The Fargo forum and daily republican., 1916-08-30
$36,388,569
NOW IN STATE
TRUST FUNDS
Greatest Gain is Made
Through Minnesota Tim
ber and Farm Lands.

Minnesota state trust funds now to.
tai $36, ,2S8, ,569.23, having increased ST..
342,212 during the biennial fiscal per-
iod just ended principally through
proceeds Of sales Of timber, minerals
and agricultural lands, according to q
statement issued by State Aud. j. A. o
Preus.
The report shows the accumulations
from various sources in the past two
years, and the manner in which they
have been invested.
Funds Reach Big Total.
A compilation by M. ]. Desmond
chief boOkkeeper in the auditors Of
flee, Of accumulations to date in the
trust funds contains these genera
items:
School fund ............. $26, All, 1854
University fund ........ 1,647, 7,059.5(
Internal improvement land
fund ................... 2,9Ul, ,3(S.9t
Swamp land fund ..... 5,328,325.3 81
Total ..................$3 $36, 288, ,269.2 .2S
Sources Of the accumulations are
given as follows:
Agricultural land sales ..$22019, 1895
Pine, cedar, spruce and
tamarack timber ...... $3.50, 0,270. IS
Iron ore lands ....... 4,S26,645.8 81
Profit on bonds ......... 362,489.94
1OIdl BOO, 900 ,0OJ. %
Land Sales Boost Fund.
The statement shows by separate
funds the general items of accumula-
tiOn and investments credited.
Proceeds from sales of lands, right
of way, etc, totaling $14,876, 1860,
form the principal accumulation item
under the permanent school fund
Others, including $7,04S,78S.63 from
timber sales, $3,8O9, ,231.02 from royal
ties on iron ore, 1851, ,5S9.94 from bond
profits, and 1916, 6,00077 make up the
remainder of the $26,411,7964 total
credited to the fund. OF this money,
the auditor reports $5,944, ,6O2.83 is in
the state treasury and the remainder
is invested in bonds of other states and
Of Minnesota counties, cities and
school districts and certificates Of in
debtedness issued to finance state
buildings.
University Fund $1,647,O5e.
The permanent University fund
shows total accumulations of $1,647,-
$3.50, from these sources: $977034.1O
from land and right-of-Way sales,
$5O1, ,O19.60 from timber sales, $780,
1920 from ore royalty, $77453
from mineral permits and leases and
5000 from bond profits. Its treasury
balance is $2O,O41.78, while S273,8O0.67
is in land contracts and the balance
in bonds like those held by the school
fund.
The internal Improvement land fund
likewise shows aCcumulations Of ST.
867, ,510.6S from land and right-of-way
sales, $33, ,O27.24 from timber sales and
$3.50 from bond prOfits-total, $780,
1892. Deduction of $2,533,000 repre-
senting railroad adjustment bonds de-
stroyed, however, reduces the total to
$368,387.92. The latter amount is in a
cash treasury balance Of $9,767.49, land
contracts Of $194,72663 and the re-
manning balance in state and other
bonds.
Swamp Land Fund.
Accommodations Of $5,328, 1855 in the
swamp land fund. are from similar
sources: $3,298,432.1S from land and
right Of way sales, $1,496,93491 from
timber sales, $453, 3,221.26 from royalty
on iron ore and $79,737 from mineral
permits and leases. It's credits consist
of $81, ,892.55 cash in the state treasury
81, ,648, ,312.80 of land contracts and the
balance in state and other bonds.
Accumulations of $2,842,213 during
the two-year period covered by the
new report are compared with the
total of $500, 1885 during 1913-14.