History of the University of Michigan

Cover History of the University of Michigan
History of the University of Michigan
Elizabeth Martha Farrand
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In 1851-52 the expenditures amounted to $15, 038. 00; in 1862-63 to over $40, 000.
In 1862-63 less than 3, 000 acres of university lands remained unsold; the University was conse- quently receiving interest upon an endowment fund which had nearly reached its limit of growth.
In 1852-53 Dr. Tappan received a salary of $2, 000 and his house-rent, he occupying one of the "professors' houses. " At that time there were in the literary department three professors who drew a salary of $1, 000 each wit
...h house-rent, and two who received $1, 150 each without house-rent. In the medical department there were four professors drawing a salary of $1, 000 each. In 1862-63 the president's salary was $2, 250 and house-rent; in all other cases the item of hoiise-rent was dropped, and the occupants of the "professors' houses" paid $250 yearly rent. There were seven professors in the literary department with a salary of $1, 500 each; three in the literary, three in the law, and five in the medical departments with a salary of $1, 000 each, and in the literary department three instruct- ors, one with a salary of $600 and the others of $500 each.

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