Richmond palladium. [volume] (Richmond, Wayne County, Ind.) 1831-1837, 1836-12-17

Culture receipts - The sxtinguishaaens q
the interest Of slbs loans obtained 70 carry or
n pesiod Of Mr.. Keigwin's superintend
anee besag aboat to expire, the duty Of farm
- out 1ho state prison for another term o.
Eve years dsvolved on The Governor since
your last meeting. For that purpose notices
we're ;asued. invsting proposals from the pub
IL. ana at ths appointed time the prison with
"a ;nnaasss and appcndages were awarded 70
MesDrs. Patterson + Hensley on their bid Of
eiebtsen thousand one hundred dollars TO the
etste, they to clothe and feed the convicts,
md Be- governed by the law regulating the
police Of the prison, ~ well % their own con.
duct. The report o. tho Visitor appointed
70. this year. row 10y before nS s; you: ;,rov.
ments directed by law, in and about the Cap
itol. have been made under the superintend.
ance Of the Treasurer Of State; and the Sen.
ate Chamber nnd Representative Hall, Court
Room, Library and tho various departments
have been provided with such furniture ns
was necessary to render them comfortable
aaA convenient. The law punishing idle and
viojo 10 persons for making. defacing, or 9th.
sSWiss injur,ng the building expired. and was
not revived at the last session. ana a. some
penalty has already been needed 70 restrain
such offenders, the subject will require tho at.
In iss vssfulncss and In the high reputation
Il = rapidly acquiring, the State College nj
BloominQton II meeting the expectations Of
ths public and 10 achieving all that was prom.
iced BY IL ardent friends and advocates. Its
patronage from our citizens and from those
Of other states IL increasing. which IL the
best evidence Of it, merits. Reared % u has
bsen, % favoriso institution, and partoking
81 does Of State character, nothing should
b omitted that II calculated 10 elevate It's
standing, Increase IL prosperity and extend
10 ussf6lness. With that view I suggested
81 our last annual meeting the propricty Of
bsstowing upon u tho character and cndow.
msnss ofa State University! and a. time
and reflection have confirmed tho opinion
then advanced now renew the fecoinmrn.
dalton.
The 0tnls t)ank Il IL believed, Ii su,scr.
wing oil the valuable purposes for which N
was established. ny lis issues, a large n.
mount Of our circulation II supplied, thc In.
nuemce Of which, upon Tie price of produces
and other property, y every day nppare nj.
lls resources are ample. A. you Will perceive
standing lhs late demand for specie, The
quantity In w vaWIis.eA0spi for short periods,
las not been materially diminished, nhd from,
lhs report Ut the condition Of other Hanks, IN
made u thA Secretary NJ The Treasury 0r The
United HlAles, ths means Ut 0Ur ltahk viii
bar 4 favorable comparison WIN RNy other.
O1lla highly prosperous condition, w have
satisfactory evidence IN ths dividend NJ ten
!:s cen" S.: Ts%" %h @s " On ~.
~ be--A State Hank, The State, 0f the
People, nov. own eight hundred and sisiy::nve
lheusw,sA dellavs Of Tia capital paid IN, which
was borrowed a. an interest 0f i've per cent.
md On which We receive an interest IT ten
psv cent. veallsiRg 10 The State p!eAt Of a.
bout 100000 per year. The profit we 70.
ssive on our sleek viii ray OF the debt when
which Ascending to The Hank Charter is 10 be-
sst apart fov the support Of FREQ schools. IN
iey tkis view Of the subject, II will be tho du-
y OF every good citizen to support the Bank {
il oil its lawful pursuits, and any unncccssa.
y assault or effort to cripple its prosperity,
Dhould - viewed ~ an assault upon tho in /
|srsst Of the People. Bot ON the other hand, ,
he legislature should look into iis conduct =
md scTutinizo every act, and for every dere. c
ictioa Of duty, or infIaction Of charter, or il q
conducted for selfish purposes, partially or n
its officers should DO promptly ex- a
,ooed, dismissed, and punished.
T6o peTplexing and dcrangcd condition Of !,
10 currency and unsettled state Of the mon-l =
y masket IN the Atlantic Cities combined in y
making tho past season most inauspicious I
me for our Fund Commissioners in their me- a
!otiatious for the loans contemplated by law. {
The members Of the Board visited the East =
m cities several times, and delegated one !,
4 their number, DR.. Coe, to remain there TO 4
'val himself Of any opportunity that might
,l5eS. The efforts Of the Board resulted in .;
Ibtaining funds sufficient for our purposes, n
mt not ON terms 80 advantageous to the =
tate - our former loans were. The first !,
we're procured at par on our bonds bearing G
i've per cent interest, amounting to five hum
IRoS{N kNrvnV md I'LL t. ~
iation Of one million and twenty mine thous- h
md dollars 1t the same rate Of interest prc- :;
niu0 Of one dollar ON the hundred was re- -
:eived. An arrangement was made for thei
lsposite Of both these sums with the CITY :,
Ranks BY which tho state receives five and =
I've and . half per cent. interest until called -
=. OF the whole sum borrowed four hum :,
- - "