6 



agriculture aud the mechanic arts is not only recognized by 

 the State as a necessity but that it is being demanded by the 

 people themselves. 



The total revenue of these institutions for the year 

 euding June 30Ü1., 1905, was as follows: 



Interest on Land Grant Act of 1862. . . $ 721,491.77 



Interest on other land grants » 96,960.70 



Appropriation Act of 1890 » 1.200,000.00 



Interest on endowments and etc. ..." 552,004.19 

 Appropriation by the States for Current 



expenses » 3.048,422.22 



Appropriation for buildings or for other 



special objects » 2.343,060.53 



Income froin endowments other than Fe- 

 deral or State Grants » 671,888.10 



Fees, and all other sources 3.163,327.03 



Total $ 11.797,154-54 



At the present time the income of these institutions is 

 $ 13.546,759.46 of which the Federal Government supplies 

 more than two millonsand the State Governments more than 

 seven and one half millions. This maks an average income 

 of each State for the support of its college or colleges of 

 almost $ 300,000. The total valué of the permanent funds 

 and equipments of the land-grant Colleges and Universities 

 in 1905 was estimated tobe $ 81.251,764.42, oran average 

 valué for the 65 institutions of $ 1.250,027.14, although there 

 are eleven institutions whose agrégate valué is each more 

 than $ 3.000,000.00. 



To show the increasing interest taken in these institu- 

 tions by the State Governments, there were added to the 

 permanent endowments of these institutions during the year 

 euding June Ist, 1905, $ 3,965,149.84, most of which was in 

 buildings for college purposes for which specifie appropiations 

 had been made by the State Governments. This is an average 



