Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1838-02-10

vas forfeited. s~e.-s<z~. - =
port ~ leog,h; fully Aresiae shs bearings q the
Chaltss, and sbowise with Rssss clesfness that i
Has not The intention Of legislature IN fcanisg
lhs Charter thai . 1aspenSios Of specie payment
should bS fotisitufe unless coerupsly o. 'tnPro9-
erly Perssverzd in. -
lowing Joint resoluaions, which after an Ineffec.
suai effort by Mr.. Kennedy 70 alter, by requiring
tho Bank to resume ID thirty days after the adj
iDarnment ofshs legislature, which was rejected,
30 to Is, were adopted and passed bv the Senate.
Be IL Resolved By the General Assembly Of the
specie payment by the Branches of the State Bunk
Of lndians, was jlsti6abie and necessary. Tia.
the approbotion by tho Directors Of the State
Bank was properly given.
Be il further resolved, that Il IS the duty ofsaid
Directors to require every Branch If said B INK to
resume specie payment within thirty days after
. general resumption thereof in the Atlantic cities
and simultaneously with tho Banks in Ohio ami
Kentucky; asd that any Branch failing 10 re-
sumo ought 10 be suspended That on the fail.
ure BY tho Directors Of the 8 ate Bunk to sus.
pend any Branch not resuming specie payment
40 above, the Governor Of this State shalt cause
Scire Facias to be sued against said Bank for
failing duly to exercise the power in il vested
BY the Charter.
Tho decisive action Of tho Senate on this dis
tracing subject will certainly mcct the approba.
sion Of nine icnths Of tho community. The dircct
interest Of the state in tho character and
Of the Bank 10 immense. We believe the money
borrowed BY the State account Of the INK
and Tor which she 10 accountable, amounts % near
ly milloa and q half Of dollars, but wo consider
this far lcss interest than every citizen Of tho
State has in its preservation and utility. Ii is
thought by some, that q full examination INTO any
and all alleged improper practices on tho part Of
~ ek~
Examiner to be elected by the Legislature,
provided in tho Charter, by whom every charge
can be fully Investigated and every defence cx-
PLANTATION Of the branches can be heard, and such
fair view Of the whole subject may be thus
brought before the next Legislature, may be a
satisfactory basis for any action required.
This course we think tho branches themselves,
Al we'll as tho public, ought to desire, rs mich
has been reported on tho subject. II the bank
has forfeited its charter by suspension, it wolId
be Just much in tho power Of the Legislature
| next winter now to act the charter or any
amendments TO 1t, Tor VIC suppose there is no
probability Of the branches resumi0g specie pay
mcnt until after tho session Of tho present Leg
| isature, and Of coIrso they will be liable TO an
1 swer to the next Legislature for such continued
refusal to pay specie j''st as we'll rs now.
A long report Of the m,j ,rity Of the select
committee Of the House the bank, has been
made, containing the result Of their investiga-
tion..
SENATE.-1xesday, JAM 80.
J Mr.. Elliott, from the committee Of ways and
means, reported . bill TO amend an act entitled
| Gan net for geological survey Of the State ol
Indiana" approval Feb. s, 1887; which was twice
read. MI. Banning moved to amend the bill Nv
striking it out from tho enacting clause and in
sorting tho following: "that the net entitled. sar
for geological survey Of the State Of Indiana,
approve Fob. 6, 1887 DO and the same is hereby
repealed"
i Upon this motion considerable debate to * plac,
in which Msssrs. Mitchell, Danning. Ihompso,
Of r.. Tompson Of L.. Baird, Colcrick, Dob.on
Trask. Kennedy, Sigicr, and others participated
The question on tho amendment, was deter
mined in the affirmative, Messrs. Casey, Dobson
Ewing, MofJatt, and Trask, voting in tho NEGATIVE
and all tho other Senators present al in number
The bill, thus amendei, was read a third tim
and passed.
WEDNESDAY, Jan. 81
i Mr.. Vawter, from the joint committee Of fre
, conference appointed to take into consider tito
? the disagreeing votes between the two Houses O
the subject OF mileage and pay Of witnesses su"
r moncd to appear before tho investigating con
miitec Of tho House on the subject Of tho Stat
;. Bank, reported that the committee had agreed
4 allow witnesses two dollars per day during III
+ ,mc they were detained in town, and five cen
Il per mile each way Tor thcir travel 70 and fro
con
0 mittce was concnrred in, yeas %, nays q.
VI From tie Isdiana Journal Of Feb 6.
r Saturday and yesterday werc days Of consi
II cradle interest in the Senate. A bill to CHAM
J. tho characser ofpart Of the Madison and Lafa
s. cite Rail Road was received from the House
ID Representative, and twice read. This bill pr
1t vided for changing that part Of tbs road betwcc
10 Indianapolis and Lafayette and provided tn
10 that part which lies between INDIANAPOLIS N
o Madison shall remsin Rail Road. Nj. Walk
10 moved to amend by Strengthening the road fro
b Vernon to Indianapolis. which was detesmn
|r. in the negative. Me. Smith moved to strike Il
N bill out from the cnacting clause and insert
n substitute providing for changing also tho son
10 end into McAdamized ro1d A division Of d
at question being called, the Chair announced th
10 the 6rst question would be ON striking out.
ct great number Of amendments were proposed
d. che original bill, several Of which were not
do greed to. Two amendments only were adopt
we believe; ono Of which, offered by Mr.. Evil