Richmond palladium. [volume] (Richmond, Wayne County, Ind.) 1831-1837, 1837-01-28

secondhand TIE residue IN the third 49,.
The first class to be compile ted first. ~. !. :
second. and finally the third. lmme6;.,%
upon its introduction u motion was 49,.
reject il, which prevailed by a vote Of :, .
%.
Fro" tho indianapolis DenocssA, Tuesday Ja.,,ca
For the last two days, the dieposi,ior a II.
plus revenue has been under discussion. n. -
reported by Mr.. Profit from a select coa,-:.'
provides that the surplus revenue shell be 49,
in the orssnized Counties Of the stale aecos:.s.
tbs taxable polls Of each county, resurped - 4
Auditors office for the year lS36-,hat !, ~.
shall be appointed IN each county, Who 49,.
II out at eight per cent. per annum to the CO.
OF his county, the borrowers paying 10 ile ~.
one per cent in addition TO the eight per cen, =.
compensation 20 The agent-the interest ,ee,,:s
TO the state to be appropriated for ten yea,s 1, ~
payment Of the interest or the state beoA.r-
loans now procured or to be procured lus -
lof internal improvement, and after that re,;Oi !.
the support Of common schools. The bin = :.
urday was taken from the table. Mr.. Vs.i,..
moved to amend by striking out the blu fr- =.
lenac'ing clause and inserting a substitute. e
substance OF which was, that one third Of the -
est 10 be applied to common schools, and The III
ancc as provided in the bill. Mr. Jones mnv.S.
amend the substitute Of Mr.. Vandcvee,. bv mr.
ing that the agent shall not loan more than e50as
any one Individual and the interest received 4, -
under The provisions ofths act, il shall be N. -.
TO deposi'e quarterly st least, in the branch -.
of the district IN which his county - situated. -
ject 10 the order Of the Board Of Internal Imo,.
menf, to be appropriated to tbs payment of the.
terest on loans which the state has or may h.,.f
ter negotiate for the purpose Of INTERVAL i,npea,.
ment. The amendment of Mr.. Jones Wa -
ayes 40, nays So. Mr.. Burke moved to .,pe.1 I,
providing that the whole interest after The ern,.
ton of ten years be appropriated 10 commoa seIo.
which was alsO lost-yeas 20, aau Il. NJ
Brown OF j. moved to amend by prusidiax hat N
the interest accrung to the state from the su,ulu.
revenue distributed among the several cou,ss.
shall be appropriated for five years to the paws
ufIhe interest on the loans procured os to b n
cured for internal improvements, and that q
third OF the interest after five years shall BE- aprl
TO common schools, and the remainder to iusespl
improvements; and after twelve years, TIE NJ
interest 10 be appropriated TO common sehsk
winch was alec lost. !-yess 81, nays55. NIL
ans then moved to amend by inserting pusa;a
appr"priating the entire interest Of the surpus ~
enue for six years to internal improvements Md
did not prrvail-yeas 30, nays So. Mr. Cmpe
moved to amend by providing that the entire iaaes
est on the surplus for three years, shau b
appropriated to the payment If interest the ~
lie loans; which did not prevsil-yeas ~, nays st.
The substitute Of Mr.. Vandeveer was adopiel-
, yeas So, nays 3S. Mr. Profit thea moved 70 ~
commit the bill to II select COMMITTEES with ins,sre.
tons TO strike out tho part which requires o.
third ofthc interest to be appropriated 10 ccmnn
schools fer ten years-which decided in ihe ~
> alive. The bill then eng.os-ed TOT . H.
readmg--yeas 81, nays %. On Monday, ,bs ~
] was again discussed and after one or two aasst
!, men,s, it was passed--yeas 63, nays %.
Both Houses have agreed To adjourn on The 4
!, Of Feb .uary.