The Superior times. [volume] (Superior, Wis.) 1870-1912, 1907-01-12
The State University.

Grafton.
The State University.
On the subject of the state university
he says in relation to the practice of bor-
rowing from the trust funds to tide the
university over until the new state APP
preparation is available.
out of this growing practice To borrow
from the state funds in anticipation of its
own revenue considerable criticism de
veloped. 1t was claimed that the univer-
sitS was being maintained on a scale en-
tirely beyond the limits placed by the
legislature. and a quite general suspicion
was aroused that the best business meth
DDS did not prevail in its management.
The legislature. at its extra session in
1900. provided for the appointment of
committee with power to investigate into
the condition of affairs, management, en-
penSes and needs of the university, and
also into its business transactions, The
report OF this committee viii he placed
before you. pom a review of It's work
you will find that a careful examination
was made into the matters required by
law, and that the investigation was thor
ough and exhaustive. The committee
makes number of recommendations
which are worthy of your consideration.
The recommendation for an appropriation
of S21u,uuo to meet the apparent deficiency
in the university revenues does not meet
my approval. With proper hushandry
of its resources. the university viii be
able to adjust itself to the receipt OF its
revenue as provided under the present
law. During the current year the amount
To be borrowed Will not exceed 100000,
reduction of So 200 over the previous
year. | am of the opinion that this de
cheney can be entirely met within few
years without the aid of an appropria
ton. Recommendation is therefore made
that the authority of the university to
| borrow from the general fund be Contin-
ued, with the provision that this privilege
| be limited to the sum OF $4,000 for any
| one year 1t is, however, a matter OF
supreme qualification that the financial
| embarrassment of this great institution
| is result of its wonderful growth,
| rather than extravaganza or mismanage-
| ment, and that the suspicious regarding
! il We're unfounded.
Since the increase in the number of
students has been much larger than the
| increase in CONSTITUTIONAL work, the pres
| ent accommodations are inadequate in
many particulars. There is need for the
early construction of a WOmen's build
ing, n central heating plant, a new pump
| ing station and new machine shops.
Primary Election.
The primary election law passed by the
| legislature of 1903, and adopted by vote
| of the people at the general election in
| 1904, was given its first trial IN 1906, While
| opportunity had been previously afforded
| to observe the operation OF the law in
| the nomination OF municipal officers, II
| remained for the general election of 1906
| 10 subject this measure to the severe test
! of stat" wide applications In general the
| law has been success. ana gives every
| indication of accomplishing the results
promised for it. A strong interest was
| manifested in the law In all parts OF the
| state, as was evidenced 10y the large vote
| cast at the primaries. 1t can be said
| that no grave defects have been revealed
| in the law, and while some complaint was
| OCCaSiOned i'm regard 10 the workings of
| certain provisions. it must he borne In
mind that the law was an exceedingly
| radical one in the number of innovations
| over the old caucus ami convention Sys-
! TEN. | am confident that in time the ditt-
| Cuties complained of will disappear as
! the public familiarzes itself with the
| methods followed. Criticism Of much the
| same nature was evoked 10y the first
| trials of the present ballot system, but
! they soon disappeared as voters became
| more thoroughly acquainted with the
| practical operations of the law, ! am
| inclined TO regard present complaints as
| only temporary, In view of the fact that
| all members of the present legislature.
| with the exception OF senator's elected
| two years ago, Were nominated under
| this law, the experience and opportunity
| for study thus afforded should serve as
a valuable aid in determining what
amendatory legislation should he en-
| acted at this session
Land Titles.
The governor favors the institutng Of
Will be less complex than that now in
use and says.
"Our present system OF transferring
land titles has become exceedingly com
pick. In every sale of land II is neces-
sary to trace the title through long
chain of transfers back to the original
patient. Mortgages, liens, Judgments, az :
ministratiOns. and other legal proceed
ings all present obstacles necessitattnE
careful examination before the land can
be safely transferred. It Is SlSnlicant
that many leading American states have
adopted the "Torrens system as SIM
piiiCatiOn of title transfers, VIM" Such
system has been in vogue IN European
| countries for many years MasSschH-
| H.I WASH
ington. Montana and Minnesota have re
vsed their systems to secure greater SIM
! pliCity and safety in transfers. IL ~
indorSed by many bar associations ana
has received the recommendation OF tn"
worlds real estate congress. Under the
| "Torrens System the title to realty rs
registered as distinct from the deed. The
| owner of the land applies To the register
! of deeds for it's registration ana "her'
the title is found perfect, II IS regis
| tered and guaranteed. The othclal guar
| anty Of title is the distinguishing feature
| Of this system.
The Importance of land titles requires
| your most careful investigation, ana II
! in your judgment the present method ol
| transfer is too cumbersome, safe but
more economical system should be
! adopted"
| Among other things ne recommends
| legislation that VIII prevent me 's'ab-
| ishment of branch banks without an m
! crease Of capitalization OF the parent W.
! stitutOn.
Continuing under the heading Of bank
! ing the governor says.
! There is one Inconsistency in the law
| which should be relscaied at TINS SEES
! sion ii is in the interest of the state
! to encourage the largest degree 81 lhAaS
! try and thrift on Tn" part OF ali p'op.e
! by protecting savings banks. Eahh IAN,
urCS demOTaliZc the h&blt OF SAYING anu
| to no people are failures So dI-hsi' Gus
| as TO those whose savings Wti" ih' i'
suits of hard labor and strict economy.
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