Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1843-07-14
STATE SCHOOL FUND.

NO. IT.
Sm" onn we iund ever accumulate to the sum
IT, cPiVoV'Vvo the sum assumed to he necesserv
neiote' ny tue provisions Of the net tho i,,.ro,
cun he distributed, the stne would s,an1 INTEREST
position OF creditor to tie people 10 thot on,orn,
ahn lhe people IN the position of deltnrs IN H.
state, totle same extent. The commissioner 81
.he iunu would mold tho mortgages or other seen.
'.eS against the debtors TO the fund. The penple
would be nortgngors to the Stnte To the ,mo,'n,
OF S4OO0,000, and the interest of This s,,,,, Nv
S<iO,oo0 would, if possible, he collected oc Ito
uhorlsagors' In the form Of interests or rents A,
'ne rue OF compensation allowed collectors or tho
SURE YAK 'le Dare collecting of these rents would
W.. yus' ,no people me sum Of $4,000 annually and
ms Tor the privilege of having their NANCY n,ss
through the hands OF the con,o,issiou,rs y PI "
school tund, again TO lie returned IN ,ha ..J
school districts, whence the money ,vns oi,,,1
there TO he expended in SUPPORT nj cn,,',',,'.
SCHOOLS rs Is now done in every school disric, H.
' VIC 1.a'e' pes,nes mo expense of collecting tA,s
money, much OF the sum collected, will be sn,,,,,'
60 up by commissioners, aud sub Committeeman,
ny lawyers and other expenses OF litigation. nnJ
VI s"ort ny every one, through whose hands Ibis
money is to pass The fund must result 20 ",',,
as II hs's' W. system OF debt and credit, of the
'',o' Vt9vo''oao'e khd one IN which the pso-
creditor. e'0'' 'ne
NO people can remain long free, while ground
uowh 10 the dust IN debt but people in debt
to the powers that be- are in a peculiar sense in
bondage. Such people are in truth aud l,ct
SUBJECTED 10 tue bit and tue bride. They are in
"a position TO he curbed checked and rpiuob
whsresoever their rider plenses. They NAV bnvs
inc power OF iocomoIion, but no choice il left
them between sudden destruction, md teeping
The track indicated by the enpineer Poyer,v de'
nVered up lhe Egyptians, bound hand and foot to
We 'ne saves OF fharaoh. No tyran could desire
surer method to ensave people than tn pnca
them in the condition of debtors to The oovarn
ment e'''"
lhat ms IS the precise condition into which
l"o sc"ooi iu"n, u consunnated, will place
all those whose misfortune it may he TO owe
'hat luna, cannot be denied. The expenses of
the government, from the declaration ihnt Ver
mont was a free and independent State in 1zzz
have been met by direct taxation or if NOT whoIIv
so, lhis resource has been the great reliancs of rio
government II has always been true that any
texpens" incurred beyond the necessary exuenss
OF government, was TO be met by direct tax. I'm
such state OF things it is utterly amazing rim,
the project of accommodating fund nprershiv ~
The provisions oil the act of 1925 should have bpen
entertained ny the Legislature The whole ,ro
cess oil accumuatIng this fund is resoIyabe into
a very simple operation 1t is 10 every uractira.
bio intent and purpose, nothing more nor less
than taking money from the pockets ,f n nnnr
tax paying community to accumulate il in the
hand OF the commissioner OF the school funJ. in
the VAN nope, That something will be gained in
princIpie or interest or both, ultimately TO be an.
Piled TO purposes OF education. But who can tal
to see, that every dollar thus accumulated has cost
uol'ar also mat every cent of interest gained to
The iund has cost the contributor precisely that
amount, besides sulyecting him TO all the losses
expenses and RISKS to which the fund is exposed
Inc money accumulated in this fund is in A talse
PoSHloi, Inc process Is like transpanting u
vegetable from lIs natural soil aud climate to a
position unnatural and unsuiled TO its condition
uJha rNIln g.
10 the control OF the commissioners be as saf;,
IRON pecuialion, from robbery, and from being
suddenly diss paled by being invested in bad
STOCK, or from other accidents, MS il would be in
the hands OF those whose labor first accumulated
u! oud not the money accumulate as fast if
, divided among the freemen of Vermont. ms il
would IN the hands oil the commissioner? Aud
would II not be less subject to accident? No one
can doubt it.
But such fund as we have contemplated
would have disastrous effect on any free xoy-
; ernment. The condition, opinions and sentiment s
VI .ne people must always give shade and color
to the acts ofthe Legislature. A debt of $4,000.
ooo, due from the people TO The government,
would oe such counterpoise, as would cause the
government 10 veer from its legitimate course
!, Petitions for relief laws, for Attachments of rents
or interests, Tor delays and suspensions, for the
abolition OF the fund and other matters growing
out OF The fund. might be expected to occupy no
small portion ofthe time of the Legislature. Tie
same Interests which would influenza the Lepis.
lalure, would agtate The freemen belole election.
aud fund designed Tor good purpose, would
eVentuate IN one OF strife aud contention The
proposed object, in all this, is to raise money 10
support schools. After the fund has been accu-
muated the same object remains TO he done wear.
" IN very complex manner, which is now done
IN an easy aud simple manner every year. Now
the money is collected in the name OF a school
tax, and as fast as the money is wanted, is all
; applied, and no is left to be managed ar
sqnandered. After the fund is accuuulated. thq
money Is to he yearly collected, bu, in a most oh
. Jecnonable and oppressive form. Now the rich
are called on TO contribute of their abundance +,
educate the poor; after the accumulation of tb.
luna, the poor mortgagor, the man whose nec,s<-
lies have driven him TO hire money of the scho i
. iund, will be compelled by the force of state
execution to dlsgorge his last cent to aid in edu.
: ealing the children OF the rich, OF those whose
abundance saved them the necessity of borrowing
OF That fund. Such will he The general outlines
OF that process, which, under the proposed fun
Is TO be the reliance of future generations for the
support of schools. Who will aid to bring unon
i'osterty such system? Surely 10 friend OF the
people. AUDITOR.