55 [ 120 ] 



This last sum is greater than tlie preceding, by ^8,331. The differ- 

 ence, according to tlie statement of JNIr. Renwick, is due to the various de- 

 ductions he has made on account of defective materials, imperfect work- 

 manship, and changes in the plan. 



In conclusion, the committee are fully of opinion — and in this they are 

 sustained by the commission of architects — that, by adopting the plan of 

 fire-proofing proposed by Mr, Renwick, and the proposition of the con- 

 tractor, the building will l)e rendered safe and durable, at a very reason- 

 able cost, considering the amount of work which has been bestowed 

 upon it. 



The committer do not consider it necessary to offer any remarks on the 

 cause of the accident which led to these investigations. If these recom- 

 mendations be adopted, the whole structure of the interior of the main 

 building, in which the accident occurred, will be exchanged for one 

 more ni accordance with the permanence and utility of the edifice; and in 

 this case they will consider the accident as a fortunate event. 

 All of which is respectfully submitted. 



JEFFERSON DAYIS, Chairman. 



W. W. SEATON. 



H. W. MILLIARD, 



JOS. G. TOTTEN. 



ALEX. D. BACHE. 



JOSEPH HENRY. 



On motion of Mr. Pearce, it was 



Resolved, That the report of the committee of the Board of Regents 

 charged with the examination of the building, presented this day, be ac- 

 cepted; and that the Building Committee be directed to proceed with the 

 work, in accordance with the reconnnendation thereof. 



The following resolution, offered by Mr. Davis and amended by Mr. 

 Fitch, was adopted: 



Resolved, That the Executix^e Committee be authorized to advance to 

 the contractor within the year ending 19ih March, 1851, in addition to 

 the sum which he is now allowed to expend upon the building within the 

 aforesaid year, the sum of |il7,980, in proportion to work done in addition 

 to what Yi'-ould otherwise have been done, and on condition of his paying 

 interest at the rate of six per cent, per annum upon the said advance from 

 tlie time at which he receives it to March 19, 185L 



The committee, consistingof the Secretary and chairman of the Execu- 

 tive Conmiittee,towhom was referred a resolution directing them to report 

 a system of keeping and disbursing the moneys of the institution, reported 

 the following resolutions; which were read, and on motion adopted: 



Resolved, That the Secretary- be authorized to appoint an assistant, to 

 act as treasurer, to take charge of the funds for the current expenses of 

 the institution, who shall give security for the safekeeping of all money 

 belonging to the institution which shall come into his possession: 



That the fuiids before mentioned be depsited, until otherwise ordered, 

 with Messrs. Corcoran and Kiggs, to the credit of the treasurer ol the 

 institution: 



That all bills presented for payment shall be audited and certified by 

 the Secretary, on whose order the treasurer shall pay them: 



