Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1877-01-18
bonds commencing five years from
that date - ff. sktE &

] III 1000 anu 1Oot eHuOTsSu Dy tue
Governor of the State. After q
careful examination Of the archives
OF the State / have been unable
to find any mortgage upon the
stock of the city Of Memphis in
said road, or upon the iron and
equipments of the first division of
| said road. Iihave caused search
to be made also in the Registers
Office in Memphis, and in the prop
er offices in the State of Arkansas,
for some registration of such mort
cages, but without avail, and ! can
find no evidence that such mortga.
ges have, in fact, been made. The
execution of these mortgages, and
providing ef sinking fund were
| conditions precedent to the right
| and power of the Governor to en-
dorse said honds, and the liability
of the State did not attach in the
absence of a compliance with such
conditions"
/ am satisfied that the mortga-
ges referred to by Gev. Brown
were never executed, and that the
State has no lien, as is assumed in
resolution 72. .
Holders of these bonds endorsed
by the State have demanded pay
ment Of the past due interest, and,
without any Legislative declara-
ton on the subject, ] have not
hesitated to say the State was in
no wiseresponsible fer its payment,
or for the payment OF the bonds
stmaturity. ss7a
sCPERIETESDEsT OF PUBLIC INsTRUc.
TON. = g.. -
I commend to your earnest con-
sideration the report of this Off
Ger, herewith transmitted and to
his more elaborate report OF year
ago, copies of which will oe fur
nished you. The present incum-
bent has been Jealous and untlr-
Ing in his efforts to advance the
cause of education, to popularlze
the common school, and to teach
the public that it is to that agency
we must look at last for the dlffu-
sion of that noble lesson of our
own State Constitution, "that
knowledge, learning and virtue
are essential to the preservation
of republican institutions.
The reports of the Secretary OF
State. the Librarian, and SuPerin-
tendent Of the Capitol, are trans.
mitted for your information.
STATE NORMAL COLLEGE.
Under the act of March 23d,
1875. | appointed J. d. Lindsley,
Edwin IL. Ewing, Samuel Watson,
K. w. Mitchell, l.. G. Tarbox, and
John j. Reese as the State Board
of Education. Recently, j. w.
Hoyte and Leon Trousdale were
appointed members of the Board,
vice Samuel Watson, deceased,
and l.. G.. Tarbox, resigned:
The Board of Trustees of the
University Of Nashville gave to
the State Board the use OF Its
buildings, and the school was 10
Gated at Nashville.
The Board of Trust OF the Pea
BODY Education Fund donated to
the school f,r the first scholastic
year the sum Of So, ,000, ,and SO 600
tor the present year. The school
is now in successful operation un'
der DR.. Eben S. Stearns, as presl-
dent, with corps Of competent
teachers, and is first class instl
tuition for the education OF teach
ers. 1t has not been a charge up
on the Treasury or upon the peo'
ple of the State, and furnishes
gratuitous instruction to all COM
ers. The institution is supported
by the Peabody Board of Trust.
This support will be Withdrawn
at the close of the present scho-
lastic year, ahd l earnestly appeal
to the General Assembly to pro-
vide the means necessary for It's
maintenance, not by o new levy
Of taxes, but by the appropriation
of $40, 900 of the school fund now
provided by law. The withdraw
al Of that amount will add mate
rially to the efficiency of the pub
lie school system, and will main
tain an institution full of promis'
ing results to the educational IN
terests of Tennessee. The great
defect of our school system is the
want of competent teachers. This
school will supply this want, and
furnish them from our own peo-
pie. 80
For the history Of the opera
tions of this school | refer to the
report of the State Board of Eiu'
cation made to the Superintendent
of Public Instruction.
BUREAU OF AGRICULTURE, STATISTICS
AND MINES.
In Transmitting the report of