The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-01-13

az. a. ~~SS Ss~s~ ~ II s,srN rsSsr ~.
c e,ns ana wnSsr sucS rsstr,csicns q
~" ~ law az Sss ~
~y ~ ~ .s..s ss,sSrssS:A -. s~vs.se
msrt ~ srv oth~r s~curities Than thcsa
ns.,sa q ~. rnrss.twtlor
IN ,ecercher a tSaS. when the former
., ~. trcS s,,rSr rstsrcH Srrm ofece ina "a !.
TAI lfniteA Statsa state al Tcxss Ana
county honda invested In this fund wac
&. sss. soi. SIS. and there was cash bal
ance un,nyested, amounting TO 81, 2is, s42.S7.
How rapidly this cash balance has In
creased recently viii appear from the fact
that In October. 1905 Il amounted 70 $685.
600, ana ON August 81. 1897, n was only
$751;, 1851 OF, Notwithstanding about $685.
600 Of II has been annually transferred to
the available fund. The principal sources
OF this increase are the payment OF WIZ
900 by the Texas and Pacinc Halfway COM
pany, borrowed under tne act Oh lsoS; cas l
receipts from sale OF school lana, xsoS,ooo.
ana net redemption ana rotunuink OF eoun-
~ BONDS. tSAAeoo, uniess some remeuy V
provided this accommodation VIII msaauI ~
bly, continue. LOT scnoo. '"mu w. Sc su.u.
counties viii seueeM anu ..n ~ .uv.l po sus
IN order 70 rcuuss tne ~ " s 80.
NO part .. wH 's ~. tr,rrnn.
70 tne avahauie svm nnc 40 ,s,,' rssss,-
s S srnrs me Houston ana Texas Central
grey Alom ne ~. n,s1 ~ c.,v~s.nn 1S.r.
i.as cop sn r,c erS rs,Iwsv com
r,." ths .,,Sss nsnStnw Il, Inc s,,prene
p p.,s. ~ ~. iynss.3 Ssatss Il 4
~ A. snrrast etyrrt ~,ss made NJ ma. nt tho
.rsnisi .sss,nn IN 1aN5. and again at tho
sss,,,or .sss,nr IN tao7 "a proyide relief.
h,,s ~. lar,s,rtnra declined 10 ACT. Tho
, n~s snr asfect,ve mcasurcs IL now
~ ,,.., .nS ,,rnsrsfivc Thai nublic INTER-
ss.s ,ss,, not ta,rrsta further DELAY. Ii
S S .srnsdv Moan shown that n Ia useless
~ sxnect rel,cf from the purchase OF state
hrrSs ana ho,,d. ~ INC Tinted states are
y. s,,ch nro,m,,,n, a. nrocurab,c al all
-, ~ !. nn,,aiiv S,,.,ic n reiv nnon thcm
-, shn ,,,,,chnsc ~ Iynitaa statcs ana state
hnnas I'm hoard AZ education ia not re-
81 rtct.a ~ snv narticnlnr rate az interest
MT In p,,rchnsinr county bonds ii is re-
cM,rsd IL acr,,ra thcm nj mar. bearing not
Sn.s sha~ < ra. cant ,nternat nor annum
A. nnraoo,,s,,co and hecnnsn n couid
~, ,,ran,is,,,, n racc..arv nrIvate cnn.
~, ~ s.srtra ,n,,as,v,snt hnrn haa FAR NUT.
str,rrnd ma schnoi- tnnd IN thc nvrchnse
~ n,',ntv honds Mora than s8to. 900 az
oc,,n, = N,r,,s hs,a Nv the schon, f,,nd were
rsSan,nsa in isas IN rcfundinr md sale
~ ,,r,uata arssstnra ~ 4 small nremium
~, Moo, n ytaw ~ thc law and Al .e0a, $40
- s,n,, hanas wnr. ,sa,,cd tbnt WAR.
