The Rutland weekly globe. [volume] (Rutland, Vt.) 1873-1877, 1873-05-23

more than the estimates for the entire
structure.
Then we had a grand patriotic commits
sion to represent the honor and dignity of
the United States at Vienna. They ped
died out rights to keep restaurants, and did
other little meannesses for which Gen. Van
Buren, and his tribe have been called home
in disgrace.
But when we came to real benevolence
and the education of the rising generation,
we had reason to expect that everything
must go squarely and honestly. Mr.. Nc
CURE has made a speech in the New York
Assembly, charging that Ezra Cornell
killed ever so many birds with one stone
in that matter. He gave the land to the
University on which il was built, got his
name made immortal by attaching it to the
University, and made great sums of money
out of the opportunity for a speculation
connected Herewith.
The history of the matter rs stated by
Mr.. Mcclure will be useful for It's general
information, if the particular charges
should not he sustained. That history in
substance is that in 1862 Congress donated
to the several states quantities of land
thirteen thousand acres for each Senator
| and representative to which each State was
entitled. While this gave TO Vermont 3d.
| 600 acres, which land was invested in
United States bonds for the support OF her
agricultural college, New York was not SO
honestly served, II we may believe Mr.. Nc
CURE. New York's share was 00o,OO0
acres. The state legislature accepted INC
grant, agreeing in the act of acceptance To
invest the money, according to the terms OF
the act, in stocks of the United States, oi
of some state, and to keep the principal
inviolate forever. In 1856, the Legislature
of New York created the Cornell Univer
sity upon condition that Mr. Cornell SHOULD
pay to the Genesee College $25, 900, ant
furnish a certificate that Cornell Univer
sity had fund of $50000 This certifi
cate was obtained from the treasurer of tin
University upon the filing of a bond for tina
amount payable in ten years, secured b.
$3.50, 900 of Western Union stock. Upol
the trcasurers certificate the whole fund o
nearly million acres of land was turne
over to Mr.; Cornell, without his having in
vested dollar of money except the S25
600 paid to the Genesee College, and til
next legislature returned that to him.
Seven years have passed, and all tn
State has to show for the land is person;
bond of Mr.. Cornell for $500, 900, an
some Buffalo bonds, state stocks, and oil
er property amounting to few hundre
dollars over four hundred thousand or 81
, hundred thousand dollars. Which of thcs
latter sums is not entirely clear from NJ
McGuires manner of statement.
E These facts or pretended facts were state
, by Mr.. Mcclure in speech opposing hi
to give up to Mr.. Cornell his person
bond for 100000, and to accept in i
, place, not stocks of state or of the Unitt
States, but contracts he had made out we
for the sale of 100000 acres of the lands.
! The project of Mr.. Cornell according
, Mr.. Mcclure, is to trade off to the lcgislatu
! for his personal bonds, contracts which
; holds for sales of 10000 acres of po
q land, leaving in his hands 100000 acres
q white pine lands in Minnesota and Wisco
t sin, worth $50 an acre, or $24, OO0,0O0
In 1868 Mr.. Cornell procured the pa
G sage OF law through the legislature f
s the incorporation of a company to devel'
e industry Into this company lis design
a to put this 100000 acres at 50 an acr
i The company to develop, &c, II we II
y derstand the drift of Mr.. McGuires arg
a ment, would pay the State of New 1ol
q the 50. OOO. 900 which that amonnt of lai
would aggregate at So an acre, leavil
, ..somebody," probably meaning Mr.. CO
| nell, to clear $22, 000,0 900 on the land whit
| was intended to educate the rising gencr
, ton. If this is true, the case is worse TIN
, Twced's, for it is defrauding children
( their right to education. In the compal
e to develop industry, Mr.. Cornell is 4
principal stakeholder, and some of his fal
I lily the balance of the stockholders
$ Mr.. Mcclure closed by demanding tn
! Mr.. Cornell and his accounts be investie
@ ton.
G Mr.. Cornell responds by demanding
investigation.
C A correspondent of the Tribune und,
t takes to explain for Mr.. Cornell but {
! defense is weak