New-York tribune., 1867-06-19
EDnCATION FACLLITATED.

The State of New-YOrk contains many col
leges-in fact, too many-seyerai OF which
have, somewhat prematurcly, been christened
universities but the one promise of uniyer-
sity which seems likely to realize the hopes
of its founders is that located near Ithaca
which ftly bears the name of CORNELL. En-
dowed with Half Million Dollars and good
farm by its protector and founder. the Hon Ezra
Cornell. il has since been endowed by the
State with the proceeds of the sale of her pro-
portion of the Land Scrip (99O,OOO acres) set
aside by Congress for the support of practical
education in every part of Che country.
This Scrip, if sold TO brokers and land specu-
lators would produce a fund of bali million
dollars Many if not most of the States have
sold their Land Scrip for whatever it would
fetch, usually from 30 TO 70 cents per aCre--and
devoted the mcagcr proceeds to the end contem-
plated by Congress. But our Scrip is likely to
be largely increased by the practical business
management and generosity of Mr.. Cornell, who
has pledged himself TO apply every dollar OF the
profits to increase the endowment OF tho Uni
ycrsity Mr. Cornell scasonably resolved that
our allotment should not be thus squandcrcd; (;
80. purchasing the Scrip himself, on behalf of
the University, he proceeded TO locate it on the
best Public Lands subject 20 entry, keeping in
view ticir intrinsic ~ well as their current value
These lands TO found mainly on the River
Chippcwa, in the very heart OF the yet ndeyas-
tatcd Pinerics of Wisconsin. Here, with an
abundant water power and other facilities for
manufacturing purposes one hundred thou
g.nd acres of choice, heavy pine, all lying
on tho Chippewa and IFS tributaries above
tho fall. have been carefully selected and
located with Ncw-York scrip; and this magnit-
cent domain. covered with timber, which, al
ready valuable, is in vast demand and grows
scafrcr yearly, H. together with the water
power made over TO "Thc NcwYork Lum-
Lcs, Manufacturing and Improvement Com
panyn which is to cut the timber, raft
IL saw il out at It's mills 10 be erected,
run it out and sell it, to the profit
OF the company and It's stockholders. The
lands cost the company s. per acre; and 1t is
calculated that 500 per acre net profit cen he
realized from the timber; after which, the par
tally cleared lands may DO sold to settlers at
their original cost TO the company. In other
words: The company may realize $50 per acre
from most of its lands, and then sell them for
cost; Wilde the village miils, aud wator-pOwer,
after the timber shall have vanished. VIII bc
devoted to other manufactures, at an advance
on their present valuation.
These sanguine expectations may or may not
he fully realized; but it is certain that the de
mand for Pine lumber on the vast pmiries of
the Mississippi and It's tributaries is constantly
and rapidly increasing. while the supply Is linz
lied and daily lcsscning. We urge those who
can to take shares in the company, Capital
SG0OOOO,) in the assurance that they will prob
ably make money, aud certainly contribute to
swell the endowment of the noblest seminary
ever vet devised for the instruction of man
kind. Whoever desires fhther information
should address the Hon. Era Cornell Ithaca,
New York.