128	Tuition and Room-rent of 128 students at $26.00 =	$3328.00
16	Tuition only from 16 living out of College at $25 =	$400.00
1	Tuition only from 1 out of college half the session =	12.50
10	Receive their education free	00.00
1	The case of one James E. May to be considered hereafter	00.00
156	Whole Amount of Receipts	$3740.50

Amount paid David L. Swain President	500.00
Amount paid E. Mitchell Professor	625.00
Amount paid Jas. Phillips Professor	400.00
Amount paid J. D. B. Hooper Professor	400.00
Amount paid Man. Fetter Professor	400.00
Amount paid Wm. Green Professor	400.00
Amount paid Will. H. Owen Tutor	200.00
Amount paid Ralph Graves Tutor	200.00
Amount paid Bursars Fees	387.50
Amount	3512.50

Balance of this session to be accounted for	$228.00
Balance in U.S. Bills, close of last Sep.	195.00
Balance remaining with Bursar besides	29.97
Whole Amount accounted for on following pages	$452.97

Account of this money with explanations on the following pages.

1. I have in New York at this time $500.00 dollars ready to be sent to Vienna for the purchase of the minerals and should have had the same on the way thither before this time but that I have been expecting to go north immediately after the commencement and proposed to make the arrangements for the transmission of the money in person. I shall have it forwarded immediately after commencement. I have received $400.00 from you and shall want another hundred for completing the sum. I suppose there will be no objection to my applying one hundred of the sum stated on the foregoing page in that way.

2. The annual appropriation for the Laboratory for the year 1840 may without impropriety be made at this time and with reference thereto I have already located other funds in New York and Philadelphia. I can attend to the necessary purchases better in the summer vacation than at any other time.

3. For the tinning of the roof of the South Building you have already paid Reeder and the cost of the tin and probably suppose that the thing was finished. But before the tin was applied there was a necessity for new sheeting to the roof, the erection of scaffolds and other work of the kind for which the lumber seller and the carpenter were to be paid. Bills were created with reference to these objects. It makes no difference to me whether I present them to the Faculty or to the committee of the Faculty to whom is entrusted the expenditure of a certain sum upon the buildings or to yourself but to prevent the mixing of accounts I have thought it better to present them to you. You are therefore charged with the bills created with reference to this object as also with the carpenters bill for work down to the 1st of November 1839 when he entered the employ of the committee above named for the whole of his time and at regular wages.

4. Beyond all this there will I find remain the sum of ninety one dollars 7/100 which shall be put into your hands at commencement. The account submitted to your consideration is therefore as follows.

Whole sum exhibited on the first page —$452.97

Waitts bill for work connected with tinning	$46.00
Benches in the Recitation Rooms	15.00
Other charges by the Carpenter	11.10
Merritt's bill for lumber	52.51
Purefoy's bill for do.	15.91
Waitts bill for do.	3.58
Blacksmith's bills connected with the roof or elsewhere	17.80
Balance in hand to be paid as above	91.07
Appriations for minerals and Laboratory	200.00	$452.97

5. The case of James E. May of Greensboro, Alabama. He occupied a room in college during the last vacation and at the opening of the present session recited a few times during the first week — then concluded that his health would not admit of his proceeding with his studies and recited no more. He had no money in hand to pay tuition or anything else and abandoned the idea of being a member of college before I had time to make any arrangement with him. He continued to live in college saying constantly that he should leave shortly — down to the beginning of the present month (May), when he went home. In the intermediate time he recited a few lessons to the President on Law.* For the instruction given the President would receive no remuneration but desired him to pay the usual fees of the Students into the treasury of the University. Against this sum May reluctated.

The students, especially those from a distance are sometimes without funds or the means of raising them at the opening of the session. It does not answer well to interrupt the course of their recitations. I am accustomed therefore to assume the responsibility for them and collect the money if I can and lose it if I cannot. I have some 300 or more dollars in this category now, but hope to keep the amount lower hereafter. I am not certain that in the case of Mr. May it will be of any use to try to get the money from him or that I can with propriety be called on for it. I have not included it in the account residence but shall of course submit to the higher powers in relation to it.

* More — he recited regularly to the President missing but one lesson so that he has no excuse for declining to pay.