Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1838-02-17

poteaGef-0 charter, within our territory, "
8. Bank ot ladsaaa, Cor the sake d the 49,
u beware, SIR! Tho i3fst step 70 dishoessey =
an indiv idual - = habit Of extfavagaat expoodi-
lrs mt jast6s BY his fortune. The 6zss seep -
political p.o6igacy in State 10 The incuExiaG II
debts not Justified by her resources Aea, saS
s;.':.' do many ;hiaSs under he psss.s.s e we.s
ed e, en- to think Of Well, thsa. may we Pssy,
not to b led into temptatioa!
But, sir, let us turn eur eyes oaco meeo -
PcnusylsAnia. You have not fosxotto0 ~ At
tempt 70 add some millions % her Syste0. Yoa
remember how that attempt ovsntuatsd how her
her people-so assured Of tho evil coneequsocoe
Of deeper respoasibility-dared % ~ ~ NY
which, by q combination Of interest, - poOo6
both branches OF her Legislature.
And yet. sir, what waeHo1Qsylsao1nA co1psa.
sibility compared to oursf What oso hoe -.
sources compared 1.-The resourcee q 1adieaey
Why, sir, they exceed them more dbeo ee1ek
Some poor two or three Millioes 10 Tie 6@is Il
our banking Capital: while hers ezcssd. cry 9
sixty Millions. Her single mammoth 0oa4
swallow up ton such banks n Guns Her iacoeS
poratcd companies (leavins banks and insureee
out Of the question: have . capital q
nearly seventy Millionsf These compessss and
able property, las was Yesterday Informed by
a gentleman formerly and for macy years con-
nectej with the public works) 10 estimated g sx-
cod ONE THOUSAND xILIIoNs. u is, sheeeeeces
moro than ten times as great a. ours.
And what, sir, should we have said ct Penn
svlvana, If she, like our own State, bad engaged
in System, that was to cost one foarAs a beg
whole property ssso hundred asd C6y 11l;es
dollar system? What should wc have said q
thought of her? Probably this; that It Stassss
like individuals, could lose their reason, the god
old Quaker State was likely soon to beeome .
very tit subject for National Lunatic Asytom.
I repea. mylques.ion, sir. Did you ever -
Of State ndvcnturing deeply ~ onfss N she
You never did, sir. II - 2 degree q
enterprise unmatched in tho history Of lntssoel No
proycmcnt Well may we pause and Poodse and
calculate, what arc to be the burdens On oor-
selves; YES, sir, and what every parent fssls hf
more strong stil--,ho probable burdens % oar
children!
1t is a deeply interesting calculates, ssf.
pray you to 60 through IT, with me.
But few words, first, in regard to ehe eases
partly Of course conjecturaI, ON which mess cas~
;uIntions rest.
One fourth only Of the Surplus Revenue ac-
.urring to Indiana is available foe purposes q n
ernal Improvement; amounting to eS6os7ol.
cent. OF Cor expenses, meets yearly "a. -.
Our taxable property, last year, Vas 1891
BOO; and it will nett, at Is per cents, - eur Az
litor calculates, $4,000.
Oar polls, last year, were 92,92l
And they will nett, at SO cents each aaesG
S35, 500.
In estimating our income for six years il ~
'ancc, ! estimate the increase Of our taxahoo
property. each year, at l2A Per cent. advases -
he preceding At this rate, is would doob1o T.
elf in six years When We consider he high
value At which property ssoed. evesy
shcrc, last year, aud the reactioo wAseA has
incc taken place and which will b felt, more g
~k>l
his estimate to be fully ~ high ~ our prospects
,av warrant.
Tic increase on the polls I have takea q 10
er cent: their rate Of increase fos The past -
,onfh.
As regards our probable expenditure; The -.
cnses Of the State Government foe l090b 80
'timated by our Treasurer At 176,SO0. (Ts
lis amount, however, for the present year must
added 322, 900 deficit from last year asd ESQ.,
DO moro ut least, extra expenses in revisi1Q
C laws.) To this amount Of 70,5OO, ] odd
per cent. annually, which may probably cover
n gradual increase Of expenditure iDclu6iog
ch years proportion Of extra expense sds revs-
Then comes the great item a 1atersal improve
The total amount expended or coatraetsd Sse
the State for Internal improv emool, up - Ne
Of January hast (oos including The suPeesssee-
r. of the Madison Road nor the DeaallisG q
ncennes Road) is S4!604,555.
This, however, includes tho expenditure ~ a.
.mer Board, for tho Wabash asd Erie Caoa1
st Of Tippecanoe. To meet q part q that %.
nditure, W have the canal lands. TIE ~.
a Of dollars, the probable prodoce q eaoal
Ids. must be deducted from the aboves leaving
II 10 he met out Of State funds tie su0 u ~
1855.
That is the actual amount already paid, eseoop
lcted to b paid, out Of the fued d he 0easss
Internal Improvement.
1 suppose the State IN spend aaoualIy, - g.
r 10 complete tho System, one oaesee - =
If of dollars; and, ~ tho sum wsS %
) course of each year, calcuIase tos ~ esss
ar, half yearly interest ooly - IT.
= Tho am cunt Of Bank Bo0oees aoeosoiaO -
, State Of Pennsylvania 6os the year III, ves
Governor Ritner's late message intnsms -
ndred and thiry-6ve theusand dollars
: Pennsylvania has
8 Turnpike conpssiss viii esP's1 isvs:ese
of SoAs
Q Bridge Companies With capital
invested Of S
g Rail Road Companies with cap
ital invested Of SlSS1zV
q Canal Companies With capital
invested Of AS
2 Cal Compaaiss with esPiaaI ,...
invested Of
- AAGnG