The Denison review. [volume] (Denison, Iowa) 1867-current, 1902-03-25
Opposed by Educators.

IMPOSED by Educators.
Probably the most Important legisla-
ton next TO that relating to railroad
taxation which has come before this
general assembly is the proposition to
create d board of control TO manage
the state educational institutions. The
measure is opposed strongly by the ed
ucators. because they are confident
that it will hamper and eventually Sc
riousiy injure the institutions. It is
not believed that the measure will pass
this assembly on account OF its eN-
IRENE Importance and the lateness at
which it was introduced in the session.
The powers and duties of the proposed
board are as follows:
To elect for each of said institutions
president, secretary, professors, tutors and
other teachers, such heads of departments
as now exist or may hereafter be created,
and such other officers and employees as
may be required hereafter for the trans
action of the business of the several educa-
tional institutions under its control; to fix
the salaries Of said officers and employees,
prescribe their duties and appoint substi-
tuteS who shall discharge the duties of said
officers in their absence. Second, to man
age and control the property of the several
institutions, whether real or personal.
Third. to arrange courses Of studies and
practice and establish profess orShips as
may seem best to carry into effect the pro-
visions governing the institutions and pre-
scribe conditions and terms of admission to
the institutions and the several depart
ments thereof. Fourth, to grant diplomas,
upon the recommendations of the several
faculties, to any student who may have
completed any of the courses of study pre-
net or ar,,i1y-
alent thereof. Fifth, to remove any Off
Ger by majority vote of the members of
the board. Sixth, to direct the expenditure
OF al! the appropriations the general as
sembly shall from time to time make to
each of the said educational institutions
and the departments thereof, and the in
come arising from congressional grants,
and all other sources accruing to the sew
eral state institutions. Seventh, to keep
full and accurate record of all their pro-
ceedings and to do all other acts neces-
sary to carry out the provisions of this
act. Eighth, to institute and to prosecute
TO nnal judgment any action found neces-
sary for the protection of the property in
trusted to their care, as belonging to the
several state educational institutions.
Ninth, to manage and control any and all
of the endowment funds or other property
belonging to said educational institutions.
Tenth, to carry out any provisions of the
code relative to the educational institutions
which this act does not repeal"
Furnishes the Fun.
Representative Timothy Donahue, of
O'Brien county, has furnished most of
the amusement for the lower house of
the general assembly during this ses-
sion. He has kept the house in good
humor most of the time. When the
anti-pass bill was up for consideration
he proposed a substitute to require the
railroads to furnish passes to all the
public officials. This substitute has
been voted out by the committee on
railroads without recommendation and
will be considered in proper form
by the assembly. A few days ago Mr..
Donahue introduced a resolution of
sympathy for the Beers in their strug-
gle in South Africa. He was disap-
pointed when the resolution was de-
feated by close vote and imm ediately
prepared resolution of sympathy for
England in its defeat few days ago
by the Beers, who captured the English
general Methuen. Mr.. Donahue's reso-
luton of sympathy for the Beers was
as follows:
Resolved, That this legislature of the
great agricultural state of Iowa being duly
convened, express our heartfelt sympathy
Tor the brave Beers of South Africa in their
great struggle for liberty, and it is our
earnest hope that their present Valley
Forge period will yet bring its Yorktown
No Limit to indebtedness.
The senate has almost unanimously
passed the bill to remove the limit of
Indebtedness which railroad companies
may incur. The old statute passed in
1851 provided that they should not Dor.
row money in excess of two-thirds of
their capital stock. A later law per-
mitted them to bond the roads for $16,-
900 per mile. Another statute was en-
acted permitting them to bond their
roads at $1s,5oo per mile when aid had
been voted by the people. Still another
statute seemed to entirely eliminate
this limit of indebtedness. AS mat
ter of fact, most of the railroads have
incurred Indebtedness in excess of the
two-thirds limit, and the supreme
court itself has held that such bonds
when issued have been valid. The
Molsberry bill to legalize this practice
of issuing bonds in excess of two-thirds
of the capital stock passed the senate
almost unanimously, and it has been
predicted that it will go through the
house, because it has met with but
one objection. This objection is that
the measure would permit railroads to
borrow money with which to retire
their own stock, and it was alleged
that the tendency would be to effect
the retirement of the stock of the mi
nority stockholders.
Uniform Insurance.
Two forms of uniform fire insurance
policies have been introduced into the
legislature, and it has been said that
the chances are in favor of the pas
sage of law requiring uniform poll
cies. One of the forms of policy is said
to be identical with that used in New
York state, but the friends of the other
proposed uniform policy declare that