Monticello Apr. 9. 24.
Notwithstanding the reduction which was made in the rents proposed, it appears that that on the salaries will so much enlarge our surplus, that we may very safely engage 8. professors, and still have a surplus this year of 6000.D. and annually after of 5024. D the opportunity of procuring the anatomical professor is so advantageous, that I propose to make the provisional instruction for his engagement absolute. on this subject I ask your opinion, to be given to me without delay that it may be in time to be acted on. the statements below will enable you to form your opinion. Accept assurances of my esteem & respect.
|Estimated account for 1824.|
|Current expences of the Institution for this year||4,500|
|expence of procuring Professors||1,500.|
|Salaries of 8. Professors for Oct. Nov. Dec.||3,000|
|Surplus for apparatus, books, contingencies||6,000|
|To be paid by the annuity of 1824.||15,000|
|Annual account after 1824—as may be now estimated.|
|Rent of 6. Hotels @ 150.D.||900|
|100. Dormitories @ 16.D.||1,600|
|9. smaller do @ 12.D.||108||D|
|University rent on 218. students @ 12.D.||2,616||20,224|
|Expenditure.||Current expences of the Institution||3,000|
|8. Professors @ 1500.D. each||12,000|
|a military Instructor||200|
|Surplus for apparatus, books, contingencies||5,024||20,224.|
this year’s surplus for 6000.D. will afford for text books 1000. apparatus Chemical 1000. Anatomical 1000. Astronomical, physical, mathematical 3000.
DLC: Papers of James Madison.