The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1893-04-06
Our Austin Letter,

OuI huobllA
Special Correspondence to The News.
AUSTIN April >. The house this
morning concurIed in the report of
the free conference committee on
the senate bill providing fot the re-
firing Of $lsG so OF state bonds
bearing : per ceot interest by the
floating of bonds for like amount
bearing , per cent interest. The
senate, however, refused TO concur
in the conference committee report,
sdhering TO it's origins rate of {
per cent interest on The BOMBS. 1t
seems that the school and univ 9rsity
fnrds are largely inv' cd in these
bonds and the university parusaus
in the house insisted that the inter
est rate should be pat at per cent
because the income from this source
goes into the support of this
institution. The senate aud OPP.
ponents Of this feature of the bill in
the house contend that the state Of
Texas should deal with the univer
sity flnd al with every other class
of bond buyers, placing her bonds
where she can do so TO the best
advantage, and thai Texas can sell
/ per cent bonds on the markets at
premium, and that the pla ing of
! the rate of interest higher than that
on the GROUND that the interest went
to the support Of the institution was
covert iDsnuation that tue state
did not stand ready to provide for
the maintenance of her ms buttons
at all times without resorting to
this subtertuge. A free conference
committee Will be apqointt d and the
| chances are that the house will have
to recede from its . per cent con.
tention.
The proposition to create q
''smelIing COMMITTEES" to be com
posed of three house members and
two senator's, to nose through the
different departments of the state
government with view TO finding
bugs under chips and niggers in
wood piles, while the Legislature
is not doing tie act itself, was
truck in the neck lst balow the
lobe of the LETT ear, AID went TO
sleep under motion to postpone
indefinitely.
The general land III 3e was closed
YESTERDAY out q respect to the
memory of the late Jacob X uechler,
who was commissioner Of the On
eral land Office under the admins
tration Of Governor Edmund J.
DAVIS.
Senator Dean of II PAso, per
formed in the senate yesterday,
holding the boards for something
like Two hours, on motion TO
strike out sc,tlon g of the bill for
regulatirg the issuance Of railway
bonds Section 3 of the bill mere
ly provided that nothing IN the act
should be construed as binding the
state of Texas TO the payment OF
the bonds Dean contended that
dire GAIA nifty would result FROM the
allure to strike out this clause
Presler asked him if lie would con
slider the state bound for bonds is
sued by Texas roads with this pro.
vision stricken out. Dan said he
| did not. Chen, said Pr. sler,
"what objection have you 10 the
provision remaining in what
harm does it do?' Dean a-gued
that the very presence of a state
ment that Texas was not bound for
these bonds was in the nature Of a
questioning of the bonds, and that
lne section was unnecessary aud
gratuitous and would stop railroe d
building in the southwest Just
how clause reiterating something
which is universally understood
and which is regulated ty con
stitutional provision, could bring
so dire coust quence vas not made
CT ar. The sci aor was eqcaly az
unfortunate with his argument.
He seemed to think that man
who need ID money and went TO q
| h,rL ,.r,,I =,