Centre College Board of Trustees
Financial Committee Minutes (1858-1864)

December 29, 1858

The Financial Committee of the Board of Trustees of Centre College met this day at the office of Bell & Cowan. Present, Dr. L. W. Green, J. A. Jacobs, 0. Beatty, Dr. E. P. Humphrey, & J. T. Boyle.

Dr. Green was appointed Chairman. On motion Rev. W. J. McKnight was appointed Financial Agent & Treasurer of Centre College, subject to the action of the Board of Trustees, with a salary of one thousand dollars, to be paid quarterly, equally by the Board of Trustees of Centre College, & the Board of Trustees of the Danville Theological Seminary - each paying five hundred dollars per annum.

On motion, it was ordered that the expenses of the Financial Agent will be paid when travelling on the business of the College.

On motion, it was ordered that the Financial Agent procure an office and furniture for it - one half of which will be paid for by the College, - provided the other half is paid by the Danville Theological Seminary.

Ordered, that J. T. Boyle be and he is hereby appointed agent & attorney to attend to the Covington & Lexington Rail Road Bonds, sign petition to the Trustee of Covington & Lexington Rail Road to take possession of the Road and take such steps as he may deem best for the interest of the College in securing said Bonds, in joining in the suit by Bondholders.

Ordered, that the President of the Financial Committee give a certificate to W. J. McKnight of his appointment as Financial Agent of the Trustees of Centre College; & the Secretary of the Board of Trustees is authorized & directed to deliver to W. J. McKnight, Financial Agent & Treasurer all the books, notes, bonds, and other papers, delivered by B. T. Melton to the Secretary.

Ordered that W. J. McKnight, Financial Agent, be directed to purchase three Louisville City Bonds at rate not to exceed seventy five dollars in the hundred.

On motion, it was ordered, that the Financial Agent procure a book & keep a record of the proceedings & acts of this Committee.

J. T. Boyle Sec. pro. tem. (Copied by W. J. McKnight)

March 17th 1859

The Financial Committee of the Board of Trustees of Centre College met at the office of the Financial Agent. Present, Dr. L. W. Green, Dr. E. P. Humphrey, 0. Beatty & J. A. Jacobs. Dr. Humphrey was called to the Chair.

Ordered:

1. That the Financial Agent be & he is hereby directed to purchase two Louisville City Bonds at rates not to exceed 74 cents on the dollar.
2. That Prof. Matthews be allowed to draw, at this time, his June quarter of Salary, at the same rate of interest which it is now bearing as a deposit at the Central Bank.
3. Mrs. Rachel B. Craig, who owes a scholarship note to Centre College of five hundred dollars, on which there is fifty dollars interest due, proposes to the Committee to pay two hundred and fifty dollars in hand & two hundred & fifty on the terms of the subscription which is now making for the benefit of Centre College, viz., one third on the first of Sept. 1860, one third on the first of Sept. 1861, & the remaining third on the first of Sept. 1862, also assigning to the Board of Trustees a claim on Mr. Ballinger of Stanford for the sum of about thirty dollars, the claim being for the use of her scholarship; Mr. Ballinger having acknowledged to Financial Agent that he would pay the claim & Mrs. Craig further relinquishes to the College all rights to her scholarship from the date of trade; The Committee refer this money to the Board of Trustees to be divided between the endowment & Building funds according to their pleasure. Ordered that the Financial Agent settle with Mrs. Craig on the terms above mentioned.
4. W. C. Lyle offers the Board fifteen shares of the Maysville & Lexington Turnpike Company guarantying it to produce thirty dollars annually. Ordered, that the Financial Agent accept the proposition, provided, Mr. Lyle will relinquish his scholarship.
5. That the Financial Agent visit & examine the Knob Land left to the College by Mr. David Williams, form its value, & prospect of selling it.

Adjourned to meet as the business requires.

