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Updated: June 17, 2025
Bonds based on the security of the land-grant were issued to the amount of $25,000,000; $10,000,000 of this issue was sold in 1881 at 92, and varying proportions of the remainder were used as pledge for the government loans or execution of the contract. These bonds were redeemed and cancelled as the lands on which they were based were sold.
The university affairs, so far as the land-grant fund was concerned, seemed hopelessly entangled with his own and with those of the State: it seemed altogether likely that at his death the institution would be subjected to years of litigation, to having its endowment tied up in the courts, and to a suspension of its operations.
Practically every state and territory in the Union carries on institutes under some form or other. In somewhat more than half the states, the authorities of the land-grant colleges have charge of the work. In the other states, the board of agriculture or the department of agriculture has control.
The advantages of the land-grant system are yet insufficiently appreciated in Australia, but in this system I believe there lies an enormous source of wealth.
The probability is that the impossibility of selection beyond a certain area will be recognised, and special inducements will be offered to persons wishing to depasture unused land in the centre of the continent. There is some talk of a trans-continental railway between Adelaide and Port Darwin, which a syndicate has offered to construct on the land-grant system.
It is true that these erroneous teachings have been opposed or ridiculed in Europe; they have been denounced by the Association of Official Agricultural Chemists of the United States, and rejected by every land-grant college and agricultural experiment station that has been heard from, including those in forty-seven states; and yet this doctrine, emanating from what should be the position of highest authority, is the most potent of all existing influences to prevent the proper care of our soils.
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