fixing the number of professors they require, which we think should at present, be ten, limiting (except as to the professors who shall be first engaged in each branch) a maximum for their salaries, (which should be a certain but moderate subsistence, to be made up by liberal tuition fees, as an excitement to assiduity,)
This section of text regarding professors' salaries is particularly intriguing because it discusses the fact that professors should be paid a moderate subsistence. If you look at the Cavalier Daily's report on salaries on some of our most distinguished professors are rather high and nowadays that is what I believe is what it takes to get some of the best minds to teach at our university and why the moderate subsistence clause of the Rockfish Gap Report is no longer relevant if we want to keep UVA's standing as one of the world's best universities. Professors want to teach at the universities that are the best deal for them which is why we can no longer just pay them just a mere living wage as in the time when this document was originally written.