The Delaware register, or, Farmers', manufacturers' & mechanics' advocate. [volume] (Wilmington, Del.) 1828-1829, 1829-01-10

flows from our own authority the people of an in
dependent State.
To the diffusion of intelligence through the med
UNI of Common Schools, all profess to be friendly
and the subject has so long furnished standing theme
of speculation among us, that has lost the interest OF
novelty yielding little but trite observations to Ee
truth of which every gives ready assent Yet it
cannot be said that have realized the benefit
of single practical effort to establish general sys-
tern of education throughout the State. The original
create fund for this purpose appropriated for
it, the money arising from marriage and tavern lcen
ses from which alone with the exception of very
small sum derived from other sources) the present
school fund has been accumulated. ThiFy-two years
have elapsed since the act went in operation and the
amount of that fund may be row nominaly estimated
at one hundred and sxty-eight thousand seven hun
bred and seventy three dollars and forty cents In this
estimate, one hundred and tWentyone thousand nine
hundred and fifty dollars consists of stock of the Far
mers Bank of the State of Delaware, at fifty dollars
per share eleven thousand, four hundred and seventy
dollars of the stock of the Bank of Delaware at three
hundred and ten dollars per share three thousand
nine hundred and ty-two dollars of stock of the Bank
of the United States at hundred and twenty three
dollars and fifty cents per share, and twenty-five thou
send dollars of stock Of the Chesapeake and Della
ware Canal Company, at two hundred dollars per
share. The residue is money in the hands of the
trustee invested. To ascertain the extent Of
available means for the establishment of schools, it
becomes necessary to enquire what Is the revenue
nuay derivabe from the proceeds of marriage and
tavern licenses. From a careful examination of this
subject it appears that in period of ten years,
mencing with the first day of January eighteen hun
bred and nineteen, and ending with the first day of
January, eighteen hundred and wentynine the
Der Of marriage licenses dispensed in the state
four thousand two hundred and ten Assuming there
fore four hundred and twenty the proper
ton of marriage licenses annually dispensed, the
yearly revenue flowing from this source is the sum of
eight hundred and forty dollars. The number of
tavern licenses dispensed during period of ten years,
was eleven hundred and thirty-seven, about
hundred and fourteen per annum yielding yearly
revenue of about thirteen hundred and sixty-eight
dollars With these facts before the following est-
mate of the annual income applicable to the purposes
of education may be considered sufficiently accurate:
Annual dividend on 24S9 shares of stock in the
Farmers Bank of the state of Delaware,
SI2l $50 al s per cent 6O97 so
Do do 81 shares of stock in the Bank of Della
ware, at $40 per share TAO
Do. do. 80 shares of stock in the Bank OF the
United States, at SO so per share POS 90
Proceeds of marriage and tavern licenses 2,2l0 90
SO, 255 so
Showing an annual income for the purposes of education of
nine thousand two hundred and ftyive dollars and fifty
cents without taking into the estimate the OF twenty
five thousand dollars stock of the Chesapeake and Della
ware Canal Company and which at present unpoductve,
the unnvested balance OF SIX thousand ou huufea ana
one dollars and forty the hands of the trustee
II should not regarded objection to an attempt to
introduce schools throughout the state at TINS period that the
fund will of ITSELF unaided by other be insult