Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1846-08-20
The School Fund,

They fthe whigsl are afraid to face the robbery
they committed nj the last session in taking the
school fund to pay the State debt.
Bennington Gazette.
The wings shrink from M responsibility which
is Justly theirs. As to the abolition Of the school
fund, they are abuudantly able aud willing to lace"
any Iocoioco upon the subject That robberg
was committed IN aboishing this fund.- we defy the
Gazette or any locofoco TO prove And as to the
State debt, we should think loeoloco would be
the last to mention IT, If there was any State debt
to pay, ii is well known that debt was occasioned
BY the building Of the Stale House. Aud who, LEI
US inquire, were concerned in that business The
State House was built and the expenses OF il n-
Cured by Palmer. Egerton a. Co., the hottest 10.
colocos Vermont can produce. So that, iftherc is
anything in the above charge Of the locoocos il is
that the wings have paid their debts for them J.
But they robbed the chdrens money, say they
What children Whose children Certainly none
that are now in existence will be for many years
TO come. Mr. Dillingham; once said in the VT
Legislature that he did not think the school fund
would eUc' be available to the children of Vermont
Will locoiocos receive his authority
The fact is the act constituting this fund provid-
ed that until the same shall amount to a sum-
which shall yield annual interest or income, suf
fcient to defray the current expenses Of keepinQ
good free common school, in each district in the
several towns for period Of two months, it shall
not be expended or appropriated to the of COM
mon schools"
Admitting the number Of towns in the State TO
be 24O, and allowing IL districts to each town, and
$685. as the expense Of keeping good free COM
mon school for two months ~ each year. it would
require capital Of S4,000,00O yielding an interest
Of 6 per cent per annum, making no deductions
for loss or expense in managing the fund, before
the people Of the state could expect TO realize any
Of the benefits contemplated in this fund The
Auditors report in the Treasury department in
Nov lS41, showed the fund in round numbers, TO
be slG4,000. 1t had been accumualng sixteen
years, and il would require ihy-ivc years more,
before that sum- at compound interest, making no
allowance for loss or expense, would amount to S4,-
10000, or very nearly. This sum would be re-
CURED, TO yield the necessary amount Of annual in
erest. In this calculation no allowance is made
for increment of population, though at the rate of
increase, as exhibited by the census for the last
twenty years, it would have accumulated more than
twenty per cent This possible incremen, of pop
ulation and the indefinite sum required 10 keep a
school two months in year, might possibly outrun
the yearly additions to the fund, and thus, much
further delay the period designated for the dstribu.
ton
We have here given the facts in the case, as dis
tncty as We can, and if any locofoco, after read
4 ing them, will accuse the Wings Of robbing the
children, we are bold to pronounce him either
knaye or fool, and he may take which horn Of
the dilemma he peases.- Bradford Protector.