Capt Garrett I am told has set out to Richmond—If he should not succeed in obtaining a loan from the Bank to be paid out of the subscriptions as they come in, can any part of the annuity be applied to the discharge of the present debts of the institution? I shall have many calls from the creditors immediately Capt Garrett returns and should be glad to know before hand how the annuity is to be applied—What sum is to set apart for the Professors? What for annual expences of the institution? & what part if any, to go to discharge our present debts for work & materials on the Rotunda.