The daily morning journal and courier., 1895-06-21

ference between paying the per cent
 on this fund that the state would be re-
 quired to do under the bill and that of
 the state going into the market and | borrowing at 3 per cent. is $60,000. Now
 deduct the $10,000 it costs to run this
 fund, and the net loss each year is $50,
 O0O
 MT. Gum of Milford-I do not believe l that this bill in any way reflects upon the present commissioner. It is imma- l terial to me, as a democrat who you nominate for commissioner. Whoever it is will be liable to errors of judgment.
 But if you invest this fund in the state you will make no loss whatever, for you will have every house and farm in the | state pledged to its security. This is not a question of politics, You are pro- posing to reflect upon the name of the l present commissioner when under fire and suggesting a new commissioner. It l is not fair that this style of logic should l be used.
 MT. Marsh of Bridgeport-T fund has been managed for 100 years and I think it is remarkable that it has been kept together so well. This school fund | is to be kept perpetually. It Is unwise to call this in. If you issue your state debentures at 6 per cent. the state will be continually pledged to the interest. That fund ought to be kept intact.
 MT. Mills of Middlefield opposed the report. He said there could be no bet ter proposition than to use the fund in paying the state debt,
 Mir Judson of Stratford said the losses to the school fund had been $76,0O0 in thirty-five years. Under the proposed bill the losses would be $48,0OO per year to the state The constitution forbids us from taking that money and invest ing it in the debt of the state. We should reject the minority report.
 At 1 o'clock the vote on the main question was ordered and MT Newton debate. He believed the state had reached rock bottom and instead of there being losses in the future the val ue of the securities would enhance very soon. In Ohio these investments had been made on fertile farms and in the corn belt. q appeal to your patriotism to preserve this fund"
 The question of substituting the re- port of the minority for that of the ma jority was voted on. The minority re- port provides for collecting the invest ments as rapidly as possible and paying off the state debt. The minority report was voted on. There was 8 question on the vote, which was very close, and an- other rising vote was ordered.
 There was more trouble in taking the vote in two sections, and another vote was asked for. The speaker said that under the circumstances 1t would be desirable in placing the result beyond "a. doubt, to have yea and nay vote. l On this question 43 voted yes and such | a vote was ordered. The speaker order | ed the doors to be kept closed and al- | lowing mo member to leave the hall | while the vote was being taken. MT. | Judson said a number had already lett | and he moved a recess. The speaker | said the house had ordered the vote and | 1t would be taken.
 The vote was taken, requiring delay | of nearly thirty-five minutes. It re- suited in the rejection of the amend ment by a vote of 97 to 10S.
 Mir Judson moved to reconsider. but the motion was lost.
 A yea and nay vote was then or lered on the acceptance of the major ty report and it was carried by large majority This leaves the present in- yestment intact
 The vote of the representatives from New Haven county on the acceptance )f the minority report was as follows;
 Yeas-Webster, Terrill, Sheldon Wood. George, Smith, Dudley, Gum Russell, Talmadge.
 Nays-H. c. Newton, Elliott, Powell Hall, Peck, Warner. Gerald, Downer, Page, Little, Tucker, Twitch- Il, Linsley, Eaton, Sanford, Mitchell, V. H. Newton. Hough, Bailey and Hitchcock.
 A motion to hold an evening session | esulted in a vote of 60 in favor and | i against and the house was then ad- burned on the showing of a lack of uorum until Friday at 10:30 a. m.
 THE REPUBLICAN CAUCUS. f There was largely attended caucus \ f the republican senators and repre- f held in the hall of the house F his morning at 10:30. Senator Ferris S f South Norwalk presided. The meet I vas in the matter of the nomination f a school fund commissioner to suc- eed Commissioner Olney Senator ayton of Derby protested against hold lg the caucus this morning, and at z n hour when 1t was not convenient ,r the New Haven county members to u 3 present. He favored postponement J ntil some time next week.
 It was finally voted to hold the caucus ext Wednesday afternoon at 2 o'clock. The candidates include Herbert D. D enton of New Haven, chairman of the publican state central committees; ex- O. ank Commissioner Griswold of Guil- A, rd, and Commissioner Olney MT. enton, it is believed, is in the lead in It e race. $ THE MASON INVESTIGATION. a, A letter has been written by Rev. c. TX,
 Piddock of this city, editor of the | x lristian Secretary, to Senator Palmer, cretary of the Mason Investigating Sc mmittee, to the effect that he will It appear before the committee Mon SC y, and that he has no witnesses to m me, nor any evidence to produce to P owe bribery or corruption on the part dt the senate The investigation will, erefore, probably end and there will of no hearing Monday. m
 SENATE. ne The senate concurred with the house on the rejection of the bill concerning pS against and blacklisting