Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1883-01-10
Total ................. S1.11l, 07e

Total. Observation-Disclosures. $1.11l ,07e 7e
eventually nure to the State for the use of schools
there have been sold zoe, SO1.23 acres There
are uDsod Col 1913 ~ acres. appraised at So, &c.,
atod mostly in the northern part OF the State The
constitution now Ccvotes to the common school
fund one half tho proceeds OF the sale OF swamp
anas OF Inc Ina Inc ne 6 as
1880 amounted to 4,00O.G 900 acres. In the un-
surveyed area there should be. perhaps, 100000
acres. The State land commissioner computes the
total Of all State land grants at 100000 acres
but. according to the claim of the grantees, the
amount is 100000. 1t is believed the State will
eventually realize an amount equal to So an acre
for a tho school lands yet unso!G, which will swell
The re. znanent school fund to over 81 6, 100000,
aad /. is cot unlikely that the swamp land rever-
sioa may raise that magnificent sum to $18,oo0,-
or he 1863 1913 80 acres covered by the Univer
sity and Agricultural College grants. there have
been sed 97oo1a2 acres leaving ,Sa6 acres
tura lands. and valued at an average OF sc per
acre. The permanent university fund is therefore
expected to finally realize from this source the sum
The Internal Improvement Land fund will prob
ably reach fully $3. 100000. when the remainder
Of the land belonging thereto is disposed Of Theirs
have been sold l57,O95.78 acres, and 81 ,259. 40
additional acres have been appraised at 81 ,649.-
CSC IS. leaving 31,33l.27 acres yet to be ap-
The proposition submitted at tho general cleo
ton "for the application of the moneys of the
internal improvement land fund to the payment Of
the principal aud interest Of the Minnesota ktate
railroad adjustable bonds" having been approved
by the people, shown by tho canvass Of tho votes
recently made there is now provided sinking fund
sufficient to redeem, when due, much the larger
ton of the indebtedness resulting from the adjust
ment of tho Minnesota State railroad bonds" and
the income therefrom, whom the lands are all sold.
will also provide for the payment Of corresponding
proportion OF Interest aocrutng upon such indebted
nesS.
Under tho terms Of tho act approved Nov. 4.
1881, providing for the adjustment OF certain
alleged claims against the State, there have been
redeemed 2.232 of tha Minnesota State railroad
bonds Of tho denomination Of 81 900 each, aud
other claims adjusted to the amount 40 allowed Of
S53OS8.66. The adjustment of these bonds aud
claims, according to the terms Of the act has re-
ouired the Issue Of $4,253.0OO Of the ~ per cent
bonds and there arc claims to tho amount of
$50 81 got to DO provided tor BY further issue
to that amount
The original Issue of Minnesots State railroad
bonds was 1925, 900. The State acquired pos
session of 900 Of those bonds some years ago.
There have been redeemed Is above stated 81, 1892
600, which leaves but $28, 900 now outstanding.
The recognized Indebtedness OF the State 10 now
Represented BY tho following obligations:
Loan Of 1873 for building pur-
loan Of 1873 for seed grain dis
Railroad 1 sa3 Us bonds: 4is.. 425s,SSo 90
Railroad adjustment claimG. ....... 1850 "a
u. .-. - ~ ~4,34s,2 $50 81