University of Virginia Library


383

GOOCH, W. L., REQUEST FOR REDUCTION IN AMOUNT OF HIS LOAN AND INTEREST:

The President stated to the Board that Mr. W. L. Gooch, of West Point, Virginia, who had a loan
from Dr. Walter M. Seward during his lifetime, secured on a property at Hopewell, Virginia, had recently
paid off the same, and had appealed to the University for a deduction of $142.50 representing the
commissions which he had paid to dispose of the property in order to discharge the debt. The Board
was sympathetic in understanding the situation, but they felt that they were without legal authority to
remit any part of the principal and interest justly due on the debt.