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About The Eugene City guard. (Eugene City, Or.) 1870-1899 | View Entire Issue (Nov. 3, 1877)
F Til Ml CITY G A i 1 1 ESTABLISHED FOR THE DISSEMINATION OF DEMOCRATIC PRINCIPLES, AND TO EARN AN HONEST LIVING BY THE SWEAT OF OUR BROW ' rfr--' $2.50 per year IN AO VANCE:.' WHOLE NO. 522. EUGENE CITY, OR., SATURDAY, NOVEMBER 3, 1877. IU tt(jttt (titjj (Suari t. . ALBXAKDEB, W. H. ALEXANDER. ALEXANDER BROS., publishers and Proprietors. OFFICE In Underwood'i Brick Building, . over Crains Jewelry Store. OUEOSU a TBJ9 OF ADVERTISING. alTtlsenents inserted follow. : in nun. It line, or less, one intertion 5i etch mhjeque-.t iasertion IL Cash required In advance Time advertir. will bs charge at the following -..sonars tires months j sixssoaths . - one year " " Tnuient aotiees in local oolama, M oenU per Une r each ineertson. AAvertiein- bill, will be rendered quarterly. Alliobwor nut be f aip ro o pixivkbt. POSTOFFICE. Omee Hours-From 7 a. m. to 7 p. . Sundays Mail arrives trim the south aaJ leaves going north 1 a. m. Arrives from the north an-l leave, going rath at 1:U p. m. tot 8i-.ii.law. FranVlin and Long V 7- o. WeuneaoaT. For Crawford.- ... r u n.wiilA it I P.M. Letter, will be ready for Aeliverv "I"?"' . f traioa. i Lettersahould be left t the office h" PATTE1180N, P. M, SOCIETIES, iw... tnna No 11. A. F. and A. II. Meet, trrt and third Welneaday. in each month. HrKftnt. Brrrra Lodoi No. 1. 0. 0. F. MoeU every Tueclay evening. lEisJtV WlHSWHALA EllCAllPSIKXT I0. , meeU en the Id and t Wednesdays in each monm. A. CARD, To iii who are .uttering from the error and indiseretarmi of youth, nervous weakness, 4c., I will send a reeirie that will cure -you, FKEE OF CHA.11GE. This great remedy was dis covered by a missionary in South America. Send a seTf addreitscd letrerothe But. Joseph T. InJ.an, Station D, Bible House, New York. WELSH II Ad OPINED DKNTAJC ROOMS Permanently in the Underwood Brick, Eugene City, and respectfully solicits a share of the wuhlio patronage. Kefers by permission to J. it. Cardwell, Portland. A. TV. PATTERSON , THYSICIAN AND SURGEON, Mice Nlntsi Street, opposite the St. Charles HsCel, an at' KesUeace, KJGKNB CITY 6KKGON. Dr J. C. Shields OFFERS HIS PROFESSIONAL SER vices to the citizens of Eugene City and announcing country. Special attention given teall OBSTETRICAL CASES and UlER INE DISEASES entrusted to his care. Office at the St. Charles Hotel. DR. JOSEPH P GILL CAN BE FOUND AT HIS OFFICE or res idence when not professionally engaged. Office at the POST OFFICE DRUG STORE. Residence on Eighth street, opposite Presby terian Church. Chas. M. Horn. PRACTICAL G m'SMITJI. ri? i t vt? TV C.TTN'S. RIFLES, and materials.' . Repairing done in the neatest style and W arranted. . Sewing Xf&fchiues, Safes, Locks, tc reiiaired. Guns loahed and ammunition furnished. hop on Ninth street, opposite Star Bakery. Geo. b. dorr'is, ITT0R&! ANB COCKSELLOR AT LAW, Office on Willamette street, Eugene City. Purchasing Agent, B. LAKE SAN FIfANCISCO, CAL, JEWELRY ESTABLIS1IKXT. J. S. LUC KEY, rv i srn TW Cricks, Watcnes, Chains, Jewelry, etc Hi-pairing Promptly Executed. ETAllWark Warranted. j! J.S. LUCKKV, Ellsworth k Co. brick, Willamette Street. M and Stationery Store. rwvjnv ni'TT T)IV(J. EUGENE H Citw- I have on hand and am constantly OPPOSITION IS THE LIFE OF TRADE! SLOAH BROTHERS T-rrTI.I. DO WORK CHEAPER thaa any other IT abratowa. irrmsES SHOD rOR 51 50, ; WrthBesaatsTiU,anraa. Besettiaf oli on f Ceals. All warraateel ! firm alUfaetU". Shop on Elglth St., ppo8i Hum plirey's Staoie. J)R. JOHN HERRBOLD, jrRCIClL M lEtniSICU DEMIST, TJ A3 REMOVED TO RHSEBUEG. Or. wice. to tie eitisenU of that plao. and viciiuty DR. F ST. NICHOLAS, "Tit king of all puhliait.ont iunttl far the young on tuliernde ol the Atlhntic. soulb ainton (KncUn4) Obsnrver. The third volume of this incomparable Hagaiine (a now completed, With it 800 