Teaching Indiana History PDF Download

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1892 edition. Excerpt: ... CHAPTER XVI. PERMANENT FUNDS. 1. Management of Permanent Funds. It will thus be seen that the Indiana School Fund has been gathered from very diverse sources, is unequally productive, and variously iranaged. The preceding chapters have aimed, primarily, to present the question historically, tracing the moneys from their origin as State investments, deposits, or proceeds, through their more important modifications, and chiefly for the first period. Some of the funds, as that derived, or supposed to be, from the sale of swamp lands, and certain of the contingent funds, resting upon more recent legislation, have been followed down to the present. This seemed necessary, to make the view complete. As has been seen, however, the new Constitution provided for the consolidation of all the endowments of elementary education into one "Common School Fund." In so far as this relates to the Congressional Township Fund, it had been repeatedly urged by Prof. Mills in his messages to the Legislature (1846-'50), and again in his letters to the convention. The experience of Michigan, admitted a State in 183, almost twenty years after Indiana, but with a school system from 1837, emphasizes the unwisdom of the Indiana policy during that first generation of Statehood. It was advocated also in the convention by friends of a State-controlled system, and particularly by leading members of the Committee on Education. Hence the provision of the new Constitution. Such policy, it was argued, would greatly simplify the management, the disbursement of revenues would be more economical, resources would be equalized for the State--the richer and the poorer localities sharing privileges and responsibilities alike--and the standard of general intelligence uniformly...