W. J. McKnight, Financial Agt.

April 30th 1859

The Financial Committee met at the room of the Agent. Present: Dr. Green, Mr. Boyle, Jacobs & Beatty. Dr. Green in the Chair. A proposition was rec'd from E. D. Hobbs, Pres't of the Louisville & Frankfort R. R. Co., proposing to redeem the bonds of his Company by paying them par value, & the interest due on them up to the date of payment. Ordered that the Proposition be accepted & the Financial Agent be directed to settle with Mr. Hobbs on the above named terms. Adjourned.

W. J. McKnight, Financial Agt.

May 19th 1859

The Financial Committee met at the office of the Financial Agt. Present: Dr. Green, Mr. Beatty & Mr. Jacobs. Dr. Green presided. A communication was rec'd from the Cashier of the Farmers Bank of Ky. informing the Board of Trustees of Centre College, that the Bank would declare at its next regular semiannual dividend, an extra dividend "of the accumulated surplus profits, to the extent of twenty percent, upon the capital stock;" & proposing to give to each stockholder the privilege of subscribing for an additional share of stock in the Bank, for each five shares of stock now held by such stockholder, & for any fraction of five shares, an additional share upon the payment of the amount over twenty per cent, dividend on such fraction, with ten percent premium thereon. Such overplus and premium may be paid for out of the regular semiannual dividend, if that should be sufficient, otherwise, it should be provided for before the first Monday in July next.

The distribution to you may be stated thus:

On 75 of your shares you will receive = 15 shares
on 4 shares 20 per cent, $80
If you pay $20
and ten per cent premium thereon $2. $102 value of 1 share
You will secure 16 shares

Please to sign & return the subjoined power of attorney at your earliest convenience.

J. B. Temple, Cashier

The Committee accepted the proposition & directed the Financial Agt. to sign the power of attorney to fill the Blank with the name of J. B. Temple; & direct him to subscribe for sixteen shares of stock & to pay the twenty two dollars remainder out of the next semiannual dividend; & the Agt. was directed to procure the certificates of stock in the proportion of nine shares for the Theological Seminary & seven for Centre College & to pay the Seminary $20 the premium on the 46th share of their stock.

The Financial Agent reported that he had collected the five Bonds of the Louisville & Frankfort R. R. Company & the interest on the same from January lst 1859 to May 17th 1859, being $114.18 & that the whole amount of $5114.18 is now on deposit with [unknown word] , Lyons & Co., of Louisville, through whom the bonds were collected; & further that there is now on deposit in the Central Bank at Danville $476.89 of principal collected from various individuals & from sale of Lot of ground belonging to the College & that all this sum is ready for investment.

Ordered, that the Financial Agent be & he hereby is directed to purchase seven Louisville City Bonds at rates not to exceed 76 cents on the dollar. Committee adjourned.

W. J. McKnight, Financial Agt.

September 6th 1859

Financial Committee met at the room of Financial Agent. Present: Dr. Humphrey & Mr. Jacobs & Mr. Beatty.

It was stated to the Committee that Mr. Wiseman & Mr. Long had failed to secure a house in which to carry on their classical school & that no building could be procured. The Committee deeming it very important that the school be continued, appointed Mr. Jacobs & Mr. Beatty to buy the property owned by Mr. Rodes, Barbee & Co. These gentlemen succeeded in purchasing the property for five hundred & seventy five dollars.

October 8, 1859

Financial Committee of Centre College met at the Office of Financial Agent. Present: Dr. Humphrey, J. T. Boyle, J. A. Jacobs & Prof. 0. Beatty. Dr. Humphrey acted as Chairman.

