Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1883-01-11

! -
and none more profitable TO the citizens of
the State; then why should this direct tax
S 4n s e In the be TreaT The amonH
| subject TO Investment by the close of Jan
uary next viii not be less than $751;, 900.
ANNUAL SCHOOL FUND.
! The Legislature of 1879 discontinued the
! levy of II direct tax for school purposes,
/ hence, since that date the income of this fund
\ has been derived wholly from the interest
! upon the invested Permanent School Fund.
/ including interest on the unpaid principal of
on foreign Insurance Companies doing bust
| ness i'll the State. This income from June 30,
! $780, to June 80, 1892, amounted to the sum of
I $5i2 92S.70, to which should be added the bal
( ance in the Treasury July l, 1885, SIG 100 S
making in all S659, O2s. -.
! The disbursements during the same period
We're sos OI6.lS, leaving balance on hand
July !, 1852, of SlOO955.Ol. The sum collected
/ by the several school Districts of the State by
| direct taxation for educational purposes dur-
ing the same period amounted to S2.T9l, 825 80,
making the total amount expended for the
support of common schools in that time of
I S33oO,OO2.O3-a sum greater per capita, in pro-
portion to population and wealth than any
other State in the Union. When it is consid-
cred that the direct taxes above stated are
levied by the citizens themselves at hubble
meetings held in the several school districts,
each separate and apart from the other, every
kansan may feel proud OF the interest taken
IN the education OF the rising generation.
STATE UNIVERSITY PERMANENT FUND.
This fund.- at the close of the fiscal year,
amounted to $4S, 72359, of which amount $I0-
695. 50 was cash in the Treasury and S3S OF. il
i'll State and School District bonds, The in
! come from the invested fund, together with
! the interest on the unpaid principal of Uni
June 30, 1882, amounted to SD, 10 i.O5 to which
! should be added the balance of the interest
making a sum total of $l2,626.05. OF this
amount there has been drawn from the
| Treasury during that period the sum of $5,-
| so. o. leaving a balance on hand to the credit
! OF the State University interest fund on July
l, 1882, OF SIS, 76l 80. The direct appropriations
made by the Legislature for the support OF
! this Institution for the two years amounted
! to the sum of S6t, 000.12. OF this amount $685.
! s26.I9 has been drawn from the Treasury, to
| which should be added the sum of s., S5I. O6
interest fund expended, making total OF
/ $69,69IS5.
I STATE NORMAL SCHOOL FUND.
! The permanent fund of this institution at
the close of the tscal year, June 30, 1882,
| amounted to $350l3.Il, $26,475 of which is in
] vested in bonds OF the State of Kansas, and
/ School District bonds. The balance, of S.,
| Ssh, is cash in the Treasury.
| The income to this fund from July l, 1881, to
June so, 1882, amounted to the sum of $50 3OS. O7
| and is derived from the interest on bonds,
and also interest on the unpaid principal of
sales OF Normal school land. The eXpendi-
! lures during the same period amounted to
! Sl6,S5O. No appropriations were made by the
Legislature for the support of this school
/ other than the interest derived from the
| sources above stated.
| STATE AGRICULTURAL COLLEGE.
The appropriations made by the Le3fsla-
| ture to this institution for two years ending
! June 80, 1882, amounted to the sum. of $}6-
/ 729.09 the full amount of which has been
| $l1,9I9-00 was paid for the purpose of restOr-
ing the endowment and the income funds,
/ the balance for buildings and experiments.
i 1havenO information as to the receipts de-
/ rived from its invested fund, or from interest
| on unpaid principaltrOms sales of land. None OF
these funds co ne into the State Treasury.
! Neither have any information relative to tue
! expenditures other than the amounts appro-
! priated by the Legislature
| AGRICULTURAL COLLEGE FUNDS.
| I deem it important that the present system
| of management OF the funds and securities of
| the Agricultural College should be changed.
! AS the law stands, all the funds of the InSUi-
| tuition, including interest bearing securities
! amounting to several hundred thousand dol
! lars, and constantly increasing, are held by
| the Treasurer of the Board of Regents
| instead of the Treasurer OF state, was the
! case prior to 1871, when they were under
| is exceptional. The endowment funds of the
| State University are paid over directly to the
| State Treasurer, and he, with other officers
! are directed to invest them, and there can be
! no valid reason why this same wise and pru-
! dent policy should not be adopted in the case
! of the Agricultural College.
i All public funds should be under the con-
trOi OF the State, where it is easy to fix re-
SpOnslDulty and to secure more faithful ad-
! ministratiOn of them than when scattered
over the State, and their management en-
trusted to so many hands The cOncentra-
tiOn of financial management and control in
| the hands of the trusted officials of the State
lessons the temptation to abuse trusts, and
reduces the risk of loss. Where the funds of
the College, for instance, are in the hands of
a business man, as must be the case where
a constant temptation TO maintain large bal
ances in cash. or funds which ought to bein-
vested and become productive The lodge
ment in the hands of a local treasurer, who is
engaged i'll business, of Il large amount of in
tcrest bearing bonds and securities, subjects
them to the danger OF Delng pledged, IN case
OF financial straits, collateral for private
uses. The Importance OF placing the funds of
i tuiS important institution where they will re-
main secure and protected from possible loss,
is a matter to which ask your serious atten
ton. The loss of the funds of another institu
danger
placing the funds of any institution i'll any
hands outside the State Treasury.
PENITENTIARY.
You will have laid on your desks the report
OF the Directors and Warden of the peniten-
tiary, giving Il detailed statement of It's Oper-
atiOns for the past two years. which makes a
of the institution. The Warden, in his report
to the Board of Directors, makes the follow
ing financial showing:
Total cash earnings. S9,54S 81
Coal furnished State ms itutiOns.... y ,69I 81
improvements and buildings, only. 1S,467 %
Making q total earnings Of........... l20,702 30
> Total expenditures for all purposes. 120,OI5 SO
Leaving IL balance for 1882 in favor
of the prison, over all expendi-
lures, OF. OBSERVATION-DISCLOSURES. 500 81
This is a favorable showing for the opera
tions OF the penitentiary, and the Directors
. and Warden are entitled to great credit for
the busines5-hke, economical, and profitable
manner III which the affairs of the institu-
ton have been managed. After careful and
personal inspection of the workings of the
institution, and an examination into its man
agement, l am well satisfied that the COM
| pensatiOn of some of the employees should be
increased, and graded SO that long and faith
/ full service should be rewarded by a recOgni-
! ton of such services by increased compensa-
| ton. This Will make men better satisfied
with their employment, more faithful in the
| discharge of their daily duty of fourteen hours
per day and seven days to the week, and aid
{ in keeping faithful and competent men in the
I employ of the institution.
I VETERINARY SURGEON.
live stock IF ON. State ara nj