Memorial addressed from the University of Michigan Board of Regents to the Senate and House of Representatives of Michigan requesting for remission of a debt of $100,000. The Board notes that, "The interest has been remitted for the four years past, but as the principal is now about falling due, and all the disposable income of the University fund is pledged for the redemption of the stock issued which represents the loan, the relief prayed for can no longer be delayed without causing serious embarrassment to the University." (Page 1). The report gives general financial information for the University and information about the debt. The document is signed by Henry P. Tappan, President of the Board ... Jan. 9, 1857.