The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1883-01-04

the work. nom the unilv0Sted school
fund, paying interest thereon at the rate
Of four per cent. per annum.
It might also be well for you to enquire
whether the surplus could not be used
70 advantage by investing it in County
Refunding Bonds. Many counties have
issued bonds that are now, or soon will
be, maturing, who may wish to extend
the time Of payment, or redeem outstand-
ing bonds by refunding; and it might be
mutually advantageous to both the State
and the counties, to invest in such secu-
rites. at the low rate of four per cent.
interest.
The educational interests of the State
demand that this fund should be judi
ciously invested. This cannot be done
under the existing law. for tho reason
that funds accumulate more rapidly than
the securities, authorized. are offered.
There may be some objection made to
this plan, but, In my judgement, no
valid legal reason can be given why this
should not be done. No better security
can, be offered for this inve than
the faith OF the State Of Kansas, and its
counties. and none more profitable to the
citizens OF the State; then why should
this dir set tax upon the L3eople be con-
tinued when money is lying idle In the
treasury The amount subject to in
vestment by the close OF January next
will not be less than $3.50, O00.
ANNUAL SCHOOL. FUND.
The Legislature OF 1879 discontinued
the I0xy CT direct tax for school pur-
poses, hence, since that date. the income
of this fund has been derived wholly
from the interest upon the invested Per-
manent School Fund. Including interest
| on the unpaid principal Of school lands
sold, and the fifty dollar tax on foreign
Insurance Companies doing business in
the State. This income from June 80,
1880, to June 30, 1882, amounted to the
sum of &542. 92s.7e, to which should be
added the balance in the Treasury July
1st. 1880, SIG, l0O.4e making in all $685.
TO29.I9.
[ The disbursements during the same
period were 255s, O76.1e, leaving balance
on hand July /. 1882, of OO,95S.O1. The
sum collected by the several School Dis
tricts of the State by direct taxation for
educational purposes during the same
period amounted to $2,79l, 1855. making
the total amount expended for the sup
port OF common schools in that time OF
s., 1850, 002.0 3-a sum greater per capita, in
proportional population and wealth, than
any other State in the Union. When it is
considered that the direct taxes above
stated are levied by the citizens them
selves, at public meetings held in the
several School Districts, each separate
g. kI,o
may feel proud OF the interest taken in
the education Of the rising generation.
STATE UNIvHRsITY PERMANENT FUND.
This fund, at the close of the fiscal year,
amounted to 4s,72S.5e, OF which amount
1 $40, 600. 80 was cash in the Treasury and
93s, 027.17 in State and School District
hOndAI The income from the invested
fund, together with the interest on the
unpaid principal of University bonds
sold, for the two years ending June 80,
1882, amounted to S12, lO6.O5, to which
should be added the balance of the in
terest fund in the Treasury July i. 1882,
viz, S51si. making q sum total of $l2, 624. O5.
OF this amount there has been drawn
from the Treasury during that period the
sum Of $5,851.05, leaving a balance on
hand to the credit of the State University
interest fund on July !, 1882, of So, 767. 80.
The direct appropriations made by the
Legislature for the support of this Insti-
tuition for the two years amounted to the
sum of 81, OOO.12. OF this amount $685.
$3.50 has been drawn from the Treasury.
to which should be added the sum of
IS, S51.O6 interest fund expended, making
q total of Sss, s97.s5.
STATE NORMAL SCHOOL FUND.
The permanent fund of this Institution
at the close Of the fiscal year, June 80,
1882, amounted to sS5,O7S.71, $26,475 OF
which is invested in bonds OF the State OF
Kansas. and School District bonds. The
balance, OF Ss,57s.71, is cash in the
Treasury.
The income to this fund from July /,
1880, to Jane so, 1882, amounted to the
sum OF SIC, 3Os.o-, and is derived from the
interest on bonds, and also interest on
the unpaid principal Of sales of Normal
School land. The expenditures during
the Same period amounted to SIS, $50. Nc
appropriations were made by the Legis.
lature for the support OF this school, Other
than the interest derived from the sources
above stated.
STATE AGRICULTURAL COLLEGE,.
The appropriations made by the Legis-
lature to this Institution for two year,