Ordered:

1. That the Financial Agt. be directed to purchase five Tennessee State Bonds at rates not to exceed ninety one cents in the dollar.
2. That the Financial Agt. return the sum of thirty three dollars, the amount of his tuition fee to Mr. Jon Nall(?), also the sum of twenty eight dollars & fifty cents to Mr. E. [unknown word] the amount of his tuition fee. These gentlemen paid their fee before they entered College & not being able to pursue the studies they designed, were permitted by the Faculty to withdraw & hence their tuition has been returned. This action is not intended to be construed as a precedent for further action.
3. A communication was received from J. R. Ford proposing to sell to the Trustees his two scholarships in Centre College which was referred to 0. Beatty & W. J. McKnight to examine into the proposition & if it be found that he offers his whole scholarships for three hundred & seventy five dollars, the Agent is directed to buy them for the College.
4. That J. T. Boyle & W. J. McKnight be a Committee to visit Mrs. Carpenter & endeavor to induce her to settle her note to Centre College.
5. That the Agent be directed after a short season to address Mr. Fox another note urging him in stronger terms to settle his note.
6. That the Agent be directed to rent the house & premises lately occupied by A. Bonta to Harrison Wickliffe, the Janitor, for the sum of fifty dollars per annum.

W. J. McKnight, Agent

December 15th 1859

The Financial Committee met at the office of Financial Agent. Present: Dr. Green, J. T. Boyle & 0. Beatty.

Ordered:

1. That Financial Agent be directed to purchase two Tennessee Bonds at the market value.
2. That Financial Agent be directed to settle the note of A. T. Skillman, deceased, with his Administratrix, Mrs. Elizabeth Skillman, on the following terms, viz. that Mrs. Skillman pay one half of the principal which is two hundred & fifty dollars, the whole sum being five hundred dollars, & the past due interest up to date of settlement, & release & relinquish to the Trustees of Centre College, all right to use or devise the Scholarship, for which the above note was given, forever.
3. That the tuition fee of thirty three dollars paid by T. R. Dickerson, who has left College be returned to his father Rev. A. C. Dickerson, the Financial Committee deeming the application by his father & his/his father's statement that his son's eyes were so diseased as to disqualify him for study, a sufficient reason for this action.
4. That Prof. Patterson be allowed to draw from the Treasury on the first of January, approximately, two hundred dollars in addition to his regular quarter's salary for which Prof. Patterson & 0. Beatty shall execute their note, one half payable, when Prof. Patterson shall draw his quarter's salary, on the first of April 1860, the other half pay when he draws his second quarter on the first of July 1860.

June 4th 1860

Financial Committee met. Present: Dr. Green, J. A. Jacobs, 0. Beatty & J. T. Boyle.

Ordered:

1. That the Agent be directed to buy one Tennessee bond.
2. That the Agent be directed to buy Mr. D. A. Russells two scholarships at the rate of two hundred & fifty dollars each, paying him for them with his own note of five hundred dollars held by the College for one of the Scholarships; allowing Mr. Russell to send his son [blank space] to College for four years but limiting the use of it to his son.
3. That the Agent buy J. G. Talbotts Scholarship at the rate of two hundred & fifty dollars, taking the Talbotts note for the remainder (250) & the interest now due (the whole to bear interest) payable six months after date.
4. That the Agent buy the Rodes Scholarship for two hundred & fifty dollars (if possible) allowing him the right to use it four years in the education of his Son Charles, but it cannot be used in the education of any other person.

16th August 1860 Office Financial Agent, Centre College, Danville

The Financial Committee of Centre College met this Day - Present: Dr. Humphrey, 0. Beatty & J. T. Boyle.

Rev. W. J. McKnight having resigned his office of Agent & Treasurer of Centre College & there being a vacancy, the Committee requested & appointed Prof. 0. Beatty to act as temporary Agent & Treasurer, until the vacancy can be filled, which he consented to do.

The appointment of Financial Agent & Treasurer was tendered to Rev. R. A. Johnstone who asked time to consider the subject which is granted.

E. P. Humphrey, Chairman

September 12th 1860

Financial Committee of Centre College met. Present: the Chairman Dr. Humphrey & Members Beatty & Jacobs. It was stated to the Committee that a letter had been received from Rev. R. A. Johnstone, who had been appointed Financial Agent in the place of the Rev. W. T. McKnight, declining the appointment thus tendered to him, whereupon it was resolved Mr. Sam. Heron be appointed the Financial Agent of the College - subject to the Decision of the Board of Trustees of the College at their next meeting - with a salary at the rate of $500 per annum, & his office & travelling expenses when in the service of the committee or Board paid. He is required to give his entire time to the service of the College & (should he be appointed by the committee of the Theological Seminary) to the Seminary upon the terms & conditions embraced in resolutions appointing the joint Agents of the two Institutions heretofore.

