Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1893-01-06

1854 school houses, with a total seating capacity of 5s;3%5, the
onc-hat million dollars There are l,7o7 schools, with an enroll
me"t Of 1920 pupils The total amount of funds "ppnrtaon ned by
being a, the rate per capita of s5?5 annually for each child over
six and under twenty years of age.
PUBLIC ExAMlNER.
The report of the Public Examiner will show that there has
been an increase of one million dollars in the assessed valuation
of banks organized under our splendid State banking law. Our
system of controlling State banks has not only been highly com
mended by fnanciers of other states, but it has had the effect of
bringing the credit of our State banks we'll up to the standard of
thst "t t5s inw S"i is w % s' "A Gnri llG l@ to S; Eh"% h"m&s finds !" sn "ms
matters of detail, and he calls the attention of the Legislature to
but one State bank failure within the two years past. This bank
was located at Glendale: About 65 per cent Of the i"1crtsdness
s@tisfy al! claims against this bank: IL will also .scc%ms"a
furniture, etc. His report will show that eighteen new banks,
,% with a t Isp mnst 5 fscsF of ,r slS $I 3 y. We're snw organized hsS" ixsaui in the the State
banks; with it'll a q s% 2 5t :, Of tos ss DC: 800 500 s These 1:. banks contain
placed in these Institutions in the way of savings, demand and
time certificates of deposits 1t is learned from another source
capital stock of s%2,5l5.0oo; that the deposits are s6,76s64473$,
showing a surplus of %s566.5l7.7o, with loans aud discounts Of
ness in the State Of North Dakota. Your attention is resnect fully
d dire e e, t" 1.-THE, the report report Of ft til? Public nf el Examiner, as it also deals
business in our State though charters obtained under territorial
form of government.
COMPILATION COMMITTEE.
Committee u ittpe" 10 e eomp iHs o ,r l pl"s1 | named rt ' Hon "pf r \ NJ Pd,,o OF a
Hon. ?. H. Rourke and Hon. J. G. Hamilton to execute this very
important WOfk. NAT IL mature ~ scope OF a proper cOdihca-
ton of our laws would naturally require a large amount of able
ana CONSCIENTIOUS f 's labor you are we'll aware, and how faithfully
exacting duties assigned them you can best Judge, as their e-
lhaustve, and | have good reason to believe, complete and compre-
in advance, from experience in the past, that you, as lawmakers
Of Oft the Sss STATE ;%f, %md the til ire REPRESENTATIVES. Sfsfa m of the ne people: always having
it careful and equitable consideration. \ correct compilation of
our laws, and a complete eradication of their many ambiguous,
conflicting and imperative clauses means a clear and perfect
understanding Of their intent, and to this end your Committee
has devoted much time and earnest devotion, as we'll as to comply
With other provisions IT the law governing their duties.
SCHOOL LAND FUNDS.
BY Constitutional provision the State Board of University and
School Lands is prohibited from investing Ehe moneys derived
from the sale of school lands, except in school corporation bonds
within the State, bonds of the United States, bonds of the State
H inv sats1 a DI portio" or Of n t irst f %"dsst tEas G dsrj in"ds; IN Ihs Board rah has
BONDS; 5u f1 the h G{hn rate 1 Of premium now commanded by our
chase these securities tor permanent investment; and the Board,
proftiny by the experience of other states, deemed it unwise to
There is, therefore. some thirty thousand dollars now to 9TH the
credit Of this fund in the Treasury. The investments already
have provided by law for the investment of similar funds without
their State, under proper conditions. 1t is unfortunate that our
securities, as the State might derive material benefit could money!
those enumerated in the Constitution, and this may be conside neI
as an explanation as to why all the school land funds have not
ton of the Indebtedness Of the Territory of Dakota, as determined
Dakota, the last Legislature authorized the inmc Of e s16 1G M6
OF 3o-year a per cent. interest bearing bonds. The negotiation
OF neSc securities came at period when lOaning rates had roacIn.l
their highest point within two years; yet the State officers in
charge Of the sale of these securities we're enabled to secure ~ ~
extremely high premium for them, being sufficient in amonnt to
practically reduce the interest on this bonded indebtedness to abont
.! per cent. 1t is believed that the premium secured for tbaso
bonds was the highest ever known to have been paid for western
State securities. An examination of the State Treasurers renort
will demonstrate that our finances are in a healthy cond;t;,n 'p mI
that sufficient funds are on hand to liquilate the expenses ;m; '
dent to State government. The following condensed cnm,nnn-
will show the amount in the Treasury to the credit Of tn var;"nys
funds on October 81, 1892: '"i'"'
T rnst G E"ri $ 1924 90
V,Uov civ E,r,.I S,hn,l bowl Ennii 35l1 4G
N,vviln Noru,,I .hn IHomI E,,I 4S7 GS
STATE I,uIlin, EunI 1I5G SO
t,r,,irr;,nn' NJ I,urn..l EnrI '' II 90
Crncc L.rn;rny Nav 81
Pcrn,nen Schnrl TunL 1869 10
State Tuirn Enni 13DWl 81
mtcrnct and Incr,n. E,l '''.... @l7l4 OS
Pond Intcrrst 1864 50
General Find 2177l Is
1860 81
Iotal. 80. -: ...... ( rno n, =,
About 100000 o" the permanent school fund has bee, ;nvos4o1
Ia afn srcnritins cimn1M n nnlinu IL A.. L. ~" INC0lC't