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Michigan State Education
But whatever may have been the motive, the fact is indisputable, that when schools and university alike were languishing for the want of funds, the policy was strenuously advocated by a class respectable in numbers, to hold the lands dedicated to them respectively, at a high price on time, so that, by the improvement of adjacent farms, the market value of those thus withheld would reach the asking price, and thus in future years posterity would realize a large fund.
The reply was in substance, that a quick sale at moderate prices, with the accruing interest for annual distribution, would overbalance all future advantages to be derived from a slow investment; and that the present education of our children was far more important than the creation of a fund for posterity. Those who remember that struggle, and the educational difficulties sorely besetting the interior settlers, will also bear the fact in mind, that the united and outspoken voice of the old pioneers contributed very largely to the final triumph.
University of Michigan
Page 12
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