Litchfield enquirer. [volume] (Litchfield, Conn.) 1829-current, 1847-07-01
THE SCHOOL FUND.

The committee on the School Fund
made detail d report on Saturday il,
the House of Representatives, in which
the report Of the commissioner was exS
aniined with some severity. The CONS
mittee express the opinion that the in
crease of the capital of the fund by rein>
vesting the interest. Of which the com~
missioner seems to speak with some pride!
is contrary to the true intent 81 that pros
vision BY which The income Of the fund
is inviolably appropriated to the supper,
Of schools. They insist that the com
missioner has no rightsto take money
which belongs TO the exis:ing schools, and
The scholars Of The present generations.
and lock il UP for some future time and
that if he bas right TO fund five, or ten
thousand dollars Of interes, In a year, he
has he same righ. 10 fund the whole, and
saFfus6 TO make the dividend altogether.
They also state that the authority under
which the commissioner does this is a
resolution passed in 1871, before the n.
dop,ion Of the constitution, a reso,ut d
which they think was really repealed
the adoption ofiha. irs,rGment.
= The conimiliee uiso express the opinidn
that the capital Of the fund Is over essi
mated at leasi 10000 and some ofthe
committee thought that a very moderate
statement. Tim, the lands owned by
fund'are over estimated, they think is v-
| ident from the fact that none are sold
or can be soid at near anything
like the price at which they DIRE set down
in the report. Tha, the supposed valuS
is derived from the appraisal Of local ag>
ents and appears 10 have been Axed, not
by the price a. which similar land Il
sold in the ighbirhood where h nas'
but BY the price asked q iandholdesA
there, while il does not appear that eith-
er they Of the commissioner havesold %
acre. Soune ,racts OF land have thus
| been held since the y ear 1900 yielding No
income 10 the fund. requiring local agen.s
TO manage them. costing annual or semi
annual visits Of the Commissioners with,
GU. any valuable result, constantly adj
vertised but never sold---and yet put q
the agents estimate 10 the commissions
"a u annual reports 10 swell the apparens
capital Of the fluid. They report also q
considerable sum is Invested il refuse
farms not yielding income exceeding n 2
per cent, and think thata longer contin>
uance Of such Investments that u absos
luteIy necessary 10 getfid Of them At The
market value Of the land is injadiclus.
II sold. and bank stock Ia subscribed f'i
with the proceeds. tho State wouiJ hi
much better off than at present.
| The committee think the scattering III
the fund through 50 many different Stat
injurious to the interests Of "a
Sta,e,as i, makes necessary the empls
ment Of large number Of local agent
besides The expenses Of The frequesl
journeys of the commissioner for the paSs
pose OF personal inspection.
The report when presented was anin'
adyeried upon ny Seymour ana ChaPmaH
and defended BIZ hIr. Kendrick. the chair
man ef the committee on ths part. Of tie
| House. Mr.. G. denied ihe charge thai
the finding Of the interest was unconsaia
iutional, and pronounced the other MATS
,crs that were In the report die
ingenious and prompted BY sons alisrior
motives on she part Of shecommittee.--
| Ha called for figorous Investigation, !
| call which we take the liberty % second.
and hepe the concerns Of ihe Iand will
mismanagenien i, should not b conceal
edit there Is not, Mr.. Beers eanuol he.
injured by the process. - Cbaysnf.
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JEFFERSON'S OPINION or WAR.
Il