Degrees Conferred in Course at Cornell University, as reported to the Regents.

Income of the University in a Period of ten years.

YEARS.

Expenditure and Debts of Cornell University in a Period of ten years.

Income from the College Land-Scrip Fund and from the Cornell Endowment Fund, as reported by the Comptroller.

*Receipts in excess of price agreed upon in contract (60 cents per acre).

+ Of this sum $64,440 came from the sale of land-scrip, and the balance from interest. Receipts in excess of 60 cents per acre from sales of land.

In 1875 the capital of this fund was reported as $295,600, of which the principal of E. Cornell's bonds amounted to $179,600, and the principal State 5's of 1875, redeemed, amounted to $116,000.

[Including $32,896.61 added from money of the capital in the Treasury.

The custody of the Cornell Endowment Fund was transferred to the University by act of May 18, 1880.'

'Chap. 317, Laws of 1880.

Voluntary Labor System.

It was undoubtedly an intention of Mr. Cornell that the University which he founded should afford aid in the way of payment for labor done by its students. This has been done to a limited extent, but not in recent years to the amount of the early ones. From a recent publication' it appears that the total amount paid to 1883, inclusive, was $68,301.77, the largest sum being $10,234.98 in 186970, and the smallest $1,410 in 1882-83. A considerable sum has been expended upon the experiment, and it may be regarded as almost a failure.

Printing Office.

From the beginning, and for several years, a Printing office was maintained in the "Sibley building," for such uses as the University might require. Some very excellent work was done at this establishment, and employment was given to several students. This has recently been discontinued, but in the last report of the President, an arrangement is suggested which may lead to a "University Press," under a modified plan. A considerable amount of material is retained by the University, which would be available should this branch of industry be re-established.

FINANCIAL CONDITION.

The Treasurer's Report, dated June 1, 1884, shows the following condition of the funds and property of the University:

Productive Funds.

Cornell Endowment Fund (including Land Con

tracts).......

Sage College Endowment...

Dean Sage Sermon Fund..

College Land Scrip Fund (held by the Comptroller)

Sibley Endowment Fund (held by donor, interest

H. K. White Prize Fund, invested..

:)

Total funds....

Accrued interest to June 1, 1884.

Total funds and accrued interest..

$3,699, 390 92

1" Cornell University, its Condition and Needs in 1884, by James F. Gluck, one

of the Alumni Trustees," p. 17.

Real Estate....

Other Property.

Equipment of Departments and Furniture..

Total property, exclusive of western lands un

844, 834 22 353,047 06

sold and the McGraw Funds now in suit... $1, 897, 272 20

Sales during the year, 4,087.54 acres.

5,089,000 feet of pine from 3,778 acres (land re

served)...

Total sales....

$38,839 00

21, 582 00

$60,421 00

Of the land sold, 1,183.60 acres was pine land, containing 3,340,000 feet of pine, which sold at an average price of $12.37 per acre, or $3.95 per thousand feet for the pine, and $7.25 per acre for the land, and 2,903.94 acres of farm land (having no pine) sold at $8.33 per acre.

The sales of pine (land reserved), were at the average price of $4.24 per thousand feet.

The land remaining unsold, June 1, 1884, consisted of 164,503.19 acres, of which 96,762.8 acres are pine land, containing 287,442.000 feet of pine timber, and the balance, 67,741.11 acres, consisted of about 32,000 acres of cut-over land, and about 35,741.11 acres of farming land, which contained 23,847,000 feet of scattering pine, making total of pine timber, 308,290,000 feet.

The total receipts during the year were.
Disbursements....

Excess of receipts over disbursements....

$330,586 51

24, 507 04

$306, 079 47

The balances on current land and timber contracts amounted to $2,085,004.28, carrying six and seven per cent interest.

Taxes average 93 cents per acre, an increase due to an advance in the assessment of timber lands, which had increased from ten to fifteen per cent, and in many cases to more. The expense of carrying the lands had been 12.98 cents per acre.

66

The Ten-year Book of the Cornell University " (1868–78), give the following summary of occupations of the graduates down to 1877, inclusive:

Dead, 10; total Graduates, 486; total number of Matriculates, 1868-78, 2,403.

Principal Buildings owned by the Cornell University, with the Year when Built, Sizes, Uses and Cost.

1. Morrill Hall, 1868, 165 by 50 feet, 4 stories. Used for offices, lecture and recitation rooms. Cost, $70,111.25.

2. Cascadilla Place, 1868, 195 by 100 feet, 5 stories. Built one-third at the expense of citizens of Ithaca, and the remainder by the University. Used for Dormitories. Cost, $72,010.94.

3. Civil Engineering Building, 1869, 100 by 100 feet, 2 to 3 stories. Used by Civil Engineering Department. Cost, $23,699.12.

4. McGraw Building, 1871, 200 by 60 feet, 4 to 5 stories. Built by John McGraw, and used for Library, Museum and Natural History Department. Cost, $120,000.

5. White Hall, 1873, 165 by 50 feet, 4 stories. Used for lecture-rooms, etc. Cost, $80,

485.16.

6. Sibley College, 1871 and 1884, main building 166 by 40 feet, with extensive workshops. Built by Hiram Sibley. Úsed for Mechanic Arts. Cost, $65,000.

7. President's House, 1871. Built by Andrew D. White, at a cost of $50,000 and used as President's residence.

8. Sage Chapel, 1873. Built by Henry W. Sage, and used as University Chapel. Cost, $80,000.

9. Sage College, 1875, main portion 168 by 40 feet, south wing 125 feet, north wing 85 feet. Built by Henry W. Sage, and used for Ladies' Dormitories and Botanical Department. Cost, $165,000.

10. McGraw-Fisk House, 1882. Built by Mrs. Jennie McGraw. Cost, $210,000.

11. Physical and Chemical Laboratory, 1883. Used for Chemistry and Physics, and cost $85,000.

12. Military Hall and Gymnasium, 1888, 160 by 60 feet and a wing. Used for instruction in Military Science and Gymnastics. Cost, $35,000.

13. Memorial Chapel, 1883. Attached to Sage Chapel. Cost, $20,000.

Besides the buildings above given, there are several valuable farm buildings belonging to the University; while on the campus stand. sixteen Professors' residences, and one Society house. Certain buildings are also "endowed" to the amount of about $200,000.