Total receipts as per foregoing statement,... The following deductions should be made from the above amount for bonds for lands transferred to the School Fund, from the funds named below, for an equal amount of money, viz: General Fund,.. Literature Fund,. $1,088,691 48 203,969 84 $2,063,250 91 U. S. Deposit Fund,. Canal Fund,. 117,560 66 The only grant of lands under water, made by the Commissioners of the Land Office, for which a remuneration was received, is the one to the West Washington Market, consisting of the Lowber property, the Hubert street pier and the pier at the foot of Watts street. The amount received for said grant was $300,000, which was placed to the credit of the General Fund. All other grants of land under water are for the purposes of commerce, or the beneficial enjoyment by the adjacent owner, and are granted to the riparian owner or owners, and no fees come to the State except fees for the patents. The following lots or parcels of land appearing by the record in the proper department, as having been acquired by escheat, have been released by act of the Legislature, viz.: "All the right, title and interest of the people of this State, in and to the lands of which Paul McCloskey died seized, acquired by e-cheat upon the death of Bridget McCloskey, his wife, or of the child of the said Paul McCloskey, being premises known as No. 149 Grand street, in the city of Albany, released to the brothers and sisters of the said Paul McCloskey. "And the title of the people, acquired as aforesaid, in and to the premises known as Nos. 141 and 147 Grand street, in the city of Albany, released to Mary Gannon, mother of said Bridget McCloskey, deceased." No. 116. IN CONVENTION September 10, 1867. REPORT OF THE COMMITTEE ON EDUCATION AND THE FUNDS PERTAINING THERETO. The standing committee upon Education and the funds pertaining thereto, respectfully report the following: 1 SECTION 1. The capital of the common school fund; the capi2 tal of the literature fund; the capital of the United States deposit 3 fund; the capital of the college land-scrip fund, and the capital 4 of the Cornell endowment fund as it shall be paid into the treas5 ury, shall be respectively preserved inviolate. The revenues of 6 said common school fund shall be applied to the support of com7 mon schools; the revenues of said literature fund shall be applied 8 to the support of Academies, and the sum of twenty-five thousand [CON. No. 116] 1 |