The New York herald., 1869-01-10


War debt 1858 244
Temporary debt. ............... 02S, $50
Total. .$27, ,735, $40
The railroad debt Is composed OF the following
Western Railroad $3,57s, 900
Eastern Railroad 80. 200, 600
Norwich ana Worcester Raiiroai. ........ 100000
Boston, Hartford ana Erie Railroad. 200, 400
Troy and Greenfield RAilrcad and Hoesac
tunnel. including Southern Vermont
Railroad. ACKNOWLEDGEMENTS. 4,673.OS0
OF the funded liabilities the payment OF ali but
surplusage or their accumulation VIII be more than
sutcient for the liquidation OF the entre amount
The FUNDS thus Specially estansned for the quida
t0n OF the funded debt OF tue STATE now amount to
more than $a5oo, 600 while the market value Of the
Sl250vOO in excess Of their original cost But with
out this enhanced market value OF their securities
accumulation Of lncrease will be than enough
to meet the liabilities for whose payment they are
held as they mature in convenient instalments nom
the present to the year 1900 In addition to these
Of this debt any receipts wic may be received from
mated 10 be at east 81 zoo in value also whatever
may be received non the balance Of our unsettled
are ssaamstsd at S2O0,0O0. The ordinary expenses
S. CO. In sdSlnoa g this che ter tempcrary loan,
total 81 ssoSs ssa fns estimated receipts is oi rev
enue from al sourcos other than by taxation are
authorised FOR funding the Troy ana Greenfield RAil
roAd and Aoosac Tunnel debt $500 ocoi cash on
nsa Y S,sdp sas payment osI er & G ak s
showing . deAciency Of eas2S, ,4s0
Il Will be seen from this statement that . tax Of
three ml1lions OF dollars fs necessary, unless pro-
vision h made FOR funding the temporary debt. Az
this debt hes been incurred lof purposes other than
W &c q
tfon that provision would be made for fanding It,
see no reason why It should be nclnded IN the yeary
tai. Leaving tins amount out Of the estimate, It
does not seem necessary, for the ordinary expenses
OF the State to raise more than two millions or dol
Gent ior the expenses Of Che year even with the
most rigid economy. Appropriations for other OBJ
Of sr as
ample provision should be made In the usual form
OF sinking funds.
Tne edpcatton OF every citizen snould be one OF
the arst ~bjects promoted bg q free people. So the
policy, % perssseny pursued 6y their descendants.
influence she possesses among her sister states. It
every child Within tner borders not only the abi-
iy 70 read and wrlte bat much higher culture.
important progressive movement, - il contributed
much % advance the cause OF sound learn.
Ing N ne r., q the people and g ae sns
result Re ~ss SOC soon p maniissted Il larger grants
az S% o. e any n e 1881
seemed even to the most jealous friends OF educa-
ton sies the highest point Of taxation 70 WHICH tn tns
however, they were mistaken. The suggestions
tions made from time to time By those IN authority
teacners have been sppreciated ut least In part.
The amount granted, a. reports show, ID 81 $685. ia,
an increase over the year lse5 Of s2so. 2cs Tne
between the ages OF nve and nfteen years in the
state, and nearly one dollar more than last year:
schoolhouses during the same time was Sl.4s5,5 ,573;
but - no returns have been made IN years PAST OF
the sums paid for that purpose no comparison can
70 70 demonstrate % the facs that IN TINS "fnss mat
ter the people WIN act In no parsimo-
benent the schools, and their response will be
pF0mptand liberal. This Wow Ii confirmed BY tho
So ns s to ssses Of o
ant Institutions OF learning. Education, ike every.
thing human, admits Of progress, and whatever
ant let not the Commonwealth. from any asiach-
mens 20 past custom, be backward IN adopting II.
interest," 70 use every power entrusted to us TO pae
the educational institutions OF the State among the
The compensat,on 81 nc Of teachers, TO large extent
determines the ablity which that service can COM
mand; and II We would retain within our State our
them salaries adequate TO thet comfortable support
One OF the most striking inequalities In our system
q q, Sss e: sSs sss sns
teschefs-tne average monthly pay OF the
male teachers being s12 ss, whiic that of the
are poorly paid FOR this service can expect no
great proficiency IN teaching their part nor that
@ be length cf sins. en- am happy 70 say mat there Is
gradual improvement IN this respect bal there is
% Cs 90
lbernlIty. II possible let those about entering the
proresaon have the advantage Of normal school N.
nave been established which are proving the I'm
portAnce Of making the art OF teaching ike every
ts Be- no I xSod reason why tns larger scsd mies ana
hEh 4eh0oA which are scattered through the StAte.
sts snUu'd os sdcs some ics,sss,ve action s 70 e
COURAGE then uusteeS 10 establish . course OF In
struction adapted 70 this purpose. 49,
20 the benefits likely to arise TO the cause Of educa
ta0n from placing on school Committees women,
sSe = ans csu - ys o. ws
atsention 10 the subject fhns far, wherever the ex
pertinent mas been tried Il has been successful And
there would seem TO be every reason In State Ike
ours, where so large proportion Of the teachers are
females that the practice should become general I
Sosrs o ana o. those
tionary institutions which contain young children,
and especially the Industrial school q lancaster
shoald be amended ~ 70 allow the apponttnt 1s
0f women 70 those Ofifces. this change ~ deemed
very important by nnny persons Intimately &C.
They bcifrve that their introducuon INTO these
boards would tend TO promote the internal economy
q the institutions and enlist n the eens the cor.
dial cooperation nnd Hyfpathics of ali oenevoient
women throughout the state.
AGRICULTURE.
More than ordinary prosperity has attended the
labors OF the farm during the past year aud tue
TrUuucM 0 agriculture ate estimated ~ over
ea0,000,o00.
ruE SAVINGS BANKS.
IL appears by the retnrns made 70 the COmmIs.
soner or savings Banks THAT, in October hast n .
number OF these institutions in tne State was
1l5 and that they had ON deposit t94sSs, 336. with
re9crve ~ &2b7O,vz3, making In all the sum OF
$S7,40, 800 The increase w the year has been
41st07752 winch r. ~ sos ss more than that OF the
previous year. The loans mortgages OF real
estate for the hast year announced ~ ss7ss.sss 1hs
esow6 tbat this class Of securities, which WAS
almost overlooked by the bahks rev years since.
has become iavorite investment and that the CON.
plant can no longer be made Justly that persons de
esing such loans are Obliged TO obtain their funds
from private individuals ri exJrbNant rates. The
eucccsa OF these institutions r. remarkable and Tar
beyond the cxpectatIons OF the yneet sAnguine.
CHARITIES REFORMS kND cURREcriUNs.
The GovernCr reports favofablyu u on the efficiency
ana success OF the dicfent charitable matutioRs IN
a abosx sxxsu1 vuulf1