Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-10-06

Use of sensation OF some proportions.
The proposed legislation touching
the manner OF Investing the perma-
nent school fund was up in the house
this morning and this afternoon, II
was hung up this morning through the
inability of its friends to muster the
requisite four-fifths votes necessary to
suspend the constitutional rule. IL was
brought up this afternoon. however.
and passed and was amended 50 as to
conform to the house measure which
was a substitute for the Dashiell bill
similar to the Beall measure.
The bill as 1t went through this after
noon provides for the Investment of
this fund in bonds bearing not less
than per cent Interest, and authorlz-
ing the payment Of premium for de-
sir6ble bonds in the discretion OF the
state board of education with the dis
tlnct proviso that the permanent school
fund shall not become impaired by the
payment of any premium the law
specifying that the interest from such
investment shall make good to the
permanent fund any premiums so paid
before becoming available for current
school purposes.
1t Is very probable that when the
bill as 1t passed the house this after
noon comes up before the senate Mon
day moSilng a free conference of the
two houses will be had and IL will be
clearly unconstitutional on the ground
that no part Of the available s hool fund
shall be applied to any other than the
support of public schools, and that this
provision makes all interest arising
from bond Investments a portion of the
available school fund, On the other
hand over in the house II Is contended
that the act would undoubtedly be un-
constitutional IL 1t were to pass wiLkout
the provision for the reason that no
part OF the permanent school fund shall
go to the availible school fund
As predicted In today's Gazette the
proposition to validate the titles to GER
tain school lands is meeting consld-
cradle resistance In the house. These
sales were made under very different
circumstances from those under Colonel
McGaughey's regime. The McGaughey
sales which were declared Illegal by the
courts, have been cancelled upon suits
by the attorney general and the land
has been resold: thus 1t will be seen
these lands are not affected by the pro-
posed legislation but lands up into the
thousands OF acres were sold by Land
Commissioner Hall in as many as
elghty-four counties, as Isolated and
detached sections. For Instance, where
three sections OF land lay side by side
and the middle section was sold the
other two were put upon the market
as isolated and detached.
ne supreme court mas uecl0ed, how
ever. that sale wherein the title did
not pass, owing to the long time given,
did not constitute a sale In contempla-
ton of law and that the sale OF the
remaining sections as isolated and
detached was Illegal, nun and void. II
is to validate these sales that the law
as proposed. II the state can put
herself in the attitude OF making good
these titles, spectators and others
| VINO ma themselves in possession of
land worth less than the purchase
| price, Will be able to demand OF the
state refund of money and interest
paid. While those who desire TO hold
10 their contracts VIII be protected
therein.
The bill went over until Monday at
which time Uncle Tray Henderson may
possibly have chance to carry out
his filibusiering threat The supporters
of the bill. however. think that a
quorum Will be on hand and the act
will go through.