Danville, December 15, 1871
At a called meeting of the Board of Trustees of the Caldwell Institute held in the basement room of the 2nd Presbyterian Church in this place, the following members of the Board were present - George F. Lee, James M. Meyer, S.R. Roland, William Holmes, Jackson Givens, William Pawling, & Ormond Beatty, Robert Russel, when the following orders were adopted, viz.
Messrs. Roland & Metcalfe were appointed a committee to audit the accounts of the Secretary and of Mr. Barbour and to report on the whole financial condition of the Institute. Also to report some proper action of the Board to make secure the members thereof who have borrowed money for the care of the Institute.
Messrs. George F. Lee & Ormond Beatty were appointed a committee with full authority of the Board to arrange & settle all claims between Mrs. Charles Caldwell & the Board.
Board then adjourned to meet at 10 o'clock a.m. on Friday December 29th at 2nd Presbyterian Church.
Friday, December 29, 1871
As the committees were not ready to report, the Board adjourned to meet on Friday January 12th 1872