royal nrtavo page., and six hundred illustration., it. splendid serials, it. shorter storie., poem., an t .ketrhea, etc., etc., in its beautiful binding oi red and gold, it the most aplendid gift book for boya and girl, ever issued from the preu. Trice, 1 1 ; lu full gut, S3. ST. NICHOLAS FOR I87T. Which opens with November, ls;A, bevina a short and very entertaining serial from the French, " 1'he Kingdom of the Oreedy," A atory adaptol to the Tlmnkiigiving Katon. Another aerial of absorbing intereat to Doys, ' HIS OWN MASTER," BY J, T. TSOWllllIIKH, author of the "Jack Haaard Htorie.," tn the Chriat ma. Holiday Number. Beiide aerial .toriea, Ctiriatmaa storie. .lively aketclie.,poem and picture, for thehulidara, and aome aatoniahing illustration, of Oriental aportii, with drawings by Siamese .rtista, THE UHR18TMA8 HOLIDAY NUMBER OF ST. NICHOLAS, auperbly illuatrated, contain, a very interesting paper. "THE BOYS OF MY CHILDHOOD," By WILLIAM CtlLLIN B4TAXT. Da not Fail to Buy St. Nicholas for the Christmas Holidays. Trice, 23 tents. During the year there will be Interesting paper, for boy., by Willam CuPen Bryant. John It. Whittier. Thomas Hugbe., William Howitt, Dr. Holland, O.onre MacDonald, 8anford B. Hunt, Frank R. Stockton, and others. There will h. storie., .ketch, and poems of aperial interest to srirla,' by Harriet Prescott Kpfford, Su san Cooliilge, Sarah Winter KTdlogg, Eliiabeth Stu art Phelps, lxniita Aloutt, l.ucretiu P. Hale, Celia Thaxter, Mary Mapes Dodge, and many others. There will be also "TWELVE SKY PICTURES," BY rnor. raorroB, the Aatromer, with maps, showing "The Stars of Each Month," will be likely to surpass in Interest any aerie, in popular acienos reoentiy given to tue public. . ..............M . ... ....:r,. -,'".. .... FCN A XL) FROLIC, and WIT A.SD WISDOM, will lie minurle.1 as heretofore, and St. Nicholas will continue to delight the young and give pleasure to tbe oU. OOOD NEW8 FOR BOYS AND GIRLS. To meet the demand for a cheaper St. Nicholas Gilt-Honk, the price of vole. land II has been re duced to 19 each. The three volumes, in an elegant library esse, are aold for III) (in full gilt, tlJI, ao that all may give their children a complete set. These volumes contain more attiaotive material than fifty dollais' worth of ordinary children's books. Hutiacription price, 3 a vear. The three bound vol umes an I a sulmuriptioa for this year only SIX Sub acrilie with the neaieat newadealer, or send money in check, or P. O. Money outer, or in registered letter, to Scsiunks t Co., 7iJ Broadway, N. Y. ALFRED 1ILEU Has taken possession of the Llickey Livery Stable, And will carry on a GENERAL LIVERY BUSINESS. Horses fed and boarded by the week or day. HORSES A'1 BUCGIE& FOR HIR&- ST. CHARLES HOTEL, EUGENE' CITY, OREGON. MRS. A. RENFREW, : Prop Having again taken possession of the old and well known . ST. CHARLES HOTEL, Which has been newly furnished and refitted, is now open foe the reception of guests. I have fifteen rooms in the FIRE PROOF BRICK1 BUILDING making 50 rooms in all. It is the most cornmo dious and best appointed house in the State south of Salt-in. FREE COACH TO THE HOUSE. A. IIKNFHEW. B. H. JAMES. MANUFACTURER OF TO AXD SHEET IROX WARE, Willamette Street, Eugene City, - Oregosi. Keeps constantly on hand a complete assort ment of Tin and Sheet-Iron Ware, Stoves, Ranges, Pumpi, etc, Repairing done promptly and in the best manner. Positively' Curcil. All aaffTer. from thi. dwXoSe that are anxious to be otiisl. ahould try Dr. HIMiier'a Celebiat ed OHlimpllre Ponder., Tlieae I'ow.ler. ate th. only preparation known that will cure Con- .uinptlou ana an aieae oi ure a ........ -in.lee.1. m atronir ia our faith in them.aud also to convince you that thy are nohumhuir, we will forward to "very .unerer, ny man, po pain, tree) Trial Hoi. a ,i,,n t want vour moncv until yon are perfectly eatixfled ot their curative powers. If your life ia worth eating, don't delay In giving tuew row . . ..