Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1883-01-19

lied, are offered. There may be some OBJ
lection made to this plan, but, in my judx-
ment, no valid legal reason can be given why
this should not be done. No better security
can be offered for this investment than the
taith OF the state of Kansas and its counties,
and none more profitable TO the citizens of
the state; then why should this direct tax
upon the people be continued when money
Is lying ldle In the Treasury? The amount
subject TO investment by the close of jan
uary next will not be less than SSj5 900.
ANNUAL SCHOOL FUND.
The Legislature of 1879 discontinued the
levy OF 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
schools lands sold. ana the fifty dollar tax
on foreign Insurance Companies doing bust
ness In the state. This income from June 30
1850, TO June 30. 1882, amounted to the sum of
S542 10, to which should be added the bal
ance IN the Treasury July l. 1880, Sll6, o4s
The disbursements during the same period
were $l5S ,O76.l5. leaving balance on hand
July i, lS52, of 500 953.Ol. The sum collected
by the several school Districts of the State by
direct taxation for educational purposes dur-
ing the same period amounted Co S2:79l ,S25 .S5
making the total amount expended for the
support of common schools in that time of
$3ySoO OO2.03-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 public
meetings held in the several school districts,
SnSh SCI anu apart from the other, every
hnnSan 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
an TO S4s. SO, of which amount So.
695 81 was cash in the Treasury and SIS, OF IL
In State and School District bonds The in
come from the invested fund, together with
the interest on the unpaid principal of Uni
versity bonds sold, for the two years ending
June 30, 1882, amounted to Sl2 10 jO5 to which
should be added the balance of the interest
making a sum total of $l2.626.O5. OF this
amount there has been drawn from the
Treasury during that period the sum of S.
6l.Oo, leaving balance on hand to the credit
of the State University interest fund on July
i, lsS2, of S6,I6I -. The direct appropriations
made by the Legislature for the support of
TO the sum Of S64, OO6.l2. OF this amount $751;
S26.I9 has been drawn from the Treasury, to
which should be added the sum OF s., S5l.0
interest fund expended. making q total OF
So, 697.S5.
STATE NORMAL SCHOOL FUND.
The permanent fund of this institution at
the close OF the fiscal year, June 30, 1882
amounted TO S35,013Tl, S26,415 of which Is in
vested i'm 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 /, 1881 to
June 80, loS2 amounted TO the sum of $50 sos OF
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
$3.50. 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 Legisla-
ture TO this institution for two years ending
June 30, 1882, amounted TO the sum of S36-
129.O9, the full amount of which has been
drawn from the Treasury. Or this amount
slIgi90O was paid for the purpose of restor-
ing the endowment and the income funds,
the balance for buildings and experiments
Ihaveno information as to the receipts de-
rived from its invested fund, or from intere It
on unpaidprincipaltroms sales of land. None of
THESE funds come into the State Treasury.
Neither have any information relative to the
expenditures other than the amounts appro-
priated bY the Legislature.
AGRICULTURAL COLLEGE FUNDS.
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, as was the
case prior TO 1871, when they were under
control of State officers. This state of things
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.
All public funds should be under the con-
troll OF the State, where it is easy to fix re-
sponsibility and to secure n more faithful ad-
miniStration of them than when scattered
over the State, and their management en-
trusted to so many hands. The concentra-
ton 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
u business man, as must be the case where
they are entrusted to "A local treasurer there is
a constant temptation to maintain large bal
ances in cash. or funds which ought to be in
vested and become productive. The lodge
ment in the hands of a local treasurer who is
engaged in business, of n large amount of in
terest-bearing bonds and securities subjects
them to the danger of being pledged, in case
OF financial struts, as collateral for private
uses. The Importance OF placing the funds of
tuts important institution where they will re-
main secure and protected from possible loss
Is matter TO which i ask your serious atten
ton. The loss of the funds of another institu
ton should admonish you of the danger OF
placing the funds of any institution in any
hands outside the state Treasury.
PENIrENTIARY.
You will have laid on your desks the report
of the Directors and Warden of the peniten.
tiary, giving detailed statement of its oper-
ations Tor 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. S9543 "
SOa luihhShou Setatc his ltuIlOnS.... l2,b9I 81
improvements and buildings, only. 15.467 p
Making total earnings OHM. 120, 702 so
Total expenditures for all purposes I2OOI5 80
Leaving a balance for 1882 in favor
of the prison, over all expendi-
lures, OF. ACKNOWLEDGEMENT. CSC 81
This Is a favorable showing for the opera
lions of the penitentiary. and the Directors
and Warden are entitled to great credit for
the business like. economical, and profitable
manner in which the affairs of the institu-
ton have been managed. After n careful End
personal inspection OF the workings of the
institution, and an examination into its man :
agement, 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 q recogni-
| ton OF such services by increased compensa-
ton. This will make men better satisfied
Wi their fofR f,,l