The American Annual Cyclopaedia and Register of Important Events of the Year Volume 5

The American Annual Cyclopaedia and Register of Important Events of the Year Volume 5

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1869 edition. Excerpt: ...at Iowa City, opened in 1866, with a largely increased attendance in its several departments. Connected with it is amedical school at Keokuk, and it is proposed by the Governor to add to it a law school, to be located in Des Moines, the capital of the State. During 1865 a Normal department, for the education of teachers, was added to the University. The permanent school fund, of which the Constitution of Iowa makes the State the perpetual and responsible guardian, was originally distributed among the counties and loaned to individuals. The evils of this practice were soon apparent, in a material diminution of the fund. Through the incompetency and mismanagement of county officers a large amount remains unaccounted for, notwithstanding strenuous efforts on the part of the State Auditor to adjust the differences between the sums charged to counties, and the amounts accounted for in their returns. The Legislature of 1864 endeavored to provide for the gradual return of the school money to the State treasury; but by leaving it discretionary with the County Supervisors to return or reloan thoir part of the fund, failed of accomplishing its object. It is now recommended by the Governor to provide that the county treasurers shall pay over this fund to the State treasurer for safe investment in United States securities; and he further suggests that the outstanding State bonds shall be redeemed with this fund, and that in lieu thereof bonds bearing the same rate of interest and payable to the school fund shall bo executed, the principal to be redeemable at the pleasure of the Legislature. "By adopting the plan here suggested," ho says, "we could, within reasonable time, liquidate our entire indebtedness by transferring it to ourselves, ...show more

Product details

  • 12-17
  • Paperback | 856 pages
  • 189 x 246 x 43mm | 1,497g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236606396
  • 9781236606396