Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1903-01-15

and to discharge some patients sooner
than advisable. The management
have also been unable to give the
special care desired and necessary in
many cases for adequate treatment. l
do not need to call your attention to
the duty the state owes to these most
unfortunate of our citizens and trust
that ample provision will be made to
give them the very best care
possible.
The governor urges that the needs
of the two normal schools at Mayville
and Valley City be next considered.
There are over 600 students preparing
to teach, in these two buildings, and it
was II years ago since the first apprO-
priation Of $40, 900 was made for these
schools and since which time no other
appropriations for additional build
ings have been made. He thinks
that the time is not far distant when
the law will require every teacher Of
the public schools to have the neces-
sary normal training for the work.
Probably the most important part
of the governor message is his state
ment about the school money belong
ing to the state and the permanent
investment of the same. He has had
a special statement of the condition
of the school and institution funds
prepared and givesa tabulated state
ment of the amount to the credit Of
each Of the above funds. The state
ments give the figures in bonds, loans,
deferred payments and cash, and the
number of acres sold and unsold, be-
longing to the various institutions,
the common schools, and the other
state schools, and also to the charita-
BILE institutions of the state. The
common school fund has in bonds,
loans, and deferred payments and
cash, 81, 46S, 25l.92. The total Of the
school and institution funds, in loans,
cash and deferred payments, amounts
to the great sum of S6,056, 1862.
The governor says that the utmost
care and wisdom should be exercised
in the investmeno of this money in
permanent interest bearing securities
and that this great sum is only a
small part of the magnificent dowry
that will a. no distant time accrue to
the benefit of the common schools and
institutions Of the state. Continuing
the governor says:
''Our constitution provides that
these funds shall be invested only in
bonds Of school corporations within
the state, bonds of the United States,
bonds Of the State Of North Dakota.
or in first mortgages on farm lands
in the state. Since June 80 1900,
our University and common school
lands board has purchased nearly all
of the common school bonds that
have been issued by the districts Of
the state, but the total amount pur-
chased over the total amount OF bonds
paid, only equals Sl26,S40 Our farm
loans too during the same period have
decreased more than $4,000. The
total amount of cash on hand has
grown from $4,000, on June 30, 1900
to the very large sum of 1861, ,S65. "a
on January l, 1903. This also does
not not include quite large amount
Of deferred payments on land con-
tracts and farm loans, which became
due on January lst, and which will
further increase this amount. What
to do with this money, is a serious
problem with our school board. Our
present law has proven inefficient and
too cumbersome.
The governor recommends that
legislation be enacted that will pro-
vide for the direct purchase of real
estate mortgages, measured by the
value of the lands, and not limited to
81 200 to each person, as at present
and that an amendment to the state