With reference to the threats of the governor, mentioned in an editorial, the Transcript says: "Here the governor's malice is as ignorant as it is impotent. The State and college were divorced long ago; it has no more exemption from taxation than every other college has, and pays taxes on nearly a million and a half dollars' worth of real estate in this city the same as any other corporation. There is no way for Gov. Butler to begin to make the college pay in loss of money for refusing the degree. The loss of money to be apprehended in the matter was from those who would have withheld intended gifts if the degree had been conferred. But the overseers, representing in their own persons many millions, waived all this from the start, and decided the question on principle simply."
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