The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1883-01-11

OF tss which i: e.t'ns'ei 1' vi! i
there have been sold 700, sol.23 acres. There
are unsold COL 1913 AZ acres appraised at 49, 3lG-
o:o aud about GOO. 900 not yet appraised, stu
assa mo:tly In the northern part Of the State The
fund ne-half the proceeds Of the sale Of swamp
lands Of the State. The selections approved az
swamp or overnowed lands In the surveys up to
1880 amounted to 1000 900 acres. In the I'm
surveyed area there should b. perhaps, 2,OOO, 900
acres. Tho State land commissioner computes tho
total Of all State land grants at 3.4ooO0O acres,
amount is 5,OOO.OO 1t is believed tho State viii
eventually realize an amount equal to IS an acre
tor all the school lands yet unsod, which will swell
and 1t is not unlikely that the swamp land rever-
sion may reise that magnificent sum to $18,OOO,-
600. or even SEC. 100000.
sity and Agricultural College grants. there have
J3en sold 97,OO7. 81 acres. leaving 72,34G acres
yet to be disposed Of. These are largely agricul-
acre. The permanent university fund is therefore
expected to finally realize from this source the sum
ably reach fully $3. 100000. when the remainder
of the land belonging thereto is disposed Of There
have been sold 57.O95. 70 acres, and 81 259. &c
e:sD: Sss9 .eEs: ys
praised
The proposition submitted At tho general elec-
moneys
internal improvement land fund to the payment Of
the principal and interest Of the Minnesota stats
raileoad adjustable bonds" having been approved
by the people, as shown BY tho q the votes
recently made, there il now provided sinking fund
sufficient to redeem, when due much the larger por-
ton OF the Indebtedness resulting from the adjust
ment Of the Minnesota State railroad bonds" and
the income therefrom, when the lands arc all Sold
vii also provide for the payment of Col responding
proportion OF Interest accruing upon such indebted
ness.
Under the terms Of tho act approved Nov. 4,
1881, providing for the adjustment Of certain
alleged claims against the State" there have been
redeemed 1882 Of tn" Minnesota State railroad
bonds OF the denomination OF 81 900 each, aud
other claims adjusted to the amount as allowed OF
$53,OSe.G6. Tho adjustment OF these bonds and
claims. according to the terms of the act has re-
1uired the issue Of $4,253 900 OF the Az per cent
bonds, and there are claims to the amount of
81 yet to DO provided for by further issue
to that amount
The original issue Of Minnesota State railroad
bonds was So. 900. The State acquired pos-
session of $4,000 of these bonds some years ago
lhere haes 1een rees@ NED as above stated S2
The recognized indebtedness of the State is now
represented b. tho following obligations:
Loan Of 1873 for building ptr-
Loan Of 1873 for seed grain dis
Railroad adjustment bonds, 4is,.: 4.2Ss'WS 90 00
Railroad adjustment claims. 4.25O I'd
| sA.34s.25o 81
The loan Of 1873 is redeemablo the present year.
anu that OF 1873 will be redeemed with receipts
from counties for loans made in 1877 and 1873 foI
thn purchase aud distribution of seed grain
The taxable property within tho State has in
94l in 1882
Taxes for tho past two scar. were levied a. fol.