vested funds, $71,258.05 from interest on deferred payments of land purchases, $55,884.83 from leased lands, from privileges, and from miscellaneous sources, and $4,877.76 from direct appropriations to make up the difference in interest from investments at less than 5 per cent. COLLEGES. Of the colleges benefiting under the act, Kentucky, Mississippi, South Carolina, and Virginia divide the income between an institution for whites and one for colored students. With the exception of Massachusetts, which divides the fund between two colleges, each of the other States maintains one college or university to receive the benefit of the fund. Nineteen States have created and maintain independent colleges of agriculture and the mechanic arts while also maintaining State universities; in each of 21 States the college of agriculture is a part of the State university; seven States do not have State universities. Massachusetts has a State agricultural college and aids a private foundation-Massachusetts Institute of Technology-with part of the fund; it has no State university. Ohio has three universities aided by the State, but has officially recognized Ohio State University, comprising the college of agriculture, as the State university. In Georgia the agricultural college is legally a part of the State university, but actually is almost autonomous. In Montana the agricultural college has a separate name and management, but is by law one of the component parts of the State university composed of all the State-supported institutions of higher learning. The oldest institution is Rutgers College, New Jersey, founded as Queens College in 1766, but this is a private corporation. The oldest State institution is the University of Tennessee, established as Blount College in 1794 and as East Tennessee College in 1807. The oldest independent State college of agriculture and mechanic arts is the Michigan Agricultural College, established February 12 1855, and opened on May 13, 1857. 1 Interest on deferred payments included. 2 Details were not available. 3 Some interest on deferred payments is included with interest on investedfunds. 4 Some income from leased lands included with interest on invested funds. 5 Of this total, $29,778.40, 10 per cent of the total issue, was used to purchase land for Massachusetts Agricultural College. Board of regents authorized to transfer funds to cover deficit in interest. 7 $5,000 of this capital was used to purchase land for the A. and M. College. 8 $43,886.50 was used to purchase land. 9 Ten per cent was used to purchase land. 1 Georgia State College of Agriculture. 2 School opened in 1859, college on Mar. 17, 1869. Bluemont Central College opened in May, 1860. Massachusetts maintains one State agricultural college and aids the Massachusetts Institute of Technology, a private foundation. Harvard University, also a private corporation, takes the place of a State university. Rutgers College is a private foundation but is aided by the State and is the official State college of agriculture. While Cornell University is a private corporation, the State aids in its support and management; it is therefore considered as New York State's land-grant university. Ohio State University is the officially recognized State university and includes the college of agricul ture. Ohio also has created two other State institutions, Miami University and Ohio University, and aids them with State funds. Corvallis College, opened in 1865, became Oregon Agricultural College in 1885, |