Bellows Falls times. [volume] (Bellows Falls, Vt.) 1856-1965, 1892-10-13

| IL we'll elulppcu, lut sOlultTS NOME StCuTeu,
the new asylum completed to admit one
| third its proposed capacity, and fully Oc-
cupied, and all of these will require constant
repair and possibly future enlargement, but
| their maintenance only is imperative; apply
ing the thoughts and suggestions that natur-
| ally arise in this connection, l believe it
| possible to secure such a reduction of eX-
penses as to satisfy all reasonable eXperta-
| tions. An even temperature in monetary
affairs is conducive to financial health.
Inspector of Finance.
From the report of the inspector Of finance
it appears that our savings banks are in a
healthy condition.
For the two years ending June
80, 1892, there has been an in
crease in deposits So 1914, 1 rs 81
Total deposits June 80, 1892 w "a ,674, 741 rs
Increase in number of de-
positors 1881
Number depOSltOrs resi-
dent in the state ~ II $3.50
Total number depositors SO,74O
The great care and prudence with which
these institutions are managed give increas-
ing confidence to our people, inducing them
| to retain their savings at home rather than to
| adopt the more hazardous course of sending
| them to distant point with all the
| attendent risks. l especially call your at
tention to that part of the report which refers
| to the omission in the law requiring returns
| to he made under oath, also to the necessity of
trust companies carrying portion Of their
profits to surplus. Several of the savings
banks have so large surplus that they may
deem it prudent to declare extra dividends;
| the present law for computing the same is so
complicated that it becomes imperative that
| depositors be divided into classes covering
different periods of time. With the vicisSi-
tudes incident to losses in BUSINESS, by de-
probation of securities or otherwise, it would
seem that in cases of this kind more pru.
dent measure would be to increase the sur
plus from 10 per cent of the deposits to 10
per cent of the same. The time should bt
changed when the inspector is required to
make his report. TO this end the date ough,
to be fixed from which the fine begins to run
against savings banks for failure to make re-
ports to the inspector.
The various financial institutions that now
make reports to the inspector, and receive
statement, use that document precisly as if
it were legal license to transact business,
with the Endorsement of the state govern
ment to solicit funds from our people, for
investment or speculation abroad.
recomend that change be made in this
matter in such way that the pocket docu-
ment will lie eliminated, and this means Of
temptation to our people avoided. The state
does not indOrse or recOmend these insti-
buttons; 1t simply says to them that if they
do business here they must file statement
showing their standing. Beyond this the
state should not be male to appear to be
party to any of their transactions.
Education.
The recent legislation affecting the schools
of the state has borne fruit in the greater in
| terest shown in educational matters, and in
some respects a more satisfactory state Of
affairs now exists. While it Is unwise to
| change our system too fro quently, think you
have further duty in devising ways and
means to elevate the schools of the state. l
believe that the school district, having super
vision under single head. should be made as
large as possible. In many places the town
system will give the best educational results,
provided proper school machinery with which
to work is furnished; but in some of the
smaller districts situated in the more sparsey
| settled communities this undoubtedly will
work considerable hardship.
In many instances the furnishing of books
and supplies bears heavily upon the parent.
A workingman with large family, having
to pay from S3 to s. per annum, for books
for each child, will be induced to remove the
child from the school at an earlier age than
he would if the books were furnished by the
town or district. In places where 1t has
been tried, this expense has been reduced so
4 low for each scholar per annum that this
feature alone should commend it. A caref ul
estimate of the saving to the people of the
| Sldle, DdSeu upOu W ldt Has UttI uOUt, COIl-
vinces me that more than $500 900 per year
can be saved to the people who now have to
/ bear this expense. The objection, if any,
| that will be raised against it, is likely to
come from property interests and the manu-.
| fac urer and dealer in school books; but is
not the duty of the state to the children
greater than their obligations to these?
The reports of the various county exam
liners, together with the recommendations OF
the superintendent of education, point out
ways in which further inquiry can be made.
! If it is possible for you to devise any addi-
tional means of improvement in any direc.
tion it will be welcomed by all.
University of Vermont and State Agricul
tural College.
This venerable institution. originally
chartered in 1871, has been the recipient OF
the fostering care of both the state and
national governments. At the present time
there are practically four allied schools the
academic, medical, mechanical and agricul.
tural, the practical operations of which are
clearly set forth in the report of the trustees
More than usual interest attaches to this in.
stitutiOn at the present time FROM the fact
that thorough investigation into the work.
ings of the various departments was made al
the last session of the legislature. when il
was sought to separate the mechanical and
agricultural departments from the univer
sity.
have made several visits to the institution
to acquaint myself with the progress that ha,
been made in the improvement of facilitie.
and methods for furnishing to the youths Of
the state all those opportunities which thei
ambition covets, near at home at a cost with
i'm their reach.
am favorably impressed with the presen
appearance of the institution, as well as tn,
hopes. expectations and ambitions of thu
, faculty. An institution of this kind canno
ha tab taha x.rvNl