Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1861-01-18

/ payment OF interest Ou LCLdJ6 loan, OC.,
leaving the sum of s189.771 O6 as pro-
perly the cost Of carrying on the State
Government. This sum compares with
the like item, as ascertained for the pre-
yious year, as follows:
Expenses of 1859 $1s8. $50 ,46
| Expenses of 1860 S9,77l ,05
The careful estimates of the Seer ctary State,
snow the probable resources of the State appli-
/ cable to the payment of expenses for the fiscal
wear ending Oct. 1861 to amount to $3.50 ,33l ,04
/ The expenditures for the same pc
riod of time calculated on sufficient
| " liberal scale for all the necessities
of the State Government are esti-
mated at s86O,7l2,4 40
Estimated balance in tie Treasury,
at the close of the fiscal year 1861 $lGS ,5SS, 81
PUBLIC PRINTING.
1t is matter for general congratulation
that the questions at issue between the
State and the contractor for the public
printing, for the years 1859 and 1860
have been finally settled. A detailed his
tory of the matter will be found in the
Report of the Secretary of State, by whom,
acting with the advice of the Attorney
General, the negotiations for settlement
were conducted. The cost Of the Print
ing for the two years has been very much
greater than was anticipated at the lime of
letting the contract. 1t was then thought
that the sum of $4,000 per year would
be more than sufficient to meet the pay
ments under the contract ; but there had
been audited by the late Secretary of State,
up to Dec. 81, 1859, the sum Of ST.
! 104 OF, while there still remained, Of
accounts not yet presented and adjusted
but claimed by the contractor, the sum of
| Sl20,176 78; and the whole amount
elaine by him, from November 80, 1858,
down to December 81, 1859, was S219,-
1O2 55! aud there yet remained year
of this contract. By the settlement with
the Stale Printer, the total amount paid to
him, to the termination of his contrcat,
January /, 1861, is S86, ,201 81, Of which
| S17,616 II is for all the printing for the
year / $50 The printing for the years
/ 1861 and 1862 has been let, under the
law of last session, to Messrs. E. A. CaIk
ins d Co., of Madison.
SCHOOL FUND.
The School Fund, owing to the forfei-
ture Of very large quantities of lands
Heretofore sold and estimated as por-
ton of the productive fund, bearing per
cent. interest, exhibits large diminu
ton in its nominal capital and actual
revenue The extent to which this diml-
mutton has gone, will be learned by an
examination of the Report of the Superln-
tendent of Public Instruction, in which
the condition of the Fund is treated very
fully. The number of acres of School
Lands, thus far, forfeited for non-payment
of dues, and yet unsold, October /, 1860,
was 352, $40, while the proportion of loss
to the productive School Fund, by the
forfeiture of Swamp Lands, was, to that
date, 247, 13O acres. With the return of
prosperous times, in the course of the
succeeding year, these lands will again
be sold and added to the productive
Fund. The Superintendent estimates the
productive School Fund, Oct l, 1860, at
50, $50, ,694; and supposing the lands at
present belonging to that Fund to be sold
at the minimum appraisal, he estimates
the Fund will reach So, 234, ,156 from ex-
isting resources while there will be adj
ded to it, in the future, the proceeds Of
sixteenth section lands not yet in market,
one-fourth of the proceeds of the sale of
Swamp Lands not yet offered, besides the
avails of lands claimed from the General
Government, and the long withheld 5 per
cent fund, which must eventually come
to the State.
The Report of the Commissioners of
School and University Lands will be laid
before you, containing information and
suggestions in relation to the business
entrusted to their charge. Your careful
attention to the subject is imperatively
needed, in order that, by judicious legis-
lation, proper safeguards may be placed
around these important funds, which have
been much diminished by careless invest
ment during past years.
STATE UNIVERSITY.
The University Fund on the lst Octo-
Der, 1850. amounted TO 1896 ,725 %
1 On which the annual interest, at per
cent, is 20,0T0 0S
/ Add balance in Treasury SIS IS
! Gives income for the University torthe
/ year, zC,3S3 4
| This fund shows a decrease of some
$4,000 from last year, owing to the
same causes which produced the diminu-
ton of the productive School Fund.
The report of the Board of Regents of
the State university, made according to
requirement of law, will be laid before
you, exhibiting the condition of the lnsti-
tuition. There is no maxim more sound
than that frequent changes IN the policy
and administration of such institutions IS
in the highest degree detrimental. With
its buildings now completed. and at ex-
pense of not less than 100000, and al
fordiug ample Accommodations for years to
come, what the University mainly requires
is to be let alone. TO pursue quiet and
even course of usefulness and progress
Earnest effort on the part of its Faculty,
under the judicious supervision of its he
gents, with an established policy. steadily
pursued, viii without doubt, with its ad-
vantages of situation, speedily place it
among the most important institutions of