The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-01-05

trine Of one Of his that of
this character should be coufped below the ports OF
entry and delivery, established by law is Discarded by
the present executive and therefore, ruh espend
lures, have ceased TO be constitutional.
Since the meeting Of the present Congress- the Pres
dent has returned the bill with his objections passed
near the close OF last session for constructing certain
works 10 the Territory Of Wisconsin and for her pur
poses The President states that returning ths bl!
to the House Of the preceding session.
containing siniiar provisions and appropriations, he
stated his to It's passage and those obj EDITIONS
remain unchanged. The upconrtitutionslity of these
appropriations for protection of our commerce Insisted
and ingeniousy enforced The President also
against the appropriations for the reason that II Con-
lures there ould he restraint upon the amount Of
money that wod be squandered rais subject is quite
TOO important not 10 attract the attention every states
man. and csnno, doubt that views more in conformity
with the public interest Will ultimately prevail But
discussion the power Of Congress to make appropr
atous for ahes harbors and the oil rivers
IN respect to the exercise of such power asssum-
ing that i exstss inappropriate to this communication
and has only been alluded here FROM it, intimate
connection with the prospective legislation of this
State In regard to the Erie Canal. In my annual COM
munication to your pred ecessor expressed the opn
Ton that the security required for the redemption of
bank notes under the sixth section OF the first article
of the constitution rested entirely in the discretion Of
the Legislature snd this opinion seems to be generally
acquiesoed in. Although the subject engaged mush
attention Of the Legislature at it's last session.
al laws passed for the government OF banking ipst
buttons These Institutions exert important infd
upon the business interest OF the State and If yon
shalt consider the time suspicious for the enactment Of
laws to provide for their organisation and management
have doubt you will enter upon the discharge of
that duty with full consciousness that It will
quire Of you great wisdom in establishing general
principles and the utmost patience and care in set
Ting details No bank charter will expire during the
present year, of the seventy seven banks in this
stse doing business under special charters
The charter of will expire in lsl9 four in 1880 and
the residue from 1851 to 1856 inclusive There Of
the stocks of this State held in trust by the Comptroller
the LIST day of December last the redemption
Of issued by banks doing business under the gene
raj banking law 239 80 aud of the stocks or the
United States Sll90 Ue Under present laws, the
stocks of the United States are not by the
COMPTROLLER basis bank issues Tho prpprietY
OF amending the laws as TO provide for their recep-
tion has been sgtated and doubt not will be again ut
your present session That such provieion by law will
ultimately becsme necessary can scarcely be doubted
but do not think proper regard for the prospective
value of stocks will justify 1t at this time
While this cannot be said to be of pecunary
embarrassment here the markets feversh and deli
propitious to financial legislation in country, for
that have been often and 30 well stated that
| need not reps at them.
The education of It's children has been and trust
will continue to be matter Of the deepest socituds
Common schools, from their universaiity, reaching
every neighborhood and shedding their influence upon
family and into every mind expelling the prm Try
ism and virtue, have justly been considered the peculiar
objects of legislative care The practical Importance
OF the State Normal School for the education of teach
ers is heginnog 10 be felt and in the tone strength aud
vigor to be given to common schools by distributing
shrough the State teachers who shall have been tho
roughly instructed, it is believed will be found
most convincing arguments in defence Of reason
able, but liberal appropriations, by the State to
this object The capital OF the common school fund
is $2l7,55l,447, and lis annual income for the
last fiscal year Si3,l55,42l The capital in the
United States deposit funds S4o 4a2 OIL aud the an
$40 2S 076 the 9th article of the Constitution it
provided that me sum OF Of the of the
United States depots fund shall each year BIZ propri
ated to- and made part OF the capita! OF the SAID
mon school fund.- and by act Of tbs l2th May last,
provided that the OF the United States deposit
fund not otherwise appropriated sha TO annually add
ed to the capital of the common school fund The