O. Beatty, Acting Sec.

Dec. lst 1860

Financial Committee of Centre College met. Present Dr. Green Mr. Boyle, Jacobs & Beatty. It was ordered by the committee that J. T. Boyle Esq. be and he is hereby appointed Financial Agent pro tem, for the College, in place of Mr. S. Heron, with full powers to discharge all the duties Financial Agent and Treasurer and to receive papers & money from the Representatives of Mr. Heron & settle with same.

It was ordered by the Committee that the rent of the house now occupied by Mr. Patterson be fixed at $[blank space] per annum and the expense of all necessary repairs to be borne by the College.

0. Beatty, Acting Sec.

February lst 1861

Present Green, Beatty, Jacobs and Boyle.

On motion of J. T. Boyle, ordered that the Building Fund Account be kept in the names of the Financial Committee on the Books of the Bank and that all money collected for that Fund be deposited by the Agent and collected to their credit on said account in Bank; and no portion of it to be drawn except by the check of the Agent and the Chairman, or two members of the Committee. Ordered that the financial agent make a permanent deposit of Two Thousand Dollars for six months in Bank, & is to bear interest thereon.

J. T. Boyle, Secty & Agt

February 1861

Present 0. Beatty, J. A. Jacobs, Dr. Green & J. T. Boyle.

On motion ordered that Rev. H. H. Allen be and he is hereby appointed Financial Agent & Treasurer pro-tem of Centre College, with the meeting of the Board of Trustees, at a salary of Five Hundred dollars per annum, payable quarterly. The appointment is made on the terms which Mr. Samuel Heron was appointed, and on same conditions & etc.

J. T. Boyle, Secty

Danville May 9th 1861
Office Financial Agency C.C. & D. T. S.

Financial Committee of Centre College met at the Office of Agent. Present: E. P. Humphrey, L. W. Green, 0. Beatty, J. T. Boyle

The Committee on consultation in regard to the funds belonging to the "Building Fund" and the "General Fund" and the best disposition to be made thereof & it appearing from information that the Central Deposit Bank is not willing to borrow the money or retain the same on deposit, at interest. Subject to call or check, & the Committee regarding it safest to the interest of the College to loan the money to individuals, well secured by personal security or real estate security.

Ordered:

1. That they will loan the Building Fund, for one year, at six per cent interest per annum, payable in advance: that no loan shall be made except by the concurrence of at least three of the committee approving the loan: that no loan shall be made on note with less than two perfectly good named, or mortgage or real estate to be approved by three of the committee: that all notes for money loaned shall be made payable in Bank in Danville
2. That the Financial Agent return to Mr. Constant Holt the three dollars paid by him as tuition.

Heman H. Allen, Fin. Agent

Oct. 1st 1861
Office Fin. Agency of C. College. Danville, Ky

The Financial Committee met in the office. Present: L. W. Green, D. D., Prof. 0. Beatty, J. A. Jacobs.

On motion it was Ordered: that the Financial Agent & Prof. 0. Beatty be entrusted with the money in Bank - whatever amount may be on hand - to take care of and secure in the best manner they can devise, in case of an emergency - consulting the other members of the Fin. Com. if they have opportunity. This order is understood to apply to the public bonds also belonging to the Trustees of the College.

October 7th 1861

The Fin. Committee met in the office of the Fin. Agency.

On motion it was Ordered: That the Financial Agent transfer so much of the Building Fund as is now on deposit from the Central Bank of Ky., Danville to the Northern Bank of Ky., Lexington.

