Page 2

on third $1000, [15?] W ct, & on residue 75 W ct, [?]
so that the emolments of a [professor?], shd in [?] can
be reduced by the tax, below $3500.

VI. Danger of withdrawal of annuity.
[?] report exhibits balance of upwards of
$25000 in Bursar's hands

VII. Danger of Legislature limiting fees, as well as
withdrawing annuity, thus cutting off large [?]
of support from both professor & Univ.

VIII. Increased salaries elsewhere as at [Columbia?]