Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1907-04-27
SAVING FOR SCHOOL FUND
Treasurer Brian Buys Block Of Idaho
Bends Direct from State.
BROKERS LOSE FIVE THOUSAND DOLLARS
Northwestern Road Asks for and
Receives Permission 60 Put I'm
Rate OF Lees Than Two
Cents n Mile.
cFrom a stan correspondent.l

Afrom a biAh COTFeapOnuentl
LINCOLN, April 20. Especial 90 The
Square deal" program, as applied 10 the
present administration Of state AFFAIRS. is
accomplishing results Of genuine worth TO
the taxpayers Of the commonwealth Of Ne
braska. An era OF real, not sham. re-
form has been ushered IN and manifesto
tons that the treasury grafters are being
pried loose are becoming a matter Of al
most everyday occurrence.
State Treasurer L. G. Brian has fur
nished the most recent evidence that the
administration Of the affairs Of his ONCE
are TO be conducted with the sole view OF
safeguarding public interests and that the
srafters must go. Today the announce
nent was made at the once Of the treas
urer that Mr.. Brian's trip to Boise, Idaho.
had resulted in the completion OF deal
whereby the Nebraska permanent school
fund has become the buyer OF S27s,O0O of
Idaho per cent bonds. State school money
has been accommodating rapidly since the
frst OF the year and when Treasurer
Brian reported to the state Board Of Lands
and Funds that he had a large sum Of
money on hand he was authorized to seek
means OF investment for the surplus
Prior to the incumbency Of former Treas
urer Mortensen. the customary method was
20 deal with bond brokers. Mr.. Mortenssn
put stop to this practice as much as was
IN his power, but the present treasurer has
gone step further by turning broker for
the state, completing the purchase OF the
bonds and saving the commission for the
school fund.
In connection with the purchase Of the
idaho bonds by Treasurer Brian II is stated
that the ordinary commission on block
Of bonds aggregating s27sOOO would ap-
proximate $500 which amount is saved
Cor the school children Of Nebraska rather
than going to line the pockets Of a broker.
Permanent Fund Growing.
The records Of the state treasurer's office
disclose that the permanent school fund.
all Of which is invested in state bonds and
other gilt-edge securities. now exceeds
100000. This money has been derived
from the sale Of and income from lands
set aside early in the history of the state
for the permanent endowment of the public
schools. The increase in the value OF these
lands and the steady growth Of the fund
itseif Is bringing in each year a greater
income for the regular Bemi-annual appor-
tionment OF the temporary funds, and In
future years this growth may become so
pretentious and the semi-annual apportion-
ments so liberal that the schools may be
almost entirely maintained by the income
from the state fund
Beats Two Cents a Mile.
The Northwestern road has gone the
legislature one better and. with the per
mission of the State Railway commission
which was granted today. will on MAY
put into effect a rate of considerably less
than cents per mile between Lincoln and
three other points. Yesterday this com.
pany asked permission to put into effect
the short line rate between Lincoln and
Omaha, Lincoln and Norfolk and Omaha
and Crawford. The short line between
Lincoln and Norfolk is the Union Pacific
while In the other two cases the Burling.
ton has tho most direct route. In grant
ing permission TO put these rates into ef.
feet the commission specified that nc
eharge from any intermediate point should
be greater than from one terminal 70 thu
other This will have the effect of re
ducing the Northwesterns rate from Lin
coin to all points beyond Fremont anc
from Omaha to all points this side o
Cedar BLUFFS. The Northwestern's rate /,
Crawford, based on the 2-cent per mill
schedule, is &s.s7 while the Burlington rat
is $S.4S.
odd Fellows Celebrate,
Delegates from thirty cities and town
In Nebraska gathered in the representa-
tive chamber OF the state house this aft
Brnoon to celebrate the eighty-eighth ami
versary OF the establishment OF the orde
In the United States. Plans for the cele
bration had been formulated by the lat
A. H. Weir. Prior to the exercises at tn
sapital there was a parade. of which F
James Cosgrave was marshal It wa
headed by a platoon Of police and the Firs
Regimentsl band. over 800 delegates wer
present from the following towns: Aims
worth, Gibbon Verdon, Seward. VALLEY
uiltner, Avoca, Nebraska City. Risin
City. Harvard, Merna, Friend, Havelocl
Milford, Nemaha, Panama, York StellS
Dorchester Ashland Elmwood. Barnes
town. Plainview. Hardy. Falls City. syrs
euse, Howell Emerson. Salem and Gran
island.
After prayer by Rev. p. NJ. Orr, J. \
williams delivered the address Of WELDON