Chap. 8, 



EDUCATION AND LITERATURE. 



143 



UNITED STATES DEPOSIT MONEY. 



ACADEMIES AnV GRAMMAR SCHOOLS. 



Deposit Money. — In 1837, congress made 

 provision for the deposit of ttie surplus 

 revenue, wliich had accumulated princi- 

 pally from the unprecedented sales of pub- 

 lic lands, with the several states of the 

 union in proportion to the whole number 

 of senators and representatives from each. 

 This was to be distributed in four quar- 

 terly instalments in the year 18.38. The 

 three first of these were paid over to the 

 states, but before the payment of the 

 fourth, the current receipts of revenue 

 were found to be insufficient for carrying 

 on the government, and congress ordered 

 an indefinite suspension of its payment. 

 The whole amount of the instalments de- 

 posited with the states was $28,101,644 

 97, and the share of this which fell to 

 Vermont was $660,086 74. This sum 

 was, by an act of the legislature, distribu- 

 ted among the several towns of the state 

 in proportion to their population. The 

 towns were to loan this money on suf- 

 ficient security and apply the annual in- 

 terest to the support of schools in the 

 same, to be divided in the same manner 

 as that raised by the three per cent, as- 

 sessment on the grand list. The several 

 towns are accountable to the state for tiie 



JVame, or Title. Location. 



Clio Hall, Bennington, 



Windsor County Grammar School, Norwich, 



Rutland County Grammar School, Castleton, 



Athens Grammar School, Athens, 



Cavendish Academy, Cavendish, 



Caledonia County Grammar School, Peacham, 



Addison County Grammar School, Middlebury, 



Franklin County Grammar School, St. Albans, 



Montpelier Academy, Montpelier, 



Windham Hall, Newfane, 

 Chittenden County Grammar School, Waterbury, 



Brattleborough Academy, Brattleborough, 



Dorset Grammar School, Dorset, 



Vermont Academy, Rutland, 



Essex County Grammar School, Guildhall, 



Randolph Grammar School, Randolph, 



Brandon Academy, Brandon, 



Dorset Academy, Dorset, 



Royalton Academy, Royalton, 



Franklin County Grammar School, Fairfield, 



West Rutland Academy, West Rutland, 



Addison Literary Society, Addison, 



Newton Academy, Shoreham, 



Union Academy in Hubbardton, Hubbardton, 



Chester Academy, Chester, 



Wallingford Academy, Wallingford, 



Windsor Female Academy, Windsor, 



Arlington Academy, Arlington, 



Union Academy, Bennington, 



Thetford Academy, Thetford, 



Poultney Female Academy, Poultney, 



Bradford Academy, Bradford, 



Vergennes Academy, Vergenncs, 



return of the moneys received, or parts 

 thereof, whenever it shall be required by 

 the treasurer of the state, on the requisi- 

 tion of the United States, or for the pur- 

 pose of a new division. The annual in- 

 terest on the deposit money in this state 

 is about ,$40,000, which if equally dis- 

 tributed among the school districts would 

 give to each about $20. 



Section II. 

 Jlcademics and High Schools. 



Besides the elementary schools which 

 are established by law in all parts of the 

 state, there are in most of the counties 

 several schools of a higher order, denom- 

 inated county grammar schools, hio-h 

 schools, or academies. In these are taught 

 the higher branches of English studies, 

 the mathematics and the elements of the 

 Latin and Greek languages, and here 

 youth are prepared for mercantile and 

 other business, for teaching, or for admis- 

 sion into college, or the university. The 

 following is a list of the institutions of 

 this kind which have been incorporated 

 at different times in this state : 



Incorporated. 

 November 3, 1780. 

 January 17, 1785. 

 October 15, 1787. 

 November 3, 1791. 

 October 26, 1792. 

 October \ 27, 1795. 

 November 8, 1797. 

 November 4, 1799. 

 November 7, 1800. 

 October 31, 1801. 

 November 3, 1801. 

 November 4, 1801. 

 November 9, 1804. 

 October 29, 1805. 

 November 8, 1805. 

 November 8, 1805. 

 November 6, 1806. 

 October 26, 1807. 

 November 11, 1807. 

 November 4, 1808. 

 November 1, 1810. 

 November 1, 1810. 

 October 21, 181l! 

 October 26, 1312. 

 October 30, 1614. 

 November 9, 1814. 

 November 10, 1814. 

 November 29, 1817. 

 October .30, 1817. 

 October 29, 1819. 

 November 11, 1819. 

 November 2, 1820. 

 October 24, 1622. 