Also, that the Com. approve the transaction of the Fin. Agent, in which he released to Mrs. D. Carpenter her Scholarship note of $500 taking her note, due one day after date, for $250; also, her note for $52.50 for interest. Mrs. Carpenter relinquishing to J. W. Welsh & he to the College, the rights to & use of her perpetual Scholarship. Also, that the Agt. Transfer the balance of the Gen. Fund in the Central Bank, to the Br. Bank of Ky, Danville. Also, hearing that Mr. Rolston & Burbank have given up the Preparatory Department: That the Com. concur with the Faculty of the College in offering the charge of that Department to Mr. G. E. Wiseman, as Principal, and Mr. W. Young, as Assistant.

Subsequently, without any formal action on the part of the Committee, Samuel T. Allen was employed to teach the Preparatory Department. And at the close of the first Session - the first of February - by the approval of the Faculty, Samuel T. Allen gave up the position to Rev. W. D. Symington.

January 28th, 1862

The Committee informally authorized the Financial Agent to Settle the note of A. D. Meyer & A. D. Irvine by taking, in exchange for their notes, a note on S. E. Farrand; Also, in the Settlement, to purchase the Scholarship of A. D. Irvine by relinquishing one half the note.

Heman H. Allen, Secty

Danville, Ky May 13th 1862

The Committee met at the Office of the Financial Agency. Present: Dr. Green, Mr. 0. Beatty, J. T. Bell & J. A. Jacobs.

Mr. Beatty presented the a/c of Prof. Patterson for repairs on his house; which was allowed by the Committee, with the following order, to wit, that no additional expenditures will be allowed for repairs on the house before the close of the Second year during which it has been occupied by Prof. Patterson.

With regard to the present use of the permanent Fund now lying in Bank, the Committee passed the following Order: That Mr. Bell be authorized to use it for the purchase of good private paper, at a discount of about ten per cent; the money shall be loaned to private individuals, with good security, for one year.

Ordered: That in case of parties owing notes for Scholarships to the College, who make use of their Scholarships, & yet neglect to pay the interest on them, the Agent be directed to insist upon their prompt payment, & in case of failure to bring Suit for the collection of the notes.

Heman H. Allen, Secty

Danville, Ky May 17th 1862

A meeting of the Financial Committee was called at the Office of the Financial Agent. Only two of the members were present, - namely, 0. Beatty & Mr. A. Jacobs.

A proposition was presented to the Committee from C. Henderson Esq. to relinquish his right to a perpetual Scholarship in Centre College, paying one half the principal of his note - $250 - with one year's interest; there being now, four years interest due on it. In view of certain facts in the case, the Agent was authorized to accept the proposition.

Ordered: That the Agent take out an Insurance Policy, in the Liverpool Ind. Company, on the "Sayre Hall," for $4,000 at 1/2 per cent.

Heman H. Allen, Secty

Office Fin. Agency July 9th 1862

Financial Com. met pursuant to call. Present: Dr. Green, Prof. Beatty & J. A. Jacobs.

On motion it was Ordered

1. That the Financial Agent return to Gavin E. Wiseman of $25 for balance of Rent of Preparatory Department for the year ending June 1861.
2. That Dr. Green obtain from Dr. E. P. Humphrey a copy of his remarks at the Inauguration of the "Sayre Hall" & have the same, in connection with his own speech delivered on the same occasion, published in pamphlet form.
3. That Mr. Beatty be directed to see what repairs are needed on the Preparatory Department & order them to be made.

Heman H. Allen Secty

Office Financial Agency July 31st 1862

Financial Com. met pursuant to call. Present: Prof. 0. Beatty & J. A. Jacobs Esq.

On motion it was Ordered:

1. That the Com. will not invest any portion of the College Funds in public securities, at present.
2. That if an investment is effected, with private Securities, the Com. will require not less than two satisfactory persons, as security, in addition to the Principal, all to be equally bound: And also will require the interest to be paid Semi-annually, in advance; that the loan be made for one year: the Com. claiming the right to collect it when due.

It was ordered by the members present that the Security should present the above orders to Mr. J. T. Bell, for his approval, before recording or acting upon them - which was accordingly done.

Heman H. Allen, Secty

September 16th 1862

Financial Committee met pursuant to call. Present: Prof. 0. Beatty & J. A. Jacobs Esq.

