The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1917-08-30
MAJOR HENRY RET|RES
FROM LAND OFFICE
Continued from Page One.)

\COntlnueu from rage One.)
great strides from year to year, and
the importance of the properly-sys-
tematized businesslike administration
which Major Henry has given the
Farm loans made in the last four
years totaled more than three million
dollars. a greater amount than in any
other period in the history of the
state. More than ~ million dollars
worth of bonds, most of which were
school bonds, issued for the purpose
of building new school houses in the
state, were purchased. During the
four years not single farmers applI-
cation for farm loan has been re-
fused when the applicants title was
found good and there has always
been money on hand to loan Oh zeal
estate mortgages and to sare for
school bonds.
Receipts during the last four yenrs
show that collections amounted to
more than $1l,000,0O0. January /,
1917, there was in the permanent
funds whose earnings are dedicated
forever to the use of educational in
situations and public schools in North
Dakota the sum of $24,593,9 This
includes amounts invested in state,
county, municipal and school bonds,
farm loans, cash on hand in state
treasurers office and outstanding land
contracts, which under the present
constitution may never'be decreased,
whose principal may never be touched
and whose interest and income shall
always be applied to the uses Of
North DakOtas educational system.
There still remain unsold and be.
longing to the state Of North Dakota
642,674.54 acres classed as suhool
and institutional land, nearly all Of
which is sleased for hay and grazing
purposes, and this rental increases
materially each year. During the last
four years the collections of interest
and income have amounted to over
$5,3OO,OOO, which is apportioned
among the common school and institu-
tons of the state. 1t is of interest to
note that the last report of the state
superintendent of public instruction
advises that at the last biennial period
there was made the largest apportion-
ment in the history of the state,
which materially assists in curtailing
the school taxation, in spite of the
fact that the number of pupils in the
public school districts had greatly in
creased.
During Major Henry's admin,stra-
ton, l12,255.6O acres Of land were sold
by public auction at prices ranging
from $40 to $65 an acre. Most OF
this land was purchased by farmers.
Over 1000 patents have been issued
representing over 275,O00 acres, and
there are approximately $500 live
contracts at the present time.
The important relation Of the land
department to the healthy growth Of
the state is so well esta blished that
it will be denied by no one," said
Major Henry today. THE administra-
ton of this department should ever
have the most careful and attentive
consideration of those under whom
the laws nave pldSSu ALo NOALAOA, lAA
any measure which tends to make the
department more efficient in the exc
cution of its work should receive the
most earnest consideration of ALL The
disposal of the large acreage of the
states land holding and the careful
investment of the proceeds to the
best possible good of the schools and
institutions falls upon this depart
ment, and the security of these invest
ments depends upon the careful and
conservative placing of them by the
board of university and school lands.
In this connection it might be we'll to
say that the careful and efficient man.
agement of the investments Of the
board is shown in the past by the
fact that in the entire history of the
states investment in farm mortgages
is has been necessary to institute
foreclosure proceedings in only two
instances, and in those cases the
states interests have been entirely
safe from loss"