STATE AGRICULTURAL SOCIETY. 



27 



There is also a bill introduced for the establishment and management 

 of this College. The matter is one of so much importance that it should 

 be well canvassed and discussed before any definite action should be 

 taken, for the first step in the wrong direction, in a matter of such mag- 

 nitude, will not very easily be retraced, and the effect of such a step can 

 never be effaced. 



It therefore behooves the farmers of this State to look well to the sub- 

 ject, and see that an institution designed for the education of those who 

 are to fill their places should be so organized as to answer well the ob- 

 ject designed. There is no hurry in this matter. Let the foundation 

 be laid broad and firm before you proceed to erect the structure, and let 

 the base of that foundation be correct and liberal principle. Then will 

 the effect of that institution outlive the granite of which the outward 

 structure is composed, and be a blessing to those who are to come 

 after us. 



All of which is respectfully submitted by the Board. 



ISAAC DAVIS, President. 



I. N. IIoag, Secretary. 



The President said, before taking any action on the report just read, 

 he would suggest that the meeting now listen to the report of the 

 Treasurer and the financial report of the Secretary. These were then 

 read by the Secretary, and may be seen on pages five to fifteen, to Jan- 

 uary first, eighteen hundred and sixt3 T -four. 



In addition to what appears there, he read the following supplemental 

 reports : 



CASH ACCOUNT PROM JANUARY 1ST, 1864. TO JANUARY 26TH, 1864. 



Cash on hand January 1st, 1864.../. 



Cash received for pair of goblets 



Cash received for renewals 



Cash received for diploma frame 



Contra. 



Cash used to purchase warrants on General Fund $71 22 

 Cash on hand 68 50 



59 72 



$71 22 



50 00 



15 00 



3 00 



$139 72 



FUNDED DEBT. 



Amount indebtedness January 1st, 1864, exclusive of interest 

 Approximate interest to date 



Deduct amount of warrants purchased with $71 22, and sur- 

 rendered 



Present indebtedness 



■ 



$19,292 56 

 102 53 



$19,395 09 

 212 35 



$19,182 74 