It was ordered, That the Salary of the Sexton, Harrison Wickliffe, be reduced from One hundred & fifty, to one hundred dollars per annum; the reduction to take effect from the lst day of July 1862. Dr. Green afterwards appeared in the Committee, making a quorum & approved the order.

Heman H. Allen, Secty.

Office Fin. Agency December 1862

Two members of the Financial Committee, viz. Drs. W. Green and Jno. A. Jacobs, Esq. met, at the Office, by previous arrangement, with Dr. Humphrey, President of the Board of Trustees, and after conferring together, having learned that there was special necessity for paying at least a portion of the Salary of Professor Robt Patterson, directed the Financial Agent to pay to Prof. Patterson Three hundred dollars on a/c of salary: also directing him to lay this action before Prof. Beatty, on his return to Danville, & if it meet his approval, to put it on record, as an order of the Committee. Prof. Beatty, having given his approval to the action, the order is entered on the Minutes.

Heman H. Allen, Secty

January 12th 1863

The Financial Com. met pursuant to call. Present: Dr. L. W. Green, Prof. 0. Beatty & J. A. Jacobs, Esq.

The Fin. Agent having stated that the note of F. L. Fox for $537.50 or thereabouts, had been lost, he was Ordered (1) to get a new note, which should be as near as possible, a duplicate of the old note. In the case of S. E. Farrand's note, due 15th December 1862, the Fin. Agent was Ordered (2) to give Mr. Farrand further time for payment, provided he would make the note secure.

The Fin. Agent was also ordered (3) to purchase with any funds in his hands belonging to the Principal, a note for $250, due lst March 1864, on A. Clemens & W. L. Larkington, of J. U. Henderson, [unknown word], provided he finds either the first-signer or endorser of the note to be responsible & prompt in payment. Note to be purchased at the usual discount.

Heman H. Allen, Secty.

Office Financial Agency Danville, Ky 29th January 1863

The Financial committee met pursuant to call. Present: Rev. Dr. L. W. Green, Prof. 0. Beatty & Jno A Jacobs Esq.

The question was presented to the Committee, by the Financial Agent whether he should pay $250 for the Scholarship owned by Isaac W. Scott. Also, the half Scholarship of Robert S. Taylor & Mrs. Nancy A. Huston by relinquishing one half the note of $250; After considerable discussion the Committee decided that, in their judgement, the action of the Board of Trustees, authorizing the Financial Agent to purchase Scholarships at a price not exceeding $250, did contemplate his paying $250, in cash, out of the permanent funds of the College, in his hands, for Scholarships, for which the sum of $500 had been paid to the College. The Financial Agent was therefore directed to purchase the Scholarship of Isaac W. Scott, at $250. The half Scholarship above alluded to, he was directed not to purchase.

It was also Ordered, that the Financial Agent pay to each of the Professors the sum of $300, of the funds now in his hands, & to the President a proportionate part of his Salary, taking the notes of the individuals for the amount.

Heman H. Allen, Secty

15th June 1863

At a meeting of the Financial Committee - Prof. 0. Beatty & Jno A. Jacobs, Esq., being present - it was ordered: that the Financial Agent should subscribe, on behalf of the Board of Trustees, Five Shares in the National Bank into which the Central Bank is about being transferred, by it's Stockholders - that being the amount of Stock owned by the Trustees in the latter Bank.

Heman H. Allen, Secty

Office Financial Agency, Danville Ky 18 July 1863

The Financial Committee met pursuant to call. Present: Geo F. Lee, Esq. Chairman; appointed at last meeting of Board of Trustees, in place of Dr. Green; Jno A. Jacobs, Esq., & Prof. 0. Beatty.

Ordered, that the Salary of the Janitor, Harrison Wickliffe be increased to One hundred & Twenty five dollars per annum.

The Financial Agent having laid before the Com. a copy of the Will of Mrs. Catharine W. Bradshaw, it was Ordered, that he consult immediately with Joshua F. Bell Esq., as to the steps which ought to be taken in regard to the matter of the above Will; and proceed, at once, to act upon his advice.

