Enclosure: Account of Loans from the Literary Fund to the University of Virginia, 9 November 1821
Enclosure
V
Account of Loans from the Literary Fund to the University of Virginia
THE UNIVERSITY OF VIRGINIA,
To the LITERARY FUND, DR.
FOR LOANS.
| FIRST LOAN. | |||||
| 1820—April | 13, | To | warrant on the treasury in favor of A. Garrett, Bursar, for which a bond of the rector and visitors dated the 10th April, 1820, was received bearing six p. centum interest payable annually from the 13th April, 1820, | 40,000 00 | |
| SECOND LOAN. | |||||
| November | 13, | To | warrant on the treasury in favor A. Garrett, Bursar, for which a bond of the rector and visitors is held, dated the 7th of November, 1820, and bearing an interest of 6 p. centum, payable annually from the 10th November, 1820, | 20,000 00 | |
| THIRD LOAN. | |||||
| 1821—Augt. | 20, | To | warrant on the treasury in favor A. Garrett, Bursar, for which a bond of the rector and visitors is held, dated the 3d August, 1821, and bearing an interest of 6 p. centum, payable annually from the 6th August, 1821, | 29,100 00 | |
| $ 89,100 00 | |||||
| Note— | The principal sums of the above loans are payable in the mode prescribed by the act of the General Assembly, passed the 24th of February, 1821, entitled “an act, concerning the University of Virginia.” |
Richmond, 9th November, 1821.
Errors Excepted.
JAMES BROWN, Jr.
Accountant of the Literary Fund.
Printed in , 29; at head of text, in brackets: “Exhibit A”; at foot of text: “A Copy. ALEX: GARRETT, Bursar, U. Va.” Also enclosed in TJ to Thomas Mann Randolph, 4 Dec. 1821.
The bond of 10th april, 1820, of the University of Virginia Board of Visitors to the President and Directors of the Literary Fund, not found, was likely enclosed in TJ’s letter to Thomas Mann Randolph of that date. The act of the general assembly of 24 Feb. 1821 authorized the president and directors of the Literary Fund to loan the rector and visitors of the University of Virginia up to $60,000 out of money received from the United States government or any other available funds in order to complete construction of the university and assist with preparations for opening it. The act further provided that payment of the principal could be deferred as long as the Board of Visitors chose ( [1820–21 sess.], 15).
Index Entries
- An act concerning the University of Virginia (1821) search
- Brown, James (1780–1859); as Va. Literary Fund accountant search
- Garrett, Alexander; as University of Virginia bursar search
- Literary Fund; and loans for University of Virginia search
- Literary Fund; University of Virginia Board of Visitors reports to search
- Virginia, University of; Administration and Financial Affairs; Account of Loans from the Literary Fund to the University of Virginia search
- Virginia, University of; Administration and Financial Affairs; Bond for a Literary Fund Loan to the University of Virginia search
- Virginia, University of; Administration and Financial Affairs; Bond of University of Virginia Board of Visitors to Literary Fund President and Directors search
- Virginia, University of; Administration and Financial Affairs; funding for search
- Virginia, University of; Board of Visitors; and loans for University of Virginia search
- Virginia, University of; Board of Visitors; annual reports of search
- Virginia; General Assembly search