The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1874-03-13
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w~~Asrle as,s Iasis 49, ~aii " f,ssna
IN fun N raas sAsa ffshe usssA sss'es
Nasaa~ IN la'sl / itp~ ~hieh ia~
~ ssasi
nse 4 MI r 4 sasssts tnses.
a, That All NerfYs derived FsVsn the
esls III the lstas sturr.siA IL tie ssHias
81 which The lsHsis re alraftifnsd,
anA ffpsa tie sAis " laai.sfsr herein.
l~frr~ provided Fut. shall hr inssssra
IN saarks N the United Stairs. n 4
the states. or saae ni'ser sf. sticks.
welding NJ lee than Eve ret esntnm
u,mn the par value n saii stocks, and
that ihr sHsssss - invested shall rensii.
inte d perpetual fssna. the capital &c
which rhall remain forever nnai.hinish.
ii, ,sseeff ~ tat "a ;.at he ispsiisl
In section 9TH Il this Art aal the
interest N Witch .Aal. ha iusi.lahls sr-
nropriatel nv each state, which may
take and claim the hehefi u We at,
"a the endowment surp'a, AMI main
tcnaurc. II ai l.asf one e'lerc. vheir
the leai,n. object shall ". without
excluding other seieniiti. ahi classical
atulies, anil inrlnling military tactics,
u teach .uch branches n learning IS
ara related T. agriculture and the me-
chAnic arts. IN sn,h MANNER ~ The Icy.
islasurca IL the states may 1eltsetst.l.
prescribe, In order IT, trnnr"is tie ~.
sral and practical education Z the IN.
dustrial classes IN the several pursuits
and professions Of life
We AK the reader 10 turn back and
note particularly that the net of con
grsss restricts tho expenditure Or invest
meut 10 ..,noncys derived FROM TIT,
sALx ov rns LASps. which il to icon
ssitu.s perpetual ianv' the Interest
Of which may be used for tho eniow.
msn. support aud maintenance q y
least onc college. The reader vii
further mite carefully tho branches 4
no taught and the power Of the lcgis
lature In prescribing them.
Promising tha. yon have read III
Law u congress noting carefully III 10
culiar wording. wc proceed 10 stat
tha. only $1,000 worth Il the land ha
been cold and that the interest arisin
from these sales amounts " only abou
$1,000. and that every dollar Il inscs
cd precisely in accordance with III
slrictes. requirements u the law refer
rcd u.
In September ls62 tho state lcs''
lature accepted tho congressional graz
under thu act quoted from. with all i
conditions. The Legislature Il u
state provided by law thu. the fru
teoa u the college might sell ., lou
its lands. and with tho exception abos
stated the 2OI an aercr donated 10 I'll
college IL leased NJ rental II $3.50
per annn,n. for period Of ton Year.
The Inv of congress- nor u tho legisla
turc restricts tho nae Of MONEYS d
tanned from leases, ~ the funds has
been applied b, the college Trustee
Indeed tho endowment fund IN VI,
STATE yields double thu revenue Of M
other state from the same source, viii
the fund itself IL being enhanced IN IN
10 like all other lnn,l- in the state. lib
fact attests TIN wisdom and sagaeit
uf tho Trustees II tic college III Il
management Z. Ills fund. These lau'
are worth to-tlay IA least III .,s}u ~
and III another decade will ~ worl
double tint sln,. Tie Legislature lr
scribcd tho q, arlt ot htud, IL part. n,
authorized the trustee, 70 adj e.he
not Inconsistent With the eongrcssian