UNITED STATES OF AMERICA. (INDIAN,.; 



693 



University at Bloomington holds bonds of the 

 State amounting to $144,000 that can not be 

 paid off until 1937. The remainder of the bonded 

 debt that remains to be discharged is in the form 

 of bonds that pay 3 per cent, interest annually. 



The total of the State debt in January was 

 $4,504,615.12. 



The new law for foreign corporations is a source 

 of increased income to the treasury. 



Valuations. The Legislature added to the 

 kinds of property to be assessed by the State 

 Board of Tax Commissioners street-railway prop- 

 erties, pipe-lines running through more than one 

 county, and fast freight and transportation com- 

 panies. The assessments show a great increase 

 in the valuations of various classes of property. 

 The railroad property in the State is increased 

 from $154,275,131 to $156,973,151. Telephone 

 property is nearly double its previous assessment, 

 being $4,436,663 in 1901 against $2,929,190 in 

 1900. Electric roads are valued at $7,746,452; 

 sleeping-car companies, $869,580; telegraph com- 

 panies, $2,514,812; express companies, $1,811,736; 

 pipe-line companies, $8,879,027. 



Education. The Superintendent of Public In- 

 struction says: "The most remarkable develop- 

 ment in Indiana's school system during the last 

 ten years has been its high schools. There are 

 within the State 717 bona fide high schools in 

 which instruction is given during periods of two, 

 three, or four years." 



Of the operation of the transfer law he says: 

 " No other force has had such an immediate and 

 such a harmful effect upon the high-school spirit. 

 The new law requires a transfer of school funds 

 to accompany the transfer of children. This ex- 

 odus of school funds, though not great, in most 

 communities has caused trustees to build and 

 equip high schools to avoid the transfer of the 

 funds, though the additional expenditures for 

 buildings and the small attendance do not jus- 

 tify such a policy." 



The State Normal School, at Terre Haute, 

 graduated 50 students in June and 26 at the 

 close of the summer term in August. 



The annual attendance at the State University, 

 at Bloomington, is given as 1,157, and the whole 

 number of graduates it has sent out as 2,200. 

 About 140 were graduated in June. A new sci- 

 ence hall is to be finished in June, 1902. 



Wabash College graduated 16; the Indiana 

 Law School, 43; Butler College, 9. De Pauw 

 College received gifts amounting to $146,500. By 

 the will of Henry C. Long, his estate of $750,000 

 is to be used, after the death of his widow and 

 two children, to found a girls' college in Indian- 

 apolis. 



At Purdue University the registration was 

 more than 1,000. A new agricultural building is 

 in process of erection. 



The June apportionment of State school funds 

 disposed of $1,147,246.22, on a basis of 756,616 

 school population. 



The superintendent appointed Nov. 22 as Har- 

 rison day, to be observed by the schools, with ex- 

 ercises commemorating the patriotic services of 

 Benjamin Harrison. The teachers were directed 

 to receive contributions for the memorial fund to 

 be used for a monument to the ex-President. The 

 amount from a pupil was limited to 5 cents, and 

 from a teacher to 10 cents. School statistics for 

 1900 show an enumeration of school-children, 756,- 

 004; teachers, 15,617, of whom 7,208 were men; 

 average daily wages of men in townships, $2.11; 

 and of women, $1.94. 



Charities and Corrections. The population 

 of Indiana's penal and correctional institutions 



nl || lf> 



,vrr: 2,44H and 



, ,,,. ,- the 



number in 

 ' 





has remained ulm<i 

 years. The figures sj\ 

 for last year 2,48.5. \\ , 



total number in all tin: iristitn 

 the institutions severally have 

 The number of persons ;iclu;i: 

 of the State's 13 institutions on 

 was as follows: 



Central Hospital for Insane, 1 ,'; 

 Hospital for Insane, 787; Eastern llospiiul tor 

 Insane, 622; Southern Hospital for Inline. ;,s!t : 

 Soldiers' Home, 434; Soldiers' and Sailor-, Or 

 phans' Home, 626; Institution for Deaf, :{()!); In 

 stitution for Blind, 130; School for Feeble-Mi ruled 

 Youth, 744; State Prison, 878; Indiana Reforma- 

 tory, 909; Industrial School for Girls, 163; Wom- 

 an's Prison, 46; Reform School for Boys, 579. 

 The total cost for the six months was $747,201.03. 

 The earnings of the institutions were $61,770.66, 

 making the net cost $833,367.21. 



A new cell-house was finished this year at the 

 Jeffersonville Reformatory at a cost of $250,000. 

 It contains 600 cells in 5 stories or tiers, and is 

 arranged most conveniently with plumbing, heat- 

 ing, and ventilation as perfect as possible. 



The workings of the indeterminate sentence and 

 parole law are summarized as follow: 



"During the four years ending April 1, 1901, 

 both prisons had paroled 1,141 men the Re- 

 formatory 833 and the State Prison 308. Of 

 this number 135 have been returned to the Re- 

 formatory and 21 to the State Prison for viola- 

 tion of parole. The number of unsatisfactory 

 cases has been 147 paroled from the Reformatory 

 and 35 from the State Prison. The earnings of 

 paroled men during the four years have amounted 

 to $184,083.87. The men who have gained their 

 final discharges from parole have had on hand 

 or due them $36,928.43. 



"One of the most valuable features of the In- 

 diana law is that it provides an agent whose 

 duty it is to secure homes and employment for 

 paroled men." 



Banks. The state of the national banks July 

 15, 1901, was: Loans and discounts, $50.000,000; 

 individual deposits, $65,000,000; bank deposits, 

 $12,000,000. The trust companies had deposits 

 of $1,400,000; United States deposits, $2,900,000; 

 aggregate resources, $110,400,000. The State banks 

 had loans and discounts of $15,200,000; indi- 

 vidual deposits, $20,000,000; aggregate resources, 

 $25,700,000. 



Insurance. From a summary of facts from 

 the Insurance Commissioner's report given in Oc- 

 tober are taken the following items: Insurance 

 is written in Indiana by 113 fire companies, of 

 which 6 are native to the State, 73 have their offi- 

 cial residence in other States, and 34 have their 

 home offices across the ocean. Five companies 

 were admitted during the year, 2 consolidated 

 with other companies, and 10 reinsured their busi- 

 ness. 



Dec. 31, 1900, the life, accident, and fraternal 

 associations had in force in Indiana 110.667 poli- 

 cies of insurance, calling for a total of $148,676,- 

 448.10. 



There are 43 life companies which maintain 

 the legal reserve for protection of policy-holders. 

 Of these, 5 are Indiana companies and 38 belong 

 to other States. 



Twenty-eight companies are engaged in writing 

 miscellaneous insurance. Of these, 25' belong to 

 other States and 3 are organized under Indiana 

 laws. 



Eighteen assessment life and accident compa- 

 nies report to the Auditor, and 12 of such com- 

 panies belong to other States. 



