Wisconsin herald. [volume] (Lancaster, Wis.) 1846-1849, 1849-03-17

OF 1t, consequently the income which would
How into the treasury daily would be per-
petually safe, and at the proper time would
find its way to every district in The State,
where schools were taught. Whereas, if il
were loaned to company the security to
the people would be little or no better than
they might expect from wild cat" bank
ing company. Tehy would be pretty sure
of successfully robbing the people and lining
their pockets, and the people would have 10
return to the good old way of taxing them
selves for the support of free schools.
Secondly, if it were loaned to companies
or individuals, there would be more or less
defalcaiions and swartwouting every year,
with principal or interest, or both, which
if it were possible 10 avoid, the fact that the
money must be paid in at certain periods
and rerloaned, is serious objection, so long
as II Is possible permanently to invest il in Il
railroad which may belong TO the govern
ment, or IN other words to the people, and
from where itwould be folly ever to remove
1t. Finally, 1t were better To construct a
railroad with the fund, because the country
cannot flourish without some method of
transportation, other than by hauling on
wagons. In fact, the advantages to Wis
consin, arising from railroad so construct
ed, would be very similar TO those realized
by the State of New York by the construc-
ton of the Hudson < Erie canal the income
would continue to increase until the State
and the whole country west of us was filled
with inhabitants, and the full extent of the
capacity of our bountifully producing soil
should be developed. Real estate far back
in the interior would rise in value until il
would stand at the same valuation with that
in the vicinity of the lake, and our produce
nearly to Milwaukee prices. If there is
anything IN the constitution that forbids
such disposition being made of the school
fund, 1t is easy for the Legislature to pro-
pose such an amendment, in reference to
the above object, as the nature of the case
demands, and let the people decide whether
or not they prefer having the fund vested in
a way that would pay the whole of their
school expenses, and furnish them with IL
braries, &c, or have it so disposed of as
that only half of the expense shall be paid
for them, at the best, and none at all proba.
bly,. So far as can he ascertained by a some
what limited enquiry, nineteen twentieths
of the legal voters of the State would sane
ton such an investment Of the school fund
The government could construct the work
without contracting debt of any kild, be-
cause the constitution allows the school fund
to be invested in the most profitable man
ner, or in fact IN any way that the Legisla-
ture may think proper 10 direct.
The Secretary of State, Attorney General
and State Treasurer are the commissioners
and proper officers to carry into effect the
designs lin reference to the school fund.- of
the legislative body. 1t is to be hoped that
every man who desires or is in favor of some
safe and profitable method of investing the
school fund will give some attention TO the
above hints and take active measures to
bring about so desirable an object. For on
the education of our youth and general
dissemination of knowledge, rests the fab
rio of our republican institutions and con-
sequently our liberties.
FREE SCHOOLITE.