Industrial Education in the United States a Special Report

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It is educational in so far as it is in illustration of studies taught in the lecture or recita- tion room. ' ' FINANCIAL CONDITION.
The status of the agricultural land scrip fund donated by the United States Govern- ment is as follows: The scrip represented 207, 920 acres of public land, which was sold for about ninety cents per acre, realizing in currency $188, 928. This amount, by judi- cious management, has been increased to $227, 150, which is now in the State treasury, represented by twen
...ty year bonds running from 1876 to 1896, bearing five per cent, in- terest per annum. This fund, by the terms of the act of the State legislature of Febru- ary 28, 1878, is equally divided between Alcorn University and the Agricultural and Mechanical College, giving to the college $113, 575, or an annual interest of $5, 678. 75.
With the means furnished by the legislature in their first appropriation for the year s 1880 and 1881 ($85, 000), they finished the college building, erected a dormitory for 200 students, a president's house, together with temporary barns and stables for stock.


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