THE STATE OF INDIANA,

GOVERNOR'S OFFICE.

Received January 4, 1881, and referred to the Auditor of State for a verification of the financial statements. Returned by him certified as follows:

OFFICE OF AUDITOR OF STATE,

January 11, 1881.

The financial statements embraced in this report, so far as they relate to cash drawn from the State Treasury, are correct.

M. D. MANSON,

Auditor of State.

This report, having been examined by the Governor, is now delivered to the Secretary of State to be filed and printed, subject to the direction of the Board of Commissioners of Public Printing.

SIR-The Trustees of Purdue University have the honor to submit the following report for the college year ending June 30, 1880, with the Treasurer's report for the fiscal year ending October 31, 1880:

The report of the President of the University, with the accoming reports of the several departments, gives full and gratifying information respecting the progress and condition of the institution; also a classified statement of receipts and expenditures for the college year.

The report of expenditures is made from the registry record, which shows the purpose and department for which each payment is made. The Treasurer's report covers the fiscal year ending October 31, 1880, and hence does not represent the receipts and disbursements for the college year. The manner in which the accounts of the University are kept, has been explained fully in previous reports. Three records of disbursements are kept-one by the Registrar, one by the Secretary, and one by the Treasurer; thus securing accuracy and system.

The Board of Trustees take pleasure in calling attention to the increasing prosperity of the University, and especially to the promising beginning made in practical training in agriculture and the mechanic arts-the great industries for the promotion of which the University was founded and partially endowed. These new departments, opened in 1879, complete the organization approved by the Trustees in 1876, and make the University in reality, as well as in promise, a “College of Agriculture and the Mechanic Arts." The Trustees believe that the institution is on the right basis, and is working in the right direction, and they have increasing confidence in its complete success. The progress made in the past four years is a gratifying assurance of great usefullness in the future.

The Trustees also take great pleasure in reporting that for the past two years the farm has paid expenses and has a balance to its credit. At the opening of the institution the Board followed the example of several of the older Agricultural Colleges and created the office of farm superintendent. There was an unfavorable balance against the farm from the first, and after a fair trial of the plan, it was abandoned. The office was abolished in October, 1878, and the present plan of managing the farm under a committee of the Board was inaugurated in March, 1879. The farm has since paid its running expenses with a good balance in its favor. The design is to make it a model farm-a farm managed on both agricultural and business principles.

It is a matter of gratification to the Trustees to be able to certify to the admirable management of the business and educational interests of the University, as far as they have been in the charge of President E. E. White and the Faculty of the institution. They have done all that could be hoped and desired. All departments of management have been systematized to the entire satisfaction of the Trustees. All books and accounts are in a shape for ready inspection by the authorities of the State, or any party desiring information. As regards the educational development, the Trustees express the utmost satisfaction with the work of President White. He has not only supervised the daily education going on in the several departments of the University, but he has shown his zeal by investing his spare time in advancing the interests of the institution, as well as the general interests of education, in the various leading localities of this and neighboring States. The Trustees feel that it is no more than their duty to express this tes

timonial of their respect for the faithful work of the President and his colleagues of the Faculty.

The endowment fund has been increased from $212,238.50, the original amount received from the sale of the United States land scrip in 1867, to $340,000. Of this fund $325,000 is invested in Indiana State bonds bearing five per cent interest, and $15,000 is still invested in United States bonds. It is a source of regret that the bonds in which the endowment fund is invested, bear so low a rate of interest. It would be a benefit not only to the University, but an advantage, in the end, to the State, if this entire endowment fund were taken by the State as a permanent loan at a higher rate of interest. The endowment fund, the gift of the United States Government, has been carefully husbanded and has been used exclusively for the payment of the salaries of the educational corps of the University. The fund is barely sufficient for the pres

ent wants.

The attendance of students is increasing rapidly; begetting a necessity for additional teachers and professional chairs. All other funds, heretofore received, either from private donation or from State appropriations, have been judiciously expended in permanent improvements and the scientific equipment of the University-al! of which belong to the State of Indiana. The Trustees now look confidently to the State to protect their educational ward by appropriations adequate to the necessities of the case. They invite earnestly the attention of your Excellency and of the General Assembly to the report and suggestions of President White, sent in with this report.

JOHN A. STEIN,

Secretary.

JOHN SUTHERLAND,

President of the Board of Trustees.

PRESIDENT'S REPORT.

To the Board of Trustees of Purdue University :

GENTLEMEN: I have the honor to submit the report of Purdue University for the college year ending June 30, 1880.

The sixth annual session opened September 11, 1879, with an increased number of students in all departments. The whole number of students matriculated during the year was 203, classified as follows: