The intelligencer. [volume] (Lexington, Mo.) 1887-1891, 1890-09-13
THE SCHOOL FUND.
Total revenue for seven year s7.225,ols >


"o''.....''..-' .....-...-..... 032'D ~
Total revenue for seven year 81 .22J ,9l3 81
twenty-five per cent. OF This sum,
amounting to 81 ,S06, ,47S 33, was with
held from the schools aud used Tor
other purposes. Gen. John B. GRAY
collected about 81 ,000,0 from the
United States (for war expenses paid
by the state), end the general assem-
bly, by act approved by Gov. Fletcher
March IL, 1861. undertook to REIN.
burse the school fund Tor the moneys
withheld during these Years. aud
appropriated $l,500.000 of IL to the
school fund, which was $306,47S 33
less than the amount due the school
children for the 25 per cent OF the
revenue fund (not inciuding part of
the bank dividends withheld.)
In 1860 the state tobacco wareho ase
at ST. Louis wss sold 10 Jameson 4
Cotting and the proceeds, 1882 600,
less 1897 35 commission on the sale,
was given TO the school fund.
Uuder act OF March 5, 1866 approved
by Gov. Fletcher. the bank stock
belonging 10 the school fund was sold
to Capt. J. b. Eads for $7ls,235 25,
and the state received pay Tor il in
railroad bonds and matured coupons.
This act required the proceeds TO be
invested for the school fund in United
States bonds. and provided that for The
| time the money remained uninvested
the state WAS to pay per cent interest
10 school iEonevs. From June. 1866.
| The date OF the sale, to July |, 1872 this
money remained uninvGsted and not a
cent OF interest was paid thereon. AT
this last named date, the amount OF
principal and interest due tho school
fund was S976.7 81, and, in obedi.
ence to an act of the legislature, Gov.
II. Gratz Brown issued a state certii-
cate of Indebtedness for $500, 900
which was S76,799 81 less than the
amount dine.
AID TO PUBLIC SCHOOLS.
In 1873 the interest Oh the certifi
Gates OF Indebtedness and one fourth
OF the ordinary revenue receipts wal
set apart and apportioned for the sup
port of public schools, amounting [,
1851 $40 Al. and in 1890 the interest OF
the certificates of Indebtedness aut
one third of the revenue receipts wa
set apart and distributed for the sup
port of public schools throughout tn,
state, amounting TO 1851 1856 10, bcin,
fraction over 81 tor each child O
school age in the state.
RATES OF STATE TAXEs FROM 1865 T,
1890.
A history OF the financial affairs G
j the state from 1865 to 1890 would b
state taxes levied and collected q
various periods.
In 1863 the revenue tax was 40 cent
on the 800 valuation; military tax,
cents on the 500; revenue poll, 81
military poll, So.
In 1866 revenue tax, 40 cents on I'll
800 vaiuation; military tax, 80 cent
on the 800 OOgether making 80 cent
on the 800 valuatioD; revenue pol
81; military poll, 81.
In 1867, revenue tax % cents an
state interest tax, 40 cents Iogethe
. making 65 cents on the 800 valuation
revenue poll tax, so cents
I In 1868, revenue tax. % cents; stat
interest tax, % cents together maxim
80 cents on 800 valuatiOn). and rev
nue. poll, so cents.
| III lOOO, lOSo hhu iOt va
25 cents, and state interest tax .25 cenl
together iDskiug 80 cents on $lOO va
uatiom.
81 In 1872, 1878, 1874 and 1873, reyenr
/ tax, 90 cents, and state interest tax.
r cents together making As cents on Slt
, valuaiiom.
!, In 1876. 1877, 177s, 1879, 1880, 1ss
1 1882, 1883, 1854, 1875, 1886, 1887 an
9 1883 the revenue tax was 20 cents an
the state interest tax 20 cents (togeth,
p max ing 40 cents on the 800 valuation
, In 1889 and 1890 the state revenue ts
!, was 90 cents aud the state interest Ia
a 10 cents together making 80 cents {
n the 300 valuation).
The property in the state was sssess'
for taxation at $S07 ,000, 900 in 1889 al
$500, 900 900 in 1890, and the reductit
Il of the rate OF state interest tax by q
a thirty-tiith general assembly from
cents TO 10 cents on the $l00 vsluati,
!. saved the tax payers $S07 900 in Is
a and will save them $500, 900 this yes
n making 81 ,t67 900 for two years. II
- levy of ~ cents tor state interest W
be ample to pay the Interest on the Dc
and reduce the principal $500, 200
w year, VI uOuoiO tuC ohhouht iSiuiiON
OO the constitution.
OO THE RAILROAD pERr,
~ The following table, compiled fro
Cy the books In the state auditors oil
shows the amount OF bonds issned
90 the state and loaned to the various rs
roads, and the amount of unpaid NJ
W. tnred interest due thereon at the ia
oo of the release of the states lien on
90 railroads;
60 | Pacific railroad bonds. .,....... - 900,
w Interest paid or owing by the state
on these bonds from date OF de-
oO fault by the company to date of
release of the states lien in con-
100 sideration OF $5. .OOD O4i. ., 80. a,TSO
Pacific railroad, southwest, q per
cent. bonds. s..................... 1853
Pacific railroad, Southwest. per
cent. bonds. ................... 1911
,oo Interest on these bonds from date
OF default by the company upIa
,Oo January l, 1865, u short lime be-
fore the property wa- given away, 20a3
oi North Missouri q per cent. bonds. 4,?5u
Interest on same from date OF de-
fault by the company up 10 J iy
1ooI |, Its, at which time the proper
,SS ty WAS given TO Hon. Henry T,
''o Blow et al for $500 600 ...,.... 2,8lO
ST. Louis and Iron Mountain rail-
700 road. Il per cent. bands. ........ 3.5Ol
Interest from date OF default by the
company up TO january l, 1868,
noo short time before the property
'oo was released under act OF Marsh
,oo II, 1868. s.................... 1891
wv Cairo and Fulton railroad, q per
o,n | cent. BOMBS. is.,.............. G;,(
WV Interest from date Of default TO
January l, 1865, q short time be-
fore the road was released under
ocoI act OF March II. is y .......,.. 83l
Platte county railroad Il per cent.
Interest from dale Of teianli hy the
oon Lompsnv up to January |, 1858, IA
wy short before the road WA Teea~-
n,oI ed under act of March Il, 1865 ., pl
o ooo Total mount due the state ut date
OF sale ,-..,.,.....- 0"i''"
a. | Deduct toInl auuOunt received of
" the stale from the sale oi the
roads, including Interest on de-
OlO feircd pay ments....... ..,...... y i"l
wv $20, ,6Oi
nm Deduct profit an operation OF Iron
MountuIn railroad .........-.... 20
81. Amount nf loss TO the stale On ac-
'Ay count ot the sales OF the railroads
,ry up TO date OF sales 80 h'3
,ed From the date of the sale OF The I,
,ii. iuad property and the release of