The Nezperce herald. (Nezperce, Idaho) 1900-1957, 1918-03-07
STATE INSTITUTIONS
STRONG FINANCIALLY,
Treasurer EaglesOn 5 Annual Re
port Shows Near 100000
in the Endowment
ws~
Funds


rect control Of the state are well
entrenched behind a strong IL
nancial bulwark, which bulwark
1.-The states healthy endowment
fund has been thoroughly organ
lied and solidified by State Treas
nrer John w. Eagleson.
The following general extracts
from Mr.. Eagleson 5 semi-annual
report to the governor on the
condition of Idaho's endowment
funds are Of interest 10 every
citizen and should increase each
ones pride in our great common
wealth.
Mr.. Eagleson says:
Herewith Is a report showing
the amount of securities by the
State Treasurer belonging to the
various endowment funds, all OF
which have been derived from the
sale of lands which the United
States government gave to the
State, the interest and rentals Of
which go to the support of our
public schools and institutions.
1t has been my custom since
these securities have been in the
State Treasurer's Office, for col
lection and safe keeping, to make
a report at least once every six
months in order that the people
of the state might know what they
have, both in cash and in IN
vestments.
The cash on hand, as shown BY
my monthly reports to you, since
January 1st, 1917, in the various
permanent funds, is 81, 4O1, O02. SO
Could this large amount of mon
ey have been loaned on farm
mortgages at six per cent, it
would have increased the earn
ings of the public schools and in
stitutions of the State, approx
mately $35, 900.
The following is a comparison
of the amounts of cash and sec
nrities belonging to these funds
at the beginning of the years 1917
and 1918, as shown by our rec
ords.
Amount invested in farm mort
cages, Jan. / 1918, 81, sos, 174.13
Jan. /, 1917, $2,s07, 1924
Amount invested in school and
other bonds, Jan. /, 1918, 81, $780,
33476; Jan /, 1917, s., 351, 7O4. O4.
Amount due from sale certifi-
Gates, Jan. 1, 1918, $2,858, O26. 81
Jan. /, 1917, 50, 1884, 1898.
Total, Jan. I, 1918, $S,219, 535.-
80; Jan. l, 1917, IS, 143, 942.61
Cash on hand available for loan
ing, Jan. /, 1918, $414, 3O9.43;
Jan. /, 1917, 1917, 4S916.
General School Endowment,
1918, 1908, 102.51. 1917, 1924.
1886.
Normal School Endowment,
1918, $54s,31Is7; 1917, $5SS, O3s.-
"a.
School Of Science Endowment,
1918, 1864, 963.6s; 1917, $349, SOL
IL.
Penitentiary Endowment, 1918,
$197, 275.74; 1917, $1S4, 1884.
University Endowment, 1918,
$424, 734.S3 ! 1917, 1896, 114.16.
Agricultural College Endow-
ment, 1918, $780, 50.67; 1917,
500, 722.02.
Charitable Institutions EndOw-
ment, 1918, 1886, 86414; 1917,
1928, ATS 80.
Insane. Asylum Endowment,
1918, 1922, 1926; 1917, 265, 844.-
rs.
Public Buildings Endowment, {
1918, $100,474.53; 1917, $88, 347.46. ,
Number loans paid during year
1917, 296, amounting to $51S, 791.- Z
IS.
New farm mortgages made dur c
ng 1917, filed in this Office, 289, i
mounting to $517,226.37. 0
You viii note there were seven 4
more loans paid, during 1917, Il
han made; and that more money Il
vas paid in, than loaned out.
School bonds were purchased +,
Turing 1917, in the amount Of
'20S, 956.56.
School bonds were paid during
917, in the amount Of $131 ,925.84. NJ
Land Sale Certificates were re- ',
eived during 1917, in the amount n
4 $238, 1922 There were Ger. p
paid in the amount Of ct
81 ,474.48, and the State Land 70
board cancelled certificates -
mounting to $50, 1876. -
Total amount Of interest col n,
'cted by this department ON farm 81
lortgages between Jan. !, 1917, ~
nd May s, 1917, a period OF four d
onths, $50, 106.25.
On May 5, 1917, the Land Board
ansfcrred the collection Of these
eurities to the Land Depart ne
amt -.