The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-05-19
The Missouri Press Excursiouists IN
Austin Yesterday-The Ladies'
OF the Party are
Presented by
Governor Roberts With One Copy
Each of His Book On Texas
Austin Briefs.
Judge Wilson Qualities TO Fill
the Vacancy on the Appellate
Bench.
Dallas Chosen as the Next Place Of
Meeting OF
The Grand Lodge Of /. D. B. b. Politi.
cal Outcroppings.
Other Interesting State News,
Other Interesting State News,


Special 10 the Herald. N
AUSTIN, May ls.-This morning at 7
O'Clock the Missouri press association
reached this city, and at once repaired to
the Raymond house, where an elegant re.
past was served. After eating, the party
took carriages and were conveyed around
the city. They left ut II O'Clock. highly
delighted with the city aud Texas pener.
ally. Governor Roberts was introduced 10
.he excursionists and made few happy
ana timely remarks, after which he pre-.
sentcd each one of the lady excursionists
with copy ofhis book ON Texas.
The charter of the Ursuline institute. of
Galveston, was filed to-day. The object is
educational.
Judge Sam A. Wilson qualified as Judge
of the appellate court to-oay.
The comptroller rules that it is the right
oil counties that have issued subsidy
Dones 10 railway companies, under the act
OF 1871, TO pay said bonds IN partial nav.
ments from the sinking fund, TO the extent
of2 per cent. annually, and thus decrease
he annual interest, instead ofapplying the
sinking fund to each bond in the form of n
partlai payment on note. The
practice has prevailed to purchase
bonds entire and extinguish TO the amount
OF the sinking fund, thus avoiding the i'm.
convenience OF changing the face ya,ue of
the interest coupons. Persons holding Ger.
tam subsidy bonds refuse TO sell except at n
high premium, and thus the sinking fund
would be idle and interest continue TO run
on the full face value of the bonds. The
comptroller states that he will notify the
treasurer that the value of the coupons is
lowered on account OF his having
registered the payment on every bond
In the same manner as II the bonds were
presented, and partial payment TO the OK.
tent Of the sinking fund applicable by law
made. The contract under which these
bonds were issued gives the right to the
holder to receive 9 per cent. annual pay.
ment from the sinking fund on the f,ce OF
his bond, and equally it is the right of the
counties that issued bonds 10 make
these payments and thus decrease their
debt and the annual interest. The question
for the first time has assumed n direct
issue on account of Mr.. Caldwell
OF Bexar county, having rendered bonds to
the comptroller to purchase at IS cents
premium. The comptroller says, under no
circumstances, will he pay n premium, or
subsidy, on bonds issued under the act OF
1871. Wv -
The department of education is receiving
letters uaiiy asking Information ahout the
location OF the summer normal schools.
As soon as the price of board ana expenses
at different points can be ascertained, the
places where schools will be located will be
V',ede known. "
The fish commissioner today forwarded
70 washington several varieties OF native
Texas fish,
The committee to whom the question I
& ontlng the right-of-way to the Austin A
northwestern railroad company for the
purpose OF hauling stone to be used in the
conjunction OF the new capitol and uni.
versity building, were not ready TO repo,t
and were granted further time.