Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1838-01-06

The Legislature in passing upon this iJcc'
last winter, seemed to have passed the act rcquir
ing the Treasurer OF State 10 distribute the two
FIRST instruments among the several counties, up
on the assumption that the money to be deposit
cd would bc paid at the seat OF Government; as
no provision was made by law for obtaining the
funds from the distant Banks upon which drafts
were sent.
1t vii! Lc perceived that the drafts were alto
r.:hor on the river Branches. To have given
checks to the Agents on those branches, would
have greatly postponed the loaning of the funds,
causing crca, loss of interest; besides many OF
the Agents would have refused to incur the OK
pense Of the additional. j ,urncy to the river. and
the money would have remained unproductive III
the vaults of the D.nks.
With Il view of obv.a,ing the difficulties which
,hus p-cscntcd themselves, the undersigned de-
c.u,incd 50 soon the apportonInent among the
different counties could be made, and the neces-
sarv forms prescribed, to go in person TO the sew
cral Branch Banks for the funds.
| accordingly IN ldc two trips TO those branches
on nav own expense AMI resPons ibi!iv, to bring
the funds to indianapolis, in part, aud to other
wise dispose OF the balance IN such other branch
Cs as would be most convenient 10 inc agents en-
titled to draw the s.n1c.
P-csuminr that it would be desirable to the
borrowers to have portion Of the funds IL specie
and con, cnient also to the agents In making
chance I addressed letters. cvionsly TO leaving
indianapolis, to such Of the receivers OF public
moneys as knew deposited in those branches on
which drafts were drawn, requesting them to
hold UP ,hoir deposit few days, until could
make some ARA nsemcnts with the depositc Is inks
nv which the specie could lie left at different
points in the interior. to be distributed to the
.oan.ng agents. b. this arrangement portion
Of specie was provided at the different points Of
disbursement
twill he seen BY the accompanying abstracts,
of Irfrr
,oaniny agents is 8 Is, l2S co and that The amount
p,id O. or to them school con'Iiiss oncrs is 45.
i51 81 twill &c seen also, that the main por-
,ian Of the money hiss been loaucd persona
security, being SiSi .562 on personal and STD,
fiO4 on morig ged security. In the further ope-
ra;ions of this fund, in the collections which 1t
will doubiltss become necessary 10 enforce by
law. and the various questions which may arise
in the Management OF 50 large al interest. much
legal advice will be required TO the agents, and
in man. prosecutions, The service. Of an attorney
will DC required.
II is respectfully suggested whether the public
interest would not be much better secured. by
making il the special duty Of the Prosecuting al,
to.nevs TO attend TO the matter part Of their
Official obligation.
1.-The duty should be considered too oncroYs for
their present compensation (of " hch think there
- no doubt) ii would be economical to give them
srch increased salary as shall be commensurate
with the increased burdens imposed, rather than
sul iect the state the payment Of fees for such
accidental an individual services in the several
counties IS would be indispensable, if left to the
discretion Of agents to employ council coniin-
gencies might require
The abstracts contain the operations Of the
several agencies, but for two quarters Of the past
wear. IS the lst quarter Of the financial year had
Ella psed before the agents received the funds, and
the reports for the 4,h quarter no; sufficiently
complete tn cmbody ia the present report. bu:
will &c embraced in the report which INA: he sub
mitted at the cext session.