Heman H. Allen, Secty.

Office Fin. Agency, Danville Ky. 3rd November 1863

At a meeting of the Financial Committee, at which were present: Geo F. Lee, Esq. Chairman, Jno A. Jacobs, Esq. & Prof. 0. Beatty; the following orders were passed

1. That Fifty dollars be paid to Heman H. Allen, for his services as Instructor in the College, in the absence of Prof. Cooper, from the opening of the present session to the 5th day of October following.
2. That the tuition fees of V. P. Thomas & M. P. Drury be returned to them; they having been withdrawn from the College, soon after entering.

Heman H. Allen, Secty

Danville, Ky 3rd December 1863

At a meeting of the Financial Committee, pursuant to call, only Mr. Jacobs & Prof. Beatty were present.

The Financial Agent was directed to invest the $200 of the Alumni Association Fund, reported in his hands, in U.S. 5-20 bonds. The investment of this Fund having been intrusted to them by the Association. Terms were agreed upon in regard to purchase of the Scholarships of C. Rodes & F. G. Montgomery: the former to be purchased by relinquishment of 1/2 note - $250 - with the privilege granted Mr. Rodes of tuition free for his son Charles; the latter to be offered the relinquishment of the interest due on his note - $420+ dollars - provided he will pay the principal & relinquish the Scholarship. If he should not accept this proposition, he is to be requested to furnish in writing a statement to the Board of what he wishes them to do in regard to his note, with his reasons for it. If he refuses to do this, then the note is to be pressed for collection.

Ordered that the Financial Agent have the Patterson house insured at $1000.

Ordered that the Financial Agent write to Rev. Alex Cowan, Agt. of Col. Soc. that the Secty of that Society can draw on the Fin. Agt. for the $500 appropriate by the Board to aid in removing the Overton negroes to Liberia upon furnishing to him a certified statement that the said negroes have sailed from Baltimore.

Heman H. Allen, Secty.

Danville, Ky 7th March 1864

Financial Committee met pursuant to call. It was ordered, that the Financial Agent direct our Attorney at Hopkinsville, to propose to Mr. J. F. Montgomery, who resists the payment of his Scholarship note, to submit the decision of the case to the arbitrament of the Judge, without a jury. Dr. M. having appealed with Board of Trustees to release him, upon his statement of facts; see his letter on file.

Ordered, also, to rent the Patterson house to Mr. Stevens at $150 or $200, at discretion, for twelve months. It was rented at $200. Ordered, also, to return one half the tuition of Lapsley for this session - he having been under necessity of returning home. Mr. Beatty was directed to negotiate with Mrs. J. C. Young for the relinquishment of her Scholarship, with some discretion as to the extent to which she should hold a reserved right for the education of Dr. Young's grandchildren, free of tuition.

Heman H. Allen, Secty.

Office Financial Agency 4th July 1864

At a meeting of the Financial Committee, called at the same time with the Building Committee, the following members of the two Committees being present, Prof. 0. Beatty, Dr. Humphrey, W. J. McKnight & E. Forman; the bank statements of Heman H. Allen, Fin. Agent, were carefully examined, and the amount of his deposits, on the 10th of June, all were found to correspond with the amount of the cash balance called for in his last report, to wit $12,423.03. This examination is made by order of the Board of Trustees, at its last meeting, which order was in compliance with the request of the Financial Agent.

0. Beatty

Office Financial Agency, 27th August 1864

The Financial Committee met, pursuant to call. Members present: Prof. 0. Beatty & Mr. Jno A. Jacobs & G. F. Lee. It was

Ordered, that the Preparatory Department be rented to Mr. Ralston & Burbank at $100 per annum. All permanent repairs to be made at the expense of the College; all other repairs to be made at their own charges.

Ordered, that the Financial Agent have the Preparatory Building insured. That portion of the Permanent Fund now on hand, having been lately invested in the U.S. six per cent temporary loan.

Ordered, that the investment be approved.

Heman H. Allen, Secty.