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MILWAUKEE COUNTY,

School.

Haven Powers John Carmody Edward O'Neil

Loan. 500 500 400

1,400

MANITOWOC COUNTY.

School. DB Knapp Fredrick Solomon Henry Bom

300 150 181

631

MARQUETTE COUNTY,

School. William L McKenzie WH Gleason AD Wright E B Craig A W Stow MW Seely WP Bowman George H Chamberlain Sylvester Wade Royal T Wells AC Beuham

500 500 450 500 500 400 300 250 200 200 158

Total

3,958 00

OUTAGAMIE COUNTY,

School.

David P Mead

500

PIERCE COUNTY,

School.

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Feb 17, 1854 Mar 21, do do 21, do

Interest. 30 22 35 00 21 70

86 92

Mar 2, 1854

do 9, do Oct 12, do

17 44 14 00 2 73

34 17

Jan 13,

do do 13, do do 30, do Feb 16, do do 21, do do 23, do do 28, do do 28, do Mch 4, do

do 4, do Apl 13, do

33 81 33 81 28 97 33 42 30 03 23 87 17 56 14 63 11 50 11 50 7 79

246 89

Dec 31, do

35 10

Jne 17, do

18 75

Mch 18, do do 18, do

13 71 27 42

41 13

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CS1ED0YGAN OUNTY.

School. II C Hobert Frederick Stacks Jares Ballwin L" Wright Elijah Dawley

WAL WORTII COUNTY.

School. Eleazer Wakely L Estabrook John M Esans Albon ll Perry WP Allen Thomas Gage Augustine W Dickinson

WIUKESHA COUNTY.

School. Anson H Taylor Robert Weir Henry O Wright Jacob Hern Benedict A Bovee Ransom Kesler Thomas W Pitman Stephen Platy JU Hilliard Robert Rogers John'A Rice Isaac Kate Robert II. McCarter John Williams ON Cole Homer Hard Israel McCanwell AL Castleman LB Seymour W H Thomas James O'Riely FMNaughton

Jany 16, 1854
Feb

9, do March 7, do do

13, do do

13, do

Loan.
300
500
200
100
250

Interest.

20 11 31 18 11 40

5 58 13 95

1,350

82 22

Dec 27, do
Jan'y 3, do
Feb

4, do Feb

1, do
Feb 13, do
March 4, do
Nov

300
500
200
500
500
500
275

21 17
34 81
12 79
30 79
30 80
28 74
2 65

9, do

2,775

101 75

do 24,

20 00 33 04 32 66 26 21 31 09 21 76 31 09

9 24

Jan 17, 1854 do 20, do do 24, do

do Feb 10, do do 10, do do 10, do do 13, do do 15, do do 21, do do 21, do do 22, do do 23, do do 25, do do 27, do Mch 6, do do

6, do do 15, do do 15, do do 15, do Apr 11, do May 26 do

300 500 500 400 500 350 500 150 500 500 500 500 500 400 350 500 500 500 500 500 200 500

30 61 30 03 30 03 29 94 29 84 23 71 20 55 28 75 23 75 27 69 27 69 26 25 10 06 5 48

9,650

554 47

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2,880

144 76 University. March 31, do SL Brooks

200

10 50 Total Loans from School Fund

73.663 73 " " University

9,125 00 By virtue of an act approved April 1, 1854, entitled "An act to authorize a loan to the University of Wisconsin,” the Commissioners have also loaned to that institution the sum of twelve thousand, seven hundred, and thirty-five dollars and thirty-three cents, ($12,735 33) out of the principal of the University Fund.

With the exception of the loan last inentioned, to the State Uniyersity, it will be seen that these moneys have been loaned to Individuals in sums varying from ive hundred dollars, the largest amount allowed to be loaned to any one person, to the least sum,

which is one handred dollars. For these loans we have taken mortgage security in conformity with law, and the mortgages have all been recorded. These, together with the evidences of title in each case and of its freedom from incumbrance, are on file in the office of the Secretary of State, subject to the inspection and examination of the Legislature.

The law upon this subject requires, that all persons applying for a loan shall produce to the Commissioners, for their inspection, the title papers, showing a clear and valid title in fee simple, without incumbrance, to the property offered in pledge, and not derived through any executor or administrator's sale, or sale on execution. Sec. 65, Chap. 24, Revised Statutes. It is also provided in this section that the Commissioners shall duly inform themselves of the value of real estate offered in pledge as aforesaid, and shall judge of the validity of the title thereof.

Sections 74 and 71 provide that no greater sum than five hundred dollars, nor less than one hundred, shall be loaned to any one person, and that no loan shall be made for a longer period than five years.

Section 76 provides that the sum loaned shall not exceed one half of the appraised value clear of all perishable improvements, and the commissioners may reduce the amount to be loaned, &c.

Section 79 requires the persoa applying for a loan to produce a and file with the commissioners a complete chain of title to the land offered to be mortgaged, and the certificate of the clerk of the circuit court, and register of deeds of the county in which the land lies, showing that there is no conveyance of, nor incumbrance on, said land, in either of their offices.

By section 80, the applicant, before he receives the money to be loaned, must make oath to the truth of an abstract of title to his land, and that there is no incumbrance, or better claim in law or equity that he knows or believes, upon, or to said land.'

These are the guards that the law has thrown around the loan. ing of the School and University Fund, and it is the duty of the commissioners to see that every provision of law above cited is

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