The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1899-01-28


that while ordinary public schools were
maintained by direct taxation, High
Schools were excluded on the ground
that the people at large should not be
taxed for the support of higher edsca-
ton. On the other hand, he said, the
State had jumped over the High School
proposition, and taxed the people d.
rectly for the maintenance of the State
University, which was step higher.
Simpson inquired whether the speak
er thought it advisable to bring a Stare
in direct competition, as a purchaser,
with its people?
Bulla held that there was no COMPETE
ton about the matter, and Rowell's
amendment to the amendment was lost
by a viva voce vote.
VARIOUS OPINIONS.
Smith thought Bulla's amendment
| ought to be amended so as to allow the
Regents of the State University to pur-
chase some of the bonds.
AMENDMENT ADOPTED.
Bul!a explained that the Regents of
the State University do not constitute
department of the State Government,
and that they never. account to the
State for any expenditures made by
them.
Simpson opposed the amendment,
protesting against the State entering
into competition with the people in the
matter of purchasing interest bearing
bonds, or bonds which demand or may
demand a premium, unless the State be-
come bidder and pays the premium,
Whatever it may be, instead of being
made preferred par purchaser to the
exclusion of the people who compose
it. He opposed the amendment and
SAID he would oppose the bill.
Bulla's amendment was adopted by a
vote of % to 3.
An amendment to Section 10. by
Smith, making the manner of voting
for or against the issuance of the bonds
conform to the Australian ballot sys-
tenn. was adopted.
NO ADVERTISEMENT WANTED.
Smith offered an amendment striking
out all of Section II which provides for
promulgating the provisions of the Act
by having the same published in two
newspapers in San Francisco, two in
Los Angeles, one in Sacramento, one in
Stockton and one in San Jose. The
amendment was adopted.
The RATE PER CENT
Then Cutter offered an amendment to
Section /, again cutting the rate of in
terest, this time from 80 per cent. to
3 per cent.
Braunhart opposed the amendment
holding that it might be difficult to
dispose of the bonds at that rate. par
ticularly as they were to be sold at par.
simpson who opposed the bill, APP
| proved the amendment, holding that
the credit of the State was just as good
as that of the United States.
| Cutter said the State of Massachu-
sets which has a heavy debt. sells 3
per cent. bonds at premium; Califor-
MIA, he said, is wealthy-its bonds as
good as gold. and the idea ought not to
go abroad that the State had to tack
a high rate of interest to its bonds in
order to dispose of them.
Morehouse opposed the amendment.
calling attention to the fact that a
prior amendment, making the issuance
of the bonds a popular loan, had been
adopted That provision, he held,
would be defeated by reducing the rate
of Interest as the people would not pur-
chase at that figure.
Burnett also opposed the amendment
and claimed that its supporters were
merely trying to defeat the measure
Simpson again spoke in favor of the
amendment, and Dwyer and Burnett
opposed it.
| Cutter objected to fixing the State
rate of interest at 31a per cent. He
! said that only a short time ago the San
Francisco Improvement fund having in
| creased enormously, difficulty was en-
countered in placing it at 3 per cent
| He demanded a roll call on the amend
ment, and it was lost by vote of 8
| to II.
BODY BLOW PARRIED
| Thereupon Smith moved that the bill
be refused engrossment He said he
made the motion for a special purpose,
and that he did not desire the motion
| to carry. He stated that during the
last two years not single newspaper
of Importance in the State had advised
or advocated the issuance of bonds for
purposes of Improvements. Unless, he
said, an interest in the matter was
evinced by the press and the people, ard
| an inclination was shown to have the
matter submitted to a popular vote. he
| intended to vote against the bill when
/
passage.
Boyee concurred in all that Smith
said
| Braunhart said Smith was mistaken
| in his statement. Every merchant in
San Francisco had requested the pas
sage of the bill, and every newspaper
in the State had advocated the issuance
of the bonds Public opinion in San
From oil
in accord with the bill. He saw no
reason why any member from an agri-
cultural county should oppose a bill
which would eventually make of San
Francisco harbor free port of entry
He explained that not a dollar for the
purchase of the bonds would be drawn
from the State treasury, or be derived
from taxation
Smith offered to withdraw his motion
! If by that means he could check the
flow of Braunhart's eloquence. Cut
| ter objected, and Simpson demanded
the right to speak.
! Braunhart demanded the previous
question, and he and Simpson had a
personal tilt, much to the delectation
of the Senators and the lobby In the
end, Simpson SPOKE moving that the
| further consideration of the bill go over
until some future time The motion
met with no second, and Smiths mo-
ton. that the bill be denied engross-
ment and third reading, was lost by
a vote of to 30
As amended the bill was ordered
printed.
At 12:5O p. m. after the ballot fer
United States Senator had been dis