Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1830-12-11
SECOND .4UDITOR'S REPORT

On the state Of the Literary Fund. and proceedings
of The School COMMISSIONER in the different co,ta-
ties, (lr the y'dr ending September 80, 1880.
RICHMOND, Dec. 9th, 1880.
The Honorable the Speaker IF the
House IF Delegates
SIR-I have the honor to lay before tie General As
scmby, the accounts Of tho Literary Fund the year
ending 3oh September last, together with abstracts of
the accounts and reports OF the School Commissioners OF
the State Tor the year 1929.
1t was anticipated, stated in my communication Of
last year TO tue General Assembly that large portion of
the sum TO be borrowed under the authority of the Lee
gature Tor the extension Of the KsDawha road would
be required in the Of the year, and that the
invested capital fhe Literary Fund would be held for
that purpoes. his considered beneficial 10 the
State inasmuch it would merely require transfer of
one public fund in the Treasury TO the credit Of
Their thus making single State Transaction of that which
would otherM Use be two distinct operations between the
State and individuals. BY this mode OF Investment al
so, the power OF redeeming the James River stock
would be secured TO the State whenever might be the
will OF the Legislature to exercise it, right which they
would not possess should the stock pass into the hands
OF others IL has unfortunately happened however that
in consequence OF the ardy progress made by the
tractors Tor tue eastern sccCn OF The road above men,
toned, and of their ultimate failure, small sum only
has been required, and the uninvesed capital of the
Literary Fund, instead of being diminished, has been
increased to the amount OF S6O,O33 40 In the
course OF the fallt will probably be reduced about Sl5
| 600.
! During the year. tho Fund received an increas, from
its regular sources, OF Ss,72t H. aud from surplus re-
venue, OF Sl0,5o2 o. in all, $l9,226 %, shown in
statement b.
vi account Oh inc private loans, SISoNO nave been
received, leaving now outstanding the of S2S 800
only out of $50 00o the original amount These debts
are all believed TO be perfectly secure though from cir
cumstances detailed in statement C. il will he
necessary TO institute legal proceedings i'm relation 10
one OF them, 10 authorize the sale of tract of land
conveyed 10 secure it, Instructions TO that effect have
accordingly been given 10 the Attorney General
ltwiiibe seen, by reference 10 document (H) that
alter creding the disbursements OF the School Commits
soners in the year 1929 there remained in their hands
at the expiration of that yedr,a of s27 800 III ony
OF this about So 700 be due from the estates of de-
iinquen Treasurers, for the recovery of which legal
proceedings have been instituted A considerable par,
oil the remainder is due To teachers whose accounts
were not presented for payment in time TO be included
In the reports appears, therefore that much small
! Ter sum was lying unemplo, ed in the hands of the
School commissioners at the end OF the year 1929 than
has ever been the since the system went into
era operation; and should the present regulations be
persevored in, the prob by is, that very little will re-
main at the end OF any future year. beyond what will
be actually required TO discharge outstanding claims
The view exhibited in statement L. of the GENERATIONS
OF the School commissioners for the wear 1929 houoh
founded on returns made out principally i'm the old form
more perfect than any which has been heretofore
sened TO the Legislature. 1t is sewn by the rcpors
from lO counties and towns, that of the aggregate num-
Der OF 26,3S poor children represented TO have been
contained in The State IL 100 sent TO school al an
average actual expense of about SIS 33 for each child
When contrasted with the exhibits Of former wears il is
evident that great Improvement the mode of con-
Quoting the business OF the School Commss toner's has
taken place In considerable portion OF the State ars-
ing doubtless from an increased attention TO system and
economy
The following table will shcw the progressive reduc.
sIAn~ "a