The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-10-02
ABOUT STATE SCHOOL FUND.
Representative Hilton Hot Over the Actio
OF Other Committeeman.

Topeka, Kan, Oct 1.-The cimmt-
tee which was preparing the report
on the investigation Of the investments
and securities held by the state school
fund adjourned Saturday evening I'M
til October 10, when it is the intention
to meet and complete the report. 1t
was understood that the committee
would complete the report before ad-
journing at this time, but the members
did not do So
Representa- tive B. F. Hilton, one Of
the PopuliSt members Of the committee
feels that the members present at the
session Saturday, Representative Funk
Of Marion, Tucker of Douglas and Hop
kins Of Finney, who also acted for
Senator Brown, did not do the proper
thing when they agreed to adjourn I'M
til the 18th. In fact 1t placed Mr.. Hill
ton IN such a mood that he said yester-
day afternoon: II have nothing fur
Their to do with the matter and will
leave for my home tonight or tomOr-
row. / cannot afford to run down here
twice a month during the summer.
The members Of the committee who
were here Saturday, as I believed, had
agreed to complete the work before GO
ing home. However, when train time
came, they jumped up and left. They
did not take a vote on adjournment,
Acting upon his own belief that the
committee did not act wisely, Repre-
sentative Hilton has prepared a copy
Of the report which he will make as a
result Of his observations during the
session OF the committee. He says he
will have copies of the report made
and forwarded to each member of the
committee and they may use their judg-
ment as to signing it. 1T is the report
l am going to make, anyhow" said Mr..
Hilton, land it will be sent In whether
they sign it or not"
One Of the most important things
to Mr.. Hilton is the fact that the state
school fund Is out large sum of mon
ey because of the purchase Of bonds
which have proved to be fraudulent by
the state school fund commissioners.
To prevent the recurrence of this he
recommends that the members of the
commission be declared guilty of felony
and subject to a fine and Imprisonment
when they purchase bonds, the name
of the actual OWNER OF which is with
held from the transaction. Mr.. Hilton
believes that the members of the COM
mission will not be imposed upon when
they are fully acquainted with the his
tory of the bonds offered for sale and
the persons to whom they belong or
by whom they are offered for sale
1t Is also aIr. Hilton's idea that the
state permanent school fund should be
reimbursed for the amount of which it
has been defrauded by bad bonds, and
that the funds should also be reimburs-
ed for the bonds issued by the city OF
Lawrence to aid in the constructio Of
OF the state university, from the pay
ment of which city was relieved by an
act of the legislature. The amount Of
this issue of bonds was 100000. When
the school fund purchased the ipnds
they were valid, but an act of the legis-
lature created a discrepancy to that
amount in the school fund investments
The school fund also possesses bonds
to the amount of 81 900 issued by the
city of Saratoga, Pratt county. The
only things now in existence which in
dictate that there ever was town there
are these bonds. Mr.. Hilton will also
recommend that the school fund be
reimbursed for these bonds by an act
of the legislature. Other fraudulent
bonds to the amount of SIS 900, a grand
total of Si16,90O held by the school fund
without value. will be included with
the recommendations that the state
furnish the money through the legiSla-
ture TO pay the deficiency.