XII PROCEEDINGS OF THE BOARD OF REGENTS. 



The Secretary then read a letter from Mr. James S. Morrill, 

 rcturniiio- his thanks to the Regents for the resolutions concerning 

 Senator Morrill, his father, passed by the Regents at their last meeting. 



The Secretary then announced the appointment of the following 

 Regents: 



Senator William P. Frye, President pro tempore of the Senate, 

 requested to be present in the place of the Vice-President, deceased. 



Senator William Lindsay, appointed March 3, 1899, to succeed 

 Senator George (Tra3^ 



Representative R. R. Hitt, appointed January 4, 1900, to succeed 

 himself. 



Representative Robert Adams, jr., appointed January 4, 1900, to 

 succeed himself. 



Representative Hugh A. Dinsmore, appointed January ■!, 1900, to 

 succeed Representative Joseph Wheeler. 



The Secretary then presented his annual report to June 30, 1899, 

 stating that customaril}^ the Secretary made a personal and viva voce 

 report in a manner which enabled the Regents to question him on any 

 points on which they wished information, but that now, by the advice 

 of the Chancellor, as there would probably be scarcely time for later 

 special business, he would do little moi-e than refer the members to his 

 printed report, which the}" had already received. 



He then spoke of the fact that while the Institution was never so 

 well known abroad or more honored than now the enormous increase 

 of endowments of most institutions of learning in this country left it 

 with relatively far less means than it once had. With the exception of 

 $200,000 from Mr. Hodgkins its fund was now practically what it vi^as 

 fifty years ago, and he urged that its future independence and useful- 

 ness were concerned in its being able in some way to command such 

 added means as would leave the Regents with a free disposition of a 

 larger fund than at present and one absolutely under their own control. 

 He had intended to ask the Board to use part of the time at their dis- 

 posal at this meeting in discussing the question and in advising him as 

 to their Avishes upon this point, which he had thought l)etter not to 

 enlarge upon in his printed report. Under the circunistances ho would 

 not press the matter now, but he hoped that what he said might receive 

 the consideration of the Regents as a part of his report. 



On niotion the Secretary's report was accepted. 



Senator Henderson then presented the report of the Executive Com- 

 mittee to June 30, 18!»1>, which, on motion, was adopted. 



Senator Henderson then presented the customary resolution relative 

 to income and expendituro, as follows: 



Resolved, Tliiit tlie income oi" the Institution for the fiscal year ending June 30, 

 1901, be ai)pro])riate(l for the service of the Institution, to be expended by the Secre- 

 tary with tlie advicre of tlie Executive Committee, witli full discretion on the part of 

 the Secretary as to items. 



