The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1866-01-18


IN which Ill departments Vt issruiog are
taught. A ersuch for instruction ~ the
science OF medicine is oow estsh hlisbed %
keokuky la order to obvis,s the secss.
sitY our young mso srs SOW ssder q
going GU. ot thu state TO pursue regular
course Of studies N jurisprudsncs, spd
to promote sound legal learning, l reou- f
nend the organization Of . Law depart.
meu,, with power TO confer diplomas
upon graduates which shall eu,i,,e their
professors to practice in ell the Coats et
While in some respects il would Be
desirsblo to have tho Ls~ School, vhs.
established, locstcd 1t The ssme plses
with t1s collegiate depsr,m~ot of The
university, ye, the fact that the United
States aud State Supreme Courts, s,,rscs-
ing st regular per,ods the most ewiaeos
legal talent Of the State, sit n. Dcs Moines,
aud that tho State Law L'brsry. = vslus-
bic aux xiliary to Law School. is slso iocs,.
ed ,he'e. present peculiarly strong srs.
sors for the location OF this schoui st tie
Capital LSv students wiu naturally
ssek c"urt cen,ets, where, while study
inE tho pr'ccipl's Vi n~, .l.y csa siss
observe it's practical working. ~ the eoo
due, Of causes. Il .4r ii nal.
The Auditor in his sb|c report has
s-,,- 4 ,-~- -,,s",'"" ~. r--~rut cou.
o,noN IT I'll. peruAaneut Sah""l Euhd -
Thi> sutjtct should receive your catly
and seriuu attention. The plan .rix Il.
nall udvp'ed vi distributing this fu"d
smony the counties, ve.tiux the school
!nbd cuMmission,rs with suthuriiy 70
'osn It ont to individuals, always Of doubt.
ful cxpcdirrcy, hns caused much en,bsr.
rs.smcut, aud re,uts4 in n mst~risI dim.
inu,io Of tho fuAd Through the 10.
cnmp-tency and mi-mauagcu,nt Of couo.
,y officers large ~m.u"t remains uusc-
counted for, aud .lhuuxh strenuous It.
forts have been msdo by thu Auditor Of
State to obtain satisfactory adjustment
Of tho accouuIs. great dl.cr punul,s still
exist IN many iustsnces between the ruWs
charged 20 Counties aud tho amounts
! accounted fr in their returns. Unless
. careful scttlrm.u, can bs ob,aiued with
those delinquent counties, aud tho reno.
dies against them strictly enforced, tho
ultimate loss to tho School Fund will
amount to many thousand dollsrs. ...
Tho last General Assembly BY the Ast
approved March 20, 1854, s,.su.p,ed -
provide for the gradual return Of the
School money to tho State treasury; bus
thus sct leaves it discretionary with the
County Supervisors 10 retain aud rclusn
il IL their co.u,ies, or direct It to the
State Treasurer for the purpose Of being
invested 10 u. 5 stocks, ~ they msy
deem advisable. Ii it should bc consid-
e,el exped'cnt to withdraw this iuud en-
,irely from the couu,iss, and invest it 10
safe and available securities, i, will be
necessary to modify the second section Vt
this Act, aud make it obligatory upon
County Trsasurers to transmit this tuud
Dfura,p,y .or or,Ivesdfsb.!'" itorEfs,,rfa.
com mend to you the suggestions Of
tho Auditor, whose opportunities Tor
thoroughly understanding this subject
en,,tle his views to great weight Our
Constitution makes the S,ate the rcspon-
s'ble aud perpetual guardian of this fund.
ultiuately liable for every dollar which
passes through its hands. From this
liability TIE State cannot sbsolvs itself;
aud the people bcing sutjrc, 10 ,sxn'ion
for all losses which may occur, the im.
portancc Of carefully pusIditr sud pre-
e., serving this find by .Ecien, legislative
enactment is apparent The educational
interests Of the State, aud the success Of
our common schools depend upon it; and
therefore this duty must, ut all hazards,
be faithfully performed. ..-
1t should be borne 10 mind that tho
4 principal constitutes the per,nsnsut sud
,uexhsustibc fund, while only the inte-
rest derived from its Investment creates
semi annual fund distributed su,ong the
schools of tho State tor their current
support. No mode Of investment or rate
Of interest is prescribed by tho
constitution. This matter is let. to the
sound judgment Of the Legislative
department. We may loun il ou. "a
individuals as We have heretofore done, o,
invest it III bonds either State or nutionsl.
| am oscldrdly # the opinion that Il
would be advisable 10 r"4ure the whole
Of this fund. now apa,lng smu' = :hs
c,uu,ics, TO be reiuin,d to tie State
Treasury MS soou us prsc'icahlc, aud &c
, invested Us to rend sh, ,u,eres' promptly
, receivable for apportioumen' among sh'
sch"ul-
Would it not bo juiici"us to redeem
our outstanding State bonds with ili
= fund, executing, in lieu thereof bond
barring the same rate .. Interest. payable
:, semi nnnunl'y to the School Fund, snt
> the princ'paI redeemabic at the ples.ur
Of the General Assem- by! We .r- nov
paying IN annual interest Of &35 .OO
upon our bonded d.'t. and the most q
this goes into the pocket. Of nonresideu
holden BY ad"pinx the plan her
suggested, We could, vi hin . r-sson.bl