The Land Grant of 1862 And the Land Grant Colleges
The Land Grant of 1862 And the Land Grant Colleges
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In 1825 the name of the institution was changed by the State legislature to Rutgers College in honor of Col. Henry Rutgers, of New York City, a generous benefactor.
The college began with the traditional classical course, which it has always maintained. April 4, 1864, the trustees organized science courses, and the college was declared by the State legislature to be the State college for the benefit of agriculture and the mechanic arts and the beneficiary of the 1862 land-grant fund.
The endowm...ent of 210, 000 acres in scrip was accepted by the State legislature March 21, 1863. It was sold by a special commis- sion appointed by the legislature, bringing $115, 945. 95, to which the trustees of Rutgers College added $54. 05 to make an even $116, 000, THE LAND GRANTS AND THE LAND-GEANT COLLEGES. 35 which was then invested in 6 per cent State bonds. As these bonds matured the capital was turned in to the State sinking fund and made part of the irreducible State debt. The State now pays 5 per cent interest on this fund to Rutgers College under a law passed in 1896 (Gen.
What to read after The Land Grant of 1862 And the Land Grant Colleges?
You can find similar books in the "Read Also" column, or choose other free books by Benjamin F Benjamin Francis Andrews to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In 1825 the name of the institution was changed by the State legislature to Rutgers College in honor of Col. Henry Rutgers, of New York City, a generous benefactor.
The college began with the traditional classical course, which it has always maintained. April 4, 1864, the trustees organized science courses, and the college was declared by the State legislature to be the State college for the benefit of agriculture and the mechanic arts and the beneficiary of the 1862 land-grant fund.
The endowm...ent of 210, 000 acres in scrip was accepted by the State legislature March 21, 1863. It was sold by a special commis- sion appointed by the legislature, bringing $115, 945. 95, to which the trustees of Rutgers College added $54. 05 to make an even $116, 000, THE LAND GRANTS AND THE LAND-GEANT COLLEGES. 35 which was then invested in 6 per cent State bonds. As these bonds matured the capital was turned in to the State sinking fund and made part of the irreducible State debt. The State now pays 5 per cent interest on this fund to Rutgers College under a law passed in 1896 (Gen.
What to read after The Land Grant of 1862 And the Land Grant Colleges?
You can find similar books in the "Read Also" column, or choose other free books by Benjamin F Benjamin Francis Andrews to read onlineMoreLess
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