Transcribe Venable, Charles. Letter to Ward, Henry A. (1876-04-12)

to pay first. (after taxes and employees) is $1600. Out of the $4200. the $800 annually in pledged by the Board to pay interest on the $10000, and out of the $1600 the $1000 an= nually is pledged as a sinking fund. In order to make these appropriations the Board has cut down the appropriation to the Experimental farm $1000 & will if it is necessary abolish an Agricultural Scholarship which they had previously established yielding $400. Thus the $10000 is made sure. I have also seen the active encumber of the Executive Committee of the Alumni and I will have their cordial cooperation in getting the remaining $2000