Every evening, Wilmington daily commercial., 1920-05-28
S1O,OOO,OOO LOAN
RECOMMENDED FOR
SCHOOL EQUIPMENT
Suggested to Senate by Legislative
Committee Appointed to Re-
wise School Code.
TO RUN FOR FIFTY YEARS
san Correspondence of Every Evening

STATE HOUSE. DOVER, May %.
The Senate yesterday ignored the House
bill providing new school laws, not even
referring it to committee. According to O
plan proposed last night, the Senate Will |
consider the bill today, concur IN 1t Mon
day and suggest that the Legislature |
adjourn until June 10, so that Governor |
Townsend NAV have opportunity to act |
on il before the special session ends. III |
the entire plan were executed. the Legs |
lature on reasscmbling would pass Cen |
eral Appropriation bills adopt claims
resolutions and try to pass the school
bill over the governors veto should he
disapprove it, There is expectation that
the Senate will concur in the School bill
xactIy as it came from the House, not
wthstandlng attempts may be made TO
obtain Senate amendments. Some per-
sons say the House should have provided
for separate school elections for whites
and Negroes. A Sussex objection relates
to the uniform discount of eight per cent
on school tax payments. Because Sussex
heretofore has not had school tax discounts
II is said the county must procure new
stationery for the tax receiver and make
other expenditures aggrcgatlng S2,5W.
Fear also is expressed that Sussex tax
ablcs will crroneously apply the school tax
discount To other county taxes and thus
cause confusion. Ii is believed, however,
that the Sussex objection will be waived
until the next regular session Of the Legis-
lature.
$4,000 600 LOAN RECOMMENDED.
Senator Handy presented to the Senate
yesterday afternoon a supplementary
report prepared by the Legislative Com
mission on School Code Revision, rs
follows:
"Ne further report. after careful con-
sdCration. that in our opinion the school
buildings and equipment now in use IN the
operation Of the State system OF free pub
lie education arc inadequate and that, IN
order to bring the States educational
system to 4 condition where Il compares
favorabiv with the most efficient and mod |
ern systems Of education now existing in
anv of the States of the Union, it will |
necessary to rebuild and rc-equip most Of |
the school buildings Of tho State. This is |
greater task than can be accomplished by |
the local efforts Ot the various commune |
ties. In many localities the property |
values are too low to permit sufficient |
bonded indebtedness to be created 10 |
enable adequate school buildings to be |
financed. The educational opportunities
offered by the State 10 its children do not
seem to us to bear any reasonable rela-
tion to the real estate values of the diff
ferent sections Of the State. In % small and
compact a State rs Delawareit II should be
possible to attain q high degree Of uni
formity in educational opportunity. We
believe the State should assume he task
of rebuilding and re-equipping the school
buildings Of the state. To accomplish this
eve recommend hat the General As-
scmbly aut horizc the issuance Of Sl0-
000 600 IF 80 yeats, ) per cen; bonds of the
state, All To be issued immediately upon
authorization.
We have estimated after proper cal
culation made bat tins Indebtedness,
principal ard interest. can hc amortlzed
by an annual payment oi S541 500. which
al tive expiration If 80 Years Will have
pald off and retired SAID bond issue, prin-
clpal and interest IN full.
We recommend that the Sl0.000,000
Of bonds. so authorized and issued be
deposited with he governor State treas
tIrer and the secretary Of State or State
auditor, as a committee TO sell the same
from time to time. in such amounts as
needed, IS and when required for the
rebuilding and rc-equipping Of the school
buildings OF the State.
IF a new school building he needed in
any location, whether under the juris-
diction of the county board or of a special
district, an application should be made 10
the State Board Of Education, in accord
ancc with the provisions Of the School
AOGC anu ftlttS I)fpNitttstl DN the tStAIp
Board of Education. The state Board of
Education should bc required at stated
intervals to certify to the governor, State
treasurer and secretary of State or State
auditor its decisions rs TO what new school
buildings should be constructed at that
time and should Slso, at the same time,
certify to the said officials a budget show
ing the estimated cost of constructing and
equipping such buildings There upon the
said officials should be required to dis
pose of such portion of said bonds as is
sufficient to produce the amount OF money
necessary for the construction and equip
ping OF such school, buildings.
1T IS recommended that during tn
year 1921 IS, 100000 of such bonds should
be disposed OF.
That during the year 1922 $1,000, 900
thereof should be disposed of.
THAT during the year 1928 $1,000, ,009 |
thereof should be disposed OF.
That during the year 1924. $1,000 900 |
thereof should be disposed of
That during the year 1925 81 900 900 |
thereof should be disposed Of
THE expense to the State during the /
said period of fifty years would be as |
follows:
INSTRUMENTATION charge against the |
State, S547, 800 less > per cent interest |
on 81 600, 900 OF bonds not issued $780, |
600. Net cost to State for 1922. S197 500 |
INSTRUMENTATION charge against the |
State, S547 800, less 5 per cent interest on
S5,000,000 of bonds not issued. S250.000. |
Net cost to State for 1923, S297 800.
INSTRUMENTATION charge against the
State, S547 500, less ) per cent interest on
s., 100000 of bonds not issued, $50, 900.
Net cost TO State fQr 1924, 1897 500.
Observation-Disclosures charge against the
State, S547 800 less 5 per cent interest on
81 10000 of bonds not issued, $4,000
Net cost to State for 1925, S497 800.
I'VE believe such an issue Of bonds
should be made without provision of
special taxation to meet the annual fixed
charge against the State before the Legs
lature of 1923, the present State surplus
being amply adequate TO meet the amount
required until that time.
Thereafter such legislative action TO
provide additional revenue should
taken as will be required by the then
condition Of the States finances, depend
ing Of course upon the amounts then being
received from the operation of the Cen
eral Corporation law and from other State
taxes. We would recommend the keep
ing in reserve Of per cent additional tax
on incomes for this particular purpose #
1t is then found necessary 10 provide adj
difiouaI rpyan1Ip IN meet flp fixed charge