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been stimulated by the belief that the people would not tolerate it in their technical university. Surely they ought not to do so. The pride of the people of the State will not be satisfied with anything less than the best.

Now all this costs money, and will continue to cost money. I have tried to show in this report that very large and valuable results have been obtained from the expenditures that have been thus far made for the benefit of the University. I have also shown that the amount of money spent upon Purdue is comparatively small, and when it is remembered that of the actual cost of Purdue the State has paid and is paying less than one-half, it will be realized that, in the establishment and maintenance of the institution, the State has made a good investment.

In view of all this, is it not reasonable to expect that the people of the State will be willing to accord to the University that generous support which it has hitherto received.

JAMES HENRY SMART,

President of the University. October 1, 1998.

TREASURER'S REPORT.

As Treasurer of Purdue University I hereby submit my report of moneys received during the year ending June 30, 1998:

From the State of Indiana, interest on State bonds.... .. $17,000.00 From the State of Indiana, July and January installment edu(ational institution tax

65,374 81 From the State of Indiana for Farmers' Institutes.

5,000 (0) From the State of Indiana, part of $3,500 appropriated 1897 for repairs

3,186 98 From the State of Indiana, part of $10,000 appropriated for engineering department

8,214 39 From the State of Indiana, part of $5,000 appropriated for electrical engineering

4,881 10 From miscellaneous sources

23,152 98

$126,813 62

Also from the United States Government, ninth installment

Morrill Fund

$2:3,000 0

J. M. FOWLER, Treasurer Purdue Unirersity.

TOTALS IN GENERAL, MISCELLANEOU'S, ENDOWMENT AND MORRILL FUNDS,

JUNE 30, 1898.

Debit.

General Fund-- Received of State Auditor.
* Miscellaneous Fund- Balance June 30, 1897.
Miscellaneous Fund- Received during year.
Endowment Fund Received of State Auditor..
*Endowment Fund-- Balance June 30, 1897...
Morrill Fund-Received of Government..

$05,374 81

1,:3S, 1.7 2:3, 1.72 08 17,000 00

17 51 23,000 00

*Liabilities in the above funds, $6,309,30.

Credit.

$73,791 52

3,391 15 7,130 744 3,540 11 4,788 82

4,010 29 4,005 00 3,075 755 3,031 S2 2,870 00 2,050 36 1,280 70 1,299 07

Salaries of Instructors ...
Supplies, including chemicals, lumber, iron, steel

and general supplies
Apparatus and new machinery
Care of buildings
Heat, light and water....
Improvements to buildings, grounds, walks,

fences, etc......
Addition to engineering laboratory.
Employes
Labor
Engineers and firemen
Care of grounds ....
Books and periodicals
Catalogues, stamps and envelopes.
Express, freight, and hauling of coal, machinery

and supplies ......
Lectures, including short course agriculture.
Repairs ....
Commencement, including tent and diplomas...
Insurance
Printing and stationery
Agricultural leaflets
Furniture and fixtures.
Postage
Advertising
Test of balanced locomotive.
Rebate of fees
Traveling expenses
Publications
Trustees
Telephone
Lire stock
Trips of inspection
Securing faculty
Telegrams :.
Miscellaneous

* Balance

1,061 68 1,016 59

989 57 981 23 985 00 868 96 834 72 710 26 711 41 606 95 599 82 106 56 379 51 253 13 201 85 129 50 65 00 61 80 34 01 25 12

26 50 4.677 35

Totals

.$135,930 88

$135,930 88

*Liabilities against above balance...

$1,133 89 I hereby certify that the above is a true report of receipts and expenditures in the funds mentioned.

E. A. ELLSWORTII,

Secretary Board of Trustees.

FARMERS' INSTITUTE FUND FROM OCTOBER 31, 1897, TO JULY 1, 1898.

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I hereby certify that the above is a true report of receipts and expenditures in the Farmers' Institute Fund.

E. A. ELLSWORTH,

Secretary Board of Trustees.

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The above is a correct statement of expenditures from the specific appropriation for Engineering Department.

E. A. ELLSWORTII,

Secretary Board of Trustecs.

SPECIFIC APPROPRIATION FOR ELECTRICAL ENGINEERING.

$5,000 00

Amount appropriated
Amount received and expended up to July 1, '98,

for improvements, machinery and apparatus.

Balance due ...

$1,884 46

115 51

Totals

$5,000 00

$5,000 00

The above is a correct statement of expenditures from the specific appropriation for electrical engineering.

E. A. ELLSWORTII,

Secretary Board of Trustees.

APPROPRIATION FOR REPAIRS FOR YEAR ENDING OCTOBER 31, 1898.

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The above is a correct statement of expenditures from the specific appropriation for repairs.

E. A. ELLSWORTII,

Secretary Board of Trustees.

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