Omaha daily bee., 1914-01-01
Nebraska
STATE STOPS BUYING BONDS
will Apply Funds to Taking Up
Outstanding Warrants.
BOARD DECIDES UPON ACTION
stste Pays Interest 20 Itself Instead
sf TO Outsiders L. Difference
that the order VIII
Bring About.
CFrom a Staff CorresnondentN

NEoh starr correspondent
LINCOLN, Dec. Si.-(Special mo more
bonds will be bought by the state, ao-
cording to State Treasurer George until
al lof the $4,000 outstanding registered
warrants have been taken up.
The Board Of Public Lands and Funds
met yesterday and instructed the treas
urer to use the money accommodating in
the educational funds for the purpose Of
taking up the warrants.
The state board last summer did not
think It necessary to call on the state
Tor 1-mill levy under the Sheldon law
which was created for the purpose Of
taking up outstanding warrants, being
10th to saddle upon the taxpayers of
the state any greater burden than the
legislature hao Jeen fit to call upon them
to pay State Treasurer George was of
the opinion then that II would not be
necessary, being one of the board who
did not wish TO make the levy any higher
than II was really necessary. Mr.. George
has been of the opinion for some time
that the state ought to use the money
accommodating and take up the warrants.
He also believes that the funds derived
from the special levy made for university
extension could be used for this purpose
and the fund reimbursed when needed
instead of laying idle.
However, by the new order of the
board, the state will be paying interest
TO itself instead Of to private parties and
people who need the money will not be
compelled to get their warrants cashed
ut a per cent discount
The Board of Public Lands and Funds
consists of Governor Morehead, State
Treasurer George, Auditor Howard, At
torney General Martin. Secretary Of
State Wait and Land Commissioner
Beckman.
Reason for Delay.
Much of the delay in taking up war
rants Is due to the failure of co, nty
treasurers to remit to the state treasuI "
money on hand in the several county
treasures belonging to the state. Treas
urer George has tried to have a law
passed covering this very point, but his
plan has not met with favor by the treas
urers who seem to consider 1t necessary
to let the money accumulate for several
months before sending II in.
The fault to a great extent lies with
those treasurers who fail to remit. in
the warrants are not paid when pre-
scented. The state treasurer cannot COM
pei county treasurers to send In the
funds due the state IL they would rather
keep them in local banks, so that the
county can draw interest on them. Just
why county treasurers should be allowed
to loan state funds in their possession
10 local banks for about 2 per cent when
The state is compelled to pay per cent
on registered warrants because of the
neglect Of county treasurers is not very
good business policy and problem which
the new state tax commission will look
into.
Douglas Sends Check.
The county treasurer of Douglas county
esnt a check to the state treasurer for
the sum Of $1,000 due the state from the
collection of taxes In that county. This
is the largest remittance that has come
In from any one source this year.
Beatrice Institute Reports.
A report of the Beatrice institute for
feeble minded shows enrolled in that in
stitution at the present time $50 people
rarging in ages from years old to old
people. Many improvements have been
made during the year, notably the re-
placing of the old walks with cement and
the building of a new laundry 4x7O feet.
Action was begun today by the at