802 



VERMONT. 



counts of the next year with these two items, 

 and adding the receipts from various sources, 

 amounting to $460,380.26, including $6,328.98 

 received from military stores sold, we have a 

 credit of $803,003.85 for the year ending July 

 31, 1874. Tlie payments of the same year, 

 including installments on the funded debt, 

 amounted to $397,188.20, and the balances on 

 the 1st of August were $37,932.36 belonging 

 to the sinking-fund, and $367,883.29 surplus 

 cash. The payments on the funded debt, for 

 the year ending July 31st, were as follows: 



Registered loan of 1874 $16,500 00 



Registered loau of 1876 2,500 00 



Coupon bonds of 1874 20,000 00 



Coupon bonds of 1876 26,000 00 



Coupon bonds of 1878 6,000 00 



Total $71,000 00 



The remaining liabilities of the State are 

 the following : 



Due towns. United States surplus fund $11,518 96 



Due on soldiers' accounts 13,424 46 



Due on outstanding checks 1,886 06 



Due on funded debt: 



Bonds due December 1, 1874. . . $50,500 00 

 Bonds due December 1,1876... 110,500 00 

 Bonds due December 1, 1878 ... 65,500 00 



226,500 00 



Due Agricultural College fund, June 1, 1890.. 135,500 00 



Total $388,830 48 



Against this are to be placed $5,671.44 due 

 on the tax of 1873, and the cash in the Treas- 

 ury, amounting to $405,815.65, making the to- 

 tal assets $411,487.09, or $22,656.61 in excess 

 of the liabilities. Of the liabilities $194,000 

 is in outstanding coupon bonds payable, 



December 1, 1874 $50,500 00 



December 1, 1876 109,500 00 



December 1, 1878 34,000 00 



Total $194,000 00 



and $168,000 is in outstanding "certificates 

 of registered loan " issued under the act of 

 1867 and the act of 1870, which sum includes 

 the Agricultural College fund. These certifi- 

 cates are payable 



December 1, 1876 $1,000 00 



December 1, 1878 31,500 00 



June 1, 1890, Agricultural College fund 135,500 00 



Total $168,000 00 



The State Keform-School, located at Water- 

 bury, was totally destroyed by fire on the 12th 

 of December. The property was valued at 

 $60,000. The institution was established in 

 November, 1865, and first opened for the re- 

 ception of juvenile delinquents in June, 1866. 

 There was a farm of 133 acres, and a chair- 

 shop and mill connected with it. The number 

 of inmates on the 31st of July was 145, and 

 the number committed during the year pre- 

 ceding was 41. The earnings of the boys for 

 the year ending August 1st were $8,598.42. 

 The current expenses for two years were $26,- 

 563.83. The average expense of each boy to 

 the State for the last year, after deducting his 

 earnings, was $85.27. 



An extra session of the Legislature was im- 

 mediately called, which met at the Capitol in 



January, 1875, and passed several acts relating 

 to the Reform-School. A sum "not exceed- 

 ing $30,000 " was appropriated for the purpose 

 of erecting and fitting up new buildings for 

 the institution, but the location was changed 

 from Waterbury to Vergennes, where the Gov- 

 ernor was authorized to purchase the grounds 

 and buildings known as the Champlain Arsenal, 

 at a cost not to exceed $11,000, and additional 

 land at a cost not to exceed $8,000. The prop- 

 erty at Waterbury, and such as cannot be prof- 

 itably used at Vergennes, are to be sold, and 

 the proceeds carried into the Treasury. A 

 second act provides for the transfer of the 

 pupils to the new buildings as soon as they are 

 ready, and declares that the proceeds of the 

 sale of property at Waterbury or Vergennes 

 shall be for the benefit of the Reform- School. 

 A third act provides for the admission of girls 

 not less than ten years of age, nor more than 

 fifteen, on the same terms and for the same 

 offenses as boys, but requires a complete sep- 

 aration of the two sexes in the buildings, " ex- 

 cept for educational and religious instruction, 

 and such recreation as may be allowed by the 

 trustees and superintendent at their discre- 

 tion." Other acts have reference to the legal 

 proceedings in cases where the penalty is a 

 committal to the Reform-School, make unim- 

 portant changes in the regulations of the school, 

 and provide for the payment of the extra ex- 

 pense occasioned by the fire at Waterbury. 

 An act was also passed providing for an en- 

 largement of the State-prison, and appropriat- 

 ing $12,500 for the expenses thereof. 



The Republican State Convention was held 

 at Burlington, on the 17th of June, and con- 

 sisted of 658 delegates, one for each city and 

 town, and one for every 100 votes cast for the 

 Republican candidate for Governor in 1872. 

 The nominations made were as follows : For 

 Governor, Judge Asahel Peck, of Jericho; 

 for Lieutenant-Governor, Lyman G. Ilinckley, 

 of Chelsea ; for State Treasurer, John A. Page, 

 of Montpelier. The platform of the conven- 

 tion, which, was adopted without opposition, 

 was as follows : 



Resolved, That the Eepublicans of Vermont again 

 affirm their adhesion to the declaration of the prin- 

 ciples and policy of the national Eepublican party, 

 made in its last national Convention. 



Resolved, That the events of the national campaign 

 of 1872, and the history of public affairs since, have 

 fully justified our party in its action, and have clearly 

 shown that now, as heretofore, it can be relied upon 

 to maintain and preserve the great results of the 

 overthrow of the rebellion, in giving and securing 

 equal rights to all citizens ; in spreading the prin- 

 ciples of real republicanism and just government; 

 in making labor everywhere honorable ; in protect- 

 ing the people against reaction in aid of the prin- 

 ciples or the "lost cause" and its friends; and in 

 guarding, now and in the future, the Treasury of 

 the nation from being depleted by claims for losses 

 incurred in the rebellion. 



Resolved, That while we hail with joy every step 

 toward permanent peace and obedience to law in the 

 States lately in rebellion, and pledge ourselves to 

 aid in promoting the welfare and happiness of the 

 people thereof, we do not mean to ibrget that the 



