George R. Fairbanks Collection

Col. Isaac Croom

No 185 For the endorsement of a Professorship of Scientific & Practical Agriculture in the Southern University. I agree to give the Trustee thereof the sum of Twenty Five Thousand dollars upon the following terms & conditions, as well as for the uses and trusts here(^in)after enumerated viz. Where the University shall be in successful operation & a demand arises for the payment of a salary to the incumbent of the Professorship I will pay for that purposes the sum of two thousand dollars per annum to be made in two equal semi-annual payments in advance for & during the term of my natural life — Pro. rata deductions to be made when the Chair is not filled. The payment of the principal sum of Twenty Five Thousand Dollars to be paid by my legal representatives after my death & to remain intact & inviolable for a permanent fund, the interest of which shall be applied to the payment of the salary of the Professor, and all interest accruing during the vacancies, shall be applied to augment the principal sum.

In the event that there shall be a dissolution of the Southern University within twenty one years after my death, I give this fund with all its

- accretions to the Trustees of the University of Alabama upon the terms and conditions & for the same uses and trusts upon & for which it is herein before given to the Trustees of the Southern University -

Montgomery, Ala Nov 26 18[59?] signed Is Croom

University of the South [No 185?] Certificate No

Isaac Croom of the State of Alabama hereby makes a subscription in favor of the University of the South an institution duly incorporated under the laws of the State of Tennessee of the sum of Twenty Five Thousand Dollars payable to the Treasurer of said University for the Diocese of Alabama or to his order as follows — Upon the terms & conditions subject to the limitations & for the uses & purposes & no other specified & set forth in a certain paper [donation?] presented by said [Donor?] to the Trustees of the University of the South at a meeting held by them in the City of Montgomery Alabama in the month of November [----?] 185[7?] for the purpose of endowing a Professorship of ^Scientific & Practi[-] [-]cal Agriculture in said Institution & which document is now in the keeping of the Treasurer of the Diocese of Alabama & to which reference is hereby specially made.

signed Is. Croom

Dated Greensboro Alabama This 5th day of January 1859

This note was given to the University by Dr. [?] Anderson of Ala as a Donation & was the price of certain copper stock sold by him to {A P?] Cleveland _ The maker of the note is an Insurance Agent in N.O. and has nothing

Endorsments

The University has no endorsment from t. Crown applicable to it general purposes -

The payments which are received from the Crown or by parliamentary vote are as follows -

Payments formerly made out to Royal Exchequor but now made G O Com: of Wood & Forests: by 3. Will III C. 86. £ s. d. For a preacher or Chaplain, by King Heny. VII. 7. 19. 6 Margaret Prof of Divinity form.d by Marg. Countess of Richmond, Shipond 20 Marks, Kg Heny. VII 11. 5. 2 [Requir?] Prof Civil Law, [??] by King Hny. Viii 34. 18 0 [??] Prof Medicine " " " 36. 0. 0 £90. 2. 8

Payments made to certain Professors formely at of Privy Purse, but now by All Vote of Parliament - £ s. d. Prof Mod. Histy. foundd by. Geo. I. 1724 371, 00. 0 [Con??] by Geo II. 1728 Prof Botany, granted 1793. 106. 00. 0 Grant to the Physic Garden. 81. 10. 0 Reader i Exper Philosy. granted circa 1810. 100. 00. 0 Reader i Minerology, [??] circa 1813 106. 00. 0 Reader i Geology granted circa 1818 100. 00. 0 Prof Chemistry granted circa 1818 100. 00. 0. £952. 10. 0.

The other Revenues for Univy. are desired per the [??] =factions of private persons thy dues & other contributions for Members for University - pp 24 Corresponde in Blue Bk.

Minors Town Demopolis 3000 A.V. Ellerbee x5000 Frank Lyon Old Lady Stratton x3000 G.I. Whitfeld 1000 Wm [?] x1000 Nathan Whitfeld 5000 Wm Wollhote x5000 D. Griffin 2000 Col Price x2000 D. Reese 1000 A. Sheppard x1000 Shedrick 3000 I. Selden From Other Sources 500 D. Langhorn x2000 pr Demopolis 1000 Wm Taylor Sen 3000 W. D. Hamson Greensborough 1000 W.R. Adams x15000 Col. Groom 1000 [?] Winge James [?] x3000 Wm Pickens 1000 David Wings x4000 Wm Randolph 1000 I. Gholson [?] [?] 500 Davison in [?] x5000 Sidney Nelson 1000 Col. Clarke x5000 W. Walles 2000 W.K. DuBoe x1000 Wm Avery Paineville x2000 I. [?] Brothers 500 Th Taylor x1000 Allan Jones 2000 Geo. Taylor x1000 C. Randolph 1000 Wm Taylor [?] x1000 Wm. Withers 2000 James DuBoe x5000 from Miscellaneous 2000 Wm McRae Sources 2000 Col. Borock [?] 1000 Henry A. Taylor x1500 Jude Pierce 500 Collins Able x1000 Max Gowdy x2000 Hamton x1000 D. Rogers

Substance of Reports of Conditions of the Several Treasuries (States) of the University of the South

N. Carolina--no funds whatever

S. Carolina-- no

Georgia: "No available funds on hand"; but the following "Bonds of [L.N. Whittle. $270. Due Oct. 10, 1861 " 256. " " " 1862 " 228. " " " 1864 Stephen Elliott. 150. " May 15, 1861 $904. "

Florida: "Three notes given by G.R. Fairbanks for $1000 each dated Feb'y 14, 1860 [and on?] April 1861. '2 & '3."

Alabama--I will request [Mr. Bell?] to send statement to you.

The preservation of these documents has long been a source of anxiety to me, and their security required guarded silence in the matter of the University.

As to the condition of the subs [note: subscribers] & their willingness to acknowledge the continuance of their commitments, I am unable to report at present. How ever perhaps aware that the notes are (with the exception of $40,000, mortgage Paper given by the late ExGovr Johnson, & of two other notes ) merely personal notes of hand.

It appears to me that until the State of Tenn. is re-admitted into the Union they wd be unwilling to make any further effort, and perhaps it may require a complete restoration of the

Montgomery

[Insolvent1?] R.C Cummings, Threveport - $5,000. - 3 of 400. each * Insolvent2?] Pauline Pickett, [13th?] [?????] - $10,000. - 3 of 800 [-?] * [Lenye] T. Smith, [???????] - $5,000. 3 of 400. Joseph [Phranich], [??????] 4 of 200. $800. - J. H. Hilliard, Grand Lake, [La]. $5,000. - 3 of 400. * Henry Marshall, [????], [a?] $5,000. [?????] Duncan T. Cage, - [????Hotel] $5,000. 3 of 400. * [Wm] Polk, 3 of 200. 600. [3, of 48, 32, 16?]