The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1862-03-08

r ~ ti'h NJ lcasf may soon be claimed
niit TIE majority say that the act pro
; Vidrs Tor supplying the funds n, drawn
ana that ID" Governor ought hot 20 int
ha'c mat The state paper ~ supplied d
u' less valnc than the each Suppus,
mat the State papers ia not equal {,
cash, does not ihis act take our currenc,
ana supply its place with another tia
!. appreciated But viewing The qnes
ton as to value Of State paper. ",
would ask the majority q the committee
ny do they propose 10 take cash thai
belongs 10 oihers. and supply its place
with State houds7 1.-THE latter age cqua
10 cash why DO we not take the bond.
At once and save the circumlocutinn
The reason il obvious
A 10 the sinking inuls we wopIl saw
that hy ac. of January 81, 1854. two
millions ct dollars of the five per cent
United S'ates bonds are ret apart A. a
1pccial school fund, and the iuterf n,
thereon was TO be appropriated to com.
mon schools
By the net Of 18Th August. 1886 this
special fund was to Ice lohued o. rail.
road companies, and two per cent. inter.
est thereon to BE- paid annually and tina
interest consiiiutcd The sinking fund o.
be applied towards the payment ef the
loan Al as maiuiiy and THO ia,,,, 81: and
ia accnmulaiious go constituting tho
sinking fund were t. b. credited Ia thr
roads. Then hy ret Of February 1871
1850, thir sinking fund 20 paid nv the
road was hy their G. pscui ~ he enter.
81 as credit on their bonds. and 10 ~
n cNtingushmcut # So much r tho
bonds and the interest Il two per cent
and its Accommodations, were To bc placed
AZ credit TO the special school fund
The roads have many Of them given
their consent, and thus this sinking
fund has become pr. and parcel of iar
special school fund BY act nf August
29ib, 1880, this special acl..' fund and
'hr general fund derived from ol. tenth
~ The annual taxes. are trc'nrDd ~ be-
me. Then ~ section %. oct ION Of
the constitution, u Is provided that this
genera fund shall ha .pl g1rria,rd q,
n" support e free public sciaals and
ho IaR shall over /, made iiyrstine sand
fund 20 any other Wee" II the general
schoul IL ,hHs rscrci. sn1 ,hc siuku.
iund, which = The special sch fgn3
~ made the eeme "a the geauai nn8 .
tie twain made 11c isrlt fhr. s.'.kif..r
fund become sacred 49, the GENERAL /
schih fund is9 gut.ta r.. J;,..tui f
provides tsst We may iaka f-Ats nH t4o F
Assessors and { lirefrrs - TO- s.I.as
fouutrs i ia known tina, ilv this $50
c odd get -oia ana sitv,r r.- 30 ,,s,.
'Fl-- -
~ 'he sr'''~ 'E'.pl zoe = "a ''"' ''''.'''
.uHd Nv 800 ~. '.trA'N '''', nav .'A
already 'rh"' 80 W - Nt W
li".'s .h d t'70.'I N'' ''' =
are ~ s''u "'''a o., 'iN .'f
wnn'i w. n'i '' taxing .',''N VIZ IN .
~ 'hr it'tHff every .
general ''hr'l 'tAa fN
,- .''E a graf lf'i 'h tA' '"''..7 .' ''
e"Ssofs and O'''''''is
Ani thls, p"' "i . ''', ""'' "'
u'tion- NJ var en-" '' ".'' N
spclr. oNf ...a''' i'''' u. ''
clothed aun N'ld 'h lN'l'[ 't'.' "'''''
we 'afr f"i' ati .E'f
sound policy d"i''" .0'' ''''' VII
should hr sect 'H '"' ''.'''
3 '''nf'n'le- '" '.' '.N ". I'., ".
"."' ....,.....l
W. lake Treasury "H' 'A'- ''' i'{ '.,"
make 'h'h I''' w 'N'. '.' ''-'' ''''
tf >f'le dn'7 NN'.' iY''' '' Jaw
ing others the piI'U't', d. '. WV t'
t'nE 'Hih''F'- !"
- than o'''' H.'''' "
NV ''' U'l,i,'! a..'
Hlf'"Ay f's"'' f'.'