-! mm tiip vill anmlv cure voa. Price, for large oox, SJ uo, eu w ii, v United State, o. wnaua Dy man on rroii, pi Aiinm' ASH A ItOBBIXS, 3G0 Foltj Stssjt, Hbooilts, H. Y. FITS EPILEPSY, OR FALLING SICKNESS n..-..H.nil. r-Hred-eiA hnmbos-by ele.raled I lalllble Ml f owdrra. So conviniw .utferera that tiieae powilers will 1o sll we claim lor thrm. we will nd them by mad, pot paid, a frei riai aa. ",r .:, . i. .i.lnu llu.t Laasrer male th'. tle a irw-ial atndy. and as to our knowl-.lw tt-oaaanna have U-n permanently rnrrd by tbe nof these Powders, we will uarantre' a prr- manMS'0!","r," ' ' r monry eipendrd. All auffeiera al.u.i give tliea Powoeraan aariy wu, an uv - " TK'.. M tA or , boxes for l OJ), rst by'ma.1 U. y fmrt. of C.itel 8ut ' oa receipt of poee, or try .xpre-, C. 0. 1. Addreaa, ASH at ROBBI? . K6 Fcltob Btsist, Baocssrs, N. Y. CENTRAL Uial tV av M. BOYD & RENSHAW, Proprietors wia KEEP CONSTANTLY ON HAND. BEEF, VEAL, PORK A"D fliada lard. X IriedMa.arfnii4a I art. fallow, J . .. ... fcMl mil had ia chaaka lewa I to eattta. 4 CEICULTU2AL IMPLEMENTS l all kind, at manie f zur-s nM f znr-s rr f 1. d HDiICJt THE STATE LMTEBSITl'. Report by the Fresldrnl of the Board of Re gents of tbe State University. . To the Governor of the State of Oregon: 1 ursuant to section Id ot the University act, (Ses. Laws, 1876, p. oi), winch provides that: At the close of eai'h school vear. the Pmtl dent of the Board of Regents shall make a re port to the Governor of the State, showing tbe transactions of the Board, the progress, oomli tion and wants of the University ; the number of professors, teachers and students therein, the amount of receipts, disbursements, and such other matters as may be deemed important; I hereby submit ray report to vou for the school year eouing July a, 1877 ORGANIZATION OF TUB SCHOOL. Ia Julv. 187G. the coinminsiooers for the sale of school and university ands, haviiiir, in pursuance ot HtTtiun 11 of the act of Oct. 19, 1872, (Ses Liws 1872, p. 52), accepted the build ing erected at Eugene, Ly the Union Uuiversity Association ot that il;ice, the resents, on Aucust l. lsio. or ganized the University, by the ap pointment of a president and two professtir8 for the collegiate depart ment, and a principal and assistant teacher of the preparatory depart me nt therein ; and uIho the adoption of certain by laws, a copy of which accompanies this report prescribing he salaries of the president, proles sors and teachers of the University, he tenure ot their employment, the duration of the school year, the studies to be pursued thereat, the rates ot tuition, together with the ualificalions for adminsion therein. The professors and teachers ap pointed were J. W. Johnson, pn-si- dent and professor of the ancient lassies; .Mark Buily, professor of mathematici; Thomas Condon, pre ssor of geology aud natural history: Mrs. Mary P. Spillcr, principal of the preparatory department, aud Mi is iiiaiy i. otuutf, ntstiiMittiii. iiiercni. 1 lie school opened on October lb, 876, and closed on July 3, 1877, without any change ot teachers. Up- in the urgent recommendation ot tlie faculty, the regents conseuied to close the school before the expiration ol the full period of 40 weeks, because, - .1.- ....... J,-" as was saiu, many yi me muncnis u sired to return home ut an earlier day than the time prescribed ; and because the contractors tor finishing thobjiild- ng being engaged therein at work, ntert'ered materially with the order and efficiency of.tbe sludirs and reci- ations. My own impression is that ho school year ought not to, com mence before the middle of October when the harvest and the fairs are over, and the youth of the country are ready to enter with the opening ot the school, rather than a month or six weeks afterward. ATTENDANCE. the year the During attendance was as follows : collegia department. Males .' Females