SALARIES Of Officerers and Prefessors of the A. & M. College of Of the A. & M. College of Mississippi for the Years 500 "Ministers for conducting religious exercises.... "Commencement expenses........... "Coal and chalk for recitation rooms.. 180 170 300 66 Traveling expenses of Faculty to Farmers "Commencement expenses..... "Postage and stationery..... Printing catalogue, reports and blanks.............. 500 180 170 300 400 400 SIR-Herewith is submitted my report as Secretary of the College, embracing statement showing all receipts and disbursements from November 28th, 1885, to November 20th, 1887, under the head of "General Statement," and also separate statements of the Farm and Horticultural Departments. The Legislative appropriation has been expended for salaries, student labor, repairs of buildings, equipment and incidentals. A critical examination of the accounts and vouchers will show that we have practiced the very closest economy. When the extent of the buildings is considered, the amount expended for repairs, $1,605.10, would seem reasonable, and has been barely sufficient to keep the buildings in ordinary condition. One thousand dollars of the amount was paid for repainting the frame buildings in 1886. This was deemed necessary for their protection. We have not spent more for equipment than was absolutely necessary for proper teaching facilities, ($849.50.) Under the head of incidentals is embraced coal and chalk for section rooms, traveling expenses of Trustees, traveling expenses of Faculty when attending Farmers' Institutes, commencement expenses, pay of ministers for conducting religious exercises, etc. This amount cannot be reduced. We have purchased only such things as were absolutely necessary, and in quantities as they were needed. The total amount expended at this College for the two years will compare favorably with that of any institution of the kind in the United States, and on the present basis of attendance of students the institution cannot be sustained on a less amount. The amount expended for student labor has been $9,379.34. The students have not been given as much labor as they wished, for want of means and the difficulty of finding labor for them. Many deserving young men have been assisted by this labor in securing an education, who, without such assistance, would have been unable to attend. The Industrial Departments, (Farm and Horticultural), have been self-sustaining for the past two years. Receipts from Farm Department have been...... Receipts from Horticultural Department...... $9,845 18 9,797 85 2,745 14 2,707 96 The policy of the Board in expending the income from these departments in their expenses and further equipment and development has been carried out. The Farm Department was not well equipped until 1884. The increase in the value of the farm lands, as shown by the appraisements made by Messrs. W. L. Hemingway, Mat Mahorner and M. L. Jenkins in 1883, Messrs. M. L. Jenkins and A. H. French in 1885, and Messrs. John H. Odencal, J. R. Heggie and W. S. Harrison in 1887, was 1883-1885 $8,922.50, and 1886-1887 $5,702.50, making total increased value of land in the four years $14,625.00. The increase in value of property, as shown by inventory, since 1885 is $3,584.51. The difference between this amount and the increase in the value of the land is due to the pure bred stock being inventoried at a lower rate per head than in 1885, owing to the general depreciation in pure bred stock in the country, and also to a lower valuation put upon the orchards and nursery stock. With the accounts will be found itemized statements with vouchers attached, all of which have been examined and approved by the Finance Committee. We have still with State Treasurer $2,333.55, which, with the interest on land scrip due January 1, 1888, will be sufficient to pay all expenses to that date. Attached to statements will also be found inventory of property as appraised by the Committee appointed for that purpose, viz: Messrs. John H. Odeneal, J. R. Heggie and W. S. Harrison. This inventory shows a total valuation of $206,986.35, being an increase of $3,584.51 in the two years. SUMMARY. Since November 28th, 1885, we have received From State Treasurer from appropriations...$50,783 71 interest on land 66 66 66 serip...... Total.... 9,857 50 60,641 21 This amount has been expended for salaries, student labor, building, equipment, repairs and incidentals. Since November 28, 1885, our income has been: scriptions....... Expended for incidentals. From fees for chemical analyses... .....$1,567 32 2,133 00 1,027 68 9,845 18 "students for chemicals and glassware... Expended for apparatus and chemicals for analyses and for students. From farm department (see statement)..... Expended for expenses, further equipment and development. From Horticultural Department (see statement)....... ... 2,745 14 Expended for expenses, further equipment and development. Total income...... All of which is respectfully submitted, $17,318 32 T. F. WATSON, Sec'y. |