight eventful years in which you have been its leader. I wish also to express my pleasure in noting the growing realization of the duty of the University constantly to readjust itself in order that it may with ever increasing efficiency contribute to the higher life of the people. In the firm belief that this spirit and this realization will continue to grow with the passing years, I lay down my work here with pride that I have been privileged for so long a time to be connected with an institution possessed of such splendid traditions, and (what is more important) inspired by such noble ambition to serve. With sincere personal esteem, I have the honor to inform you that the Carnegie Foundation for the Advancement of Teaching has this day notified me that a retiring allowance has been voted to Isaac Kimber Moran to be paid in the ordinary way through the University. This retiring allowance will become effective on October 1, 1912. The amount accorded to you is $1460.00. It has been known to you for some months past that I have had in contemplation the relinquishment of the offices with which the University has so long honored me. I hereby tender to you my resignation as Bursar of the University of Virginia, and also as Secretary to the Board of Visitors, to take effect on October 1st, 1912. I respectfully request that I be permitted to occupy my present residence on University grounds, for the year from October 1st, 1912 to October 1st, 1913, at the same rental I am now paying; viz. $200.00 per annum.
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