Thomas Jefferson Papers
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To Thomas Jefferson from Arthur S. Brockenbrough, 1 April 1826

April 1. 1826.

Dear Sir,

The above statement shows the situation of Funds of the University of Virginia to the 31st March 1826 without breaking in upon the Annuity or borrowing we can’t possibly get on with the buildings and other expences would it not be practicable to borrow $25,000 by pledging, about $3000 of the annuity to pay the interest and the gradual redemption of the Principal? By the fall if the Buildings can be carried on we shall be able to render a more correct state of our finances than we have ever been able to do in consequence of the unfinished situation of our buildings and consequently unsettled accounts, the foregoing is respectfully submitted by sir your most Obt Sevts

A. S Brockenbrough P. UVa

A Statement of the Funds of the University of Va on the 31 March 1826
March 31 Balance with Bursars hands 656.52  424 59   Salaries of 7 Prof: a 1500 10.500   
Annuity for 1826 15.000   [. . .] do 8 mo 1.000  11.170
Amt debts to the University of Va including all the rents of this year } 2.485 12 Librarian salary $150.    
Balance of subscriptions pr Thomas rept 30 Sept 25 } 4.306.13      Seet: to the Faculty  50   200
Recd to this time  513.00  3.893 53 Annual ordinary expences of the Establishmt 3.500
duties reclaim from Congress 3.000 00 Debt to the Library Fund 8.193 74
deficient 322 18 debt to Individuals 1.761 56
      do to Perry for Land due next year 3,630.57   
$ 25155 30 $ 25.155 30

DLC: Papers of Thomas Jefferson.

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