Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1845-10-23


AY, OCTOBER 23, 1874
Of the Indebtedness Of the State amounting at this
time TO the sum of 1924 300 So An act to annul
this Indebtedness would leave TO be disposed Of
the sun Of Sl0,59O %, invested in individual Sc
curities. bearing interest. None would think Of
suffering this to accumulate even with the adj
dition OF the six per cent. bank profits aud the
income from pedlars licenses with view of making
them available for schools under the act Of 1926
The demand for funds TO aid in putting in oper-
alton system Of common school improvement
such as the State needs, and public sentiment evil
IDENTIFY demands, suggests the direction which might
be given TO a part, all, Of these sources of in
come, when released from their present connection
II is believed that the annually accrung interest on
that portion Of the present school fund, loaned on
private securities, together with the annual income
from pedars licenses, would be sufficient for that
purpose We may thus institute a system Of Su-
pcryslon and Accountability, which shall give con.
centraton aud energy TO the present efforts raise
the standard, and multiply the facilities Of educa
ton, until the minds of the mass Of our children
the happy mingling Of the poor aud the rich to-
gether-shall feel its equalizing and eevatng pow
er. Thus, while comforting substantial benefits on
the present generation. may send forward an in
iuence which shall flow on, in a continually widen
ing stream Of benefits aud blessings to the genera.
tons that shall succeed us to the end Of time
Should it be found that interest of the pres
ent, Of future generations, be benefited by
continuance Of the State Indebtedness to the fund
Of which ] have spoken, and the Indebtedness
should be cancelled the State debt would then
stand as follows;
Due the safety fund banks. including interest to
Oct /, $50 $50 81
Due the surplus fund.- SLASH %
Deduct the amount loaned
out the past year, | I,OOi 90
3.s0s -
Salaries due Oct J., I,l0s 33
Due to towns for interest surplus
fund, 44i Sc
Total s35, $50 -
The balance in the Treasury on the
18th OF Sept was slS.4I7 81
Balance of taxes due % 1892 50
Total, SII $50 a
To what extent the services Of the coming year
"a portion Of which necessarily constitutes draft
on the present balances in the treasury and on
taxes-will permit the application Of part ofthose
balances towards the extnguishment Of the lndebt-
edness Of the State, may be determined, upon the
careful examination which ought to be made into
everv h,aaoh = r~.'s'ssu'S, "isif 'rrw asCrt-
tain whether there can be any reduction consist
emily with the public interest In looking at the
expenditures ofpast years. have been struck with
the large amount disbursed under the heads of
supreme and County Court orders, and Clerks
0, courts Tor me expenses oil supreme and County
courts which nave risen from s2O'4Oo IN 1852
10 S%S'''U IN Ioi'' Inc amount disbursed I'M
ue' 'nese heaos curing me last seven years, mas
peen @io''ooo' averaging S-i 'o~o per ahnum
wou,u Suggest the ptopre'y OF an examination INTO
the ue'ais OF 'hese large items oil eNpend,ture-ln
regard TO winch II may possibly be found that IN
course oil years abuses nave crep' IN, requiring
CORRECTIVE ieg'sia'oh'
Inc treasury IS happhy relieved from charge
winch, lo' many years, nnng upon H. 10 the iorm
OF mii'ary ORDERS which' Tor me hve years, pre-
-s ~, "',u ''.'uu'"s ,'e !e"' iof"' ""e'i 'ney
~ as o. ~ Wv - a'"'.,'.' W
s"I s'', ~ au' "spPy " say 'nd'' py
IN '"1. go '"o Peol'e s'o 'e".'eu 'o"' '''e
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m? oe , ,.' "Jpeu u'a' " Plsouou-
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80, III PsIe"' 80 ",;e"n ~"
80 W." /" ~ '"' Gu"
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cy -, ,..".;ss.;l W ""''"
In o% ;a'a'a', rs sh,ph ,sIssm 'oP,o "
,;o 80" "o1 W" ''" "'''"
nv,
Inc great purpose OF criminal law Is reformation
ms purpose 'ies a, 'ne 'ouhoauon OF 'he reh"en-
nary system which eompines WIN Imprisonment,