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SAPIENTIA ET DOCTRINA STABILITAS

instead of the surplus contemplated in the 54th clause of the
Act, there was an excess of expenditure over revenue. The sum
of $ 300, 000. was spent on a new building altogether out of pro-
portion to the requirements of the Institution, large additions
were made to the Salaries of the Professors, and $ 5000. were
annually devoted to Scholarships, Medals and Prizes, all exclusive-
ly for the benefit of University College, and all apparently design-
ed to crush, and "lure" away Students from endowed Colleges.
doing as much, and as good, work for the eduction of the country.
This enormous expenditure, together with others of similar extra-
vagance, the Bursar's Office, for example, absorbing no less than
nearly $ 9000, was due almost wholly to the counsels of the six
Professors of University College, including the Principal of Upper
Canada College, who were members of the Senate, the body which
exercised the virtual control of the Finances of the University.

In these circumstances, it was unanimously resolved, at
a meeting of the Executive Committee of Queen's University on 26th
March 1860, "that the Very Revd Principal Cook be authorized
to prepare and sign, in name of the Board of Trustees, a petition
to the Legislature, praying for an investigation into the management,
and a more beneficial and equitable application of the
public University Endowment in Upper Canada."

1859-60