The School Fund,
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II will be remembered that tho last Legislature of this State abolished tho office of Assistant School Commissioner. The importance of that office will be fully appreciated by all who have read lhe report of the minority of the School Fund Committee.

 This report the Legislature refused to prini, although it contained iniormsuon important 10 be known to al! inieres'co in ilie prosperity Ot lhis fund. we oo@ tajned inc document from the Commlltess and published il in the Palladium of Fr!-' dny. We hpnrn from the report inat' much. of he reul estate upon which the Schoo, Fund has been loaned" IS inven- lor,ed considerabely above tho cash va'~ ue," Again the Committee say that ,bsy have reason 10 fear that "upon n ryid examination, some of the securities ,nnv prove indequate." They add fur:' finer ihnl "moneys arc freqisn!ty Ioanef upon land. the essential value of which Is wood and timber this liable to be, and in somo cases has been removed wltnout inc knowledge of the Commissioner, and the security has thereby become impaH- ed.

 The Committee have informed the peo< o,e of another fac. which they were not m uossc sion @, and which has been brouph, 10 light by the aid of the late Assistant School Go nmiss,onsr. uis iha; the ,i,le 10 about 2O00 acres of land ,nYermont is exceedingly doub'iu'. h. deed, it is thought by the Agent who has them ip charge, and who has recently in> vestigased the matter, that the title upon which the State can alone rely, IS that oi possession. while 70 portion of the tfact claimed by the State, i, is believed poS1 sessory title has been acquired ny o'he1s. I' appears that the aTrearaSes oi interest: Pa able al the treasury, amount 'o $'f,0~s Are arages on interest payaoie eisew.efe' the Committee have not been aoie so oesa'ns

 In regard to the policy ot the State m eutrus,ing the management of thtS immSnsS' fund ,o a single individual. the LommttteS justly exrr.ss surprise, ard show that It fs without a precstenI-and that however fai hful and intelligent a Commissioned may he, i. is impossible for him unassiS!sd, 10 dive the attention to all the affairs oF the Fund, which it's safety and propriety require. Yet the loco loco legislature by abolisntnsas rhe office of Assistant School Commissioner, has expressed its willingness, and its de~ termlnation to leave this School Fund iatts presen, condition, and so il wouldremaia ii the locos were to retain their power. Tine WhigS have greatly improved the conditions of the State Prison since il has been under their supervision and management g. in due. lime we doubt not that they will finpros q the affairs of the School Fund.

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