Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1884-11-25

what q showing the State Board OF Ex-
auiiners could make OF the condition of the
state finances il they only had a chance to
count among its assets a few more $3.50, 600
lrredeemable school bonds. The manipu-
iators OF the finances Of this sagebrush
commonwealth are wasting q large amount
Oh financial ability every day they remain
away from Wall street.-Reno Gazette.
Our esteemed contemporary does not
seem to understand the nature of that ir-
redeemable bond even at this late day.
The word irredeemable is used in a purely
harmless sense conveying no idea Of the
pound of fesh;'' the fact being that the
bonds may be made redeemable by the
Legislature at any time. They are called
irredeemable merely TO distinguish them
from other bonds that have a time fixed
Tor their redemption. As to the fnan-
ceeringreferred to with such biting sarcasm,
1T was not 30 bad after all. The Legisla-
ture passed a law authorizing the purchase
OF Nevada Estate and Territorial) bonds
mat we're bearing a high rate of interest.
Inc purchase was made on very fair terms.
The money involved in this purchase be-
longed to the State School Fund of Ne
vads. The State needed the money and
took it as an investment 1.-THE best that
could be made), and gave the State School
Fund the 1880, 900 irredeemable (so-called)
bond. There was, perhaps, q technical
evasion OF the law in so investing the
money belonging to the public schools.
put wha does 1t mount to after all !?
simply taking money ont of one pocket
and putting 1t into another for convenience
sake. The faith and honor OF the State
are solemnly pledged to make good to the
School Fund the principal and interest of
this much abused bond. The interest is
paid semi-annually and yields a handsome
revenue for the maintenance of the public
schools. Some $50, 900 of the principal
invested went to making Q home for our
insane-the Asylum at Reno. of which the
Gazette is 80 justly proud. We believe
that il our contemporary will look that r.
redemable Bond squarely in the face 1t will
detect nothing bad or silly about it.
Forcing Children to Attend school.
We notice in several Nevada papers a
complaint that there are children that
ought to be attending school regularly |
roaming about the streets and following
the life Of young hoodlums. For in
stance, we find this paragraph in the
Austin Reveille, which other journals of
the State have copied as applicable to their
own localities:
A number Of children OF proper school
age, whose parents reside in this district,
are not in attendance at school. There is
a State law which protects the children Of
parents who, from mercensry or other mo-
tives, disregard that most vital interest of
their ~progeny-the advantages of educa.
tion-by imposing q heavy penalty on
those refusing or neglecting to discharge
their duty in this important particular. |
The law is just and a most excellent one,
and the Trustees whose duty it is should
see that its provisions are rigidly enforced.
Now, the idea advanced is good, but the
law referred to is very lame. Efforts have
been made to enforce it, but ii has afforded
too many loop-holes and crawling-out
places. The next Legislature may con-
slider this matter, il il will but it will not.
1t could amend the Compulsory School
Law so as to make it effective.