Wisconsin herald. [volume] (Lancaster, Wis.) 1846-1849, 1849-01-20

Only two methods of investment can be
adopted at the present time. One Is by es-
tablishing q loan Office or offices, under The
direction of the board of commissioners, to
loan these funds to our own citizens, on
bond and with real estate as collateral secu-
rity. To this mode objections exist, among
the prominent of which the following pre-
sont themselves: The title of each tract Of
land offered as security, must be examined
By some agent of the State, 10 ascertain IT
it is perfect in the person offering 1t, which
will be attended with much expense and
some risk as to the correctness OF the exam
nation, and an additional charge for the re-
cord Of the mortgage deed. Again, IN the
event that the principal and interest are not
paid when stipulated, an extensive procee-
ding must be pursued to enforce the coIlec-
ton of the money, and these expenses may
be incurred, where only small sum Is
loaned. In case this system of investment
is adopted, all expenses of loanlng ard col
lecting the money should be paid by the
person taking the loan. The cash value Of
the collateral security should be at least
double the amount loaned, and such value
ascertained by disinterested freebolders act
ing under oath as appraisers. The other
mode of investment is by purchasing United
that promptly pay their interest when due.
This last mode is certainly attended with
the least expense and trouble, and there will
be greater degree OF certainty in the in
come. The objection to this mode is that
the funds would not be invested among our
own citizens. My conclusions are in favor OF
the latter system of Investment as the most
economical and certain. The whole sub
/ iect however is left TO the wisdom of the
| legislature.
/ learn that the revisors win present in
detail, bill for a sale OF the School aud
| University lands, and the investment of the
funds which | commit for your considera-
ton.
The board of regents of the university
being vacant, these officers were appointed
under the provisions of law, who Will hold
until the close of the present session, and
luntiI their successors are elected. The pres
ent law provides that they shall be elected
/ by the JOINT vote of the TWO houses of the
1 Legislature. Ii is only necessary for me 10
call your attention 70 the fact, to ensure the
performance of this duty. The board OF
agents is now full, and / learn that they
have organized the university under the law.
/ The importance of this institution to the
cause of education in our young and grow
! ing State, will not fail to command at your
hands wise and liberal policy. The board
OF regents are required to report their doings
TO the legislature, and not to the executive.
| cannot advise you, therefore of the steps
taken by them TO further the objects of the
institution. doubt not but they will sub
init to you as directed by law a detailed
account of their acts and such other intor-
nation as will promote the welfare Of the
university.
Your attention is earnestly directed to
the school system Of this State, and the
great importance of establishing one that
will be uniform, and upon basis firm and
| liberal. No question of State policy in the
present age, il eliciting more attention at
| the hands of political economists than the
educational interests of the country. 1t is
not only the systems of schools and the man
ner of imparting instruction that demands
the notice of statesman, but the extent aud
character of the education disseminated
among our youth should also receive inyes-
| iigatlon. While we congratulate ourselves
upon the progress we have made IA the adj
yancenent OF education, may not the lnqui-
ry well be made, whether our system of
instruction is adequate, and OF that pract-
cal character 10 fit and prepare the youth OF
the State to discharge all the duties required
at their hands as members of the social
compact and body polite. Are they taught
any OF the practical duties of lite' Does
4 the science OF government or OF political
economy enter into the system Of their edu-
cation' Are their political and natural
rights explained and discussed before them :
Are they taught IN yodr schools the relative
social duties due 10 aud from society? In
fact do they learn anything Of the economy
OF life, or OF procuring the means to sustain
i il? Are not collegiate graduates as destitute
Of all practical knowledge necessary to place
them in n useful attitude as citizens as when
they first entered the college portalss Is
this placing upon a correct and proper basis
the education of those into whose hands will
soon pass the political and social affairs of
thej Statel
/ The system of public Instruction physi-
cal moral and intellectual, should be more
of practical nature and less Theoretical,
or rather, the practical, theoretical ard ele-
mentary should be more blended together
and carried forward in harmony without
giving preference 10 either, to the neglect
of the other, Our youth should be educa-
ted 10 be men, and 10 know the rights of
man, and when thus educated they wiz at
all tit.4es protect those rights, aud be pre-
EtdtStt tN tifCNt WIN titttttlS1S
sihliities incident to their position. The
most perfect system Of imparting this in
Istracsiou yet devised Is that Of common
schools and the first great object OF our
State, should be 10 make the one now in
form more perfect. I Uniformity IN schools
Of the same grade Is well Ia text books as
ia the same manner of Instruction Is ALSO
lately necessary Ia the harmony AMI success
Of the system This uniformity does not
exist 10 our schools, aud il Is regarded as
great evil As means OF creating this
uniformity il has been suggested, anl / rec
ommeul that tha agents Of tn University
and State superintendent constitute q board