Report on the Transylvania University, and lunatic asylum

Treasureer, do. 166 00 Clerk, 24th do. 50 00 - 1,571 00 Amount claimed by Mr. John Brown for salary from the 27th July until 11th August, 24 65 Receipts from the 1st of December, 1823 until 1st of September, 1824 viz: From Charles Humphreys, Esq. ex'r. of Joshua Humphreys, late Treasurer, 688 38 For tuition in college proper, 3,986 74 do. Preparatory department, 688 91 From students for fines imposed, 55 25 For fine and forfeitures, 547 70 Rents, 54 33 From Bank of the Commonwealth, part of the Legislative donation, 3,400 00 From Bank stock, 1,716 00 - 11, 137 26 Balance in favour of the University, 94,386 69 ----- $112,895 69

1824, CREDITOR. Sept. 1. - By real estate, viz: University lot and buildings, estimated at $50,000 00 Green river lands, estimate at 6,000 00 Three small escheated lots in Lexington, estimated at 1,000 00 Fifty acres of land (leased) in Fayette, recently sold for 450 00 - 57,450 00 143 shares of stock in the Bank of Kentucky, at $90 per share, $10 on each having been received, 12,870 00 Libraries and apparatus, estimated at 20,000 00 Balance to be recieved from the Branch of the Bank of the Commonwealth, of the Legislative donation, 2,331 37 Old outstanding claims, per list, 9,106 63 Disbursements from the 1st of Dec. 1823 until 1st of Sept. 1824, viz: Paid to Professors, &c. 4,389 72 To sundries, (including $1,918 36 paid in Bank,) 3,662 52 Interest and premiums, 2,947 80 Cash in the Treasury, 142 00 - 11,137 26 --- $112,895 26

The committee on the part of the Legislature having called on the Trustees of Transylvania University for information relative to the situation of the institution generally, and more par-

ticularly as to its fiscal concerns ; in conformity with this requisition, the board of Trustees appointed the undersigned committee to lay before the committee of the Legislature, the monthly accounts and vouchers, and the general account of the Treasurer, from the 1st December, 1823, until the 1st of September, 11824, which were examined by said committee, who desired a transcript of the general account to be furnished to them, which is stated above, including also the stock account. From which it will be seen, that the stock of the University is as follows: Real estate 57,450 Library, &c. 20,000 Bank stock, 12,870 Due from the Bank of the Commonwealth 2,331 Old debts, (these are of little value,) 9,106 Besides, the Morrion donation is 20,000 --- $121,757

There yet remains due to the United States, Bank $5,775, which will in part be discharged by the balance stated above due from the Commonwealth's Bank. The current expenditure for law books is evidenced by the accompanying exhibit, marked H. which we wish taken as part of this report.

The expenditure of the present year, will be as follows: The President's salary, in Commonwealth's paper, $3,000 Professor of Mathematics, ($1,000 specie,) 2,000 Professor Roche, 1,200 Principal of the Preparatory Department, 800 Librarian, 300 Clerk, 200 Treasurer, 200 Porter, 150 --- $7,850

The resources to meet the expenses are as follow: Say 100 Students at $60 each, $6,000 20 Preparatory Department, 800 Morrison donation, 2,000 ---- $8,800

Balance in favor of the University, $950, to meet contingencies, discounts &c. and it is believed the number of students as usual, will be greater in December. We refer to President Holley's report, and beg it to be recieved as part of this report.

E. WARFIELD, JOHN TILFORD, CH. HUMPHREYS. THOMAS BODLEY,

H.

Law Department with the Treasury in account current Dr. 1824 Jan 15. - To cash paid Leslie Combs, in part of William T. Barry's claim, in specie, $229 00 29. - To do. paid do. for do. specie $60 22 Paid advance of two for one on 36 56 36 56 --- 96 78 April 7. - To do. paid do. for balance of William T. Barry's claim, viz: in specie, 16 21 Currency at two for one 163 70 --- 179 91 To cash paid W. W. Worsley in part of his account, in currency, 111 50 July 7. - To cash paid James W. Palmer, specie, as per voucher No. 80, 109 20 To balance in Specie, 38 45 --- $765 84

NOTE. - The department is indebted to B. Gratz, Esq. in specie, about the sum of $61 00 To W. W. Worsley, balance in currency, 41 00 ---

1824, CREDIT.

Jan. 14 - By cash recieved from Thomas Anderson for tax on sales at Auction, for the quater ending on 31st December 1823, in specie, $229 00 29. - By cash recieved of do. for do. for balance of quarter ending 30th September 1822, viz: in specie, 23 66 Currency, 73 12 - - - 96 78 April 7. - By cash recieved of do. for do. for quarter ending 31st March, viz: in specie, 16 21 Currency, 275 20 --- 291 41 July. - By cash from do. for do. for quarter ending 30th June, in specie, 148 65 --- $765 84 --- By balance per contra, in specie, $38 45

I.