p o a Vas s 500 and tbs amount
paid bills Y462, gao Al, making aggregate OF
Sl06s2a0 IS. From the returns made by ths town su
perintendents for The year ending 30th June, lsl7 t
appears that the whole number of children in the state
bstwesn the of and 10 700 4l3 and the num-
Der of children taught in The common schools during the
year, 1IS 337 exceeding the numbers between the
ages of s. $, ], and o: by 47,s3! ,,
The Dsrriot Libraries have acquired evil
dencss the public appreciation OF these Important aux
iltarits to our primary schools During the last year
S9 500 90 have been paid for books there
thes, district libraries 300 9S4 volumes Having
discharged whole duty to conmon schools, the
higher Institutions Of learning must not DO TO- often
Any abatement Of the interest the State in these in
situations to be fels almost exclusively by those who,
ia their enquire. after Wedge fra
ternsi of the State stortunars of the
si dent it IS regarded with entire indifference but TO
tuose VINO are the arhcers of their own fort
ag iiust strong current, struggling with poverty and
aboriDg with their hands to procure the mean, Of cult
waiting their minds it matter OF Wat Importance The
)ctr that would deny 10 those Institutions any par
tc iii the from time to time appropriated
by he Stats to the of education would strengthen
rstocracy OF wealth. by adding to 1T the arstocrscy OF
letters The protection OF property and tho encourage
ment Of its acqusition are among the important ela
OF CIVILIZATION out IN leEstatng people
whose institutions permit any boy whatever his birth
and condition. TO aspire to the highest places OF honor
and u.sfuness, is manifest duty to enact such laws
relating to mental culture as VIII place asprants for
honorable promotion upon footing of equality, while
you should leave nothing undone improve the char
actsr, and enlarge tho sphere OF common schools
feel convinced that the ability Of the state so far AZ it
be exsrted, without prejudice 10 other interests
will be put forth to furnih faciit for higher order
OF the payments in literature and sciense.
The income Of the literature fund pledged by the
constitution to the academies The cspals sass 400 IS
Welding an income the last fiscal year Of Sso dollars
65 cents BY act OF the l2tn or May last there was
appropriated Of the revenue Of the literature fund,
sl3 600 and Of the United States deposit fund s2 600
making la the aggregate $40 900, and for each OF the
years Is aud lsts to be appropriated by the regents
OF thu University among the several academies and
schools Of esrnng IN proportion to the number Of pu
pills in each, who shall have pursued tae REQUESTS stu
dies to entite them share In such distributions The
same act $3.50 be- paid to the regents
the University to deray certain expenses incident to
the Of these Institutions, and the further Of
$780, to be assigned to certain academies aud semi
hsriss Of learning aud the purchase of text books
maps, globes, and philosophical apparatus These las,
appropriations were male as well for the last as this
year This act sso makes special appropriations for the
same period to several medical colleges and other ia
ttunons of learning TO be paid out OF the states
deposit fund
The year Just closed IL may safely be affirmed, has
been To the people OF TINS country season OF unpara
lesd prosperity and happness The earth has furnish
ed snost every description OF agricultural product In
great profuson anu perfection. These have found y
ready market at liberal and In iustsncas extraor
binary prices and In the prosperous condition OF other
svocstons trades ana professions is furnished another
illustration of the truth of the theory, which atrms
that wise regsr to tue Interests OF those cultivate
the earth is surest protection to the int
Of the peops of the State, for the liberal
with which labor has been rewarded. We are not
little indebted to the condition of OF tue Old world
aud particularly Of parts OF Scotland and Ireland Our
generous and active sthies the suffering Of that
country truhfully described by status
man. a. poor gallant generous aud oppressed Ireland
have bsen felt and acknowledged Her situation is
painfully interesting aud may furnish new evidence
OF the ala Gritty with which fteo people rush to the
relief Of tue down trodden aud oppressed but the
io6uen,e OF these unhappy causes upon the value OF
agric products at the expense of great
suffering, Is TO be desired What We should most
desire in this regard stable market Our permanent
interest cannot be promoted by temporarily large and
extravagant prices That condition of things is to be
sought which will furnish the best security for market
subject to compara tively little fluctuations and thus
fiIrIu fe hu inan