The Sedalia weekly bazoo. [volume] (Sedalia, Mo.) 187?-1904, 1883-01-09

buildings and permanent improvements
$S44,OOO For permanent endowment fund
$4SO, OOO, on which the State pays Z per
cent. interest. The standing ANIMAL an.
preparations are made OF current expenses.
! The Agricultural College OF Michigan i,
not connected with the Cninersitv, but is
located at Lansing. Fer the support os
this institution for lands. erection az
buildings, fixtures and permanent improve
ments, the State has appropriated the sun.
OF S5Sl 100. The endowment fund amounts
to S173, 4Sl, on which the State pays Der
cent. interest quarterly.
California, admitted into the Union in
/ 1900 thirty years after Missouri, has ap-
propriated for her University proper, for
buildings and equipments, the sum OF
$40, 40. State permanent endowment
fund 1910, 900, on which the State pays s
per cent. interest annually for the support
" the institution, $4,000.
In California the Agricultural and Me-
chanical College is made part of the
University, the same as ours For build
ings and for the support of this depart
ment, the Staie has appropriated $276, 897.
INVESTMENT OF THE PUBLIC SCHOOL FUND.
Under the Law large part of the funds
belonging to the common school, formerly
held in bonds Of the State of Missouri,
have been invested in . certificate of in
debtedness of the State, bearing six per
cent. interest per snnum. This certificate
is intended to be perpetual, and affords
sale ard permanent investment of these
funds
There are other funds belonging TO the
Public School Fund of the State, held also
in bonds Of the State Of Missouri, now
called In for redemption. This fund
amounts to upwards of 500, 900, arising
from the sale Of Agricultural College
Lands made by the Board of Curators dur.
ing the last year. These funds, under the
law, are for the benefit of the Agricultural
and Mechanical College, located at Colum-
bia, and the School of Mines, at Rolla.
Under the restrictions of the State Con-
stitution the Board of Curators meet
with some embarrassment in reinvesting
these funds; to provide for their security
and permanence, it is recommended that q
certificate of Indebtedness on the part of
the State" be issued for the amount of
these funds similar to the certificate above
referred to, issued for the benefit of the
common schools, and bearing the same
rate OF interest now paid upon the bonds.
There will be other funds derived from the
same source and other sources paid into
the State Treasury for the benefit of the
Public School Fund of the State, and il is
recommended that the Law passed 1t the
last session of tie General Assembly "Te
encourage and increase the Public School
Fund of the State" be 50 amended a 70
authorize the issuance of . common State
certificate for all such monies thus added
to the Public School Fund.
As our population and wealth increase
it will offer IN inducement and encourage
persons benevolently inclined to dedicate .
portion of their means to the sacred cause
of education. A policy kindred 20 this
has been successfully pursued BY num-
Der of States of the Union. rs in the cases
of Michigan and California above referred
to, and many others that might be men,
toned The State, so deeply interested in
all that pertains to the education of the
rising generation, will always in6 ample
use for any moneys thus likely to be added
to the Public School Fund. The State
thus becomes the trustee for funds given or
granted for public educational purposes,
holding them in her own hands, and hav-
ing guarantee at the same time that the
interest on all such funds is sacredly ex-
pended for the precise objects for which
they were granted or donated
THE UNIVERSITY COMPOSED OF VARIOUS
CoLLE6Es.
Unlike many colleges under the control
of the different States. the policy of concen-
tration has been mainly pursued in Mis-
souri,. The University consists of various
departments or colleges under the manage
ment of a common government, and where,
without expense of multiplication. the diff
ferent professors are utilized in each, as
their services may be needed. In addition
to the courses in sciences. literature and art,
usually taught in colleges, there are in the
University the departments of Agriculture
and Horticulture; the Normal Department;
the Department of Civil Engineering, TO-
gether with the professional schools.
Besides the great saving of expense.
there are many advantages secured to the
youth of the State by this association of
various schools under one government.
With the prospective increase of studests,
it will be seen that there is an imperative
necessity for more room, either in the en-
largement OF the present buildings or the
erection of others, all available space being
no. fully occupied.
IMPROVEMENT OF THE AGRICULTURAL
COLLEGE FARM.
Under the Law of Congress of July Sd,
1862. there we're certain conditions attach
ed, to which the assent of each State &C.
cepting the grant should be given. On
March 18th, 1868, the General Assembly.
by resolution, assented to ell of said con.
ditions, and pledged the faith Of the State
to the faithful performance Of the trust
therein created. Among these conditions
was the following: SecOnd-No portion
of said fund, nor the interest thereon, shall
be applied, directly or indirectly, under
any pretense whatever, in making improve
ments; in the purchase, erection, preserva-
ton or repair of any building or build
ings."
The States we're required and agreed to Do
this, and as Missouri has never appropriate
cd anv amount for this purpOse or fur.