LEXINGTON, NOV. 11, 1824.

Gentlemen:

In your report of yesterday, we percieve in the stock account this item: "Old debts, ~(these debts are of little value,) $9,106." Be pleased to report the true situation of these debts, how they were created, whether they are based on notes or book account, and why they have been lost to the University. Respecfully, T. D. CARNEAL, Ch'm. To the Committee of Finance, T. U.

LEXINGTON, NOV. 11, 1824. Sir: In answer of your note of this day, relative to the item of $9,106 of old accounts, the committee state, that a very small proportion of that sum is actually due. The present Treasurer being directed to report the condition of the monied concerns of the University, went over the former Treasurer's and Steward's books, as far back as fifteen or twenty years, and trauscribed the balances as they stood, not knowing (what was the fact) that most of them were charges made by the former Treasurers and Stewards, of payments made to persons to whom the University was indebted, and in whose favor the proper credits had not been entered. This fact was not known to the present Treasurer, but was to many members of the board, and appaears from the papers and proceedings of the institution; and when the Treasurer's report came before the board, there was an order made, that the Treasurer and Clerk should go over the books and give each account its proper credit. The account rendered was the Treasurer's annual report; it having been made out including the list of old debts, could not conveniently be changed, and was, therefore, laid before your committee in that shape.

There is about $2,000 of old debts actually due the institution. $1,000 of which, is a note of Paul Skidmore, deceased, late of Louisville; the rest are old notes and open accounts of several years' standing, but few of which are likely to be collectd. - Some of those debts have been lost by insolvencies, and some by removals and lapse of time.

The organisation of the institution at this time, will, in future, prevent any like occuraence, as there is no credit now given. E. WARFIELD. JOHN TILFORD. CH. HUMPHREYS. THOMAS BODLEY. Committee of Finance.

T. D. Carneal, Esq. Ch'm. &e.

L. To Thomas D. Carneal, Esq. Chairman of the Committee of the General Assembly, appointed to enquire into the state of Transylvania University. The board of Trustees of Transylvania University, to whom the communication from the Committee of the General Assembly was made, requesting to know the cause of the "diminution of the number of students in the Law department, since the last annual report," and "what measures are necessary to restore that department to its former respectability and usefulness," report: That the resignation of Professor Barry occasioned much

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solicitude on the part of the Trustees of Transylvania University, to fill the vacancy, by appointing one of the most distinguished persons of the profession in the state, who would be likely to act. Accordingly, on the 12th day of July last, Judge Boyle was unanimously elected, and the chairman of the board was requested to make that communication to him, which was don; but by a mistake in addressing this letter, the information was not given to Judge Boyle. After waiting a considerable time for his reply, it was not until some time in August, that Mr. Clay, a member of the board of Trustees, reported that he had verbally informed Mr. Boyle of his appointment, who stated to him, that although he had not received any official notice of his appointment, from the chairman, he, Mr. Clay, was requested to inform the board, that he, Mr. Boyle. could not accept the appointment, as he conceived it would interfere with his other official duties. At a meeting of the board of Trustees on the 20th of September, the subject of filling the vacancy in the Law department, was again discussed, without coming to any decision. In this state of anxiety and uncertainty, and without the knowledge or approbation of the board of Trustees, notice was given in the public newspapers by Professor Bledsoe, dated the 20th September, stating, "it was expected that a regular Professor of National and Civil Law, would have been procured; but this expectation has not been realized. The undersigned Professor will have, therefore, to perform the entire duties of the department, unless, as he has hopes of doing, he shall be able to procure an assistant, competent to discharge the duties pertaining to those branches." This publication was considered by the Trustees as being premature, if not highly indiscreet, on the part of Professor Bledsoe. It was inserted in two or the papers published in Lexington, and no notice was taken of it ; the Trustees still entertaining a hope that a suitable and permanent appointment could be made, before the commencement of the lectures. In this they were disappointed, until a few days before the duties of the Professor were to begin. At the solicitation of Professor Bledsoe, the President of the University consented to render his assistance, by undertaking the department of "National and Civil Law and Political Economy." The Trustees, therefore, state, that in their opinion, the "diminution" of the number of students in the Law department, has been occasioned (among others) by the want of a sufficient number of competent Professors in that school, and the frequent changes, by resignation, even in that too small number. The trustees are further of opinion, that if the number of Professors was increased to three or four, and men of correct habits. possessing the requisite attainments and industry. could be induced to accept, who would devote their time to the object of instruction,