The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1855-01-13
Total interest,
$4,000 20

IuHl, ~,1'O ~
Total interest, $1,000 20
4he three per cent fund is derived from
that amount oi the proceeds Of the sales Of
public lands in this state, which amount, un-
der the ordinance Of congress admitting this
state into the Union, is to be applied as
above stated.
The principal Of this fund is increased,
from time to time, under an act of the state
Legislature, requiring it to he invested in
state bonds. The amount which has been
added to it by this means is S32, $50 2G, ex-
elusive of the investment this year by your
exccllchcy.
The amount arising from the surplus rcvc-
nue. was secured to the school fund i'll 1886,
when the internal improvement system was
adopted. under an act oithc legislature which
provided that the amount remaining unap-
propriatcd Of the proceeds of the surplus re
venue Of the United States, which was dis
tributcd among the several states Of the
Union under an act Of congress, should be
invested in the stocks Of the banks Of tins
state. On the winding up OF the banks,
this fund was secured to the school fund,
which was about all that was saved from the
li''t"'h' o'N".
The seminary fund arises from the sale OF
the two townships Of land donated to the
state under ordinance of congress These
lands have been sold, and the proceeds, to-
gcther with the three per cent fund and the
surplus revenue, constitute the common
school fund, which was loaned to the state
at an interest of six per cent. per annum,
and the interest thereon appropriated to the
support Of common schools.
| By the same ordinance Of congress there
was granted to each township in the state
one section of land, being six hundred and
forty acres. The entire amount in the state
was 09s, AS 50 100 acres. Within the last
two years in 70 counties from which returns
have been received, the quantity sold was
1866 acres, for which was received Si2,.
972 rs, leaving still unsold in the same
counties 4s,3l3.
The amount Of township fund in 70 coun'
ties is 81 AL ,427 81, and the interest on the
same, which is distributed for the support oi
common schools in those counties is Sill, ;.
| l9l 29.
Estimating that the 81 counties to be
heard from are average counties, and that
the county fund is $4,000, the following
I StuttllltHt SnDWS tuC HSSiNEutC otuOuit vi
our entire school resources:
State fund, including college,
seminary and school fund, 1851 ,5O4 07
County fund, 10000 0O
Proceeds of sales of townships
in79 counties, 1,44l, ,427 81
Estimated value Of lands in the
same, III ,S9l O(
Estimated value Of sales Of
townships in 81 counties, 302,694 OC
Estimated value of unsold
lands in 81 counties, 86,O7s OC
Total principal, $2,953,594 3:
Interest on state fund, at 6 per
cent, for 1863, 5000 %
Interest on county fund, at 10
per cent, 5000 oC
Net proceeds from interest on
township fund in 70 coun.
ties, l,lol o.
Estimated proceeds from inter-
est on township fund in 81
counties, $4,000 oC
Total interest $l9G,2Sl 81
The sum raised by dd ra'orcm
tax, for the year 1853, in 97
counties, most of which was
appropriated to school-hous-
cs, sites, furniture, &c, si2,705 4.
In 40 counties, from which returns have
been received, it appears that there were 4,
2l5 schools, Of which were taught by males
2,492; by females, 1,557, and in the SAINT
counties the number Of schools in which
males and females were employed at the sam,
time was ll6, and the number Of schools il
which males and females were employed a
different periods was l,645.
The average monthly compensation o
male teachers was S25, and that Of females
Sl2. The number of white children in tn,
state under 81 years Of age, according to til,
United States census Of 1850, was 400, ,595
10 70 counties fer tho year 1858, according