Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1856-01-15
Aid to COLLEGES

Aid to Colleges
A late number Of the Richmond Enquirer pub
fishes the subjoined bill. now pending before the
Legislature, designed TO promote and assist the
Colleges Of the State. When tho scheme which
il embodies was presented by the late Governor in
his message. we expressed our approval of it.
We are glad to see the suggestion so promptly
acted upon,and hope that it may speedily become
law. The Enquirer prefaces the bill by saying
1.-The colleges of Virginia constitute an impor-
tant and essential part Of her educational sys-
ten. & as such deserve assistance at the hands
of the Legislature.-They have to great extent
been established by private munifcence they
now ask the State TO aid them in perfecting their
endowment and in extending all the facilities of
collegiate instruction to those who may enter
their precincts. Our youth heretofore have too
much gone abroad TO seek the means Of educa-
tion-it is time tina. Virginia should place her
own literary institutions upon such basi-, that
her young men will have no nducement to 20 to
other States for instruction. We believe that the
enactment of the provisions Of this bill will ac
complsh that desirable object without detri
ment to any interest, without impairing the elf
cheney of primary schools and academies on the
one hand and the University on the other; indeed
we believe'that the passage of this bill by the Gen
cral assembly will consolidate the educational in
terests of the State and give increased energy
and success to the various parts of the system
The provisions of the bill are just aud simple
uniting private lberality and State aid and
promising the happiest results to the prosperity
and glory Of Virginia. without easing in the
least degree the amount to be raised by taxation
or imposing upon the people any additional bur
den"
A BILL. Providing for The permanent endop.
ment ofths colleges Of Vuginia.
BE it enacted by the General Assembly. that
the surplus Of the annual revenue Of the Ltera-
ry Fund above s99.5OO shall be appropriated Ia
the Colleges of the State after the following man.
ner and 10 the following extent to wit: Whenev.
or William aud Mary, Washington. Hampdcn
Sydney. Randolph Mnccn. Richmond, Emory and
Henry, Bethany, Roanoke, or Lynchhu,g collie.
ges. or such other or any one of such others as
the General Assembly may hereafter designate.
shall satisfy The board of The Literary iund that
II has erected the necessary buildings aud is free
of debt and in addition shall transfer to said
board S50,0'W in State securities, to be held in
trust for said college, IL shall annually receive
interest up"DS75.OO0; provided the surplus above
named be sufficient To allow all the colleges com
plying with the above conditions intere t uppn
said sum- and if said surplus be not sufficient. it
shall be divided equally umong the colleges 50
complying each one receiving interest upon the
securities transferred To the Board, and in ad
diti'n, its shares of the surplus aforesaid.
=. At the expiration ut five years from the first
day of January, 1857, any one and all of the col
leges aforesaid shall be allowed to incren 80 their
n>fer OF State securities To the board If the Lit
erary Fund to seyenty-fve thousand dollar aud
to receive annually interest upon one hundred
and twelve thousand dollars. provided the sur
pu, above named be sufficient for the purpose
and if not sufficient it shall be divided among the
colleges complying with the conditions specified,
according to the amount of securities transfer
red each one receiving interest upon the seou.
rites transferred by it to the board, aud in addi
ton its pro rata share Of tho surplus aforesaid
3. Al the expiration Of ten years from the first
day OF Januury. 1897. any one and all Of the col
leges nforenamed shall be allowed To increa So
their transfer Of State securities to the Board of
the Literary Fund to one hundred thousand dol
lars, and t" receive annually interest upon ono
hundred and fifty Thousand dollars, provided the
surplus above named be sufficient for the purpose
and if il be not sufficient, it shall be divided u
mong the colleges complying with the conditions
specified, according to the amour, of securities
transferred, each one receiving interest upon the
securities trunferred by it 10 be the board, and
in addition. IL pro rata share Of the su rplns n.
foresaid.
4. At the expiration of twenty years from the
first day of January 1851, the privileges herein
offered shall be withhold ron all oi the Azure
mentioned colleges which may not have complied
with the con iitions specified in the first clause Of
this act twenty.
g. In consideration of the advantages hereby
extended, each College accepting them shul le
required to educate, without charge for tuiton
or use of room. laboratories or library, every
young man who may deslea collegiate ciucn-
ton, and will furnish satisfac tory evidence Ia
the President and Faculty of said College, that
he is both needy and worthy provided the mum
Der iniructed ia said Colleges for any one year
does not exceed.
8. Should any College which may accept the
provisions of this act hereafter cease Ia exist,
the amount of securities held in trust for said Col
lege by the Board of the Literary Fund shall
thereupon revert to and vest in said Board. and
constitute part of the permanent capital of the
Literary Fund
2. This act shall take effect from the first day
of January, eighteen hundred and fifty seven.