Total. PBEPABATOBr department. Males 32 Females 43 Total 75 WTiols No. in attendance during the year. .155 The report of the President of the University does not state the average attendance. Indeed no account ot atleudauce appears to have been kept in the collegiate department. L5ut it i understood that the average was fair. I think some method should be levised and put in practice to secure this information, 'either by chapel ex ercises and a roll c.ll in the morning at which all students and pupils should be required to attend, or a roll call of classes at recitation hours in the collegiate department, aud at the hour cf commencement in the prepar atory department, f he school is yet, and for years may" be, without the cultured surrounding and established ' traditions that compel a certain amount' application and punctuality upon the part of students, ana mere tore it eeemi well tor the time being to provide for some regular aixi orderly assembling of themselves to gether, day by day. under tue direc tion aud observation ol tlie t acuity. COCXTT SCHOLARSHIPS. Thu number of county scholarships in the collegiate department is 90; distributed among the several coun ties in proportion to the number ol members each hain'tbe legislative aasemtlv. Upon theso scholarships there were in attendance in all during the year, 43 strdent. From Lane, 7 : Linn, 5 ; Polk, 4 ; Multnomah, 10 ; Yamhill, o; Lougias,a; atco, a ; Msrion, 1; Jackson, 1; Union, 2; Umatilla, 2; and Washington, 1. STUDIES. In the collegiate department, classes were taughl io Latin, Greek, higher lgebra, geometry, trigonometry, sur veying, calculus, physical feature, physiology, zoology, composition sud rhetoric In the preparatory depart ment, clari were taught in tkuieti ur algebra, higher, practical and menial, iniumeui:, suii""" geegfipby, .location: spelling ar.d mental irithtuetii;. Luglish erarnnmr writing. Is the collegiate depart ment, recitations were heard trom 9 o'clock to 3 o'clock, with a recess of one hour at noon ; while the prepara tory departnont had continuous daily sessions' for both study and recita tions from 9 o'clock until 3., with tbe usual recesses. 1 J Discipline. Accordilif to the report of the President o? the University, a copy of which accompanies this report, "The faculty htve had very little trouble during the year in,, maintain ing discipline, only three cases occur ring. The rules adopted by the fac ulty for the government of students wore lew in number, aud aimed at maintaing gbod morals and gentle manly and lady like conduct oil the part of the students." The profes sors and teachers appear to have done their duty in the premises; and all things considered, the regents are well satisfied with the results of this and somewhat experimantal year ol the school. , RECEIPTS AND EXPENDITURES, The receipts and expenditures tor tbe year have beeu as follows : RECEIPTS. Interest on University fund- Coin, .$3,243 25 . 281 25- Currency T.. (3,520 50 Tuition Collegiate department.. I'rejiamtory " . , Incidental fee .$1,100 50 . 1,735 50 . 282 60 3,184 SO Total receipts 50,711 00 EXPENDITURES. Salaries- Three Professors. ...,?M80 00 .... 1,500 00- Two Teachers.. . $3,980 00 Incidentals Janitor Wood Secretary Chalk, etc Printing Keg-cuts 874 50 142 75 iri oo 30 00 7 00 7 00 711 25 Total expenditures $0,091 25 On October 1. there was due the followiriK named persons for their services during the year, as follows : President Johnson 81,020 00 Pro'essor llailey 600 00 Professor Condon. oOO 00 Mrs. Spillor SOI) 00 Miss Stone 200 00 Janitor 123 00 2,045 00 fokd expenditures and From this deduct receipt... s 0,71100 Deficit for the year. . .'. . .