Southport telegraph. [volume] (Southport, W.T. [i.e. Kenosha, Wis.]) 1840-1850, 1849-01-19

1
win much force TO your consideration at this ses
sion. The interest Of these funds. il is belle, ed
will be enhanced by sale OF them II is estima
ted the interest of the money that might be eceiv
| ed from such sale at this time would exceed the
rlse on value, in their sale should be POSITION
| Ell. Other advantages OF an important characte
would result TO all by their sale. large quantit,
valuable wild land would pass into the hands o
Industrious settlers, thereby materially increasing
The productive resources of the state. This wouls
add to the amount OF taxable property and con>e
quently swell the state revenue
In preparing the details of a system for the sale
oil these Hands, suggest, that in all sales upon
credit, the title OF the laad shall remain absolutel,
IN the State, until the purchase money and all in
| terest is fully paid, and that the purchaser shall
have only right of possession until terms of sal,
are complied with and further, that in all cases o
failure TO pay any part OF the purchase money ard
the interest, when the same becomes due the state
shall have the right to resell take possession
the land the same as il in case no sale had beer
made.
Much trouble and expense in making collections
and in ejecting delinquent purchasers, will by a
doping this course viii be avoided In all cases
OF sales on credit, cash payment should be ex
acted OF from % 10 10 per cent depending upor
the situation of the land as to timber and its La
bllities to waste Tie residue should draw annu
ally in advance, and the prncira. and interest
made payable 10 the State Treasurer az the CAPT
toll. 1his course would be prudent and in fact il
is the only safe mode To protect these funds
The investment OF the funds arising from the
different sources OF revenue for educational pur.
poses is among the measures of the highest i'm
portance you will be called to act upon at this ses
sion. Unless these funds are judcousIy invested
so that the interest and principal when doe shall
be paid promptly, without expense 10 the State
and at the place stipulated but little benefit would
result to the people from The liberal provisions
they have made for these objects. Some system oil
Investment must be devised that will not consume
all of the income from the funds in investing them
and collecting the principal and interest when due
Only two methods Of investment ran be adopt
cd at the present time one is by establishing a
land office or officer under the direction of the
board of commits toner's TO loan these funds to oul
own citizens on bond and with real estate as col
lateral security
To this mode of objections exist: among the
most prominent Of which the following present
themselyes,-he title OF each tract OF land offered
as security must be examined by some agent of the
state, to ascertain if it is perfect in the person offer
ing it; which will be attended with much expense
ard some risk TO the correctness of the eXamina
ton, and an additional charge for the record of the
mortgage deed.
Aguu,--in event that the principal is not PAID
when stipulated, an expensive proceeding must he
pursued, 10 enforce the collecting Of the money
and these expenses may be incurred when only a
small sum is loaned. In case this system of invest
neut is adopted all expenses Of loaning and colec
ting the money should be paid by the person taking
the loan The cash value OF tie collateral security
should be at least double the amount loaned, and
such value acceraned by disin;eies;ed lreeloldeIs
acting under oath, as appraisers
The other mode Of Investment is purchasing l.
$. stocks the stocks of those states that PROMPT
ly pay their interest when due this last mode is
certainly attended with the least expense and trou
bic and there will be greater degree of certainty
in the income. The objection to this mo lie is that
the FAM would not be invested am ong our own citi
zens. My conclusions are in favor Of the latter
system OF investment, as the most economical and
certain The whole subject is left however TO the
wisdom of the Legislature
learn that the revision will present in detail a
bill for the sale Of the School aad University lands
AID the Investment Of the funds which submit
for your consideration.
The board Of Regents Of the University bein :
vacant. the officers were appointed under the proyis-
ions Of the law, who will hold until the close OF
the present session. and until thelr successors are
be by the joint vote Of the houses The
Legislature. 1t is only necessary for me TO cali
your attention TO tie fact, TO ensure the pero1m-
ance of this duty. The board OF Regents is now
full, and learn that they have organized the Uni
vcrsity under the law. The importance OF this in
sttution to the cause OF education in our young
and growing state will not fail to command at
your hands, wise and liberal policy. The board
oi ReseAs required 10 report their dongs 10 the
legislature anc not 10 the executive. cannot ad.
wise you thereore.of the steps taken by them 10
further the objects OF the institution, | doubt 10
but that they will submit, as directed by law, de-
tailed account Of their acts and such Information as
will promote the welfare ofthe University
Your attention is earnestly directed 10 the school
system Of this state, and the great importance OF
est Ibishing one that VIII be u firm and liberal
basis. No question OF state policy in the present
age Is eicting more attention at the hands OF pc
litca economists than the educational interests OF
toe country.
1t is not only the system of schools and manner
OF imparting instruction that demands the attention
OF statesmen bat the extent and character OF the
education disseminated among our youth should
also receive investigation. While we congratulate
ourselves upon the progress we have made in the
advancement oil education, may not the enquiry be
made, whether our system Of Instruction. adequate
and OF thaf practical character 10 III ana prepare
the youth of the State 10 discharge all the duties o.
the social compact, and body polite.
Are they taught any of the practical du-
ties of life does the science of government
or Of political economy enter into the sys-
tenn of their education. Are their political
and natural rights discussed before them
are they taught in your schools The relative
social duties due TO and from society in
fact do they learn any thing of the concerns
Of life, or of procuring the means TO sustain
it? are not Collegiate graduates as destitute
Of all practical knowledge necessary 10 place
them in useful attitudes as citizens, as when
they first entered the college portals is this
placing upon i correct and proper basis The
education of those into whose hands wall
soon pass the political and social affairs oil
the state ? The system of public instruc-
ion.phvsicaI, moral and intellectual, should
be more of pracncal nature, and less thee.
retcal; or rather the practical, theoretical
and elementary should be more blended to-
gether and carried forward in harmony.
without giving preference TO either TO the
neglect of the other.
Our youth should be educated for the re
aliiies al life-,hey should be educated 10
be men, and to know the rights Of man, and
when thus educated they will al all times