The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-01-09
$42,76s Al
This makes sum appropriated annually to the purpo
ees of education, of Xa63 go &C.

S246 30S "a
The 9th article of the constitution provides that
the sum of $ae 900 ofthe of the United States
Deposit Fund shall each year be appropriated to and
The interest actually received on account of this fund
for the last year, !. 1898 $780, This does not include
been bid in on account OF the delinquency of mort
gegors When delinquency occurs, amount equal
the annual revenue and added the principal, and
when the lands thus bid in again sold the avas
counted and used as revenue These avals for the last
year. added to the revenue the amount of 6s6 40
before stated and there has also been to the
capital of the School Fund the Of S3l 0OO being the
county commissioners of the United States Deposit
Fund There Is, therefore, for ths year ending Goth
CssS sds on o oS
Applicable as revenue. >. .$276, 666 20
now constitute aporton Of the capital Of the
School Fund proper.
The appropriations from the income of this Fund by
existing statutes, as before shown, amount to the
Add appropriation to the capital Of the '1'''''' -
School Fund, by the Constitution ..... g. 600 90
S27l, 3Os o.
Iho interest received on the capital 253 $50 90
The payment annually. Of 1900 to the ' General
alton being for six years from 1874 inclusive This ap
preparation paid IRON the Of the U. s. Depo
mortgage given by the officers OF the seminary on &C
count OF loan from the school fund.- in 1889 history
OIL the whole transaction may be by reference to
Assembly Doc No. 80, Of ls44.
The appropriations to the University Of New York
and Geneva and Hamilton Colleges originally made
in 1885, for five years. and until otherwise directed by
law"
In ls4 acts were passed giving to the Albany Medical
college, and tho Medical Institution of Geneva college,
each five thousand dollars annually for three years
amounting 10 total OF $50 900. After the expiration of
the three years another law passed. chapter 279 Of
ls4l appropratng $1,000 per to the Geneva and
Albany schools, and making appropriation three
thousand dollars annually Tor the of the Medical
appropriations as well that to the Eye Inermary are
made tor yc years and until otherwise directed by law
These appropriations rendered void and imperative
by the new Constitution; but far assurance has
been given in the law that these payments should be
continued for i've years, those who have based their
rangements OH these legislative assurances ought
be disappointed unless there strong public
| for il.
The of 600 appropriated to the three COLLEGES
by the act CHIP 237 OF the laws of 1873 clearly the
disposal OF the Legislature They have received all that
the law Of 1885 intended Guild be paid to them and
new direction should be given TO this portion Of
the revenue there be ground for charging the
Legislature with want Of good faith II the law of 1895
had been adhered to by subsequent legislation the
paid to the Medical colleges, the Eye Infrmary. the
Genesee Wesleyan Seminary the District School Jour.
ing to total sum Of Sls GAS So would have been added
10 the capital OF the School Fund
- CANAL
The Consl funds of The canals themselves ant
ths Ievenuest derived from them II the cost OF con
suuc'nR the several canals be taken the principal
iund the capital and annual revenues of the cana
may be stated as follows