$2,025 25 DEFICIENCY. This deficiency arose io tjiis way : Before organizing the school, appli cation whs made to the Commission ers of the University fund, to ascer- taiu what amount ot interest could be relied upon to meet the expenses for the coining year. Iteply was made, that from k5,000 to $0,000 would be the piobable income ol the fund at least not below $5,000. With this uiiderslamlinsr, the rcgeuts fixed the salaries of the professors and teachers and incurred the incidental expenses above slated. These incidental expenses wero ab solutely necessary, and the number of professors and teachers was as small ai the school could possibly be con ducted with, and lay any claim to furnish a colletriuto education. I he salaries were only fair and rather un der than above what may bo expected to secure the services ot competent persons. lint the actual receipts irom me University fund were less bv $1,973 50 than the average of the Commission ers' estimate $5,500. But even, if the latter sum had been received, the aiujunt realized from tuition tees in the collegiate department, being less than was expected, there would still be deficit of $051 75 for the year. But the University is not liable for this deficit. The contract with the professois and teachers is to the effect that they are to look to the current receipts from interest and tuition lor their compensation, and therefore neither tbe reeents nor the State are iound for any deficiency in this re apect. Yet, it is also understood iuai the interest and tuition coming due iu any one year, is pledged to the pay. i . . . . .i .... ment of such compensation, uuiu ;; such year, whenever collected. COST OF MAINTAINING 8CUOOL. But to maintain this school upon a scale at all commensurate with il claim to be. the State University, it should bae an assured income o' not less than $12,000 a year. With the present tbrce Ol teachers the expa nses during tbe past year hive bees $9, 331J 25. There ought to be at "east une moro professor for tbe modern languages particularly the English and it literature. This ought not to be expected for less than year, though it may Iks aecoinpliehct, alutr a fasiiion, for something less. This added to tlie sum of th present oxtM-naea would make til ,J3C 75. leaving margin ot only $6C3 75 for SEVIXCK or SCHOOL. The only present sources of revenue imr.t on the university m" .ml lukion fees. The Utter illio crease of conrae in amount wiih the it. ni t da ai liKo!. bat it is thought - i , tb.t the rrefeul rale ftt "bol.r cau not be advanced without .fleeting tho attendance unfavorably. UNIVERSITY FUND. . The univotsity fund is derived from the sales of the 72 sections ot and granted by congress ''to : aid in the establishment of a university" in Or egon, by J 10 ot the Donation act of September 27, 18;0 (9 JStat;, 497), and $ 4 of the act of July 17, 1854, amendatory thereof (10 Stat., 305), which graut was repeated or oou tirinod "for tho uso and support of a State University," by $ 4 ot tho act of February 14, 1859 (11 Stat., 383), ad putting Orogon into tho union, (s'ee Or. Laws, pp. 67, 73 and 10:'). ORANT OK LANDS TO VNIVISITY. This munificent grant of 40,0S0 acres of land made aud mostly se lected in Willamette valley, more than twenty years ago, (Or. Mess, and Doc, pp. 17 and 49) ought long before this to have been disposed of to the highest bidder and tt.o pro ceeds placed at interest. By this means tho fund arising therefrom would now in nil probability exceed $200,000. But in providing for the disposition of the grant tho legisla ture seems to have acted upon the idea that it was made to promote the colonization of tfie country, not by the establishment of an institution of learning therein, but by the snlo ot lands to actual settlers, in limited quantities, and at nominal prices. llierefore, the sales were hampered with restrictive conditions as to quan tity, use, settlement and the like, so that less than one halt tho land has been thus tar disposod of ; and that in ell'eut to the lowest bidder rather than the highest, and for tho use and benefit of liio purahasors, rather than tho university., 8AI.S Or LANDS. From a statement furnished