The Minneapolis journal., 1902-08-25
S. DAKOTA's SCHOOL FUND
Chief Points in the Report Of Land
Commissioner Eastman.

of the department of school and public
| lands, in his letter Of transmittal In his
| report to the governor gives the total or
| the state school fund as $4;OS4, ,66O5a.
Since statehood the department mas dis
| tributed to the schools Of the state,
| $2,0l4 25S1O as the income which has
been derived from the interest on money
| from sales and on leases of unsOld lands.
This amount exceeds the total bonded In
debtedness of the state by $1,596, 76S. ...
| The total common school land grants
to the state amount to 2,150,480 acres, OF
which 276, 4S6 acres have been sold The
leases the present year amounted TO
|. .12667O acres, leaving about 750, 900 acres
of such lands which are bringing no rev.
enue. A large amount Of this Is west OF
the Mississippi river, and 1t lies unleased
on account of the free range law which
| is operative In that portion Of the state.
The commissioner recommends the repeal
| Of this law. a
Besides the donations to the common
| schools, the state Is also the owner or
698,72O acres Of endowment lands. The
leases of these this year amount to 405,-
231 acres. The average price at whlcn the
school lands of the state nave peeh sou As
| $14.60 an acre. ;n
! The report recommends that the sales
of lands in the future be restricted to not
more than SO per cent In any one county,
and that the remainder be held for lease.
with notifications in the laws which Will
allow the leasing to be for agricultural
purposes, as we'll as for hay and grazing.
| The sale of SO per cent Of the remaining
Hands of the state at the average price
which has prevailed would bring the state
a. fund of s16OOO,0OO, and this the COM
missioner considers to be as large sum
as the state could we'll handle.
The matter of Incorporation OF various
companies under the law of South Dakota
| Qtfant1On
| the different state officers in their reports
Treasurer Schamber recommends leglsla- :
ton which will provide for the taxing OF
capital stock; and Secretary Berg, IN MS
report, will recommend radical changes IN
the incorporation laws, the principal ones
| of which will be an incorporation lee
based on the amount Of capital stock; re-
uuiring books Of corporations filed IN the
state to be kept at their office In the state;
and more rigid restrictions as to the man
agement.
| Articles Of incorporation have been filed
for the Farm Land and Cattle company
at Faulkton with a capital OF $4,000 In
corporators W. H. Law, F. A. Seaman,
R. T. Golfer, s. A. Colgrove. The Elec-
trio Railroad Securities company, at Au-
ron, with a capital Of s5,o0o,000. 1ncor-
porators, S. M. Mcdonald, Thomas M.
kenyon, Philip Lawrence. The Inter-
state on Development company, at Pierre,
with a capital Of $350.o00. lncorporators'
Herman H. Kock, Mastin Ulman, I. w.
: Goodner.
FERGUS FALLS, MlNN.-The United
Lutheran church has purchased six lois
for a site for the new general hospital
, The lots lie lust east of the Adams schoo
building and the price was $1,000. The
hospital will be modern In every detail anc
work on the foundation is to be begun al
J once. The Northwestern Clothing com
, pany, of St. Cloud, has leased the store
, rooms in the Luedke block and VIII opel
! a. clothing store about Sept. ID. u. H
Hayelick will act as manager.-Dr. w. +
+ Jordan, formerly Of Alexandria, died II
this city Saturday from paralysis.-Wil
: liam H. Young has begun an action TO Sc
cure a divorce from his wife, Mary Young
on the ground Of desertion.-Dr. JOSEPH
Featherston arrived from Bozeman
=. Mont, to visit his parents. He has solo
his dental practice in Bozeman and Il
building a -four mill there. He was a
one time Interested in the milling bust
f ness here.
Dr. G. W. Harris, the dentist, discovered
on opening his office drawer this morn
ing that some one had paid a visit during
+ the night and taken up al the loose gole
that he had on hand. His loss Is abou
g $50.
LAKE PRESTON, S. D.-Francis Star
!, ling committed suicide by taking NOR
!, | phine He was found in his room almos
- dead and doctors worked over him all thu
- :, forenoon, but in vain. He had lived herr
. for over twenty years. He was pro
= = | prietor Of the Comm ercial hotel in earl.
y days., but of late had been running {
', ~ racket store. For many years he was {
y hard drinker, and twice before had tr1et
to end his own life He took the Keele.
!. cure and for some time after was an act
e q i've worker In the temperance cause. Fo
Il the past three years he had been drinkin,
again. He went to Baraboo. Wis,
. short time ago and it was reported h
J married a lady Of means in that city, bu
u when he returned she did not accompan.
u him. His friends say he went to ever,
u train for the past week. expecting her
% but she did not come and 1t is thought thi
- might have been the cause Of his ras
= Heed