The Quarterly of the Texas State Historical Association, Volume 1, July 1897 - April, 1898 Page: 254
334 p. : ill., ports., maps ; 23 cm.View a full description of this periodical.
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254 Texas Historical Association Quarterly.
recognizing the validity of the bonds, amounting to $134,472.26,
that had been uniformly reported previously as bonds of doubtful
validity, and also to allow interest on said bonds to date (August
31, 1880), which would have amounted to $91,889.36. No such
law was passed. But, had such a law been enacted, I respectfully
present the question whether that part of said interest accruing pre-
vious to the 17th of April, 1876, would not have belonged to the
permanent and not to the available fund, under the terms of sec-
tion 11, of article 7, of the existing Constitution of the State. At-
tention is also called to this for consideration, in view of any recom-
mendation that your honorable board may make to the Legislature
in regard to the recognition of the validity of these bonds.
Third, the HIon. F. R. Lubbock, the State Treasurer, has sub-
mitted a statement, showing the amount of notes for which Uni-
versity lands have been sold, and the probable amount annually
paid on said notes, as an increase of the permanent fund, which,
when invested in bonds, will, by their interest, annually increase
the available fund.
I have requested the Hon. T. H. Bowman, Secretary of State, to
prepare and furnish to you copies of the proclamation ordering the
election for the location of the University, the tabulated statement
showing the counting of the votes, and the declaration of the re-
sult of the vote, in which it was determined that the main Uni-
versity was located at Austin and the medical department thereof
at Galveston. On account of the burning of the capitol and the
confusion in the business of his office consequent thereon, he has
been unable to do so. The originals are subject to your inspection,
and copies of them will be furnished to you as soon as practicable.
Respectfully, your obedient servant,
O. M. ROBERTS, Governor.
The reports referred to in. my letter will be seen quoted in the
letter of the regents to me at the conclusion of their work during
that session.
As I had appointed these regents, 1 felt a delicacy in being pres-
ent with them in their sessions, except upon their invitation, and,
therefore, I can speak of their proceedings, with one or two excep-
tions, only from information conveyed to me by conversations with
some of the regents. In that way I learned that after examining
my letter and the reports submitted to them, the smallness of the
funds at their command caused them, or some of them, to rather
doubt the propriety of an immediate effort to then commence the
work for which they had assembled as regents. They met at night
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Texas State Historical Association. The Quarterly of the Texas State Historical Association, Volume 1, July 1897 - April, 1898, periodical, 1897/1898; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth101009/m1/280/: accessed April 19, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Texas State Historical Association.