James Madison Papers

Thomas Jefferson to James Madison, 9 April 1824

Monticello Apr. 9. 24.

Dear Sir

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.

Income.Annuity................................15,000.

Rent of 6. Hotels @ 150. D.................900

100. Dormitories @ 16. D...............1,600

9. smaller do. @ 12.D................108

University rent on 218. students @ 12.D.....2,616

____________

20,224D

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 of 6000.D. will afford for text books 1000. apparatus Chemical 1000. Anatomical 1000. Astronomical, physical, mathematical 3000.

Th: Jefferson

FC (DLC); copy in a different hand (DLC); copy addressed to General Cocke, in a third hand (ViU). Circular letter addressed to the Board of Visitors.

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