by the clerk ot Board of Land Commission ers, it appears that up to Sept. 20, 1877, there wore 17,064.70 acres of this land sold tor $38,004 00 being a trautlou over nn average of $2 11 per acre. This land, it must bo re membered, is tho best of the grant. Probably the most of it is fully equal to the average of the Willamette val ley, and ought, under any good busi ness management, to have bronuhl at least $10 per acre. Within the p int throe years, the Or. & Cal. rail way company have sold 52,000 acres of its (and grant for an average of $2 50 per acre. But the railway grunt being much later in date and selection than the Uuiversity one, is of much less value per acre. Besides the railway company has reason to dispose of its lands at a comparatively low figure, so as to promote immi gration and settlement, because there by tho business ana value oi tno roan . ' .. . . i rL i . l. is directly increased, it is io u hoped that the next legislative assem bly will take the necessary steps' to secure the sale oi tue remainder oi this grant to tho highest biddor, and in any case for nolless than $2,50 per acre. ' UNIVERSITY FUNDS. From a statement furnished by the State treasurer, it appears that on Sept. 19, 1877, the, condition of the fund realized from the foregoing sale was as follows: In the cuntody of the treasurer notes aud cash to Jie amount of $41,279 90, of which $0,300 85 is incur.eucy, ana fuji i is in cuu. Besides this, it appears from the tilos of the treasurer's office that on Au gust 15, 1874, thero was delivered to the secretary of State for collection notes for this fund, secured by mort gages, as follows: A. D. Babcock, $500, date July 15, 1871, interest paid to July 1,1873; A. Myers, $10, 000, dales Oct. 7, 1871, and Nov. 14, 1871, interest paid to July 1, 1872; Jose pb and Estelle Kellogg, $V 994 75, dale January 1, 1873, 1 0 in terest paid, upon which the secretaiy states decrees were obtained, fore closing the mortgages and author izing the sale ot the property. But it does not appear that so far any money has been made out of these securities. The principal of. these ihrea loans amount to H,4J io, ...t t'mm what lean learn, it is doubt f,.i it that . ii m can now be realized irnm iha sale of the property;- while ilinnnid interest, which mounted on the first of last July to $9,807, is in that view of the matter, wboiiy In addition to these, since th ad journment of the Ust legislature, the following- notes secureu uj uiv.. tfn:ff have been by the treasurer oi State placed in the hands of attorneys for colleelioo, but It does not. appear wbst troj;rs, if ny, has been maae ;n thJ matter: T. B. Bicker $2,000 date April 11, 18(i6, iuterest paid to Jan. 1, 1874; Arthur and-Bridget F.I.I.. 82.000. date April 29. 18i2, in r.ai.l to Jan jjrv 1. 1 -7C. No v i v mw y- - " a . r-. ,ii ia eivco wbv ihe interest in rrear opou these two loans, which .mounted last July to $1.0o0, has .lot tie.n 411 lli-.tte,l: and the probability is, . i. -i : .1.,. ..l iu mm that thu L-nri, . if now insutGiieut fcr the psyoK'nt ol tie principal, arrtsre interest and the costs of foreclosure. No provision appears to havo beeu made iu any loau of this fund for the payment ot a'n attorney's foo by tbe borrower iu default of payment, aod in case of collection by legal pro ceedings, and thereforo this expense must tall upou tho fund. v But this leak has been stopped by section 20 of the new University act, which provides that the borrower' shall in all rases pay such fee, ia case ot foreclosure. , 1 ' ' The whole amount of this fund upon which the interest is in dfault is $23,871-80, and tbe amount of such default on the first of July last was $10,025 40. Of this sum, at least $8, 672 is doubtful or bad. , . . NUMMARY OF FUND. From these tacts tho present con dition of this' fund may bo summar ized as follows: Cub. I 2,050 41 Notes paving interest 2t,D.H 41 " not .. 