When Father Moreau made his visit to Notre Dame du Lac in 1857, he instructed Father Dillon to draw up an accounting of the financial condition of the institution. This statement was presented to Moreau at the meeting of the new Council of Administration on September 10, 1857,{1} and it included the following figures:
TABLE I
ACCOUNTS
Accounts Payable: $48,351.61{2}
Accounts Receiveable:
Worthless accounts: $601.00
Doubtful accounts: $35,437.54
Good accounts: $7,971.97
____________
$44,010.62
Book Accounts Payable: $14,753.88
Book Accounts Receiveable: $3,239.70
____________ ____________
$47,250.32 $63,105.49
(credit) (debit)
TABLE II
TOTAL ASSETS
Total Accounts Receiveable: $47,250.32
Real Estate of Province: $162,850.00
Movable Property: $48,090.97
_____________
Total Assets: $258,191.29
TABLE III
NET VALUE
Total Assets: $258,191.29
Total Accounts Payable: $63,105.49
_____________
$195,185.80
Worthless and doubtful Accounts: $36,038.65
_____________
Net Value of Notre Dame du Lac: $159,047.15