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so long as he receives his semi-annual dividend of 4 per cent. By the Safety Fund Act, the Directors and Stockholders are limited in the sum they may be indebted to the bank, to $2000. This clause in the law is easily evaded an endorser of a note is not considered a debtor by such endorsement. It is only a liability, no indebtedness. Thus, the liabilities of a director may be $100,000 without any violation of the statute, and the money received on such endorsed note may be for his own benefit. He is only to change the form of the note, and the work is done. I have not discovered any violation of their acts of incorporation by any of the corporations subject to my inspection within the last year; if I had I should not feel it my duty to order information to be filed against the corporation. For in 1635 I directed a prosecution against the Essex Bank. On application, the Legislature refused to refund to me the money I expended in my endeavors to bring that institution to justice. I could not consider this act of the Legislacure in any other light than a disapprobation of my proceedings.

The conduct of the bank was also justified by a report of a Committee of the Legislature. A majority of the Committee were Bank Directors. See the Journal of the House of Representatives, 1835 and 1836.

JOHN S. PETTIBONE, Bank Inspector. October 8, 1840.

I have just received a letter from the Cashier of the Danville Bank, stating that he forwarded the state of the Danville Bank to Montpelier, expecting I should be there.

· J. S. PETTIBONE, B. Insp.

OK stating that he forwarded the casmer

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To his Excellency the Governor of Vermont :

In pursuance of the duty enjoined in title 9th chapter 19th of the revised statutes of the state, the board of commissioners for the instruction of the deaf, dumb and the blind, herewith make to your Excellency their annual report of their proceedings, with an acconnt of the expenditures incurred in the discharge of their duties.

In February last, in pursuance of public notice, the board convened at Royalton, for the purpose of acting upon such cases as might be then and there presented for consideration. With some few exceptions, the conductors of the several newspapers seconded the benevolent efforts of the legisla. ture, by a gratuitous insertion of our notification, for the ben. efit of that unfortunate class of the human family in our state, who, by the dispensations of Providence, are denied the use of the ordinary avenues to the mind, and who, from that circumstance, can take no benefit from the liberal appropriations which it has ever been the wise policy of this government to bestow, for the purpose of carrying the blessings of education within the reach of all the youth of the Commonwealth.

During the year past, no material alteration has been deemed expedient in conducting the operations of the board. In our action upon cases presented, it has been our aim to adjudicate discreetly as well for the applicant as for the state, in all cases granting an amount sufficient to cover the whole, or a part, of the ordinary expenses at the institutions, taking into view the ability of parents or other relations to render aid to the pupils—and in all cases requiring bonds to indemnify the state against expenses for sickness and clothing.

One member of the board has recently visited the New England institution for the instruction of the blind, at Boston, in the state of Massachusetts : also the American Asylum for the education and instruction of the deaf and duinb at Hartford, Connecticut; and was gratified to find the pupils from this state, in those institutions, in the enjoyment of ordinary health, and generally making a progress in their or


dinary studies, highly creditable to themselves and their several instructors—also giving practical demonstrations of a good degree of knowledge in many of the mechanical arts,thereby furnishing incontrovertible evidence, that this unfortunate class of the human family may be easily brought to a high degree of intellectual enjoyment, also to maintain and support themselves in after life, instead of being left either useless drones on society, or perhaps the victims of those vicious habits which seem peculiarly inseparable from our nature when left to a course of idleness.

The particular mode and manner of conducting the operations of the institutions at Hartford and Boston, perhaps cannot be better described than by reference to the annual report of their directors, copies whereof are furnished and transmitted by their boards of trustees to our secretary of State, for general circulation through the members of the General Assembly—and which afford to every discriminating mind conclusive evidence of the sound policy and correct views of economy on the part of the legislature in selecting these two institutions for the pupils of our state. (To meet the expenditures incurred by the discharge of our duties, the commissioners have, during the year, drawn upon the treasury, as follows

For the deaf and dumb, - - - $2,218 39 For the blind,


Total, . . . . . . $3,096 69
Respectfully submitted by L. SARGEANT,

in behalf of Commissioners. Manchester, Oct. 6, 1840.



To His Excellency Silas H. JENISON, Governor of the State of Vermont :

SIR-The undersigned, Auditor in the Treasury, in pursuance of the requirements of Law, has examined the doings of the Commissioner of the School Fund, during the fiscal year ending this 30th day of September, A. D. 1840, and reports the following to be a correct statement of the condition of said Fund, with a statement of the operations connected therewith during the past year.

It appears by my report made to your Excellency, on the 30th day of September, A. D. 1839, that said Fund on that day consisted of various sums annually received as applicable thereto and loaned to the State from the year 1834, inclusive to that time, not including interest, amounting to $76,513 81 Also of loans to individuals secured by note,

43,134 40

119,648 21

Making in the whole
The amount received from all sources during the

past year is as follows, viz : From Bank Dividends

" Pedlars' Licences
« Principal paid on School Fund Notes
" Interest paid in on do.

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7,886 86 Which being added to the fund of last year makes 127,535 07 From this should be deducted

891,59 Being the amount paid in of the principal of indi

vidual's notes, leaving the present actual amount of the School Fund, exclusive of interest due from the State and from individual's to be $126,643 48

Respectfully submitted,

CHARLES DAVIS. September 30, 1840.



To His Excellency Silas H. Jenison, Governor of Vermont :

SIR,—The undersigned, Auditor in the Treasury, in pursuance of the rocrements of the law, has attended to the duty of auditing and exam. ining the accounts of the Treasurer of the State for the fiscal year, ending this 30th day of September, A. D. 1840, and reports the following to be a correct statement of the operations of the Department during the year. State of Vermont in account with Henry F. Janes, Esq. Treasurer of Vermont,

Dr. To cash paid Debenture of General Assembly, - - $21,003 84

D. Pierce, Auditor, postage bill, - - 5 13 00305

Supreme and County Court orders other than to
State's Attornies, - -

- 22,460 50 Court orders to the several State's Attornies, 3559 69 Trustees of Insane Hospital,

2000 00 Auditor's orders,

8048 29 Fox certificates

1432 25 Bear it

205 00 3330 Wolf

180 00 Panther 5

20 00 Crow

2 80 cocoon and silk premiums,

360 71 Judges of Supreme Court in part of their salaries, -

5950 24 Deduct fees received in civil suits,

1742 63—4207 60 To cash paid Revisers of Statute Laws of the State, - 3500 00

W K. Webber, Quarter Master of 11th Regis nim

C omment of Vermont Militia, called out on nor-

thern Frontier, 00 008

1450 03 SE

other special appropriations by acts of the Le-
gislature, -

1605 78
drafts of commandants of regiments and of Ad-
jutant General, for expenses of drills, &c.,

4682 44 Superintendant of State's Prison,

2000 00 Governor Jenison balance of last year's salary, 85 38

375 00 “ in part of present year's salary, . .

300 00 . . F. F. Merrill, Clerk of House, two half year's salary, 275 00

J. A Vail half year's salary as Librarian, · 37 50

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