Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1867-10-05

by the Governor, with concurrence
of the Senate. Tho last Legislature
passed an act establishing system
of Common Schools, and regulations
were adopted concerning tho school
fund. Tho Board was peccssary FOR
tho management of the fund and of
the schools s---and the superintend-
ant was essential for organization
of the Board. So, near tho adjourn
ment of tho Legislature, Pryor Lea
was appointed.
The Board of Education had its
first meeting on the 18th of Novem-
Der last. There wero no funds ON
hand to be distributed for schools
But the Board proceeded TO make
collections on the terms prescribed
by laY, as fast AS practicable.
The following shows the present
condition of school funds, as re-
ported by the Treasurer.
/ From 31st August 1866 to 1st Au-
gust 1867, railroad companies have
paid interest as follows:
III. & II. c., of annual
interest :: S25 $50 W
H,&T, c., ] installmcnt $3.50 90
$4,000 90
B. B. B. & G., / inst'mt 6,12O 90
Washing'n Co, ! 4" BIZ 9o
Tex, g. NO, / " 16,143 75
Spccio f 54,641 10
Converted into paper
currency topay salary Of
Superintendent Of Pub
lie instruction. 1,l32,42
Specie. h3.5O9 81
Rel. said cur'cy on hand. 1,5O
Since the Treasurer's report SI2,-
600, currency, collected as proceeds
of U. s. Bonds have been deposited
inf the Treasury, to the credit of the
school fund. For further informa-
ton as to the prospect OF recovery
Of funds, &C., and amount already
collected in hands of Messrs. Sven
son & Perkins, of New York, belong
ing to this fund, see the statement
herein contained, on the subject OF
the U, S, 3 per cent. Indemnity
Bonds
Amounts Of principal due from
pn;lronI Cnn, pn,,i no
Houston & r. c., $4,000 90
Buffalo B, B. & c., 100000 90
Washington Co., 37,Ol7 90
Houston n. & B., 295,800 90
Texas & N. O. A30,50O 90
Southern Pacific = 10000 90
&l,753,317 90
Companies falling to pay annual
interest since the stay law Of 1861 :
Buffalo B. B, & c.; Houston II. &
B.; Washington Co. +; Texas Il NO. j
Southern Pacific.
Except ! instalments by some of
them, rs above.
Companies failing to pay ! install
ments Houston Te& B. South
Pacific.
Amounts of 2 per cent. sinking
fund due 1867
From Houston & T. c., $67, 100000
I" Buffalo B. B. & c., 59,4S0 90
+" Houston Il. 4 b., $4,000 90
/" Texas & N. o. $500 90
f" Southern Pacific $4,000 90
S242,54O 90
Amount of 8 per cent. specie State
Bonds, deposited in the Treasury to
the credit of the school fund, in sub
stitution for5 per cent. o. S. bonds
belonging to- tie school fund, but
used by the State for other purposes
sS2,16S SO.
The Superintendent of Public In
struction has made brief report OF
his transactions disconnected from
the proceedings ofthe Board of Ed
ucation. 1t appears that after his
acceptance of the office, the 18th of
November last, he continued at and
near Austin until about the last of
December, attending t. his. duties,
among which were correspondence,
particularly a circular to the Coun-
ty Courts concerning and accompa,
nying the Common School Law, and
au Address to the People of Texas,
on the subject Of education. After
leaving Austin, hetraveled in other
parts of the State, giving attention
to SCHOOLS and education in general
Or, his recent return to Austin be
issued another address on the sub
feet of education, making import
ant suggestions, rs resulting from
his observations and studies on the
subject, TO which he has devoted a
large portion of his time.
uNrUEnsrrIEs-LAw AND FUND.
AZ required by Joint Resolution
Of the hast Legislature a Board OF
Administrators ofthe University of
Texas was appointed. The Board
met and organized on the 18th of
Feby. 1867. After considering the
various questions connected with
their duties, it was concluded not TO
make selection of a site for the
University, but to examine localities
where donations were offered, and
points which presented favorable
considerations. The proceedings
Of the Board have been Published.
The Legislature SET aside twenty !
Eve ofthe fifty leagues Of University
land. for the endowment Of the
l.East Texas University aud ap-
pointed Board Of Administrators
10 select a site for. the same. ] am
pot advised Of any action Of thIs
. Beard