PURDUE UNIVERSITY FUND.
Mr. Langdon's bill [S. 177. See page 28, vol xx], providing for re-investment of Purdue University funds in 5 per cent. twenty-year State bonds, being read the third time--
Mr. LANGDON explained: Its only purpose is to authorize the Trustees to pay the money of the University now in hand--$15,000--in the State Treasury; the State officers to issue to the Trustees a non-negotiable bond for $340,000, drawing 5 per cent. interest, taking up the bonds now held by that Institution for $125,000 and for $200,000, which have only some two year longer to run.
The bill passed by yeas, 38; nays, 1.
