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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 1694   View pdf image (33K)
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1868.] OF THE SENATE. 283

bursements for the fiscal year ending on the 30th September,
1868, at $240,000. But as this item is covered in the esti-
mate of approximate receipts, it is already accounted for in
the deficit, for which this Legislature is called on to make
provision.

The payments on account of bounties for the fiscal year
ending on the 30th of September, 1867, amounted to
$335,397,56, which, added to those made during the years
1864, 1865 and 1866, will sum up the large aggregate of
$4,196,864.25. Of this amount there was received from the
sale of bonds, repayments from Bounty Boards and County
Commissioners, and from the tax of ten cents on the one
hundred dollars, authorized by the Acts of 1864 and 1865,
the sum of $2,364,107.94, showing the amount paid out of
the Treasury during the fiscal years from 1864 to 1867, both
inclusive, in excess of receipts from above sources, of
$1,832,756.31. This large amount stood to the credit of
other funds, and the present financial condition of the State
attests the great advantage she has derived from having at
the commencement of the late war a large margin in her
Treasury. The only addition so far to the permanent in-
debtedness of the State has been incurred in the issue of her
bonds to the amount of $501,000, and the further issue,
under the Act of 1867, of the amount of $100,000,—which
was appropriated for the relief of the suffering of our sister
States of the South—making together $601,000. With this-
addition, though under the circumstances not large, to the
permanent debt, and an exhausted Treasury, the Legislature
are called on to act with more than ordinary caution, and
guard every avenue of out-going, in order to bring the ex-
penditures of the State within her revenues. For the educa-
tion of her people, through a uniform system of public in-
struction, your committee are unable to see how, with any
proper regard to her high responsibilities, to make the most
liberal educational provision, they can ask any reduction in
the amount of appropriations heretofore made for this pur-
pose. Her advancement in knowledge and social refinement,
as well as in wealth, and material prosperity, will be best
secured by the moral culture and mental development of her
sons and daughters. The economy which would withhold
the means from these ennobling and beneficial ends is falla-
cious and must result in impoverishment, degradation and
decay. The State must rise to the highest requirements of
her duty, and make such provision for the education of her
children, as will place her among the foremost of her sister
States, and offer such advantages to her youth as shall retain
them at home in her own seminaries of learning. They
must be educated under our social influences and views of
government; and in a pecuniary point of view the State
should not be drained of her wealth to educate her sons in

 

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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 1694   View pdf image (33K)
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