11,378 12-41,279 4 In the hands of Secretary for collection: : Notes with mortgages J1S.404 75 Interest due: on same 10,025 40-129,120 15 In the hands of tlie olerk of B. of L. Corns : Notes for puivha. mojioy.. 1,3113 02 In the hands of oouuty treasurers i Cash for loan 4,470 00 $70,203 71. Deducting the item of interest iu arrears from this amount, ana tue nominal principal ot tl.e fund appears io bo $75,018 31; but of this sunt $18,491 75 is in suit, and probably not more than $10,000 of it will be realized. Doduoling then $3,494 94 . from this sum as probable loss, there will remain $57,143 66. But besldo" that portion of the fund in suit iutei est is in arrears on over $11,000 of this sum, and the reasonable inference from this fact is that the soourity it ' not good. Deducting at least $2, 143 5G for probable loss in this re spect, tho actual principal of tho fund, which can be relied on to produce na income for the Univorsity is $55,000. MANAUMKNT OF THE FUND. Any portion of ibis fund in tb hands of county treasurers ought to bo called in at once. All loans, upon which interest is in arrcar, ought to be collected without delay, and as soon as three or five thouimnd dollars are1 in , the treasury, publ'm notice1' ought to bo given of that fact, so tbbt it may be loaned "without lavor or affection.' ' 'i, This fund is a sacred trust. It wa given to the State by Congress, not tor tho improvement ot any town or the county or tho convenience ot in dividuals, but tho support ot uni- versity. Therefore iu tho munagi mont of it regard should first bo had tc its security and productiveness. As soon as default is made in the payment of interest upon loan it should be collected without nny con sideration for the circumstances or oondition of the borrower. The State or individuals may bo generous with their own money, but as has been said, this fund is a sacred trust which no one has any right to experiment witbj or put in peiil for any reason. Many of the youth of Oregon are looking forward .to this fund as a moans of onabling thein to overcomt ' the barriers of obscurity and ignoi anco which bar their progress, and go forth into tho arena of life furnished with the personal power ot culture and inteliigenc-0. If, by the neglect or uufailhtulusss of those entrusted with its custody and management, they are deprived of this benefit, it ' wilt bo another uulavorablo cofnmeu. tary upon tho unfitness ol popular governments for the management of pecuniary trusts. AOKILTLTUUAL HOLLKUB OKA NT. Take, for instance, the grant for an agricultural college. What a win meaaare it would uuye been to nave united this grant ot 1)0,000 acres with the one Lor a university and thus hare made one complete and well endowed institution.. An agricultural college is but a constituent part of the Mate University. But the usual subser viency to the selfish "nhrieks of lo cality" and the common course of po litical expediency bav led to the d'. ' vision of tbe funds aud the establish ment of two independent and insul ficieully supported schools, only forty ' M It .1 miles apart; ana u ior me purpura primarily of promoting tbe success of party and the local interests ot two Oregon towns, rather than the cause of education. . CNITIbSITr BUILDINGS AND O ROUNDS, The university tuild'iDg, as accept e! by the commissioners, bekg alto gether unfurnished and except upon the first floor, unfinished, it was nec essary to provide funds for that pur pose. ' Sufficient mooey aod creJit was furnished to tbe regents by the public spirited citizen ot Kugene, to turnioli the first floor, and enable thtro to open the school therein on October 10, 1876, as above stated, with th expecta-.ion that the staisj would provide the necessary funds as soon si lezbJaiin could be bad. The original act uroi i'liit'' tins' lor the estao- ', lisbuient of tLe University at Eujcur, otj (CunJadeJ oa fcnrth pvj. ) k ail th bras seas ot til projasaion.