Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1845-10-23
GOV. JONES' MESSAGE.

The Message of Gov. Jones. of Tennessee
to the Legislature of that State, has met with the
highest commentator from almost every quar-.
ter. Ii is a production well worthy its author,
whose noble bearing throughout his administra
ton has been the lmiration fthe country.
Although the Message OF the Governor of Ten.
ncssec is production of considerable length, vet
he has throughout avoided the slightest reference
to Federal politics; watch, by the way, is ia;e
occurrence in these days.
The Louisville Journal takes the following ne.
tice Of the annual message of Gov. Jones:
ANNUAL MESSAGE oF THE GovrES,R OF TrSNr,Er-
Governor Joness message to the Legislature OF Tennessee
very interesting document Ia occupies seven rl
umns Ia the Nashville Banner, and able, cgnisd and
patriotic State paper II differs vcry much many 9th
ms attention TO State concerns 4vng affairs of
ton at large to those whose business II Is attend them
We abstr-c; have made struck Us as
the most interesting PORTIONS q! the message.
After some general Introductory remarks Nv. Jones
calls the attention Of The Legislature the npr-tan; sub.
Ject OF education On this subject MS views sound
ardenty hope they may be carried ont Something has
been done III the State towards the establishment of sys
TEN OF common schoO educatOn; but been done
Is by with the importance of the
object desired The common schools already established
have done nucR good but their necessary in
order 10 secure tue blessings OF the children
the States Is iApse blessings aio enjoyed III other
states. There more Than hundred and .iy ho,-
sand children IN the State between the az OF six aud
tweniyone yeais 81" the sum annually appropriated the
common sChoOs - vur hGGdred thousand dollars. This
is altogether made cVuieT the benefits
system all the chilteG embraced within the provisions
ct the iaw. The Gayorasr boldly recommends resort To
taxation Tor the the common school system
what IL ought te, unless other way iu raise the
money he devised. AS less Objectionable than taxa
on lac advises that the aud of the Bank
OF Tennessee, an Institution which belongs the State
shall be made ubse the of popular education
lie then proceeds examination oi the condition OF
that bank.
The Bank Of Fennsgses chartered in 1887 and had
ioT its object the Enlistment Of SYSTEM Of education
and internal Improvements. This baG mic opera
ton about the lat O Juy, 1885, like than
this series oi years follows Enre profit OF Bans
Tennessee Tor years .9i2 SIS 49, expenses du-
ring length O lng, 3 1888, 70 %; showing an ex
cess OF expenditure the profits OF 1926 S55 80. This,
though by no means favorable exhibit Vi It's operations
4 is the 5esI that can be ggen.
From this statement il obvious that the bank must
become insOlvenin w years, unless its profits be
Increased, v! which there IS prObab ~ OF eGpenses
diminished, which II is difficult DO. Tine bad debts Of
the bank, together with the OF It's expenditures
It's profits show loss OF three hundred and seventy
thousand dollars The Governor then recommends the
best and safest plan that be adopted the bank shall
be put in course .! gradual liquidation giving ts
debtors sufficient lime ~ claims them. lie
dat this policy Is adopted, and nesns and cap
tai OF the bank applied the redemption OF the STATE
bonds, IN few years the State will be OF deb and
II the bonds thus c.ncclei be added, in whole ia part
10 the school fluid, system Of universal education will be
permanently Establish d. The entire the State
b"nas is S3,3O4l6 co. pay which, the State has the
assets nf The bank Of Tennessee.
Which amount 10 So ,I9l 90
Stock IN UniOn Bank worth 362sis 90
Stock IN Plunters' Bank worth 1893 $40 90