A law of 1862 took $104,339.43 from the university fund to pay for buildings.

The evidence

• “Of the 92,160 acres comprised in the two grants, there had been sold prior to September 30, 1866, 74,178 acres for the sum of $264,570.13, or at an average price of but little more than $3.50 per acre.* Besides this, the state had allowed the university to anticipate its income to the extent of over $100,000 for the erection of buildings. By a law of 1862 the sum of $104,339.43 was taken from its fund (already too small) to pay for these buildings. The resulting embarrassment made necessary the re-organization of 1866, which added to the slender resources of the institution the agricultural college fund, arising from the sale of lands donated to the state by the congressional act of 1862.”

  1879-history-of-rock-county/03-wisconsin-topography-geology-agriculture.md, PDF p. 139 / book p. 143

  Butterfield, C. W., et al. The History of Rock County, Wisconsin: its early settlement, growth, development, resources, etc. Chicago: Western Historical Company, 1879. Cornell University Library via the Internet Archive, archive.org/details/cu31924028871585.

  Grade A: Found on a page of one of our sources