Summary of Federal and State aid given to establish higher education in-Cont'd. Indiana University: Lands (Federal) granted on admission and for losses by litigation. Tax for twelve years (1883-1895) of 5 mills on each $100 property, estimated to yield. Grant by State in 1885 for buildings.. Last State appropriation Purdue University: Act of 1862 (Federal) IOWA. University of Iowa: Lands (Federal) granted on admission.. 46,080 Lands, (one-tenth Federal) granted to State as "saline 4,600 1300,000 Old State capitol and 10 acres and $10,000 for new building in 1858. 260,000 Appropriation for buildings in 1864-1866.. 40,000 Last annual appropriation. 76,000 State Agricultural College: Lands (Federal), act of 1862. Act of 1890, capitalized at 4 per cent. 575,000 Gift by State to purchase 640 acres and build in 1858. 10,000 Gift by State of 5 square miles given by Federal Government upon which to build a capitol.. State tax of 5 mills on $100 property, $32,429, capitalized at 4 per cent. 4 165,000 575,000 810, 725 To this should be added various taxes and profits of two banks, amount unknown, for the Transylvania University, subsequently the Agricultural and Mechanical College. This is the portion left after the purchase of "some realty." Summary of Federal and State aid given to establish higher education in-Cont'd. Grant of $10,000, 1879, for five years. Act of 1862 (Federal).. Grant of a site for university.. State University and Agricultural and Mechanical College: Act of 1890 (Federal), capitalized at 4 per cent. Fixed property not subject to annual grant (excluding Tulane University): Value of property Value of productive property. (Taxes were imposed by the colony on imported negroes, Irish servants, and imported food and goods, for county schools. In 1782 an annual grant of £1.253 was given, to Washington College, and in 1784 to St. John's College to the amount of £1,750. The grant to the last college, though "granted annually forever," was refused in 1806. In 1811 $1,000 was given to St. John's College; in 1832, $3,000.) St. John's College: Grant from 1784 to 1897, capitalized at 4 per cent. Maryland Agricultural College: The State Act 1862 (umption of the debts in 1866. Act 1890 (Federal), capitalized at 4 per cent. Fixed property not subject to annual grant: Value of productive property.. Total fixed property.... MASSACHUSETTS. (In the case of this State we are again confronted with the delicate ques- Colonial grant of £400. The proceeds from Charlestown Ferry, £50 to £100, from 1640-1777, when college was relieved of control of ferry and £200 given for forty years, which, and £300 more, was taken out of the new bridge company's receipts, both going to college .... 1 The State assumed $45,000 debts, but reimbursed itself to the extent of $11,250 from the sale of Federal lands, the 1862 act allowing $11,250 for buildings (i. e., 10 per cent). Summary of Federal and State aid given to establish higher education in-Cont'd. State tax on banks, from 1814-24. Massachusetts, Hollis, and rebuilding Harvard Halls (£10,300). Museum of Comparative Anatomy.. Massachusetts Institute of Technology: State grants (including those of 1895-1901). One-third of income from agricultural and mechanical grant (see Act of 1863 (Federal) below) Massachusetts Agricultural College: Act of legislature (State) to increase above fund, one-third income going to Massachusetts Institute of Technology Act of 1890 (Federal) capitalized at 4 per cent (one-third going as above) Last annual grant ($12,000 for building). Fixed property not subject to annual grant: Value of productive property Total fixed property. MICHIGAN. University of Michigan: Lands (Federal) granted on admission to the Union Tax of one-twentieth of a mill on $1, capitalized in 1873 and running up to 1893 Last annual appropriation, including annuities above Tax of one-sixth of a mill on $1, capitalized in 1894 and now in operation. Grant of $6,000 annually, support of homeopathic medical school since 1875, capitalized at 4 per cent (?) 150,000 State Agricultural College: State grant of Salt Spring (Federal) lands. State grant of swamp land (Federal).. Act of 1862. Lands (Federal) granted on admission to the Union.. (Allendowment funds) are reported to this Bureau in 1897 as given Last State appropriation. (In 1897 the legislature increased the tax off of a mill to of a mill, a net increase of $40,000.) Fixed property not subject to annual grant: Lands (Federal) granted to State on admission. (Other section was obtained by an institution now extinct. In 1856 Governor McRae claimed that the State owed the university $1,077,790.07, or, deducting appropriations, $874,324.49. After this this an appropriation of $20,000 was made annually.) Last appropriation.. Agricultural and mechanical colleges: Summary of Federal and State aid given to establish higher education in—Cont'd. Act of 1890 (Federal) capitalized at 4 per cent. Refund of direct tax by Federal Government and given by State. Lands (Federal) granted on admission.......... Lands (Federal) granted for Agricultural and Mechanical College. $543,646 728, 028 1,271,674 46,080 108,700 1332.000 330,000 1332.000 Capitalized at 4 per cent (at date Tax on property of mill, 1873-1897.) 