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June 25, 1861
On motion said Report was agreed to.
Report of Acting Committee as to value of property of the O.U.
"To the Board of Trustees of the Ohio University,
The Acting Committee make the following report as to the
value of Real and Personal Property belonging to the University:-
Real Campus grounds and Buildings value 80.000 00
Athens Town Lots on which Rent is paid 14.172 00
Athens Township " " " " 25.822 00
Alexander Township " " " " 29.117 50
Personal Library 5.588 90
Philosophical Department 850 00
Chemical " 149 00
Botanical " 10 00
Geological " 245 00
Mineralogical " 650 00
Zoological " 70 00
Conchological " 350 00
Aboriginal Remains 100 00
Paintings and Maps 70 00
Furniture 389 80
Money loaned to the State of Ohio 1897 39
Total $159.481 59
Lots sold on which money has not been paid 521 00
Total value $160.002 59
Respectfully submitted, June 25, 1861.
L. Jewett Chr Acting Com."
The Committee to whom the foregoing Report was reffered
reported thereon as follows:-
"The Committee to whom was referred Mr Jewett's Report
on property etc. have had the same under consideration
and beg leave to state- That in their opinion the system
of keeping exact amounts of the different descriptions of property
belonging to the University- thus commenced- is very important
and should be carried out systematically and accurately in
the future. The Committee are not able (from the limited
time allowed them,) to pass an opinion upon the valuation
of Books and other personal property. They have no reason
to doubt the general correctness of the valuation. It appears
to them that the valuation of the Campus and Buildings
is too high, and they would reduce the valuation of the
same from $80,000,00 to $40,000,00. The valuation of other lands &
property seems to be correct, being the amount on which Rent is assessed.