Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-12-23

the states money" but Of All other
money derived from all sources Whatso-
ever. Is therein accounted Tor accurately.
These reports will be found TO contain
the name Of every person, firm OF corpora
ton in whose favor voucher or warrant
Of any size whatsoever has been Issued
during the biennium. Part II Of the re-
port Of two years ago covers 2l6 pages
Of such detail, there being about forty
four items per page. or something over
5000 separate vouchers therein shown, IN
GLIDING every cent" expended by the uni
versity during that biennium. Fart / or
the reports Of the present biennlun,
ended November 80, 1906, is already on
the press and contains financial sum-
maries," including every. cent" Of not
States and everybody else's funds handled
by the institution during the two years,
ing printed will again contain all Of the
details, including dates, names ana
amounts Of every voucher and warrant Is
sued during the two years; nor has X
been the intention OF the Board Of Re
gents to discontinue that custom IN the
future.
doubtedly arises from the mere fact that
the board. in submitting its resources ana
needs TO your eIcelency and Jne coIli rs
1897 Legislature, has been guided py Us
understanding. which may possibly pe
an erroneous one OF a recent declslon ln
our own supreme court in the case OF
the state OF Nebraska ex rel Spencer Lens
Company against Il. NJ Searle, Jr., Au-
ditor, and because Of that decision the
mitted for 1907 to the funds expected 70
be derived from and expended out OF state
taxation. 1 am told that ii is not always
the custom for the legislature to appro-
pirate funds already specifically appro-
priated by congress and received from the
treasury Of the United states, and not
from state taxation, and IL has long oeen
held a seemingly useless and improper
arran cement. and suggested to the re
gents by Well-intormed ana bF -
people that said recent custom ought 70
be discontinued, for Il makes the aBgre-
gate Of state appropriations unnecessarily
and incorrectly large, by thus adding 20
those appropriations moneys not at all
derived by state taxation. . .
II has never been the intention or the
Board OF Regents, and is not now its IN
tenton, to cover up, In reports to the gov
ernor or legislature, or the taxpayers the
expenditures Of penny derived from any
sOuEce whatsoever, but TO continue 70
strictly follow past customs OF reporting
the expenditure of every cent,
Our accounts are most carefully audited
by an expert accountant employed for that
purpose, we'll known to your eXcellency ana
other officials Of the state house, whose
questioned. The accounts Of large corpora
lions. such as railway companies, are not
more carefully audited than those OF the
University OF Nebraska and l am sure
you will admit that can speak with some
knowledge and authority IN making that
comparison Our expert accountant has
authority, in writing. as president of the
board, not only to audit the secretary 8
accounts, but Ito examine, compare and
au0lL DOCKS, accounts ACKNOWLEDGEMENTS lN-
celpts or papers of any kind, wheresoever
found, which relate to receipts and ms
| bursements of this university; II az
state institutions are as carefully audited
and economically managed, accounts and
vouchers as carefully scrutinized, and
business generally transacted on as proper
a BASIS as is the case with our university,
and have no reason to doubt this ana
do not wish to be understood as in the
least questioning IL, then l am sure Ne
braska can set a good example in this as
| II has In other directions, to some OF It's
l sister states
The board at its meeting last week agreed
unanimously to be more specific and clear
than ever. If that is possible, in presenting
every feature Of its Affairs to the incoming
I legislature, II given an opportunity TO
| personally appear and give such further
/ information or answer further questions.
The Board OF Regents has nothing what
soever to hide It does not claim absolute
/ perfection nor infallibilty. All OF its MEM
bers perform. gratuitously' a vast amount
| Of labor, carefully bestowed, in directing
| the affairs of this great institution. We
court the most searching investigation at
| the hands OF the legislature, feeling sure
| that an investigation at the hands Of that
| honorable body would be a most fair and
decent one, wholly unlike In methods or
well known to this board who are con-
| stantly and have been for a long time al
most daily investigating our transactions
vouchers, etc, in the evident hope of dis
! covering some horrible conspiracy, graft.
! deception" or Juggling"
| / am sure that your eXceliency, Secre-
tary-elect Junlxin and every fair minded
citizen OF our state viii on being properly
informed of the facts, admit that the use
Juggling" or similar terms, is wholly
| unwarranted. and II continued to be used
/ by anyone correctly informed, could only
/ be accounted for as intended for malicious
misrepresentation.
Trust Administration Advocated.
Jesse T. Trennery Of Pawnee City. former
president OF the Nebraska Bankers associa-
ton. was in Lincoln today on business and
expressed himself regarding legislation
which he considers should be enacted this
winter.
"A law should be enacted whereby trust
companies could be organized with power
to administer estates" said Mr.. Trennery
| Il would not favor law which allowed
these companies to do banking business
but every one has a right to have perma-
nent body TO administer an estate. wher
one man is appointed administrator at his
death the estate is placed in jeopardy
while II the estate is administered by q
company it is a perpetual body and large
sums OF money would be saved 10 estates
which are now lost by the enforcement Of
the present law
speRkershIp BOOms Ready.
Representatives Barnes, Tucker and Bes
OF Douglas county called at the state hous,
this afternoon and said they were looking
for Mike Lee. Mr.. Tucker said such wa
the object Of the visit. and inasmuch a.
Mike could not be found the visit was de
, clared to be a failure.
On December Is Mr.. Tucker will open al
in room No. 4 at the Lnden and launcl
the candidacy Of Representative Dodge 10
speaker. At the same time at the LEndel
Adam McMulen will open up his head
quarters and the big fight will be on.
University Athletics Pay.
The annual report OF the treasurer o.
the University Athletic board has just beer
made and 1t shows the total receipts To-
the year were ST. $3.50 and the expendi
lures SIS. 2S627, leaving a balance o
1887. The largest single item OF tn,
receipts was Nebraska's share Of the pro
ceeds Of the Chicago foot ball game
s.. 2SO.25. The largest item OF expense wa
that OF guarantee and percentages {,
visiting teams, S3,6s6Ss
The following Is a summary OF the re
port: Receipts from foot ball. 81. IS 70
expenditures. NO7l3i6; balance. S3542 "a
receipts from base ball, S207s5O; expendi
lures, S1.s30.sS; balance, S24SS7; basket bal
receipts. S796.25; expenditures S77l.sl: deficit
1855; track athletic receipts, S27455; ex
penditures. S497.04; deficit. 81. a.; cost o
sending cross country team 10 Chicago
ugg Is