From the Southron.
MISSISSIPPI .UNIvER SITY.
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Several meetings have been held in our city,
within the last ten days. bv the board OF trustees
of this institution. The Hon. A. Nj. Clayton
was elected president; Thos. Ii. Williams Sec
retary and treasurer for the ensuing year. and
Messrs Howry, Davis and Pegues were elected
as the executive committee. MIR. William
Nichol was chosen architect, at salary OF
$1,000 per annum, not to commence however un-
til called into service by the executive commit
tee. 1 he following resolutions were adopted


Resolved, As the sense of this board, that the
act OF the legislature constituting the University
of Mississippi, co1templates the establishment Of
a seminary Of learning upon the usual plan of an
American University, or College, for instruction
in the higher branches of learning.


Resolved That the sum of fifteen Thousand
dollars of the University fund be Placed in the
hands of the treasurer OF the university, subject
to the order of the executive committee, TO be ap-
propriated by them according TO the direction of
this board; which sum shall be drawn ont of the
state treasury according 10 the bylaws upon the
written order OF the president of the board of
trustees.


From the report ofthe committee to whom
it was referred to enquire into. and ascertain
the amount and present condition ofthe u
niversity fund, we extract the following !:


There is IN the state treasury. to the cre
dit ofthls fund, the sum ofSl03. .06S 40. and
debis secure end certain of collection $685.
2S7 93; and in unsold land, at valuation
SS.720 90 making an aggregate OF $780,
076 33. In addition to which your CON-
mittee have Giscoverd that on the 26ih Feb.
1888, the sun Of S3.O67 S21 was paid in
to the state treasury on account of this fund.
and credited by the then treasury 20 the
Mississippi College, and that on the 18th
July, 1888 warrat was drawn on the state
treasurer by The auditor of public accounts.
in favor OF the presiden; Of the Mississippi
College. and paid by the then treasurer.
out Of the seminary land fund. and char
ged TO that fund which two sums amount
ia the aggregate. to 1920 20i: which has
been wrongfulIy abstracted fiom the Uni
versisy fund.


There is due to this fund on judgements,
DEGREES and notes in suit, and from the
Planters Bank, $ll7,I73, % and on $40 shares
of planters Bank stock, $50 900 90, making in
the aggregate, Ssoa 07s %; from all OF which i
appes rs. that the grand aggregate amount OF the
fund available and unavailable, is $352, - g.
II is however, worthy Of remark. that the com
missioner expresses the opinion, that OF the a
bove sum Of $202,O73 -. but little viii ever Be
realized. ~