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4 Document No. 38, [Seeslon not 3'et agreed to ])ecome our agent or attorney. I expect to hear from liim at an early clay, botli as to the resnlt of the pendin<j^ snit. and as to whether he will undertake other cases tor Che rniversitv in the State of Tennessee. The sum of four hundred and eighty-seven dollars and iifty cents (§487.50) lias been received from W. F. Stroud, of Chatham county, escheated property, and the fnrtiior sum of one thousand one hundred and nineteen dollars and three cents (-1^1,110.02) has been received as the proceeds ot escheated property from the estate of James 15. Wallace, deceased, of the county of Mecklenburg. These sums have been deposited in bank to the credit of the University. There are other inter-ests of this kind f.'-om which it is hoped something may be derived, as able attorneys have charge ot them. The following statement shows the anjount of assets on hand, together with the receipts and disbursements of the past fiscal year. From this exhil)it it will be readily perceived that the pros-pects of the University are indeed gloomy, and there is no source from which aid can be readily expected but from the General Assend)ly witliout an appropriation to pay the large debt hanging over the University. This valuable property must at no distant day be sold, and perhaps sold at a price far below its real value. It would seem that an institution around which the affections of so many distinguished men cluster, and which has hereto-fore been the pride and ortuiment ot the State for generations, should command an influence sufficient to obtain relief from its present embarrassment, and be again started on its career of usefulness, especially when there is so much need of educa-tional advantages in North Caiolina, Respectfully submitted, R. w. LAssrrER, Sec. and Treas. Board of TrusUes.
4 Document No. 38, [Seeslon
not 3'et agreed to ])ecome our agent or attorney. I expect to
hear from liim at an early clay, botli as to the resnlt of the