17

also gave them the right to ex-
tinguish titles to lands on the moun-
tain which might be deemed
necessary to the University.

Mr. Fairbanks made the fol-
lowing statement which was or-
dered to be entered upon the
Records of this Committee

Mr. Fairbanks' Statement

"Abstract of University Lands
Notes of the Title.

No. 1. Sewanee Mining Company, [(Cep?]
Estell heirs' interest.) 4104 _ Acres

The S. M. Co. have deeded by [metes?]
& bounds to the University 5000 ac of
land, in 2500 of which they have re-
served the right to receive one
half of all moneys received for leases.
The S. M. Co. owned this land
at the time of their deed only as co-