1873).9 800,000 Last aunual appropriation... Fixed property not subject to annual grant: Value of productive property (eventually). Total fixed property. 123.572 650,000 1,000,000 1,650,000 Lands by the State of Vermont in 1785, one ** township" Lands by the State of Massachusetts, 36 square miles in Maine. 4 178,000 374.000 2 Estimating the 136,000 acres yet unsold at the price (37) fixed by constitution. This yielded but $32,000 in 1873, in 1896, $70,000, in 1887, $170.000. This is estimating the unsold land. The actual is $37,000 for the seminary fund, and about $75,000 for the act of 1863 fund. Summary of Federal and State aid given to establish higher education in-Cont'd. State. NEW YORK. Grants to several colleges in lands selling for. Columbia University, formerly King's College: Tax on liquors (Colonial). Grants of land (Colonial). Grants of money by State in early part of century. Grants of land by State in early part of century. Cornell University: Agricultural and Mechanical College: Act 1863 (Federal). Act 1890 (Federal), capitalized at 4 per cent. Establishment of veterinary school by State. (The manner in which Cornell University has procured a large endowment--and how it owes its establishment to the wise handling of the 990,000 acres of lands granted by the act of 1863-is told in a former part of this inquiry. The lands sold by the State yielded about 50 cents an acre; those sold by Mr. Cornell and Mr. Sage yielded about $6.73 an acre. Comparatively few acres had been sold when Mr. Cornell got hold of the fund by a contract with the State whereby he gave 60 cents an acre for the remainder.) The regents of the University of the State of New York: Last appropriation reported (1895) Fixed property not subject to annual grant: Value of property. Value of productive funds. Total fixed property.. NORTH CAROLINA. University of North Carolina: Act 1863 (Federal). Act 1899 (Federal), capitalized at 4 per cent (two-thirds, about, to this school) Grant by State for buildings and grounds Last appropriation 1895.. Fixed property not subject to annual grant: Value of property Value of productive funds Total fixed property... Ohio University: OHIO. Lands (Federal) given on admission.. (These lands were leased for 90 years on a capitalization of 6 per cent of their value in 1802. They were to be revalued every 30 years, but in 1805 a law was passed allowing a lease of 99 years. When the supreme court sustained the trustees in their effort to value the land in 1835 the legislature passed an act explaining the meaning of the act of 1805. This practically gives the 44,000 acres to the holders forever, subject to a rent of 6 per cent on their value of 1805; i. e., $70,000, yielding an income of $1,200. For 82 years these lands paid no taxes to State, but in 1875 the university took advantage of the clause of the act of 1805 allowing it (the university) to add the value of the tax the State relinquished for the benefit of the university to the 6 per cent lease. This was unavailingly resisted by the lessees, and the university now receives about $7,500 annually from the 44,000 acres.) Miami University: Lands (Federal). (The township set-off in the John Symmes purchase). (The same difficulties are here met with in regard to the act of leasing the lands forever on a valuation of an acre, as explained under the Ohio University. The value of lands in 1809 was $93,000, which, at 6 per cent, yields $5.550 annual. The university closed its doors in 1873, but in 1885 the legislature gave $20,000 to repair buildings, and has since given other sums. The land is situated in Butler County a few miles above Cincinnati.) Last appropriation.. State University of Ohio: Act of 1863 (Federal). 630,000 Act of 1990 (Federal), capitalized at 4 per cent Tax by State, one-twentieth of a mill on property, capitalized in 1891 at 4 per cent. Tax by State, one-tenth of a mill on property capitalized in 1891 at 4 per cent Lands granted by State (Virginia military lands) received from Federal Government 1 By management this now is $541,000. 17,000 1340, 906 575,000 2,250,000 12.000 |