The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-07-19
ARE ROBB|NG SCHOOL FUND.
,GOyERNOR AND AUDITOR HAVE
NOr ISSUED BONDS.
Eject In to Deprive the state of $40
Per Day and the Current school
FsaA OF go Per Dsy-Lsnd
Conmiastener Bridges Complains.

SPECIAL Dispatch TO the post-inteliigeuees.
OLYMPIA july is.~-f.and Commissioner
bridges Is iispieased because the governor
and state auditor haye not issued state
bonds In which the permanent school fund
may be invested. the Interest on which in
vestment would 30 turned into the eusrsn.
school fund and be applicable for the par
poses of educating th- public school chill
aren os tis.s state
,rrder a law passed by the last legis-
iatnre II was made the duty of these state
offc~rs Ia issue bonds IN which permanent
school fund moneys were To be invested
The matter Was taken 10 the supreme
eamrs fer ruling. and the court held that
the bonds should be 80 isslarL This has
not been done. although the decision was
handed down ON June 2. and apparently
no EFFORT has been made toward 30 invest
ing the fund.
Commissioner Bridges said:
State Auditor Cheetham informed me
that. according 10 the treasarers quar-
teriy report. dated June 81 last. there was
tiss.gso In the permanent school fund. This
has increased every day since. On June
. the supreme court decision was handed
dswn. This is tsse 18th Of July. and na
bonds have been issued. although has j
tasked with both the governor and suslis@r
in regard 30 shts matter. The law directs
tina, when the treasurer has on haai an
amount equal 20 Na.e In the permanent
scho-si fund that has no; aeen otherwfae
invested II sAaii ha the duty ~ the gov
crnor and auditor 20 issue state sun3s az
90 per cent 10 that fund. the rrpcessls
from wnica sale elsu hc ifnmeita,eIy used
for calling In outstanding general fund
warrants TIE fact that this Las has not
aees complied with practically l0ses - the
current school fund 500 monthly and 10
IRE state ever tI.sno monthly IN integeE; un
warranta that should have been called al !
paid
when I talked With Auditor CAeethara
his excuse was that the treasurer had re-
seetly made a call gog some tsaaa worth
~ warrants and & would n1t ~ Just ta
warrant Ankssrs Ia cali warrants sr great
sr uufsah9ss than the treasurer could prep
efay handle far warrant holders acre esl-
titsesf 20 interest ua warrants 1911 su3ss
time az tire treasurer was In a rosstt1H 10
pas sasr1 en- aernsfsa.
~-$ow aanss propose 20 stand by and
sass me p~-,sx seh1oi children af ear state
rsstssee ts s4s usanfhiy because The wsss
~rrar ard xnesssr have saissd 30 aases the
mandate " the supreme uassrt IN this mai.
Ter without aasns my utmost - prptes's
their Interests Which are !BtTaSsee Ia roy
care All want Is tse interest IN @hleh
sas current scAool f8n1 is ~ right erst-
stsss for ~e ns~ss every penny nf e f1r
tAe sssueAts0u az ogr children ard Y9aih
seram gnoat It's state .
Tha treasurer ssssti1 se ae5e Ia Aand3e
the xo4eEnn ~ business n@cessayy 80 cali
tnx ard paying gasza warrants. ss there
are n~tye c4esxS IN THAT @Sacs row than
ewvr a-vsoss n the history ~ TIE stats
MuamsAsse t2ge ssase Ia losing 80 ard th~
osssruns ss,ne~4 saasf as,osss 80 Ter say IN
interest wh8ca might - saved ~ tss IA
w.s FsaerssIseS w&sA