19

of 1850-'57, e41 [?]9, and of 1853-4, c33, [?]1, $80,000 was set apart for pri=
mary schools, $15000 to the Univerisym and $1500 to the Military
Institute, VaCode (1860), C 79. [?]4,5.

During the war, an Act was passed by the Richmond
Legislature appropriating $37,500, instead of $15,000, from the rev-
enues of the Literary Fund, to the University, (Acts 1863-4, C20), of
which three half yearly instalments it is believed, were paid.
And one of the last acts of that government was a Statute increa-
sing the appropriation to $75,000, of which of course nothing
was received.

Present Condition of the Literary Fund.
The Literary Fund has been diminished,
but not destroyed by the events of the war. On the 30
September 1863, it appears from Auditor Thomas' Report,
to have consisted of the following investments; viz

Bank of Virginia Stock, 2121 shares, at cost, less
$30 W share, under act of 4 March 1846 $146,832.57

Farmer's Bank of Virginia Stock, 1054 shares, at cost 102,305.75
Northwestern Bank of Virginia 500 shares, at cost 50,000.00
Bank of the Valley 92 shares, at cost 10,134.00
[Fairmont?] Bank 1000 shares, at cost 50,000.00
Old James River Company 225 shares, at cost 96,950.00
Certificates of State, [viz?]

Old Military debt, 6pr cent, par value, [recognized &
confirmed by [?] 1824-5, c29, & 1852-3, C17] $24,039.17
Bank loan 1814, (war of 1812, i.e money originally
lent by the Banks for war purposes, and re-
funded by U States), [recognized & confd.
by Statutes as above], 7pr cent 319,000.00
[?] Commonwealth, (Act 18 March 1856) 50.562.00 393,607,72
Internal Improvement debt, 5 pr ct., par value
$155,200.00 cost 155,750.00