14 REPORT OR STATE UNIVERSITY. The necessity for rebuilding and refitting the Mechanical Building will not be questioned for a moment. "The Cottage" is too small and will continue to be inadequate to the demands made upon it from year to year. The present plan will permit this building to be enlarged so as to provide a home for eighty to ninety girls, with dining hall under the same roof That it is desirable to purchase the piece of land on the north of the Campus so as to touch the quarter-section line will be made clear, by inspection of the map which accompanies this paper. The deficiencies in connection with the heating and furnishing of the Boys' Dormitory, and with the enlarged plans of the Girls Dormitory represent a business ,and moral gain that needs no explanation. The small contribution to the building fund of the Gymnasium will doubtless be cordially approved. APPROPRIATIONS. Contingent Fund, two years Boys Dormitory. Heating, plumbing, etc Furnishing Oirls Dormitory. Heating, plumbing and third story Furnishing Annex.to Mechanical Building To build and equip Mechanical Building Gymnasium and Armory To Richard Ryland Land and improvements Enlarging Girls Dormitory Total for current expenses Total for buildings and grounds $40,000 00 2,723 75 1,502 70 $4,517 62 1,272 15, $1,498 00 10,000 00 2,000 00 250 00 1,235 78 13,000 00 $40,000 00 $38,000 00 FINANCIAL PLAN. To provide for the buildings and their equipment, and also for improvement to the University grounds, I suggest that a loan of thirty-eight thousand dollars be effected by the State, and that to provide for the payment of the debt thus incurred the State issue thirty-eight bonds of one thousand dollars each, bearing interest at the rate of four per cent per annum ; said bonds shall be redeemable at its pleasure after two years. An ad valorem tax of one and one-fifth cents on each one hundred dollars of all the taxable property in the State will pay the annual interest on these bonds and provide a sinking fund for the principal. Should these recommendations receive the approval of your Honorable Board and of his Excellency the Governor of the State and of the honorable representatives in the State Legislature, the University will be able to provide adequately for all the depart-
