Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1838-12-08

piish this. than Join IN a crusade against the
Bank! The Bunk! Why hostility 10 the Bank
OF Banks has become, III These latter days, a kind
OF universal panacea--a cure for everv disease Of
political principle the vilest iep of Federalism
may even be made Whole by it. With such and
so many temptations, therefore, before him. would
II not be safer 10 limit his discretion somewhat; to
define bv law. the proper sphere OF his action
IN word, to furnish him with instrument that |
he may use whenever charges and complaints are
preferred against the Bank to enable him 10 de- /
termine before he acts whe Iher there be anv inst
foundation tor them or not. He himself. cannot
do TINS; but YOU NAV; he cannot PROFOUND 10 1t IA
single question; but You can; can appoint an !
agent and can cothe him with sufficient pow er 10
make any investigation desired: YOU can compel 7
this Agent To report the result of his irvestiua-
tons, both to the Legislature and the Executive I
and To hold himself in readiness enter a, a mo
menis warning, any Branch whenever directed
by the Executive and To examine the grounds of
any accusation that may be lodged with him a
gainst IT. To me, this appears decidedly The bet
/ ter course: better for the Bank; better for the
people; and better for the public generally. The
Governor would then have something substantial,
upon which TO fix his reasons OF beliei-the facts
reported by the examining Agent; and, above all,
would tend To insure u close, cautious and rigid
administration of the Bank affairs. For none.
surely. with such Il rod suspended over them.would
dare for moment to transcend their powers,
practice fraud, upon the community. The Bank,
!
ated for their convenience and benefit, and should
on that account, be conducted attain these
ends. 1t ought therefore. to be held responsible
To them, and thrown open al any and all tunes TO
their scrutiny and examination, when sought for
in the right Indeed, | nave doubt but
that the Investigations already had have been of
great service, both the bank and the public; for
while :hev have rendered it's officers mere care
fl.i and dlgent in the discharge of their duiies
the Bank has lost nothing III the estimation and
confidence of the people.
Among the several items which | have enumer-
ated as composing one important portion of the
States wealth IS the 294.62 acres of land es,i-
mated by me to be worth ,767 ,744 dollars. How
this happens from what source il springs may
possibly need some expianation--we derive title
to it from act of Congress passed March Bird,
1927. This act grants TO the State of Indiana
''for the purpose of aiding her IN opening canal
"to unite at navigable points the waters of the
"Wabash River with those of Lake Erie, IA guam
"titv OF land equal TO half of five sections in
f ''width each side of said canal from one end
hercofto the other to be disposed OF by the Leg
'isiature of the State, for that purpose and no
'other Subject to the following condition that
i ssaid canal shall be commenced within five years
# 'and completed in twenty years. the State
l. ''shall be bound to pay the United States the
J. ''amount of any lands previously sodn This
!? grant the State accepted she commenced the Ca
1t nal within the five years and consequently en,i-
e titled hersefto all the benefits growing Of it,
d But the act, you perceive, names certain guam
is tity Of land which the state may take and dispose
lie of:-and this is likely aston difficult
a. ty-it merely establishes the rule by which tina
" quantity NAV he ascertained. Ii must he eIua
lie TO one half of five sections in width each side
to the canal from one end of 1t to the other. Tn,
tv length of the canal therefore must be the grea
err governing point; for evidently, the greater tn
ed length is the greater must be the amount of lam
II the state will be entitled to. Again the scor
- r---:---- Ct -. FL, 81
it neither fixes the navigabe points TO be united
ne limits the length o. tie canal but leaves then
he both open be afterwards settled by another
sr- thoritv. The question then occurs To whom la
nix this authority been given? Or in other words i
of whom IS the right 60 locate this canal vested?-
he In Congress? In the President of the Unite
lrs States, Or in the State of Indiana? Unique,
80 tonably in the latter The act expressly give
his ii to her; for these its words, ''that
de ''the ofthc canal shall be located and agree
he son by the State, it shall be the duty of the Coz
,ut sermon thereof or such other person persons
to ''may have been shall hereafter be authorize
he ''to superintend the construction Of said canal
res "examine and ascertain the particular lands
a switch the State will be entitled under the pr
ers DIVISIONS of this act and report the to II
,y- ''Treasury of United States" There is certain
ou no ambiguity here the right of Indiana 10 loca
cir the canal and consequently to fix the navigah
ne points, well To determine its length cam
lev for a moment be gain SAID. Has Indiana then e
csc ercised this right, Has she in the language
all the act located and agreed on the route of the
nts nal? She has, and as her statute book shows s
en- has fixed its terminating point nj Terre-Haute
ry the Wabash river. Who then phjects 10 this ?
de, Or rather who has right to object TO this? c.
I've gressa The General Government? Meth
tier provided Te-re-Haate is at a navigable point
ev- the Wabash River. Perhaps it may be asked
err there no reser, atoms whatever, to be found
ten this in favor Of the United States? There
,uld two and but two. 1.-The right Of way; and
han ''alternate sec tons from end Of the Canal
re- ''the other to be selected by the commissioner
nts .sthe General Land Office under the direction
the "the President ofthe United States" But
tate these, ask, give TO the Commissioner of the G.
lace eral Land Office, to The President of the Uni
do States right to say to Indiana thus far shalt Il
Il go and DO farher-this shall be the terminal
be- point OF your canal aud no other, even 10 in
.dre ere with her the selection of her lands? Sur
nch- not The act, Indiana complied "
the the condition precedent-the commencement
d. the canal within the FIVE years-gave to each
~ separate and distinct property: to the Uni
* States the alternate sections; to the State of
10Th diana quantity equal 10 half Of five sect
ietv in width on each side of the Canal from one
II 80 shoa int