Having thus, in the history of the school fund, fully justified its

establishment, so in its history we find sufficient reasons for its
sacred preservation
Having thus, in the history of the school fund, fully justified its
establishment, so in its history we find sufficient reasons for its
sacred preservation. While other communities, and even other states,
have treated educational funds as ordinary revenue, subject only to an
obligation on the part of the public to bestow an annual income on the
specified object, Massachusetts has ever acted in a fiduciary relation,
and considered herself responsible for the principal as well as the
income of the fund, not only to this generation, but to every generation
that shall occupy the soil, and inherit the name and fame of this
commonwealth.


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