Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1906-11-01

war claim fund, $24o.Oo0
The report says that If these funds are
united and brought under direct State
control and supervision, the income will
be available at once from SLID, 21s0 the
expenditure of said fus,d will be directed
by the State in tho interests of its common
schools. and thereby solidity and perma-
nency will be introduced into an educa-
tional policy of the State for the equaliza-
ton of school privileges and school taxa
tlon and the educational opportunity Of
our children, under the direction of our
Legislatures from year to year.
' The commission also recommend, in adj
dition to the combination of these funds
into permanent common school fuipl.
that the Legislature devote all or some
part of the Income derived from the tax
on collateral inheritances to this endow-
ment, and, further, out of tho common
State funds an annual appropriate, of
some definite amount, say $4,000, to he
added to the principal until its total SUN,
D at safe rate of interest earning. amounts
$ to 100000 of productive funds.
i In speaking Of methods Of investing the
e funds the commission says the Huntington
n fund is now loan to the state and the
f Cnhcd States deposit fund a loan to the
towns. both loar,s regarded safe, and thay
, see no objection whatever TO continuing
both forms of loans, under certificates of
e indebt edness to the common school fund,
, subject to change in amount in the case
: OF the Tilted States deposit moneys as the
e. character and terms of that fund require
= Both loans might be continued. as now.
provided only the income is made payable
I to the common school fund and made
amcnahlc to such laws Of ua~ and distrl-
! button as the Legislature may direct
The commission advise mat if the COM
hinatior Of these several funds, the Hun
tneton the I'.'tcd States deposit and the
t war claims fund, into a permanent en-
/ dowment fund for common schools is
adopted both STAG and towns be permitted
at any time to pay all or atIy part of the
principal OF their obligations 10 said fund
and that intcres- on such amounts paid
.
y
= 'e''''''7 SUI" pay ''''''' "a
their outstanding loans to said common
school fund endowment. the rate of inter
1 '' ''"'' WV" VI '''0' = an
% '"'' ''"'' W s''' pe "N' per cent upon
$ inc ''''o''" '' '"''r snare h'id by them
= ',''' % '''' - ''' '''s''n OF ni'ed states
i
h H. commission mas "ceea conscious of
t '"''''E more INA" thls' 'Iat the people of
i ''''''' "'' ~ ''""' 10 N''o any Iee'sln-
ayes VI ~ SCHOOLS II
'''' % .
' - ''
''''''
i '''
!, ro. ,,
co,,,h,ro,;o,, - ,,a ,.,
' c+ot., ,,o,,,.i. ..sr...
> create q foupd...o,, of oo,,,,o,, .o,o,,
. funds. amountiro IN S1no,s % aud that
-
the actual contra. ,f this. r,,,d will NJ o,ce
establish tho ha~ts for. .p .ffectivo educa-
tional policy Of state. cur local condi
tiers scarcely admit OF any COMPARISON
with other States. in sp,.o Of anv examl-
:. nation made into thor educational funds
We must solve our own nroble,, according
to our own needs ana D., IS true and y3.is-
factory that Vernon. has deere itsa,,
great honor hv itsNsttcn,lor to n,,bIio .,,,,-
, cation. its effective ros.ir,s in This der,o,i,,,
+ and lis contribution Of well trained man
. and women to other states.
i After speaking of various suggestions
j. regarding the distribution Of revenue
o from permanent school fund the re-
= port called attention TO the report of 1906
o by our present superintendent of educa-
n ton. In discussing the act of 1904. estah-
s ishing a permanent endowment Sinner
! intendent Stone save. 49,, .onno,o t,,,,a
v invested ,t five Not, ,, ,,.,,,,, ao.
8 ravar,,e -, s,,o o.., 49,. ..
: