Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-01-06

"a
triouted 70 inc o,Hinisnou Pioeuu' -
bullion IN eastern Ns,aua-ssPeeiai! IN
Lincoln oounty' Inc Ia,o aaon
for all purposes Is nearly three times as
great In Lincoln as IN storey lnsre-
foro the receipts OF revsnu afs as mnen
affected by q iaiiing on Of i'VVV'VVv IN
the production oil me ormer AZ oio,-
600, 900 IN the latter. ~ TINS ahu other
features OF the system OF tahauoh now
in force attention WILL DO hereafter
directed.
II SCHOOL FUND.
This fund has attained the sum OF
10000. OF b III
vested in Nevada state bonds, ahu u
remainder IN United states oohus. u
annual income from these investments
is SIS, $50 in gold coin. The luna ~
rapidly increasing IN proportion 90 the
sale OF lands belonging 70 tho o'a'e;
These lands, according 10 their seNerh'
kinds, are sold, some lot cash u souie
ON a credit OF n term OF years Inc an-
nual instaliment from these SAFES On
credit, as they are paid' contribute W
the principal oil the iund. upon tue nc
emulation OF a certain amount oil mon
ey. permanent investment oil the Same Is
made in State or Federal securities. All
transactions connected with this fund
which occur before permanent invest
ment, and all relating to the sale OF state
lands, are made in legal tender currency;
The fees OF the general n local land
Offices Of the United States Tor listing
and approving lands TO tho otate' are
payable In the same currency; cohss-
quently! sand necessarily. the state lands
must be sold for that KIND OF money
This has worked no hardship IN the
past, and IL is believed will not be the
occasion OF injury IN the future. ANY
change In this course OF dealing on tho
part Of the Land Office must be IN pnr-
suance OF n new line OF policy. IL a
only bc accomplished undcr an Act OF
the Legislature TO that effect. The sane
ton Of long established custom has
fixed the usage too firmly to be changed
at the will OF the incumbent OF the Office.
That change is within the province and
power OF the Legislature to make rur-
Their than this the usage has NOT been
injurious To the interests oil the luna IN
point Of fact, the continuous upward
tendency OF paper since the close OF the
war has been taken advantage oil by
those having its interests in charge.
Without any ventures In the way OF spec
u~lation, advantage has been taken OF ev-
cry favorable movement Of the curren-
CIV. The fact may be asserted, without
the fear Of contradiction, that not q cent
has been lost by the fluctuations Of the
money market. Another topic OF dis
cussicn is Of recent birth-it concerns
the constitutional validity Of the statute
which imposes the payment OF the ex-
penses OF tho State Land Office upon
this fund. II there is any fierce in the
maxim Of tho law, which e~njoins adhs-
rsneo to fixed and decided principles.
this question may be considered settled.
As long ago as the year 1868 the precise
point came before the supreme Bench
for decision. The case 1.-THE State ex
rel. Greenbaum vs.. Rhodss) was made
for that very purpose. After argument;
the validity OF the statute was upheld on
WHY nhVuhhH asN WV
to DO "a trustee. with a legal right 10
use a portion OF the trust estate to make
the balance available. This conclusion
shocks ne sense OF justice, ms CUSTOM
OF makineie'ery p1fi'oh OF 'nS I.,enI
bear the expense OF Tvs oMh !. 1.
oil immeinofiai ahuluIly;
quenily met Win VI ever! oi'neI W
financial system. mo eSinn'I,'ou'
lowed upon the eoiiec''oh OF eoun'.
licenses, OF pon taxes, OF %,ss upon
real and personal property anu Ino pro-
eeeds OF mines are 'hs hos' "a
anPies' me qu.snohs oi un" gu
both topic. dlscusssu' s'"nu as 49,
stated. lhat OF Tue poney so,o Nh
the iutnre' IN iesaIu W Ssa,nrsa
you,ser'ss' ~. .,oa, S.,,;n.ni 10
OF dealing o u not Wi,n'u, su
the interests anecteu' Inc Soao'
constitutional power IN iesaIu !" 'no
second point touched uPon' must as