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• Text is exactly "Under the present organization the annual expenses may be stated as ...,
  Salary of President $3000
  Salaries of 4 Professors 8000
  Addition to income of Terrell Fund 800
  Two Tutors 2000
  Secty + Treasurer 500
  Annual repairs 375
  Salary of Librarian 100
  Servants hire 250
  Printing Postage Music +c 450
  Making total of 15475
  Thus it appears that our annual expenses exceed the probable income by $475. But for the ensuing year, this deficiency will be more than supplied by the interest for fractional parts of the year in sums to be paid an our Contracts as the work progresses and which till due may remain at interest in our Treasurers hands.
  ....."

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