University of Virginia Library

At a called meeting of the Board of Visitors of the University
of Virginia, on May 8th, in the President's Office,
East Lawn,

Present: The Rector, and Visitors Craddock, Shackelford,
Harmon, & White, and President Alderman, (I ld later)

The Rector having called the Board to order at 10:30
A. M., the following was adopted:-

Whereas, the Alumni Board of Trustees of the "University
of Virginia Endowment Fund" has passed the following
resolution—

"Dr. Alderman has stated that of the million dollars
subscribed by the friends of the University of Virginia,
and known as the `General Alumni Association Fund of the
University of Virginia,' the subscriptions hereinbefore set
out as being held by the Board of Visitors of the University
of Virginia, were paid directly to the University authorities
and are now under their control; therefore, be it

Resolved: That Dr. Alderman communicate with the Rector
and Visitors of the University as to the propriety of
turning over said subscriptions to this Board to be administered
by it as a part of the said Alumni Fund,"—

And, whereas, this Board desires that the whole of said
Endowment Fund shall be administered by the said Board of
Trustees, if it can be done legally,—

Resolved: That the Legal Counsel of this Board be requested
to investigate and report to our next meeting what
is the authority of this Board in the premises.

After conference with the Alumni Trustees of the University
of Virginia Endowment Fund, it is agreed that the
income from the Endowment Fund be applied as follows:-

1st. The income to July 1, 1909 is to be applied to the deficit

for the session 1907-'8 and 1908-'9.

2nd. The income from July 1, 1909, to July 1, 1910 is to be
applied as follows,—

(a) $3,000 as additional salary to the President of the
University.

(b) To the budget of the Alumni Board of Trustees, filed
herewith, and marked x.

(c) The expenses of the Alumni Board of Trustees of the
University of Virginia Endowment Fund, and to the general purposes
of the University as ordered and appropriated by this
Board.

The Bursar is hereby authorized and directed to receive
the income of this fund from the Treasurer of the said Board
of Trustees and give proper receipt and acquittance therefor,
in behalf of the Rector and Visitors of the University of Va.

Resolved: That the sum of Five Hundred Dollars ($500.00)
is hereby appropriated for the maintenance of the President's
House; especially the heating and lighting thereof.

Resolved: That the legal counsel of this Board is requested
to codify all the statutes relating to the University,
and to suggest such amendments of the laws as are advisable.

Resolved: That the communication of Mr. John W. Fishburne
be referred to a committee consisting of Mr. Shackelford,
President Alderman, and Mr. John B. Moon to report on
to the June meeting of the Board.

In complying with request in the form of a resolution
passed by the Medical Faculty, May 5th, 1909, and presented
to this Board by President Alderman, it was

Resolved: That Physics be withdrawn from the list of
subjects required to be offered by candidates for admission
to the Department of Medicine for the session 1909-1910.

Resolved: That the promotions in the teaching staff,
as recommended by the President, be adopted, as follows:-

William Mentzel Forrest, Associate Professor of Biblical
History and Literature, to Professor of Biblical
History and Literature.

Armistead Mason Dobie, Adjunct Professor of Law to Professor
of Law.

Llewelyn Griffith Hoxton, Adjunct Professor of Physics to Associate
Professor of Physics.

William Harrison Faulkner, Adjunct Professor of Teutonic Languages
to Associate Professor of Germanic Languages.

James Carroll Flippin, Adjunct Professor of Clinical Medicine,
to Associate Professor of Clinical Medicine.

Harvey Ernest Jordan, Adjunct Professor of Anatomy, to Associate
Professor of Anatomy.

Lewis Littlepage Holladay, Adjunct Professor of Electrical
Engineering to Associate Professor of Electrical
Engineering.

John Lloyd Newcomb, Adjunct Professor of Civil Engineering
to Associate Professor of Civil Engineering.

Resolved: That the Bursar be and he is hereby authorized
to make such temporary financial arrangement with the "Virginia
Safe Deposit and Trust Corporation as may be necessary to carry
the University account until receipt of the amounts due from

the "Virginia Trust Company", with their semi-annual settlement
to July 1st, 1909.

Resolved: That the following extract from the minutes
of the Aoumni Board of Trustees of the University of Virginia
Endowment Fund, be entered upon the records of this Board:

"The Alumni Board of Trustees of the University of Virginia
Endowment Fund met at the President's Office, University
of Virginia, May 8th, 1909, in pursuance of order entered at
the meeting on May 7th. Present: Messrs. Alderman, Humphrey,
Hunton and White.

"Every resolution passed, action taken and election had,
as hereinafter set forth, received the assent of each of the
members of the Board present at the meeting.

"After full conference with the President, Rector and
Visitors of the University as to the needs of the said institution,
and agreement with them as to the expenditure of the
income of the endowment fund.

"Resolved, first, that the Treasurer do pay to the Bursar
of the University, the income from the endowment fund up to
July 1, 1909, to be by him applied to the deficit for the sessions
of 1907-'8 and 1908-'9.

"Second, That the Treasurer shall pay to the Bursar, as
from time to time he shall receive the same, all of the income
from the endowment fund which shall accrue from July 1,
1909 to July 1, 1910, to be applied as follows:

(a) Three thousand dollars ($3,000.00) as additional
salary to the President of the University.

                                               

(b) Professorships:
Edgar Allen Poe School of English	$3,300.00
James Wilson School of Political Economy and Political Science,	3,300.00
James Madison School of Law,	3,000.00
James Monroe School of International Law,	3,000.00
Walter Reed School of Pathology,	3,000.00
Andrew Carnegie School of Engineering,	3,000.00
School of Chemistry,	3,300.00
Miscellaneous:
Improvements of Buildings and Grounds,	$1,000.00
W. C. Rives Fellowship,	200.00
Instructor in Law,	750.00
Barbour Page Lectures,	1,100.00
Summer School,	1,500.00
General Library,	2,000.00
Landscape Architect,	250.00
Publications — Philosophical Society,	600.00
Special Appropriations:
Latin School, lantern, slides, etc.,	350.00
School of Mathematics, models, etc.,	200.00
School of Geology,	90.00
School of Economic Geology,	600.00
School of Pathology,	100.00
Schools of Pathology, Physiology, Pharmacology, and Surgery — Animal House,	200.00

(c) The expenses of the Alumni Board of Trustees of the
University of Virginia Endowment Fund, and to the general
purposes of the University of Virginia.

It was ordered that the President of the Board be and
he is hereby authorized and directed to prepare a suitable
memorial to be given to Mr. Andrew Carnegie, in recognition
of his generosity to the University of Virginia.

It was ordered that the salary of R. M. Price, be fixed
at $150.00 per year, and that his position be designated as
that of Office Secretary of the Board, his duties to be the
same as outlined in a former resolution of this Board.

There being no further business, the Board adjourned to
meet at the call of the President.

President.

Office Secretary.

The President's Financial Budget for 1909-'10 was then
presented, and after consideration, was adopted as follows:[See
Pages 14-29 for the President's Financial Budget.]

The rd of page 23 is 14 of this book.
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