Mineral Point tribune. [volume] (Mineral Point, Wis.) 1854-1858, 1857-03-03
MADISON CoRREsPoNDENCE.
MADISON. Feb. Dc Isl

he report OF the Regents OF the University |
was laid upon the tables of Members this morn
ing. The Report as well as others is required
by law to be made on the first of January of
each year; but on account of the impossibility
of getting quorum Of the Board together, with
a subsequent delay in the hands of the printers
it has only just made It's appearance From
this it is to be learned that not political favor
should entitle a man to membership in slch
Board, but living interest in the prosperity
of an Institution founded by the liberality of
the General Government, and having Just
claim upon the people of the State for its prop
er care and support. The University fund
amounts now to about $350,0OO, which at per
cent, interest yields an annual income of Ss24,-
500. From this is to be deducted some $4,000
or $4,000 of interest on loans made to University
for buildings leaving a net income Of some
100000. A Bill providing for the erection of
the main building of the University has Just
becoIne a law, approPriating $4,000 out of the
capital of the University fund for the purpose
Of erecting the main bGilding, furnished with
apartments lor lectures, associations. chapel,
library, DC. The interest on this sum comes
out OF the annual income together with sink
ing fund TO redeem the principal Much COM
plant has been made in different sections Of
the State in relation to the management of this
institution; but the character of the newly
elected Regents, is a sufficient guarantee of its
future prosperity and success. I believe il Is
the intention Of the Board of Regents to place
this institution IN such position that it viii
not be rival of others of like character, but
to so elevate and enlarge its capacities and ad.
yantages as to adapt il to the wants of all crad
mates Of other Universities who nav desire to
pursue 4 particular branch of science to an ex-
tent not to he afforded elsewhere
Electricity could not move faster than has
legislation the past few DAYS. Under pressure
of the proposed adjournment on Monday, from
twenty to fifty bills have been put through al
each session, rendering necessary the employ
ment Of an additional force Of clerks.
1t is impossible in the limits Of this commu-
nication 10 give anything like an outline Of the
vast multitude Of bills acted upon the last week.
Some Of the most important 1 will mention by
their titles.
Mineral Point City Charter.
Incorporating Mineral Point Erauken Inter
st,eizn,q Gcselshqt1.
Memorials to Congress for repeal of duty on
Sugar and 1toIasscs and Lead.
An Act authorizing Waertown Rail Road 70
extend West 20 the Mississippi ria Mineral
Point
Appropriation to Gov. Bashiord for expenses
Of contesting suit with Barstow.
\ Law 10 preserve the purity of elections.
Bill to provide for the enlargement of the
Capitol
Acts making appropriations to Blind and
Deaf and Dumb Asylums-S27, eco 10 the form
er and $4,000 to the latter
A vote has Just been taken on the bill TO sub
nit the Iowa County Seat question to the peo-
pie, only Elere1s voting in favor OF such propo-
sition. ReQnescas IN pace.
Some Of your citizens do not understand why
the law authorizing Schools and Academies 10
borrow money from the School Fund. was so
suddenly repealed. The explanation is simple
Ist. The fees Of the Commissioners on small
loans are ten times larger than thew would he
under this law. ID Most members Of the Leo
slature either for themselves or or their friends
wish to get loans from this fund, which such
large leans would soon exhaust. Sd. 1t was
reported on good authority that some paper towns
were endeavoriHg to secure large amount Of
money for which there was 10 adequate socu-
rity proposed. Under tie operations Of these
causes and the excitement occasioncd by the
statement Of the latter fact in tie LEGISLATURE,
the repeal was carried through in hot haste
No dissatisfaction is expressed on account Of
the fact that Mineral Point secured $1,000 ont