The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1862-01-15

1890. ioha caustd by the non payment
interest. More than this: under our Con
sntution, all losses to the permancn
oehool and University Fund which shall
have been occasioned by the defalcation
encouragement, or fraud of the agents OF
onicors controlling and managing the
same, become permanent debt agains,
the State. Large losses to both OF these
FUNDS have already occurred, and the
amount is steadily increasing, for the wan,
OF proper attention and proper laws. The
responsibility for these losses rests with
the law making power of the State; aud
the responsibility for all further loss must
rest there until by the enactment Of proper
laws, that responsibility is placed else
Where. ! recommend that provision be
made requiring the prompt closing up of
all loans which are insuihciently secured
or on which the interest has not been
paid within reasonable time. unless the
borrowers shall entitle themselves to
further time by giving further securities.
or payment of the interest due. I also
recommend that where loans are now suf-
neiently secured and the interest paid, an
extension of time be given to the borrow
ers, II desired, under proper limitations;
that no new loans be made; and that sums
OF tho principal Of either of said funds
that may be paid, shall either be paid into
the State Treasury aud used as other State
funds, the State paying interest thereon.
or invested for the support Of the proper
fnnd either in the stocks Of the United
States or Of this State.
The State University is now in success.
-!aa efperstia LA although much e.a EMBARRASSED
ior want el means arising from the non.
payment OF Interest due on loans of its
permanent fund. The enactment Of laws
requiring the more prompt payment Of
interest. and for the safety and better in
vestment OF the permanent fund as above
suggested, will enable tic Trustees and
Faculty to extend the usefulness OF the in.
stitution. am decidedly of opinion that
not only interest Of the Institution. bst
aiso the Interest Of the State reauire.
that You should provide Military De.
partnIsnt Of the University, aud should
establish Military Professorship therein. |
The saASexperlence of the last few months
mas shown US the necessity Of military
knowledge among cur people. BY giving
70 the young men who may attend the |
University, military instruction and train. |
ing we will not only greatly benefit them,
but will also have made provision |
Tor what our present experience shows
may at any moment become necessity to |.
our people. The Board OF Education at |
their recent session directed the Trustees |
OF the University to make proyisionsfor
Military Department therein az soon az
the General Assembly should make the t
necessary appropriations therefor, and |
earnestly recommend the subject to your
favorable consideration.
THE pESITENrIARY.
The affairs Of the Peuitentiary have
been well conducted during the last two
years. Its present faithful and efficient
officers, although laboring under many
difficulties, have, by their cal efu and skill.
tut management, maintained excellent dis.
clplne, preserved, ina remarkable degree.
the health of the eonvicts, and have 80
economical It's expenses, that OF the sum
appropriated at the last regular session for
the general support Of the prison, there
remains unexpenaed an amount so large.
that. IN the opinion Of the Warden. no
appropriation tor that purpose will be
needed at the present session These Of
beers, however, as well as those in charge
81 The Insane Asylum, the Asylums for
The Deaf and Dumb, and the Blind. and
III others who have been charged with the
duty OF procuring for the State, eilher L.
Dor, materials, or merchandise of any kind
For ordinary State purposes, have been
embarrassed for the want Of ,
money. and have been compelled to carry |
N their operations. and make their pur-
shases at great disadvantage with war
ANTS ON the Treasury OF course they
have been compelled to pay higher prices
n warrants than they would have had TO
pay IN cash. As soon as these warrants are
ieliyered, they are presented at the treas
lry, and endorsed unpaid for want Of
unds, and from that time draw eight per
cent interest, SO that the excess OF price
md interest are SO much clear loss to the
State that might be saved if our taxes 9
we're promptly paid. Neither States nor 9
individuals can manage their affairs in this
manner without serious present embar-
assncnt and great ultimate loss, and in | {
NY judgment it is clearly your duty. as S
Guardians of the public welfare, to see to G
that this state of affairs shall not con- u
Inue. The reports Of the officers Of the S
'enitentlary show the sums, which, in S
heIr opinion, should be appropriated BY G
'ou, and the objects for which they are Il
ecded. While am satisfied that all q
hese ohlaets are lag Inmate and that the 4
accomplishment Of them would add much r.
the safety and completeness OF the il
rlson, can not in the present condition b
u taxaaas, sa.1.G- n