The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1883-08-02
THE STATESMAN.
DEPARTMENT NOTES.
STATE DEPARTMENT.
AUSTIN, TEXAS.

D n T. LEI AM
Gov. Ireland's absence decapitating
several boards, of which he is the
head, depleted the departments of
their usual interest Saturday. Besides
being governor and commander-ln-
chief of the army of Texas, he is
president of the land board, the board
of education, the penitentiary board,
the capitol board, the Temporary capl-
tol board, and the state sewer board,
and withal is an eX-officio member oil
some of the boards of control in other
matters.
An amendment changing the name
of the Kerr Water and Ice company
to Corsicana Ice and Water company
was filed with the secretary of state.
The stock of the company is $50, 600,
in shares of 500 each. The directors
are VIM. Il. Brown and L. w Dodd,
of Tyler, and Sam r. Trou. Bryan T..
Barry, and Leonard b. Embry, of Cor
Sicana.
The charter of the Mineola Bridge
company, stock $4,000, and of the
Grand Temple Of Honor, were also
filed in the state department
CONTROLLERS DEPARTMENT.
Payments through the comptroller
AuIO tllC
average but trifling amount, so far
as swelling the Golfers of the state
is concerned.
The following collectors settled
small balances on their accounts w.
A. Coob, of Freestone, lily. Hamil-
ton, of Bandera. j. S. Mcconnell, of
Raiens, and b. Z. Madden,of Houston
county.
SCHOOL FUND INVESTMENT.
In regard to investing the large
amount of cash in the treasury, the
facts are that at a meeting of the
board of education, which is compoS-
ed of the governor, comptroller and
secretary Of state, the board conclud-
ed to invest 100000 of the cash to
the credit of the school and other
special funds in United States bonds
The purchase was ordered and would
have been made but for the expense
of transmission of about 100000 in
silver in the treasury. The intention
was to invest in United States threeS,
as the most advisable securities, they
being nearest par The price of these
securities having advanced upon init
nation that Texas might become
IA heavy purchase of them the board
naturally look for other securities for
their investment. Hence the pur-
chase of $4,000 in Texas frontier
bonds. State Treasurer Lubbock not
being member of the board of adI-
cation is merely custodian of the
funds, having nothing to do with the
boards disposition of them. 1t is to
he hoped.the board will keep the funds
in the treasury, without purchasing
further securities of any kind, till
they find some suitable that Can be
purchased to advantage.
In proposing to purchase the Uni
ted States bonds they considered the
fact that they would be readily con-
yertible into cash at any time, should
it be desirable or necessary to change
the investment into state, county or
other securities, or rest re the cash
back to the school fund, which. under
no circumstances, could sustain loss
where the bonds were purchased so
nearly at par. and would, on the other
hand, be profited by the advance in
the premium as the bonds neared ma
turity. 1t was estimated by the board
that the school and other special
funds subject to their control would
amount to 81 100000, and that calcula-
tion was TO pay half coin and half
currency for their purchases.
UNIVERSITY STUDENTS.
Secretary Woodbridge, of the board
of regents, Informs us that he has
sent out five hundred copies of the
prospectus of the State University in
answer to applications for informa-
sion about the institution Fully
one-fourth of the applications relate
to the proposed attendance of feuIale
students. In most instances the let
tiers are from the young men applying
for admission. There are more appli-
cations in person by girls than by
boys of Austin. The prospects are
tlattering for a large Attendance.