The northern galaxy. [volume] (Middlebury, Vt.) 1844-1848, 1846-08-18

They 1.-THE Whigsl are afraid to face the
robbery they committed at the last session in
taking the school fund to pay the State debt.
- bennington Gazette.
The Wings sh rink from no responsibility
which is justly theirs. AS to the abolition
of the school fund, they are abundanty able
and willing TO face any locofoco upon the
subject. That robbery was committed in
aoolishing this fund, we defy the Gazette or
any Locofoco TO Prove. And as 10 the State
debt, we should think loco would be the
last to mention it. If there was any State
debt to pay, it is well known that that debt
was occasioned by the building of the State
House. And who, let us inquire, were con-.
cerned in that business? The State House
was built and the expenses of ii incurred by
Palmer, Egerton q Co, the hottest locos
Vermont can produce. So that, If there is
Rny thing in the above charge Of the locos;
tits that the Wings have paid their debts for
themi But they robbed the children's mon
ey, say they.-What children Whose chill
dren! Certainly none that are now IN exis
tence or will be for many years to come.
MIR. Dillingham; once said in the Vermont
Legislature that he did not think the school
fund would euer be available to the children
ofVermont. Will Locos receive his author
iry!
The fact is the act constituting this fund
provided that, until the same shall amount to
a sum, which shall yield an annual interest
or income, sufficient to defray the current
expenses of keeping 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 use of COM
mon schools
Admitting the number OF towns in the State
| to be 240, and allowing II districts to each
town, and S59,s2 as the expense Of keeping a
| good common school for two months in each
year, it would require a capital Of "a 900, 900
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 ofthe bene-
| fits contemplated in this fund. The audi
tors's report in the Treasury department, in
Nov. l641, showed the fund in round num-
bers, to be S164,000. Ithad been accumula-
ting sixteen years, and it would require fifty
five years more, before that sum. at COM
pound interest, making no allowance for loss
or expense, would amount TO S4,000,000 oil
very nearly. This sum would be required,
TO yield the necessary amount of annual in
terest. In this calculation no allowance is
made for incfement Of population. though at
the rate of increase, as exhibited by the cen
sus for the last twenty years, itwould have
accuRuated more than twenty per cent
This possible increment of population and
the indefinite rum required, TO keep schoo
two mouths in year, might possibly outrur
the yearly additions TO the fund, and thus
much further delayed the period designated
for the distribution.
| We have here given the facts in the case as
distinctly as we can, and if any loco, after
reading them, will accuse the wings of rob-
hing the children, we are bold to pronounce
him either knave or fool, and he may take
which horn of the dilemma he pleases
Il Bradford Protector.