The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-08-13
PUBLIC SCHOOL FUND.
Houston viii Receive Over Forty thousand
Dollars from The State.
MONEY, TO BE USED 10 PAY TEACHERS
The school Board, However, ,ontcm-
plates Paying Salaries 90 some
Members of the Board ont of IL.

As noted IN The Posts dispatch from
Austin. printed in Sundays paper, the
State school board has fixed the appor-
tfor nient for The coming year at S4.75 per
capita, which means the distribution Of
sS.5270OO among the 10000 school chill
dren OF Texas. as shown by The census
which has Just been coiRdeted.
az this amount the city Of Houston will
receive SiO,S37 the rolls as approved by
the State school board showing tnlt Hous-
ton has scholastic population OF S402.
In addition to this the city council APP
propriated $4,000 at the beginning OF the
year for the public schools Of the t.
and of this amount S2S.oOO still remains
In the fund. according to the statement
oi member Of the scnoul board last
night The mkt appropriation viii be- maau
10y rho city on the first o. January lppl
II the usual custom is followed.
All Of the money apporttoued to the city
by the State must ne speut O. .each2ls
salaries only the law providing ,hal II
shall not be used Tor building school
houses or Tor furnishing them Tee city
OF Houston now owes the teachers enc
nicuuI -a.4tA on tAe lasi term As
shown In these columns before aud
the board also coaemplstes pay
ing the salaries OF a secretary
and treasurer out he hnd -
members OF the school board; IT is not
known whether the teachers are TO b.
paid for services rendered last year out
Of ths years appropriation or when they
are TO be paid for hat matter. 10 board
having declined 10 make any statement in
regard thereto.
Under the wise administration cf the az
fairs OF the State by mon who we're true
to their pledge tho public school fund
has become something really great; in
the state ireasl there are notes mostly
:or small amoun,e-which aggregate a
great fortune these notes have been
given in partial paymeu' for lands belong
lhE 20 the perUaneu school fund, an
those on which the interest Us being regu-
larry paid aggregate something Ice $l3.-
100000, bearing interest n different ratcs,
some as low as per cent the othar5
ranging upward o 10 per cent. according
to the law under which The land was
purchased In addition TO these good
notes. there are also large number d
which tho interest has been defaulted
and on these suit viii be broU.r1t 20 re-
cover che land FOR the school fund.
ne ScnOol lNnN also derives an IN
come from nearly 100000 acres Of Ian
which are under lease by cattlemen, thu
total from these two sourees--i1terc ol
notes and leaees-being. In round figures
81 ,000,0 600 per annum.
The money which is paid in as principa
on the land notes goes to the perman II
school fund and must, under the law. b
Invested In Texas State or county h1u'
drawing not less than per cent the fun
rew owns about $7,500,Q00 worth OF the
bonds. the interest on which amounts
about SS7500o.
The greatest source Of revenue h Il
available school fund is. however, taNj
ton the tax rate in Texas IS not high
that is referring to State taXes-lr
about half the income derived from Il
ad valorem taxes goes 20 the school fun
netting It about S2250 600.
In addition to these sources Of reveuu
the eehoo fund also has more than
million dollars lying idle for The wa
of a legal nvestment-the counties bell
able to borrow money at lower rate
interest and the State not needing a
borrowed money-and a large amount
land which does not produce ny reve9
because q, Is not leased or because 1t
in litigation or in process OF litigation.