, 1872-12-10

failed to report, as required, the amount Of its
gross earnings for the year 1871, or to pay
license fee Of s per cent thereon, as required by
law, according to which it is subject to forfeit
Ire Of it's charter; also, that the Northwestern
Telegraph Company has failed to nay the tax
due therofrom Of 81 mile annually for: the
years 1876 and 1871 !; and more stringent legisla-
tion for the collection Of taxes from corpora
tionE is suggested. In this connection it is sug-
gested that telegraph companies should be re-
quircd to pay q specific tax On their gross eaEn-
ings; also that express companies doing busi-
ness ii the State should be taxed on their gross
earnings within its limits.
STATE TRUST FUNDS.
The Secretary makes 3 complete statement
OF the condition of the different State Trust
Funds, and their income, the principal being rs
follows for the year ending Sept. 2v, 1872. the
aggrefte Of al bsng g
by tho United States, moneys from forfeiture or
escheat, md trespas5 penalties on school land,
fines for breach Of penal Laws, moneys for ex-
emption from military duty, s per cent On sale
of Gove5a1aent }ands)5Reee'pts. slo9 az % Of
Der cent On sales Of United States lands
in Wisconsin for 1871. OF this, 91oo 1000 was IN
vested in Milwaukee, water-bonds,- S21 ,535
loaned to schoo!- districts for building, The
productive fund has increased 5100, ,283 during
tho year, md is now 324s2 III: The income re-
coipt5 last year were $17G,3G0, mainly from in
terest; the disbursements $174, ZIG, mainly ap-
portiored to districts for children.
University Fund (From sales Of lands granted
By Congress- )-Recelpts S5.e58, Of which So, OLD
was loaned. The production fund has decreased
S155.50 in the year, and is now $206,9 The
income of the year was $40, $3.50, which Was paid
the University Treasurer.
Agricultural College Fu7d~-( From sales of
lands granted by Congress- )-Reeeipts, 911 $3.50;
disbursements, S1o, ,729, including from . bat-
ance 1ast ysar, Of which $17 900 was invested in
State bonds. The productive fund has increased
s23.263 in the year, and is now 9206053 The
income receipts havo been S13. .813, Of which
s13, Las was pnid the Treasurer Of tho State uni
Normal School Fusad-(From the proceeds OF
tho sale Of swamp lands set apart therefor)-
Receipts, :3137, ,233 Of which $11s,003 was from
sale Of lands. Disbursements, including from
balance on hand last year, S167, ,162, Of which
800. 600 was invested in Milwaukee Tater-bonds,
$50, 100 in State bonds, $4,000 in River Falls
town bonds for building Normal School, 213, 100
in other bonds. The productive fund has in
creased 9153 261 last year: and is now S890, ,372.
The income was SG2, ,222, of which S15,795 vent
to Oshkosh, 913, ,572 to Whitewater, S12, ,116 to
P1atteville Normal School, 81 SIT for Institutes;
and there is balance on hand, including last
years balance. of 95S, ,G69.
Drainage Ttnd-[ Proceeds Of lands set apart
for drainage, and annually apportiored to the
counties where they lie in proportion to sales in
ch)-Receipts, s146, ,53B, mainly from Gales Of
lands; and amount distributed, including from
balance last year, $173, ,o1a.
STATE Lands
The report Of tho Commissioners Of State
Lands show that $50. 1912 acres we're sold the