Thirteenth Annual Report of the Board of Regents of the University of Michigan. The Board of Regents of the University of Michigan, submit their thirteenth annual report under the law for the organization of the University. The statements and reports of the committee of the State Land Office, State Treasurer, Secretary and Treasurer of the Universty and standing committees of the Board, herewith presented, fully answer the first requirement of the statute, by exhibiting "the condition of the University." The accompanying statement of account by the Executive Committee ascertains and discloses "the amount of expenditure" and the nature thereof, during the fiscal year ending June 30th, 1850. An increase has been made since our last report in "the number of Professors," by the appointment of Doctors Gunn, Allen and Denton, and the transfer of Professor Sager, to chairs in the Medical Department, which is now organized. The first announcement of the medical faculty herewith submitted, indicates the time fixed for the commencement of operations, and develops the plan of proceeding in that department. The whole number of Professors at this time is ten, engaged each at a salary of $333 33 per term for the time actually employed-the academic year being divided into three terms. By the last annual catalogue published by the faculty of arts and sciences in January last, (which is also referred to as a part of this report,) it appears that "the number of students" was, at that time, seventy-two; of which 12 were seniors, 19 juniors, 24 sophmores, and 17 freshmen. The names of the persons comprising the several classes, with an expose of the division of time, course of study, and other exercises, and a complete list of "books of instruction," are therein given. The following tabular statement shows the estimated receipts and expenses for the ensuing year: JOINT DOO. ESTIMATED RECEIPTS. From University Interest Fund, 66 admission fees, room rents, &c., of students, in $15,088 23 cluding medical department, 2,000 00 $17,088 23 ESTIMATED EXPENSES. For interest and commission, $100,000 loan, $6,000 00 "salaries of ten Professors employed during part of the year, 8,000 00 "salaries of officers of board, viz: Treasurer, $100, Secretary, 150; Superintendent of University, 583 33 "insurance on University buildings, 350 00 120 00 1,200 00 "expenses of regents and officers attending meetings, "incidental college expenses, janitor's fees, $16,263 33 It is a source of great gratification to the Board, that they are at this time enabled to announce the preparation of the building and organization of the department for the reception of Medical Students. Young men of this State who have heretofore, in such large numbers, sought instruction in other institutions abroad, are now assured of at least equal advantages at home. The reproach of such annual migrations may now be wiped away-if excellent facilities for carrying out a superior plan of instruction, as this department, under the supervision of an effective corps of Professors, can offer any inducement to the Medical Student. The Board feel that it is not say. ing too much to add their belief that many of our neighboring States will send candidates to dispute with our own youth the honors of this new institution, organized nnder such flattering auspices. J. KEARSLEY, Chairman Ex-Committee for the Board of Regents. No. 5. Statement of Commissioner of State Land Office. } STATE LAND OFFICE, E. N. WILCOX, Esq., Secretary Board of Regents, University of Michigan: SIR. The amount received to the credit of the University Interest Fund, from July 1st, 1849, to June 1st, 1850, inclusive, after deducting $200, (the estimated incidental expenses justly chargea ble to the fund,) is The amount of interest due March first, and remaining $10,682 47 1,076 80 269 20 1,346 00 unpaid May 1st, 1850, was the sum of On which 25 per cent. penalty has been or will be collected, making the sum of The quantity of University land sold during the above period, was 623 93-100 acres, and 76 lots in the village of Niles, amounting to 9,568 99 There was paid on the sales of the above land, at the time of purchase, and placed to the credit of the university fund, 2,757 71 There was also paid on old accounts, including rents, other than sales above, 8,118 47 It is believed the above statement, together with the report submitted to your Board from this office on the 30th of July last, will be all which you require; if not, any other information which you may desire, and in possession of this office, will be cheerfully and promptly furnished Very respectfully yours, ALLEN GOODRIDGE, |