Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1872-02-14
PASSAGE Of the EdnclnonsI Bin

The educationai bin. which ba- ior some
time been under discussion il Tie House.
wa passed o. Thursday as- by vote IF
II5 to o.. Il enacts
FIRST. tha: the net pr,ceci- II rae pubic
lands arc hereby forever c3nseerate1 and set
apart for the education Of rhe people
Second, that che Secretary ol the Interior
shall cause an account b De taken UPON the
close of each fiscal year. and ascertain tbc
total receipts from tine sale ur o-ner dI-p.-
ton OF the public lands, and shall certify o.
the Secretary of the Treasury che amount OF
the net cash prJcsed- from the sale, &C..
after deductins such expenses and expendi-
lures IL is provided. however, that nothing
shall effect the pre-empti0n homestead laws
or limit the right OF Congress 70 extend tie
homestead laws Or a1ridge The power 81
Congress over the public domain uV interfere
with the granting 0t bounty lands To- soldiers
or sailors ~ the late war.
Section three provides Jhat upon the
receipt OF the Secretary Of the Interior e
above the secretary ci the treasury snail
cause oue-hatf tie amount 70 certified u be
invested 10 bonds 81. the United States, bear
ing interest ar the rate Of five per cent. per
annum: which amount 81 invested shall con
stItute q perpetual fund in the Treasury OF
/ the United States, 90 be known as the
national educational fund; and the Secretary
I of the Treasury, on Or before the ist day OF
july Of each year shall certify t. the Secre-
I tarv Of the Interior and Commissioner q
Education the amount 80 paid into the treas
urv % the credit Of said etuca IioHai fund,
! the amount If said education fund aud the
/ amount Of interest due thereon at the close
of the fiscal year preceding such certificate
4 Section four provides that the Commission
. 81. n tho fuurz % d
the baeis Of population between be cges u
A.. four and tyyenty-0ue vcsrr, according - the
last preceding general census Of the United
States; but il Js provided that for the first
ten years the distribution Of the said fund
shall be made according p the ratio q che
military as shown from time % time by the
preceding published census o. the United
States.
Section i've provides that each state ans
territory saall receive It's share OF the first
apportiOnment after she legislature sbal
nave engaged to provide by law Tor the lre'
education Of all It's children between six ans
sixteen years of age
Section SIX provides that sum not ez
ceeding ten per cent. for other years, may
be used TO maintain schools tor the education
of common school teachers
Section seven enacts that each state anC
territory shall be entitled 60 receive ITS shaT
Of every apportionment after the frat whicl
shall have complied With the following con
ditions
First. That it shall have made the pro
vision for the education OF its children r
; ouired IN the fifth section Of this act.
Second. That IL shall have applied al
moneys by it previously received under TIM
act in accordance Herewith
Third, That it shalt, through the propa.
officer thereof, for the year ending ths
thirtieth day of June last preceding suci
, apportionment, make full reportOt the mum
Der of schools free TO all the children thereof
the number Of teachers employed, the mum
Der of schoOl-houses owned and the number
of school-hOuses hired, the total number o
children taught during the year, the daily
attendance and the number OF months of Tbs
year schools shall have been maintained II
each OF the several school districts or DIVISION
of said territory or district, aud the amount
appropriated by the Legislature for the pur
pose of maintaining a system of free publi
schools. . .-;s.. ,h., -. con