.,,htsh ,ho nnara tor the sama reason
,.as ,,nah,n ~ nnrnharo n "A obvious
.hat M rns,rict,nn. ,nnn rho bnord Nd ia
cnmntv hands ,nuat ~ least No nodified n
= ~, nrs,darahia number a hereafter oh-
/, ainad ana n my Judgment. after mature
s.aaa..,ar IVA ,c,,r ycsrs' oxnsr,anre Il
.ha,,,s =. IN tha c,sa A. fha stato ana
Iin,.nd S,otns Monde nd ran,ovea alto
sa,hss M r.osnn "a nerceived II that
sss tha rttinsnnhw ~ tha law whv conf
Sanan T., tha ,staur,tv and Wisdom ~
.,. 80 sha,,,a Ne r.rosad wbon navo-
&c., a. ctats ana Nntionai securities
ana dor,ad wSan dealing Win county
san,,r;,;ns nov II n a. merely a question
n, intercst ana aatctv WHY countics in
~ .h,a ,ns s.a. nnas hn;,a. AVG nranti"a,ix
san,,ra snn,,,S M ronm,rnd To nav ner
se.. s,,.es.s. ~ this t,,na ana allow the
s,na,a.n - sta.s t,n,,d. ~ mar cent
!. -, rfs..,a c,a.a. nnrn. a. . nor csrt
nms,asa ME tha roto ~ an, arnst Ia tend
a. = do,,,,,r,ara .ond n ID itmnrart,cahia Ia
ga9,sa occ,,,atsIv Inc oommerc,nI mr. bond
saue a., t,a t,t,,pa r,S,s ,.,,t ho ntrsciad
ana gnucr,,aa No h,,.incsa ana trade CON
d,,i,,ss ,,,,noss,hia ~ Nc sornssen In ,epia-
,at;on !, "a annara,,t alan that IN M
5 limit M ,nattsr what a may he, viii
r..a.,ar. Az. hnara ssn,, nurchsa,nr auv
s,a.,.. s.sar.a ~, n.har. tnr thav s,n,ia
i,.,ar, MAI tha hosra cnviS IA and thus
has,n Son,aaa advamtaSa IN neeotiat,ofs.
iatt $50 ,o al uno,' ~ ,uaement AMI
ord MA mt mr.
a.."as ~ s r,a,,ds NM ,,.nra das,rah,e
s,.a Ia ,,na, hottar .sr,ns shar ~ srh,-
t,o'.,, an r;. apon ayarn a.sS No law snp,e
an',,s,,as ars 49, ref,,na,ng hnnda a. 4
S.,s az Ne cant ond nnIa.a
n su ot act,ar ~ .apsr thera IL danSar
~ ~, aosh ,,a1,aaa h.;nS orrstiw IN.
Draosad he no,ntiaa takins in hands haid
-, ~ 'soe, ,,na and ,ss,tns nan hands
~ Tue sunuo, ratn - ,ntarast thon and
q -. ON. VIII, s,ct ai.tmia ma thai
= .,. pe. 4. 49, ha .hot M, ant,ra ,,er.
s ,. -, svnS ~ hana ana ,,hicb
svn 90, hn ,,,.,as,oa II,
may n se,as ,ha ,aa,s,aturo sho,id
s .,. pon nhan a. n ~ existtng law nn
naAe no s"ansu ,',,, ohaman =, Ia hsI
lnc nuu ~. VI m ha f,,i,v ,,vo,,od
.esuu .no laau s !, a. ot ,,,sora,;ya ~ nro
~ ooy ,,,,,ss,r,.n, -, sac,r,t,os otho,
s ,,'a III TO ,'s,'aa ~ ,ha aonsti,,tion
,uan 'nosv "~ nnara,;, cn,,siJarad arc
.t noso oss S.atas o,,wau hnnaa ara
,omSs LIE % Ta.as ra,o chiactinna
.oaa.,y ~ ..naas, ,han,snIy.. IN hands ~
,.ha c,nts oi,, Not S,atos r,av
~ s sa,aa ond ~ Swan, =, bands an,
inr..J shn,hd AZ dayami, ho made snd M,
,,,nh ;naast,,a,,t aa,,,a sana Ia ,nonsx
' ~" - ths s,n,a n IL nu,tn nrans Me !
10 state viii repudiate her bonds. nut
his fas Occurred and possibly may do 80
again. the 0tner objection 10 the puT-