The Van Buren press., 1860-11-16

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GUARANTEES that The aid afforded thsm BY The
stase would enable thsn - eemplets at any
rate part Of thsir respective roads.
II tie stste had ss16eient funds to pay
what she owes 20 Tho Bank Of the STATE OF
Arkansas for part of the cspitsl of tho
bank withdrAwn from the bank under The
acts Of 3rd February. 1S43. and 10th Jan.
uary. 1845, and used many years ago. to
pay ordinary expenses Of the stats, tho
railroads when partly Constructed might
Be hastened oa 70 completion. BY giving
the companies. under proper restrictioss.
the exclusive right to draw the money 20
appropriated, upon the express conditions
that before drawing the money from the
state treasury, bonds Of the state, that wsre
issued to and sold BY tho Bank Of the State
Of Arkansas, should be surrsndersd to the
state treasurer. amounting. with the unpaid
interest. to . sum equalto the emouns Of
M aP4ropriaeien 70 s. withdrawn ~ than.
end that the monsy 20 withdrawn GhouA
All b expsnded in ths construction and
squipnsnt Of tho railroads. The mest Of
this debt which the state over the bank with
six per cent interest On il from the Srd Of
February. 1S43. might Be paid IN the way
suggested. in prudent instalments, without
completely drsiring the treasury, during
the next four years. and without increasing
the present low ratio of the state tax. Bnt
without Increasing the state tax, il would
be imprudsnt 10 provide for paying the
debt. except in iustallments to be adapted
to the state Of the treasury, taking into
consideration other indispensable expenses
Of the state. Upon this plan the state could
honoiabiy pay debt which she owes, and
greatly aid the railroads without incurring
any new debt or new liability.
tbs safe rule to get out Of debt Is fast
as possible and then pay ss they occur such
expenses ~ the interests Of the state require.
by such policy established. there would
be no aocumulating intsrsst to pay on mon
ey, which perhaps might have been iniudi-
eiously expended; and more regard would.
under such polieysbs had to true economy.
1t is therefore in the power of the state to
afford aid to railroads and 1T the same time
pay debt which she owes. So =. s~%
You will SEQ BY the report Of the Presi-
dent Of the Memphis add Little Rock rail-
road company. thas tho company has con-
tracied for the iron and the chairs and
spikes. sufiicisnt fos the completion of tho
road from the present terminus. at the St.
Francis river, to Little Rock. That tho
third division of the road from White river
to Little Rock 10 nearly al graded and tho
greater portion Of the cross ties reuuired.
already delivered. That hands are It work
sufficient to complete the grade aud furnish
the balance Of the ties ss fast as they can
possibly be needed for tho track; and that
this division il now ready for track laying.
and that the company only needs fuAds i'm
medistely available to enable them to press
the work with vigor end energy 10 comp3s-
ton. The one hundred and thirty Thousand
Of the Eve Per cent fund. II promptly ap-
|propriated out of tho state treasury, would
snsbas TIE company 10 finish and place in
operation this third division Of the rosd in
. few months; and the compilation Of the
remaining unfinished portion of the Mem.
phis and Little Rock railroad would soon
follow.
It will be seen By the reports Of ths sa-
ditor and treasurer. that there remained in
the state treasury, on the first day of Octo-
Der. 1850. subject to be used for ordinary
expenses Of the state, the sum Of three hun
dred and four thousand. ono hundred and
SIX dollars and ninety eight cents. IN gold
and SILVER. 4.
The whole amount Of the internal in
Provement fund distributed 20, and drawn
by the several counties. before the first day
OF October. 1880, was 8488. .692 96. AMI on
that day . balance of this fund remained
in the treasury. in specie, amounting to
8l7. AL 26. Tho entire amount Of ths
seminary fund distributed to. and drawn
by the several counties. before the first day
OF October. 1850, was 889, ,695 20, and on
that day balance Of this fund, in specie,
remained in the treasury, amounting to
"a. .306 81.
The whole amount Of the saline fund dis
triouted to, and drawn BY tho several conG-
ties. before the first day Of October, 1860,
was STATS 56, snd balance Of shis fund.
in specie, remained in the treasury ON that
day. amounting to Sl.988 %.
The seminary and saline fands, when
distributed to the several counties, to aid
in the support of common schools. are
placed under the cont 81 Of the county %.
snOtitlcos upon WuOW IL uevO1VeS 70 uovV
tho funds taken care of and properly ap-
piled to the objects for which they arc ia-
tended. The common school fund; arising
from other sources, must be sufficiently
large in manyof the counties to justify the
establishment of some free schools. Bus
as the funds and common schools are, by
law, placed under the control Of the county
and township officers. the executive has noc
sufficient information on the ssbiscs to d.
termine whether the fund is properly taken
care Of or not. and sacraily applied. As it
should be. towards tha educssion Of the
children Of the county.
This subject u ono Of 50 much impor-
tance that it should be Investigated. and
Whatever can be properly done for the sd-
vancsment of education should be attended
to without failure.
For all tho informaeion on tn snbisct;
which thu secretary Of starsl - supssin.
tendent Of ce,mmoa seh6,ls. has bssn abls
TO obtain. you are especially rsfssrod to.
this rspors. datsd NJ 0etobar. 1850. 3
Your assantioa i supecsfully invitsd 70
the reports .of ths ksspesA Of The PsAiesnr
tiasy. Il appears thAS l2l eoaviees and 3