The Vermont watchman. [volume] (Montpelier, Vt.) 1883-1911, 1890-11-12

that the first appropriation of $4,000 is now
payable, likewise the second appropriation of
$4,000 for the year ending June 30, 1891. But
Hon John W. Noble, secretary of the interior,
says the payments are optional with him, and
he will only order the first years payment at
first, and will see how it works, before the
second appropriation is paid. This precaution
against the misuse of the funds, or having
them stolen misapplied by any classical in
stitution, is taken by the secretary of the in
terror under the powers conferred upon him by
Section of the act of August, 1890. Under
this section,
The secretary of the interior shall ascertain and
certify to the secretary of the treasury as to each
the annual appropriation for colleges or of institu
lions for coored students under this act, and the
ivey to receive if The secretary Of the interior
shall withholda certificate from any state or territory
shall be reported to the President and the amount
involved shall be kept separate in the treasury until
or territory may, If 1t should so desire, appeal to
Congress from the determination of the secretary
the interior. III the next Congress shall not drec-
such sum to be paid, it shall be covered into the
law.
HOW MUCH MONEY FOR VERMONT.
1. The agricultural college fund of 1862 in
Vermont is S135, 800, invested in registered
state bonds bearing per cent and due in 1910,
yielding an annual income of SSl30; for 81
years this fund has gone to the University of
Vermont, which has thus received from the
agricultural fund $229,5l0 The income can
only be used for instruction in agriculture and
the mechanic arts. But 10 per cent of its
principal can be spent for sites or experiment
tai farms" (see Sec. ., act of 1862, also HOME
sTEADs of Oct. 1, II and 1S). This would give
Sl3,55O for buying real estate, which would
reduce the income from the balance of the fund
to $72l7.
.. The act of 1887 gives Vermont $4,000
w ipl N ha oOly fnpa m ant
station IN connection with the A. & M. college
Only per cent of this sum, or $3.50 year, can
be used for station buildings or repairs.
3. The third grant from the federal treasu-
ry is $4,000 for the year ended June 30, 1890,
which is now due; $4,000 for the present fs-
cal year, SIT 900 next year and so on until the
year 1900, when, and forever after, it will be
$4,000 year. This can be applied only to
instruction in agriculture, the mechanic arts"
etc.. and 'to facilities for such instruction"
The first two installments TO Vermont,
amounting to S3l 900 from this source, are
now due and payable and according to law can
be spent for equippng the new institution by
providing facilities for instruction"
A. 1t must he understood that these grants
are all from the federal or United States treas
ury, not cent coming from the people of Yer
mont or their state treasury in any way. Here
is how the financial side figures up:
AMOUNT GIVEN TO VERMONT TO ESTABLISH
For sites and experimental farms, S13. $50
For apparatus and other facilities
for instruction, $1,000
For officers and teachers, 7,211
For experiment station work, 1880
For station buildings, $50
Total from government for year
ending June 80, 1891, S66,767
Average amount from government annu-
ally for support, maintenance and
operation OF this college and station
for ten years ended June 80, 1900, S44,217
After 1850 the government promises to
tuition, s47,aa7
Here then is money enough freely given to
Vermont and wholly within the power of her
Legislature to buy the land equip the insttu-
ton and run it forever without expense to the
state. The only thing lacking is buildings
How much
MONEY is NEEDED FOR BUILDINGS?
Not less than $4,000 if the A. & NJ. college
is to be made sufficient for the demands of the
rising generation. Now one town offers to
give $4,000 to get the college. The state can
reckon on at least $3.50 from the town and
county in which the new Institution is finally
located. The favored town and county can
well afford to give $4,000. But let us make
all estimates on conservative basis. With
S25,00O given for buildings this would leave
only S50,000 for the state to provide. 1t
would not be necessary for the state to pay the
whole of this $4,000 the first year. But it
might be appropriated so that $4,000 could
be available for buildings the coming year and
the remainder in 1892. Thus for $4,000
year for two years Vermont conld estab
lish an independent agricultural and mechani
cal college which would never cost the stata
another cent. This S25, 900 year is mere
pittance compared with the advantages to be |
secured.