University of Virginia Library

The Carnegie Corporation has upon its books an
appropriation of One Hundred Thousand dollars ($1000,000)
to the University of Virginia on which it is at present paying
interest, all conditions in connection therewith having
been fulfilled by the University of Virginia. If satisfactory
to you, the Corporation will find it convenient to pay
this amount in cash on June thirtieth, together with the
regular quarterly payment of interest. I am sending you this
advance notice in order that you may make what arrangements
are necessary for the disposition of the funds.