A committee consisting of the following members, Messrs. Sulton Banks, David Lattimore and Wm. Dunbar was appointed to prepare the plan of a lottery for raising a sum not exceeding ten thousand dollars and to make a report to the next meeting of the Board of Trustees. This meeting was held at Selsertown. The committee appointed for the purpose of preparing a lottery scheme reported as follows: That 2,000 tickets at $5.00 a piece be sold, $10,000. No. of prizes: 1 of $2,000 is $2,000 2 of 500 each $1,000 10 of 100 each $1,000 20 of 50 each $1,000 200 of 25 each $5,000 The above prizes to be paid deducting 15% for the College. A committee appointed to select a suitable location recommended one on the lands of Mordecai Throckmorton near old Greenville, in Jefferson county. The Board at its meeting agreed on this site recommended, and ordered their next meeting to be held at old Greenville, on the 11th of April following. At this meeting the resolution proposing a site for the location of the college was repealed. The next meeting was held at Selsertown. At this meeting the Board on the 25th of July, 1803, accepted a donation of lands offered by John and James Foster, and Randall Gibson, adjoining the town of Washington, and embracing Ellicott's Springs. The appeal to the public for aid was unproductive; that to Congress was responded to by a grant of a township of land and some lots of ground in and adjoining the city of Natchez. The next meeting of the Board of Trustees was held in Natchez, on the 28th of January, 1804. Colonel Cato West, at that time the acting governor of the Territory, reported "that the lots in the city of Natchez, and an out-lot adjoining the same, granted to the college by Congress, had been only located, and that upon these lots were several valuable buildings." But a private individual and the city of Natchez laid claim to these buildings and an act was passed in Congress regranting them to Natchez. Appeals were made to the public but were not responded to. A loan from the Legislature was prayed for but all the efforts on the part of the trustees amounted to nothing. The Trustees were reassembled in April, 1810, having had no meeting since December 21, 1805. In the meantime the Washington Academy had been established and conducted by Rev. Jas. Smylie. Subscriptions were raised and frame buildings erected on the college grounds. A meeting of the two Boards was held and the building of the Academy and the subscriptions which had been raised for its support were transferred to the Board of Trustees of the prospective College. The Board of the Washington Academy also had lottery tickets on sale, but found great difficulty in disposing of them.