The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-01-17

Bank Of Buffalo The total amount Of outstanding and
and bank fund stock issued the credit Of
debts Of broken safety fund banks was ON
the sOth Of September last ASA 80; Of which
of February next aud win be promptly paid out Of the
cash in the treasury belonging to the fund.
40 failures oScur in the existing safety fund banks
tons to Be made t. it, win be sufficient to meet ali such
stsSA thus charged upon the credit Of the fund.
nnn nS nsSe their ..sh 70 the
people, The high premiums the stocks taken .
curty for their circulating notes and rigid scrutiny
serve in great measure to check banking except as
Legitimate business Our banks with few exceptions,
contsmplaiss to their nsisssorSoods. ' % 'A' -"
should deprecats any attempt 70 introduce more
available class Of securities basis for currency than
those now received fearing that with greater induce
ments, purely circulating banks would again spring into
existence to the deriment of legitimate Institutions and
= the peril free banking system and the danger Of
the public interests.
The frequent and sudden expansions and contractions
OF the currency In the city OF New York serious
and in the absence Of any adequate monetary necessity
the various business interests Of our commercial
mepods to are , esfa6gsa and s sIp This | Is
Of large means Of most Of their capital in {" call
loans brokers and capitalists upon stock securities
This abstr action OF banking facilities from and
manufactures drives the merchant and mechanic into
the street whore they compelled to pay from
to two per cent month for money which the favored
borrower obtains call a. the rate Of six per cent
per annum 1t is suggested that law restraining banks
from making loans on the hypothecaton Of stocks be-
yond reasonable centage of their capital wculd
by compelling these institutions 70 their eg
mate functions place banking facilities within the reach
OF the industrial and producing classes and thereby
mote the general welfare
SCHOOLS.
The amount Of school moneys appcroned by the SUI
peIintendent OF Public Instruction for the year.
is 81 10 0o0 of which $4,000 is derived from gene
raj tax s165 900 from the income OF the Uned States
Deposit Fund and 600 from the income Of the Com
School Fund.
The amount reported as having been expended for the
payment of teachers wages for the year 1854 01
All IS for libraries $50 2l6 81 for school house Sites
school houses and fuel esq., 900 5S-tot So 6t8 0S
The amounts OF money raised by tax in those districts
where free schools are maintained, and the amounts
raised by rate bill not separately stated but it is
tain that the former considerably preponderate.
The number of school districts reported H. 74S The
number of children suitable age draw public money
is 233, 9S7 There have been ,532 in attendance
upon the district schools in academies under the super
vision of the regents of the university 80 34 in colorcd
Schools s 243; and SO, 764 in unncorporated private
Schools in ALL 9es 27s leaving 225 1854 not in attendance
any place of instruction. except the students in
the several colleges.
The attendance may therefore be down one
fifth. 1t likely however that if the age six was
substituted for four years the minimum period this
proportion would be greatly reduced
The number OF volumes IN the district libraries
ported at !. los $40.
The numper schoolhouses is IL 028 of which 1856
framed buildings, IT'S OF brick SIC Of stone and aS of
logs.
Defects in public school policy and the legislation
to remedy them, will demand your earnest
AttenIOL. a mOOlncAuon that Shall secure greater
enconomy Of the public treasure and extension the
system to all the children Of the State to OBJ
vously necessary. Particular attention should be d
rected to the academies deriving revenue from the
Literature und would suggest that Board OF Com
mssicners be appointed TO visit them, examine their
management, ascertain to what extent they have COM
piled with the regula lions prescribed by the Board of
Regents and report the results OF the investigation to
the Legislature al its next session.
cannot regard our school system complete, until it
shall extend free academical instruction to every child
residing in the State, DESTROYS OF its benefits.
This be done by placing all the schools in each
town under the control Of Board of Education charged
with the duty OF general superin tendence Of selecting
the
ACCIDENTAL departments high schools whenever a
jorty of the inhabitants shall deem it proper the
Boards Of Education adjacent towns may combine TO
this result where the territory is l ted and the
means Of single town inadequate to the purpose
This policy would the objection which is now
welfare Of institutions inparting academical instruction
The benefit o. such instruction would be offered to all the
In relation to the subject of supervision repeat the
suggestions made In my former annual message. The
listing method does not answer the purposes for which it
designed The system Of supervision established some
fifteen years since, and which caused dissatisfaction
many localities has been 50 modified Is 70 render il pow
erless to attain its end In 1s47 the Lseslature abolish
ed the Office Of County Superintendent at the in
stance OF many Of the Boards Of Supervisors. or
;on, + would ho~evsr be ins,neSent TO sttsnn,
revival OF the Office The Nike abolition Of the
Office of Town Superintendent, and the creation
command the approval Of the people, and secure
satisfactory results, in general supervision and economic
be to report annually to the supervisors
respective counties and aio to the Department Of Pub
lie Instruction the number and condition of the schools
the number Of children residing in the towns the num-
Der actually attending school, the salaries of the teach
ers and other expenses incurred in The support of
schools.
The present system Of making annual reports seems TO
be very Objectionable The abstracts furnished for years
past to the State Department Of Public Instruction BY the
nF
unreliable The labor OF making these reports which is
imposed upon the County Clerk foreign the regular
that indicates great of interest in it, Under such
circumstances 1t is not possible for the State Superip
tendent to have correct statistics for the of the Leg
lsure AS evidence of the mac ,uracy of this nfo
nation, will state that the number of school houses in
the State returned to the Department Of Public Insruc
ton greatly exceeds the number in the Census returns
the Office Of the Secretary Of State and yet these ncor
rect returns form the basis upon which the apporon
ment is made Of third of the public money!
would recommend that all payments from the School
Fund the United States Deposit Fund, the Literature
Fund and the annual State tax for School purposes,
control of Commissioners, to be called Commission
ers Of the School Funds aud to be composed OF the
State Superintendent OF Public Instruction the Conn.,
troller, and the Tressurer-that it be made sub |
iect in all cases to their order, to be paid only /
raft by the Supervisor the Regents Of the University
with the proper vouchers This would insure greater
safety the custody and employment of those moneys
Such modification Of the law, therefore, would place
the disbursement Of The school funds in the Boards Of
Of the people in the towne to me peculiarly desi
rahle
would also suggest the expediency Of making the
schools Of the State entirely free Twice. when this ques
ton has been submitted TO the people their verdict has
been rendered BY large maj rity in favor of IL.
There is evidently growing rcpugnance to the rate
bill system and it Is time that the subject OF its
final abolition fully discussed The imposition of
additional tax for the maintenance Of public schools for
given time less than eight months be assessed
upon the several towns in conformity with the recon-
mendaiion Of their respective Boards OF Educ ston
would supply AL the requisite for schools during
each year instead of school districts organized
it should be left discretionary with the educational
officers Of each town to establish schools whenever
cessary different localities in the town. II would be far
easier to disburse the school equitaby than
the present arrangement where districts formed
of different szes and with general regulation
population available This policy has been
adopted in several States with decided advantage The
ntermnabe controversies between school districts the
adjudication Of whsh occupies large proportion of
the attention of the State Superintendent, and which
seem every year to become numerous bitter