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Alamance Novr 30th 1854
My Dear Sir
I have this moment received your note of yesterday's date, & lose no time in saying that I am unable to reply definitivly to your enquiry, as John is not at home at present, but at Dr. James E Williamson's, in [??], where he has entered on the study of medicine. I will communicate your note to him without delay & learn his inclinations. I cannot certainly anticipate them. But if they dont accord with my own, he will no doubt reply to you affirmatively. In the course of ten or twelve days I can inform you positively on the point.
I am, dear sir, very truly yours Norman Ruffin
Honble. D. L. Swain Chapel-hill No. Ca.
Govr. Swain & Judge Ruffin on Tutors &c.
Raleigh November 20 1854 To The Trustees of the University of N.C. Gentlemen, The reciepts at the Treasury of the University within the past fiscal year, embracing a period from the 20th Nov 1853 to 20th Nov 1854 amount to . . . . 13.607:81
which sum being added to 5.843:52 (the balance remaining in the Treasury at the close of the preceeding year) form an aggregate of . . . . 19.451:33
The Disbursement at the Treasury within the same period amount to . . . . 10.657:75
leaving a balance in the Treasury on the 20. Nov. 1854 of . . . . 8.793:58 which balance is appointed in the Bank of the Sate as Raleigh.
The Reciepts at the Treasury as aforsaid consist of the following items.
Old Balance as above stated - $ 5843:52
Dividends on 1000 Charm of Bank Stock . 10.250.00
Intrest of North Carolina Bonds . . 540.00
" Virginia State Bond . . 600.00
" Bonds of Individuals . . 1.102:61
Cash recieved of N.W. Woodfin for Oak of inherited lands of David Allison . 1.000:00
P.N. Winston for escheats of S.R. Oliviera " of Bertie Co. . . . 115:20
making the above named aggregate of $19.451:33
The Specific items of Receipts & Disbursments are set forth in detail in the account current which accumpanies & form part of this report.
Accompanying this Report also & forming part thereof are the statements of the Bursar of the College showing that in Receipts for the year for the Tuition & room rent of the students amount to... $12.350:50 and that he has disbursed this same in payments to the Faculty in part of their salaries, in Bursars' fees & in the payment of other College expenses as stated in his Report.
The whole income of this Institution for the year, at the Treasury & also at the Bursar's Burian may therefore be stated as amounting to $31.801:83 and total disbursements to 23.008.25 leaving said said balance of 8.793:58
Eigtheen students have, during the year, received their education free of College charges according to an ordinance of the Board upon that subject.
The names of these Beneficiaries are given in the Report of the Bursar.
The
The whole available funds & [Accounts?] of the University may be there stated in round number.
North Carolina State Bank Stock $100.000
Do. State Bonds 9.000
Virginia State Bonds 10.000
Bonds of Individuals 23.482
Cash on hand 8.793
Forming a sum total of Principal $151.275
The disbursments of the institution pr annum may be stated to amount on an average to $22.000
The Treasurer would now repeat a statement made to the last annual meeting of the Board for the information of new members & of such as have not turned their attention to the subject that the account Books of thes may my Department communed in the year 1789: and was opened by Walter Alan of Orange County a former Treasurer of the Board & an accomplished Book Keeper.
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