Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1886-09-30

| The North Missouri and St Louis K Iron
! Mountain Railroad Companies defauIted i'll
/ payment OF interest due january /, 1859. The
| Pacific Il Cairo and Fulton Rail- Dad Com
| panies, January !. 1850, The southwest
branch and Platte County, July l. 1851
| The whole amount realized from the sale
| of these railroads. including interest paid
| into the State Treasury by each company be-
! tween the time when it became delinquent
and the date OF sale, was $751; 1876 his
statement does not include the Hannibal :, &
full the face vaue of its bonds or ,000,
GOO, but it does include all the, other roads
named.
The Pacific railroad was sold to the Pacific
Railroad Company BY authority of an act of
| the General Assembly approved March 81,
| specified in the act. Under an act approved
| March Il, ISfs, the state released its lien up.
| on the North Missouri railroad, to Henry T.
| Blow, John F. Roe, Gerard g. Allen, John II
Beach, SCION Humphreys. Robert Lenox
Kennedy and their associates for the sum of
On the 18th of November, 1866, the St
Lonis II Iron Mountain and Cairo < Fulton
railroads were sold by commissioners APP
pointed by the Governor provides in an
act of the General assembly approved March
10, 1855. John c. Vogel, Samuel simmons
Joseph c. Read and \. J. Mackay became the
purchasers for the sum of 500, GOETHE st
Louis " Iron Mountain bringing $. 10000 and
the Cairo 4 Fulton S:50.00L These gentlemen
MD into tle state Treasu"v Jannniv Z tsi-
In bonds and coupons of the state, the sun
required in accordance with the terms OF
sale. subsequently Messrs. Fogel, Simmons
Read and Mackay sold the roads to Hon
ThOm:s-J Allen.
BY an act approved March Il, lsGs, the title
to the st. Louis II Iron Mountain railroad
was confirmed to Thomas Allen. his heirs and
assigns, and by the eighth section of said act
the unpaid balance of the purchase price
due from Mr.. Allen was appropriated to the
building of a railroad from Pilot Knob to the
State line of Arkansas, so that all the State
realized from the sale OF the st. Louis Il Iron
Nj ,tsiyN md d Ep1f la yu
S225.100.
An act approved reDruary II, i~bn. pT1vIu-
ed for the sale of the Southwest branch on
certain conditions, the first of which was
that one fourth of the consideration was re-
quired to be paid on closing the contract
and the balant e in five equal instalIments.
ON May. II, 1876, commissioners appointed
under said act sold the Southwest branch to
General John Fremont for 81 100000:
State bonds and coupons, was paid into the
State treasury in June, 1856: General Ere,
the sale, in not making annual pay.
ments of the purchase use price ana IN
t nos work enpen of $4,000 In Jnne s
Governor FLETCHER took possession of the
road and appointed General Clinton B. Fisk
an agent to operate the same until 1T should
be otherwise disposed of by the General AS
sembly. BY the act of March Il. 1868. the
southwest branch, with all its rolling stock
appurtenances and franchises, was declared
to be forfeited by General Fremont and the
title thereto became vested in the state The
%
and all its franchises in fee simple to A Z.
ILingsland Il Son. g. ID. Cra2in, Freeman
Clarke, Andrew Pierce, James Harrison and
their associates on certain conditions.
among which were the following: That said
grantees and their associates should organ
ize body corporate to be known as the
"South Pacific Railroad Company" Tia
said south Pacific railroad Company should
expend not less than 100000 in extending
said road within one year after accepting
said grant. That the road should b. complet
ed to Lebanon within two years, to Spring
AoIEI tl,ty nYNhc eli
to the western boundary line of the state in
Newton County by the 10th of June, 1872.
These conditions having been complied
with, the State released its claim upon the
road la ing received from its sale only
$4,000
The total amount realized from the sale
of the Platte County railroad was 100000,
but Mt various times interest on deferred
payments was paid amounting to Sll4.Sso,
est the amount received was S.l4sSO. The
principal of the bonds issued to defaulting
railroad companies and the accumulated
interest thereon, up to date of sale or when
the State released its lien, amounted to
ST.. 735 $40. After sale the assumption by the
State and the payment of both principal
and interest followed result of the con-
tract or laws under which the bonds were
issued.
FUNDS.
The State school fund now amounts to
s., l34. 27I.l5. AM is invested AS follows:
Missou,i six per cent certificates
of Indebtedness .S2,9C9,00O w
Missouri five per cent. certi tfcates
of indebtedness. .................. 22',OOO w
Cash in the state treasury.... 27l Is
Total. .S3, III ,2Ii 10
For the school year ending June 80. 1885,
county, township and special public sch Dol
funds aggregated 1892 ,U6i.S6, as folio VS.:
County school funds. Sd ,2i1 ~
Township school fundS..--.-.....- 100000 A.
Special public school funds. S9,I9i 81
Fines, penalties and forfetures.- 1892 )!
- - 49, o.
Collections from fines and penalties since
June 80, 1885, will certainly increase the
county school funds $500 o, so that now the
aggregate of State, county, township
and special public school funds is mt less
than So III o. which amount does not in
clude any part of the university or Sc m
mary funds. In addition to the interest upon
funds, one fourth OF the enrIre state rev
enue tax is annually apportioned among the
several counties for the maintenance of free
public schools.
The interest upon the State school fund
and one fourth of the revenue so nppor-
toned in 1886 amounted to 500, 0.6S, the
largest state superintendent made in the
history of the State.
Besides interest upon all invested funds
and one fourth of the State revenue tax,
there is annually levied school taxes averag-
ing 4S cents upon each 500 worth of real es-
tate and personal property subject to taxa
rived enabling us to expend annually not
less than S, 100000 for the support of free
nubiic schools. Employed in eaching these
schools are 1854 teachers The enumera-
ton upon which the apporttonment of 1885
was made shows that within the State there
are si5425 persons of school age, of which
number about A 800 are colOred.
On January ], 1871, the State school 1uuQ