Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1841-11-15

dit and the family thought to be rich while
the reverse IS true, and they may be induced to
embark in enterprises which will probably result
greatly TO their disadvantage, and in which they
never would have embarked bu, for facilities fur
nished by this fund. Father would probably new
er have incurred the expense OF building this
stone palace, but for the money Obtained from
Aunt Betty's fund. Again, no wise man will bor-
row money to loan ut the same rate which he
pays. All he borrows must be paid with interest
of what he loans TO others he will receive only
what his debtors pay. Their fortunes are all at
the risk of the lenders. Such is the condition of
father in relation to this fund, aud he has already
lost some under Aunt Betty's administration. Nor
can it be wise or polite to collect fund by di-
rect taxation to be supervised at great expense, to
he liable to be in part wholly lost, perverted
from the purpose for which il was at fist collect
ed, and to he the subject of peculaiion during the
whole course OF its existence. Yet this is tho
precise condition of this fund, and such will con-
tnue to be its condition should it survive to pe-
Rod when II can be Of any practicable avail for
the purpose originally designed. 1t is virtually
an attempt to support schools by taxation in a
way the most onerous and expensive. The whole
scheme seems better calculated tie fill the pockets
of those who handle the funds with pelf than the
heads Of future generations with science Is the
money to he collected in the most expeditions and
cheap manner and when collected, is it to be
transmitted in the shortest and most direct route
and by the safes; conveyance to its destined use
the support OF schools? or, the contrary, is not
the reverse of all this the truth? This will be adj
mitted by all who will think of the subject The
folly OF this fund is manifest in this, that is not
10 be applied TO the purpose of its formation until
It's interest shall he sufficient to keep school FOR
all the descendants Of the family two months in
the year. Now, the expense OF keeping school
Two months in the year is a matter OF vety great
uncertainty besides, in the race Tor future gene
rations, who Gun predict with certainty which
shall adv once the fastest, the fund or population
1t the Inter- then, indeed, Is our money cast, not
on those still waters, where we shal find il after
many dnys, but OH ending, cehseIeSs flow
ing CURRENT which bears il TO u retuinless distance
far into the land Of forgetfulness. II the restric-
tons fenced around this fund are literally com.
! pied with, every living member of the family
will have gone tohis long home before the fund will
become roductlve. But suppose the fund were now
sufficient TO educate aud instruct all the members
of the family two months in the year, would our
condition be improved? We have always sup
ported schools for our children to greater extent
than that, without the aid of fund, and this in
our younger days. when had all the burdens
of new settlement pressing to the EARTH and
| in those schools we acquired all our education,
ani may not our descendants, who may hope 10
be exempted from all those burdens, and also the
burden Of accommodating fund for those who
muy possibly come after them, may they not be
able TO support their own schools? And should
they not, give them that interest in them without
which they would be useless? Here 10 Green
brought his foot, with firm stamp upon the floor,
which, as was designed, produced profound 81
lence. He then, in few words, pronounced sem
tence upon Aunt Betty's Bank, that it was lawful
to abolish it, that it was expedient and that il
should be done. lie added, that nothing need he
said about the disposition OF the money, as he had
determined to apply it in payment of his debts
PIINY