Communication of Regent Hamilton October 28 1874 University Facts in Regard

Cover Communication of Regent Hamilton October 28 1874 University Facts in Regard
Communication of Regent Hamilton October 28 1874 University Facts in Regard
J M Hamilton
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Brayton in part payment for blocks Nos. 2 and 3 (see Statements, page 40). Blocks Nos. 2 and 3 cost $94, 315 51 in this manner. The Re- gents assumed a $50, 000 mortgage for Mrs. Brayton, " and transferred to the vendors the outside property, valued at about $30, 000, adjoining the University site at Berkeley which had been obtained from the College of California. The property (Blocks Nos. 2 and 3), was thus obtained without any addi- tional cash expenditure. " (See same page).
On the $50, 000
...mortgage $11, 386 25 interest was paid by the Regents, and also $2, 929 51 for some unexplained purpose amounting $94, 315 51, the entire cost of blocks Nos. 2 and 3.
The fourth block, vacant, and of no use to the institution, was subsequently purchased of the Brayton estate for the sum of $20, 000 (see p. 41).
SUMMARY.
Block No. 1 cost $49, 030 04 Blocks Nos. 2 and 3 cost 80, 000 00 Blocks " 2 and 3 cost, interest on mortgage, 11, 386 25 Blocks " 2 and 3 cost, item for which no ac- count is given 2, 929 26 Block No.


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