.MTk4.NDUwNTk: Difference between revisions

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est at six per cent. is $515,000. giving an income of $30.900. Of this the Bill provides for expending in the purchase of a Library $25.000 Leaving only $5.900. for the salary of the Secretary and a [[unclear]] of assistants which would absorb it all; to say nothing of the "objects of natural history and chemical laboratory, a gallery of art, and the necessary lecture rooms." All which are provided for "on a liberal scale." These including the necessary Lecturers would absorb at least another $25.000. per ann. Last of all in this enumeration, but first of all in fact, the Board of Regents are to be reimbursed for their expenses. There is another indefinite amount which may stop at $5000, or run up to $50.000 - if the finds should hold out. Having thus cut out
est at six per cent. is $515,000. giving an income of $30.900. Of this the Bill provides for expending in the purchase of a Library $25.000 Leaving only $5.900. for the salary of the Secretary and a [[unclear]] of assistants which would absorb it all; to say nothing of the "objects of natural history and chemical laboratory, a gallery of art, and the necessary lecture rooms." All which are provided for "on a liberal scale." These including the necessary Lecturers would absorb at least another $25.000. per ann. Last of all in this enumeration, but first of all in fact, the Board of Regents are to be reimbursed for their expenses. There is another indefinite amount which may stop at $5000, or run up to $50.000 - if the finds should hold out. Having thus cut out a plan which if carried into effect would require from Sixty to a hundred thousand dollars per annum, The ninth section then provids that if anything should remain of the little pittance of $30.900 it shall be competent for the managers to apply the balance whatever it may be to "the promotion of the purpose of the Testator. What can equal this Could political profligacy exceed this? A sacred fund devoted to the increase and defusion of knowledge among men is thrown into the mass of party spoils, Troops of officers and employees must be paid -- a library and museum may be created -- & if anything should remain of that which has been twice

Latest revision as of 15:28, 23 March 2020

est at six per cent. is $515,000. giving an income of $30.900. Of this the Bill provides for expending in the purchase of a Library $25.000 Leaving only $5.900. for the salary of the Secretary and a unclear of assistants which would absorb it all; to say nothing of the "objects of natural history and chemical laboratory, a gallery of art, and the necessary lecture rooms." All which are provided for "on a liberal scale." These including the necessary Lecturers would absorb at least another $25.000. per ann. Last of all in this enumeration, but first of all in fact, the Board of Regents are to be reimbursed for their expenses. There is another indefinite amount which may stop at $5000, or run up to $50.000 - if the finds should hold out. Having thus cut out a plan which if carried into effect would require from Sixty to a hundred thousand dollars per annum, The ninth section then provids that if anything should remain of the little pittance of $30.900 it shall be competent for the managers to apply the balance whatever it may be to "the promotion of the purpose of the Testator. What can equal this Could political profligacy exceed this? A sacred fund devoted to the increase and defusion of knowledge among men is thrown into the mass of party spoils, Troops of officers and employees must be paid -- a library and museum may be created -- & if anything should remain of that which has been twice