It may save time here to say, as has been said before, that this claim was never recognized by the government.
The Finance Committee made a report of the Endowment fund and liabilities of the College:
Bonds of the city of Petersburg and interest, . . . . . . $19,000
Bonds of the State of Virginia, . . . . . . . . . . . . . . 3,000
———-
(Classed available),. . . . . . . . . . . . . . . . . . . $22,000
Bonds Southside Railroad Company, guaranteed
by city of Petersburg,. . . . . . .$15,800
Stock Petersburg Railroad Company, 8,000
———-
$23,800
———-
$45,800
———-
Private or personal Endowment bonds, . . . . . . . . . . .$24,900
Legacy of W. B. Jones, . . . . . . . . . . . . . . . . . . . .500
———-
$25,400
=======
Confederate bonds, . . . . . . . . . . . . . . . . . . . $37,000
Confederate currency, . . . . . . . . . . . . . . . . . . . 7,536
———-
$44,536
=======
Leaving out the Confederate bonds, which were worthless, the balance
of available and possible assets were $71,200
Liabilities as far as known, . . . . . . . . . . . . . . . 8,854
———-
Net assets, . . . . . . . . . . . . . . . . . . . . . . . $62,346
This, under all the circumstances, might be considered a favorable showing, and the credit of it is due to the faithful Investing Agent, who also showed his skill and faithfulness by bringing through the war the "Savings and Insurance Company," of which he was president, free from wreck.
The resolution of the Virginia Conference in regard to the removal of the College had been allowed to sleep since the committee's report, in March, 1864. It was again brought forward by the following resolution, offered by Richard M. Smith, Esq.:
"Resolved, That a committee of ——— be appointed to ascertain what accommodations and on what terms and what inducements generally can be obtained for transferring Randolph-Macon College to Petersburg, Richmond, Lynchburg, or any other place, and also the earliest day at which accommodations can be at command, and report to an adjourned meeting of this Board."
This resolution was defeated by a vote of 12 to 6.
The following, offered by Judge E. R. Chambers, was then adopted: