90 



TRANSACTIONS OF THE 



Ninth — A Professor of Botany, Horticulture, and EntoTnolof2:y. 



Ti-nfli — A Professor of Practical Ao-riculturo and Meteorology. 



Eleventli — A Professor of English, French, and German Languages and 

 Literature. 



Twelfth — A Teacher of Bookkeeping and Practical Commercial and 

 Trade Accounts, Political Economy, and Commercial Law. 



Thirteenth — A Treasurer, Secretary, and Librarian. 



Fourteenth — Necessary Assistant Professors and Superintendents, say 

 twelve, including a Teacher in Military Tactics. 



We are now prepared to present an estimate of the annual expenses 

 of an Industrial College of the number of professors indicated above, 

 with the corresponding educational facilities, with California prices as a 

 basis : ' 



ANNUAL EXPENDITURE. 



Thirteen Professors and Teachers, at at average of 



82,400 $31,200 



Twelve Assistants and Superintendents, at $1,200... 14,400 



Total salaries. 



Annual additions to museum, and scientific appa- 



ratusft'-an d li brary $5,000 



Scientific investigations and assaying 5,000 



Incidental expenses and repairs 5,000 



Total 



Total annual exj^enses. 



ANNUAL INCOME. 



Three hundred students, at $100 each $30,000 



Interest on proceeds of seminary lands, ($57,000,) 



at seven per cent 4,032 



Interest on proceeds of college lands, one fourth at 

 seven per cent, and three fourths remaining on 

 the credit of purchaser, at ten per cent 17,343 



Income from the metallurgical and assaying depart- 

 ments, in competent and perfectly reliable hands, 

 say 5,000 



Income of farm, well managed, and private endow- 

 ments 4,225 



Annual income to balance. 



$45,600 



$15,000 



$60,600 



$60,600 



In the above estimates of income we have assumed that the Seminary 

 Fund will be appropriated and used as an endowment for the college; 

 and while we can sec no objection to such a course, we can see many 

 reasons in its favor. The land was donated to the State for a '• Seminary 



