The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-01-13


should make at Chicago will give, In
point OF pIofit to the state, o return not
only commensurate with but'yastly in
excess OF any reasonable outlay, !
therefore recommend an additional
appropriation.
THE PERMANENT SCHOOL FUND,
The irreducible or permanent school
fund now amounts to S7O6,O95 rs and is
rapidly increasing, The last year
added to it $42,s2l 50. This fund ao.
cumulates from the sources provided
in section 4 OF article XII OF the consti.
tuition, and under the law it is required
to be loaned out and the interest APP
piled annually 70 the support Of the
common schools. IL is difficult 10 find
safe investments for the fund at good
rates Of interest, and II 1t is permitted
to increase as 1t has been, IT is more
than probable that sooner or later
losses will result from carelessness,
mismanRgement or accident
In my judgement this fund is quite
az large as 1t should be, aud in view OF
the difficulties attending its cafe invest
ment, II Is both unwise and dangerous
to continue adding toit, Moreover, the
state Is probably less able now than 1t
will be at any given time in the future
to support its schools, AS we increase
in population and wealth the mainten-
ance Of our schools will be loss burthen-
some. lean see no wisdom in boarding
up money for the benefit OF future
generations, who, 1t is reasonable to
presume, will be more able than we
now are to meet all the demands incl
dent to the support OF government. In
my opinion, therefore, the accumula.
lions to this fund from the various
sources provided in the Constitution,
instead Of being added to the fund,
should be diabursed annually with tho
accrued interest for the support OF the
schools.
This would materially augment the
amount OF school moneys annually dis
tributed to the counties, and reduce
district taxation for school purposes.
For these reasons recommend that
you submit TO vote Of the people a
proposition to amend sections 4 and 5
Of Article XII Of the constitution, so as
to provide for the annual disbursement
for school purposes OF all revenues now
being diverted into the permanent or
irreducible school fund.
FOREIGN BUILDING AND LOAN AssocIA-
TIoNs.
l recommend that chapter 81 Of the
code be amended go az to apply to for
eign building and loan associations, or
that an independent act be passed pro-
viding that such corporations shall pay
TO the state tax in some form and re.
port their condition to, and submit to
examinations by, the auditor. A large
number OF such foreign corporations
have recently come into the state to do
business, and while many Of them are
doubtless legitimate, safe and well con-
Quoted institutions, / fear others are
not. No solvent, honestly managed
building and loan association can object
TO proper law enacted to protect the
people of this state against insolvent or
wildcat" companies,
NIo4lAduAN CANAL
The last national platforms OF the
two great political parties endorse the
Nicaragua ship.caual enterprise. This
is distinctly IN American project and
one that a wise national policy and
proper national pride commend to the
country. West Virginia is as deeply
interested as any other state In the
Union in point OF material advantages
to be derived from the construction Of
this canal, and l recommend that you
encourage the undertaking by adopting
a strong resolution in support OF ex-
tending government aid to the enter
prise
EDUCATION.
Tho work Of the schools OF the state
is commended. Tho governor finds
the management of tho public institu-
tions satisfactory. The hospital for the
insane at Weston is overcrowded, and
tho speedy completion Of the hospital
at Spencer Is urged.
NATIONAL GUARD.
With the aid extended by the'general
government in uniforming and equip
ping at Federal expense the National
Guard, 1 feel that it is the duty of the
state, and an obligation 1t should will
lingly assume, to vote funds sufficient
to establish and maintain a thoroughly
organized and efficient military. The
state should have within her borders q
force of soldiery OF her own, easily ac-
cessible and sufficient in point Of
strength, to keep the peace and insure
public safety.
During the past two years there has
been but one occasion for calling the
military to the aid ofthe civil authors
ties in preserving the peace. Upon tho
urgent demand OF the sheriff OF Jeffer.
son county, Company + Of the Second
regiment was sent to his assistance and
placed subject to his orders. The COM
pany's services were required Tor two
days only. A detailed account OF thia
occurrence will appear in the report OF
the acknowledgement.
BANKS.
There is invested in banks and bank
ing institutions in this state the sum Of
s5,O11 4s6 40, Of which s2,56S,4s6 40 is
in state banks md g, 454, 0OOin national
banks. There was on deposit in the va
rious BANKS at tho date OF their several
reports the aggregate sum OF $751;
54l OF, an increase OF Sl,567,30l n over
the deposits reported the previous year.
This indicates a prosperous condition
Of tho people,
1t Is recommended that the mine in
spector for the Second district DO given
an assistant, or that the district be di.
Yidah and an additional inAnactor be