Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1884-10-10

by the Treasurer on Aug. aggregated
$685., $685. 90. In addition TO this, the
State Treasury holds the United States
deposit money or school funds, to ere
dit of various towns, to amount of S13,
397. 90.
The Treasurer has also received from
the executor of the will of Alvanah
Huntington, late of Brantford, p. o.,
1905, 111.29, the amount to which the
State was entitled under said will, and
deposited the same in the treasury.
The Legislature IS called upon to take
such measures as will insure the proper
investment of this fund, and thus Sc
cure it for the end and purpose sought
to be obtained by the testator, i. e.,
for the support of the common schools
of Vermont. Quoting from the Audi
tors report, the Governor gives the ex-
penses Of some OF the State depart
ments for the year, among them the
following: State Prison, $40,027. SO;
Reform School, $29,S10.52; House of
Correction, SIC 500 IA; militia, $37, 457.
So; asylum, $7O,327.55. In all of these
departments the amount expended
was less than for the previous year, ex-
cept for the militia. During the year
the Auditors orders amounted to
$500, 6S7.30; court orders $50, rs:
net court expenses, 89,41S.S8; fines
and costs collected, $50, 313.2G. The
message says that much has been done
in the matter of expense reform, but
much remains to be done in this re-
forinatory process.
There are "a savings banks, savings
institutions and trust companies in &C
tive business in the State with 1887
depositors, holding deposits aggregat-
ing $13, 724 ,291.53, of which amount
81 1927, 1OO7S belong to resident depos-
itors, and $2,394, 21S.75 to non-resi-
dents, average amount deposited by
each, being $299.35, or about one-third
less than year previous. There are but
272 depositors having to their credit
over $4,000 each. The recent law sub
jecting the excess of $500 of this indi-
vidual deposit to taxation has decreas-
ed the number of heavy depositors,
gratifying result. OF all the savings
banks only one passed its dividend.
These dividends have varied from four
to five per cent. The Inspector of FL
nance recommends that law be en-
acted defining the powers of trust CON-
panies under their charters, that there
may be no uncertainty as TO the in
veStments they make. AS there is no
limitation of the amount of loans that
may be made, it follows that the en-
tire assets of any trust company may
be loaned to one person. 1t is safer to
make loans of moderate amounts.
The result of restricting loans would
be very beneficial. The message
speaks OF education as being OF para
mount Importance, inasmuch as u, 1000
children, or more than one-fifth of the
population of the State, are undergo
ing training which til 9 common schools
afford. 1t is for wise legislation to- de-
termine and direct how the $G00,0O0,
which is annually devoted to the COM
mon school education by diYect taxa
ton, may be made to yield its best
and most enduring results. lie says
of the disastrous effects of the district
system, so tersely summarized by our
national commission of education
The small schools, the short terms, the
meagre salaries, the cheap teachers,
the incessant change, the multiplicity
of incompetent and irresponsible of1ic-
ers, and instruction devoid of spirit
and lacking the conditions necessary
to steady progression,-seem to indi-
cate land the successes of the township
system wherever adopted concur there
in( that the time has come when the
legislature should meet the demand
for a change.
The message contains brief recon-
Gmendations affecting the several State
institutions, and closes by calling up
on all Legislators, while avoiding I'M
! due haste and incomplete elaboration
to perform their work with dispatch.