Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-11-22

and adiudicate the same by the rules
governing chaneery courts in like cases,
} which award by the commission shall
be final.
Sec. 10. All cotton tax money remain-
ing In the treasury of the United States
unappTOpriated after the expiration OF
three years from the time the commits
/, sion shall enter upon their duties, shall
be paid over 10y the secretary of the treas
ury 10 the several cotton States, in the
proportion the same was collected from
each Of said States, as shown by the
published reports Of the secretary Of the
treasury, which money so paid over to
said States shall be used by said States
for establishing and maintaining at least
two agricultural colleges in each OF said
States, on the following basis and plan,
to wit:
Not exceeding one-third Of the funds
50 turned over to said State shall be used
IN purchasing lands, in building houses,
in purchasing the necessary apparatus
for colleges Of such character, and one
years supplies, with the necessary
farming implements and stock for such
institutions; provided the several States
shall make up any deficiency which
may be necessary Tor that purpose. The
other two-thirds OF the funds so turned
over to each Of said States shall De by
1 each Of said States invested in some Sc
cure way As TO yield a semi-annual in
terest to pay the salaries OF professors
aud such hirelings Is may be necessary.
The true intent OF suer institutions,
afteT being established with the neees-
sary outfit and one years supply Of pro-
visions, being to make them, as nearly
as possible. sell-sustainiug by the labor
OF the students, after providing q fund
for the payment Of teachers and such
hirelings as may be necessary, to dignity
labor, and to rear up ia said States q
body Of young men who shall be well
and thoroughly taught the science Of ag-
riculture, practically % well as theOreti-
cally, and the modern languages.
As several northern and western nom
cottOn-produciug states ale credited
With the payment Of portion OF this
! fund, when the same merely passed
through the hands of factors and mer.
I chants in said States in the ordinary
course of trade, it shall be the duty Of
/ the secretary Of the treasury to trace
this fund back to the States from which
/ the cotton was shipped, and pay it over
TO said States as part of the school
/ fund, to which said State is entitled.
See. II. That IL snail be the duty OF
/ the secretary of the treasury to cause
bonds Of the United States to be pre-
! pared IN sums Of five hundred dollars
each and one thousand dollars each
/ payable at the treasury of the United
! States to bearer, st the end of forty
wears from date, in gold, bearing inter
est at the rate Of five per centum per
/ aOnum, payable semi-annually 10 gold
! with coupons attached, TO be called cot
/ ton tax bonds, to be signed and anthem
/ Iicated in the manner directed and pTO
1 vIded in section 3 Of the act entitled
I ''An Act to authorize ths issue of Unit
/ ed States notes, and for the redemptiOn
/ or funding thereof, and for funding the
( floating debt of the United Stales,U ap-
/ proved February %. 1852; which bonds
80 authenticated, shall be by him de-
| livered TO the person OF persons in whose
! favor the commission shall have made
I an award, or to his, her. or their admin
( lstTatOlss executors, assigns, or ATTORNEYS
Of record, in payment OF such claim or
claims certified by the chairman of said
board; provided, that when such claims
are for less sum than the smallest de-
nomination Of bonds, or On excess be
left OF claim allowed, over and above
| the exact amount Of a bond, certificates
for the odd amount, payable to the order
OF the claimant or his assigns, shall be
issued by the secretary OF the treasury;
which certificates, when presented il
amounts exceeding five hundred dollars.
shall be redeemed at the treasury de-
paltment, in the above mentioned
I bonds, so IaT as practicable, and for the
residue a new certificate shall be issued
ia like manner as provided for the
original issue. All claims certified by
the chairman of the commission shall
draw interest from the date OF such Ger
LITIGATION until the same are exchanged
for bonds IS above provided. The faith
Of the United States is hereby pledged
for the due payment Of the interest and
the redemption of the principal of said
bonds, and the same shall be free from
taxation as in case of other bonds of the
United States.
Sec. u II any Of the parties entitled
to said tax money shall prefer to have
the same paid in land, in preference to
time bonds of the United States, as pro-
vided for in section II, it shall be the
duty OF the commission to cause certifi
Gates to be issued to such parties, setting
forth the precise amount due such party
for tax money, sealed with the seal OF
the commission, signed by the chairman
OF the commission, and countersiQned
by the clerk thereof, upon the presenta-
ton of ssid certificate or certificates by
she holders, owners, or assignees thereof
TO the commissioner Of the general land
office, it shall be the duty of said officer
to take up said certificate and cancel the
same, and in lieu thereof, and in paw
ment thereof, issue 10 the holder. owner,
or assignee OF the same, certificates or
Fr. -
one hundred and sixty acres each. at
the rate OF one dollar per acre, which
shall be received in full paymeut To-
any vacout or unapprUpTiated land be-
longing TO the United States. in al,v of
the States or Territories, whether sur
veyed or uusurveyed, and upon locst. |
ing the same il shall be the duty
of the commissioner Of the general
land OrIice to cause a patent or patents
to issue to the holder thereof for the
same. In case Of the applicant or holder |
selecting lands surveyed, it shall be the |
duty Of the surveyor general of the |
United States for the district in which |
said lands lie, to cause the same to be |
surveyed and sectiOned of as soon as |
the same can be conveniently done, and
until that is done to issue to the holder |
a certificate or certificates, designating |
as clearly as practicable the locations of |
said lands so selected, and enter the same |
diagram of the district, giving notice |
thereof TO the district land office, so that /
the land selected by the party holding
said scrip shall be exempt from settle /
ment or pre-emptiOn.
1t is also provided il the holder OF
owner, or assignee Of such tax-scrjp.
shall prefer to satisfy the same by enter.
ing reserved lands on the lines of rail-
ways, they shall be permitted to do so
at the rate o two dollars per acre for
such reserved lands.
Sec. Is. That there shall be paid to
each Of said commissioners a salary of
- thousand dollars per year, PAYABLE
monthly; and they shall have power
to appoint a clerk and mes
senger to attend their sessions at
Washington, and are authorized to
employ such additional services as they
may deem necessary; and the sum OF
- Thousand dollars is hereby appro-
priated, out,Of any moneys in the treas
ury not otherwise appropriated, out Of
which shall be betrayed the expenses of
said commission, the same to be ex
pended under the direction Of the said
Sec. IA. That al laws and parts of
laws and regulations IN conflict with
any of the provisions of this act, so far
As they conflict with the same are here
0y repealed.
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