Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1884-10-10

my fun appreciation and approval the follow
my from ms report. VIZ
- recommend the enactment Of Il distinct
code for the trust companies which >huH
clearly utlilr thclr powers under their char
ter. that there may be uu uncertainty IT. to
the my "stmCnt thit they may liWiuIiN make.
rs there Is no limitation Oi the amount of
LOAN, when may b" made, IL follows that the
cullrc assets of any Ird-t company may he
ludnCdtu one person or upon any CollHtcruls
winch muN be tnOhght to bC good bN the trIiS-
toes or director, of the time being. In Il few
instances have found loans to one person or
itrin, 10y Trust umpanius, oi over sixty thou
sand dollars My predecessor, in several re-
ports, called attention to the danger from cX-
cCsSlNCly large loans. suggesting that II would
bc safer to make loans ut mudclNr amounts,
scattered around in various localities, than
loans of twenty or thirty thousand dollar, in
ON" place, subject to OnIy one misfortune, t.
hazard the Who'll" amount
70 this sentiment heartily subscribe. If
the laws should specifically restrict loans to
any one person. corporation or company. or
'tS individual members. to some limited per
cCuta1c OF il> capital stocks or dcpO-lt-. ANA
should forbid any officer or trustee OF trust
companies and savings banks, borrowing
luld> oi the corporation or becoming surety to
it, tine result wOIld ur huncuclal.'
also Speciality commend the rCCOmmCnda-
tlunS OF the Inspector in regard to the Officers
ana bank examinations. ana tn" investments
OF school ana municipal bonds. to your cOu~Id-
Grafton. and recommend such lcuI~lati ion ON
your p.rt is Will tend to make available these
desirable safeguards in Tia" nl-t, and sale in
Education.
The paramount importance OF this interest
can NOT he ONCI1utcd, pWard~ ct seventy
three Thousand of our yUuu. using more
than one ulth ui our whOlc population, are,
year 10y year unCcrgoHL the training ANA
education which our common >cuoul. affords.
t puu tine character and oualitN of TINS -chOpl
its an institution ut learning and virtue, the
future character ANA QuulltN OF our state IN
~t1tutlon~ largely depend.
AND i'm It we arc nor moulding ANA shaping
TIA" future OF oar state alone, bat OF Others
event the influencing OF ul where the AugU-
American race are planting or pcophug new
states or cnlarEing the missionary operations
ana successes ri mankind III" world over.
II l. automatic IN American politics that
free institutions cannot suhNSt among an I'M
learned people, but must draw their life stIS-
tcnancc from the intelligence and culture OF
the MASSES which virtues cover and protect
them with an inpcnctrblc Wgls.
1t is for wise legislation to determine and
direct how the SUu,UDUUJ which is annually de-
voted to the common school education of
these youth, by direct taxation, may he made
to yield its best and most enduring returns
for the welfare of the STATE and for the good
OF mankind. Nor is it the large sum OF money
thus expended that robes this interest in It's
chief Importance
1t is rather the rich returns that we may he
assured Of to br Eh on the visions of coming
years if the annuity is wisely disposed and APP
piled, or, on the other hand, the disuppOint-
mcnt and despair that is the sure fruitugc of
our suffering this interest to anguish and die
simply because il is not made to progress and
keep abreast wit the current of the best re
Eulatcd states i'll tins regard
can 1t toe answer ed why NcrmOnt-onc of
the most nearly on-lnanutHcturlnE states
with Il foreign born population of only 4u,GH
ana with her district scnool system century
old, and not crumpCd or diverted from It's
hlghrS, usefulness by ANY IA liCul Legislation
Or experiment Tor Il change. ANA with an en-
forced llbClulitN in expenditure OF money III
the Interests OF education almost pruNCruiu
can it br explained why She should staId
81 tar behind thu>c states winch have never
adopted that sl>tcm or have long ago auan-
dOn"d IT for the town y stem:
\ careful examination and comparison OF
the various tables OF iliitcruCN among the
states of New England and the West, coupled
wltha consideration of such surroundings am
data ls are proper to rightful comprchell
sion of tine subject and its causes, must surely
lead the honest NcrmOntcr to inquire, where
fore are we being left behind in the results o
these dssimilur applications of our zeal an'
wealth for the increase and diffusion OF edu
/ cation among our children!
The limits of this communication would
/ prevent, ana ITS proper scope ana purpose
/ perhaps, forbid the trenching upon the hclt
of argument upon the merits OF the possible
| remedy tor this what has seemed to me- eNl
| dent miSappcation and waste OF some ol gu
| wpalth and some of our otherwise most fruit
/ tu energies under the iucquitablc and Varlc'
district System;' but should at least pre-
sent to YOU as my earnest convection, ana az
/ confidently recommend, that some measure ID
adopted AT your instance looking to the unl
NcrSul establishment OF the town system o
schools in the near tuturc-as PROBABLY tn
most promising of practical and perinalcn
good To the house of common school education
and of the reformation OF many OF the exist
ing evils which now hundcup and thwart IT
largest hcncicCnce.
/ This system is of no new dcViSng in its advO
CaCN in our state, but began to he adopted a
organic law, and, Us of course, in some OF the
new states near Il half century ugu-und In
become the prevailing usage OF most II not al
of our STANDARD educational states through
out the west and north central portions OF ell
country.
| believe that wherever the system has com
into state or town, II has invariably come
stay.
The disastrous effects and COncomtantS q
the District SlstclI, 50 tea >clA summarized T.
our National Commissioner of Education
"'rhc small schools, the short terms, the inca
gcr salaries. the cheap teachers, the lnCcr
SAINT change, the multiplicity OF lncompctcl
and irrc~ pOnSibc officers, ana instruction dt
void of spirit and lacking the conditions nee
Ic->urytO steady prugrcssluu'-scc seem 10 ma
cate, and the successes of the Township SN'
tenn wherever adopted concur thcleinl tina
the time has come when the Legislature q
Vermont should meet tine demand for
change.