The Rathdrum tribune. (Rathdrum, Idaho) 1903-1963, 1905-05-05
LETTER FROM BOISE.
Receipts for Land Board--Uni-
R versity Bonds. =


first three months OF the year 1905,
was in receipt Of $465,354.52. This
is the largest amount for any sim
liar period in the history OF the de-
partment. During the three
mentioned, the department
has been kept busy. There were
az deeds issued, calling for 1891
oS acres, tie consideration being
S25,478. S.. There were as agri-
cultural leases, covering 42o5.77
acres, the cash receipts on this &C
connt being s41 36.o5. There were
seventy grazing land leases, cover
ing I3,r47. 26 acres, the consider
alton being $2367.17. The total
receipts from rentals wasS65o4. II.
During this time there were Gao
entries under the Carey act, aggre-
eating 60, 1850. IS acres. The states
proportion Of the money received
therefrom was $r3,93o.4I; and the
amount Of money received and
held in escrow was $2o5, $50. "a.
This makes total Of cash received
by the land department during the
first three months of this year Of
$500, ooI .o8. The two latter sums
indicate the total receipts during
this quarter. of $4o5, 354. 80.
During the quarter, including
the Carey act fees, the total earn :
ing on accoun, of fees were $I4,-
5o4.S5.
At the beginning Of this month
the amount of money in the vari-
Gus endowment funds was $1+5,-
|9I8.2o.
The registrar OF the land depart
mcnt, c. S. Mcconnell reports tina,
the demands from the various
school districts in all parts Of the
state, which have decided to issue
bonds for the construction OF new
school houses, or for the improve.
ment of existing houses, have beer
$50 numerous during the past two
months, that the board has beer
compelled to refuse to make furth
CIR loans on farm lands. Both the
receipts and investments during
the present month have been yer,
large.
The recent legislative sessio,
Ipassed a bill athorizing the issu
ance OF $4,000 Of what wer'
termed Idaho Improvement bonds
Of 1905, tie proceeds from the sail
Of such bonds to be used in tn
censtruction and equipment of
building for the department of do
nestle Science at the Universit,
of Idaho. The sale of these bond
is not advertised, however, the at
torney general having given al
opinion that the issuance of sucl
bonds would be illegal, the &C
providing for the issuance Of thes
bonds, also providing for thei
payment from the earnings of tn
University Of Idaho endowmen
funds. This provision the attorne
general claims would be unconsti
ltutional, such endowment bein
irreduciblc, under the act Of con
gress making the land grant to til
university. The bill when passe'
and approved by the governor
was intended to act in the natur
Of moot question, SO that TIL
courts could decide on the ques
ton OF whether such endowment
for public institutions could not b
used, SO far as their earnings wer
concerned, Tor the improvement c
such institutions. II was expect
ed that such an opinion as ha
been rendered could be taken be
fore the supreme court on me
ton for a writ of mandate to com
pei the state treasurer to advcrtis
the sale of such bonds, and thd
the supreme court decision woul
settle the whole matter. 1t is nc
known whether the board {
regents Of the university will tax
the matter up to the higher court
for adjudication.
Attorney General Guhcen ha
alec ra,deyed decision v,l,;c