Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-09-03

HOW THIS FUND is CREATED
Is Derived From Sale OF Land BY
State And In Other Ways, And Loan
Cd Out On First Mortgage Real Es-
tate Security Thru County Auditors
System Little Understood.
Special to Times-Repubiican.

Special to es-Repubiican.
Des Moines Sept. 3.-The regular
semi annual apportionment of the in
terest on Iowas permanent school fund
was made by State Auditor Carroll to-
day and on Monday the county audi
tors will receive the state warrants
which will enable them to add about
100000 to the school funds of the state.
This permanent school fund is but Nt-
tie understood by many who are
school officers, and it was because Of
this that State Superintendent Riggs in
a circular just sent out to school Off
GERS has especially urged that the
school enumeration be made as good as
possible. The permanent school fund,
derived from the sale Of lands by the
state, and in other ways now amounts
to nearly five million dollars. It is loan-
ed out on first mortgage real estate se-
curity thru the county auditors. Each
county is entitled to certain propor-
ton Of the ful cording to the school
population, or what amounts to the
same thing, to the interest thereon.
Counties are charged with interest at
4 " per cent, and cannot loan the money
at less than 5 per cent. In fact it 10
nearly all loaned at 5 u per cent, SO that
in loaning the money county gets
some profit. Twice year the state
auditor figures up how much each
county is entitled to under the appoT-
tionment and how much each one is to
be credited with by money loaned.
and settlement is made. A county that
had less of the fund than it is entitled
to is sent warrant for the differences
and county which has more ID. ~ ect-
ed to transfer from the schoor Ind tss
the general fund an amoun. 20 make
the difference. No money is actually
sent to or from any county &
Counties vary greatly as to the
amount of the permanent school fund
they loan out. There is constant de-
mand for more of it, but some counties
do not want it at all. When a county
has a certain amount the only way for
another county to get it is to ask for
transfer. The larger counties having
extensive banking facilities do not care
for the fund. Scott, Clinton and Linn
have none Of the money. Linn did have
less than a thousand but got rid Of It.
Dubuque has only $500. Muscatine
about IS, 900. Lee about $4,000, and Bu-
chanan about the same. Polk county
has $4,000 and Marshall about 100000.
Some of the northern ana northwestern
counties have large sums, as Winne-
bago with $215, 900, O'Br1en with $780,
900, Sioux with $130,00O, Kossuth with
s106, 900, and Plymouth with $4,000.
The interest for Polk county which IL
entitled to the largest amount, is 1896
twice year. ]. F. Wall, formerly au-
ditor of Ringgold county, who is reve-
nue. clerk in the state auditors office
and has charge Of the fund. states that
in his county the profit on the school
fund matter paid the salary of the
county superintendent ard all his force
regularly. The school fund has receiv-
ed no notable additions recently.
The monthly reports from the Ana
mosa prison show that there is steady
decrease of population there. The de-
crease the past month was IL and for
the year "a. The population September
L WAS OcO, o1SiOCu dS 1OlAOWO. Ao1St
white, 3O1; male, black. 20; female,
white, 49,; female, black. Z: and 2 Unit
ed States prisoners That there Is dis
cipline and much work IN the manage
ment is shown by the fact that in the
month there were 108 reported. There
was 258 in first grade. an increase Of
g. and 80 in second grade. decrease OF
IS. The population at Clarinda in the
insane department is 92S, loss OF IS.
there being so transferred to Mt. Pleas
ant. At the latter hospital the popula-
ton is now 9S1 In the inebriate de-
partment there are %. loss of s. At
Cherokee there are STA insane. a loss OF
A. A. Independence there are 9SS.
loss of 2, and in the inebriate depart
nent 26, loss Of 4. AT Glenwood there
are s5e, an increase of 63 in the month
due to returns from parole.
George A. Newman, assistant adju-
tant general G. A. r., department OF
Iowa, has just got back from attending
ercampment at Boston. mo town will
ever be able to compete with Boston in
the matter of entertainment OF the
grand army he said. Everything
was Just as fine as 1t could be end the
bows were never better treated. 1t was
a big thing for Boston. 100, for | was
told that on the day of the parade the
street car companies carried 100000
persons. It was estimated that the en-
campment took to Boston two million
dollars and cost the people of Boston
a half million. We will never have an-
other such big thing in the way OF an
encampment.'
Miners Strike Settled.
Special to Times Republican.
Des Moines. Sept 3.-The strike OF
Ann Y,,inarS at CoIfax was settled by the