Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1841-12-18

tam casts
Sec. S. Provides that no real or personal pro
per,y shall be sold for less than two-,hlrds of us
fair market value.
Sec. o. Fixes the mode by which such market
value shall be ascertaIned.
Sec. 10. Gives the right o! redemption for Is
months upon real estate sold under execution.
Sec. II, Gives q jInior incumbrance, upon
failure of original owner TO redeem the nuht 10
10 so.
Sec. Il. Provides that, upon the failure of
debtor to stop execution, rhe officer shall. upon
application, take of the purchaser of property
sold a recognizance.
Sec. IL. Makes property repleviahle.
Sec. II. Requires three bona file purchasers TO
be present at sales upon execution.
a motion 10 print tire bill failed; when,
On motion OF Mr.. Egg!eston, II was referred to
the judiciary committee.
MIR. Watts introduced q bill to modify. IN some
respects, the revenue system Of Indiana. THIS
bill repeats the provision IN last winters revenue
law. providing tor a Board of Equalization. and
for the pay and mileage Of he members of The
same, and proposes to constitute a Board 10y The
substitution oil a senator and representative from
each judicial circuit IN the state. M. Chamber
lam opposed the proposition, but went for abolish
ing the Board as IT now stood. lie was IN favor
of constituting the Senate Il b ard for that pur.
pose. Mr., Eggleston was opposed. in toto, TO the
views of the gentleman from EikhaTt; aud tho'I
that, If either branch of the Legislature was com
petent TO the discharge ofsuch Il dutv, II must be
the House of Representatives, representing as II
did, so fully the local and sectional interests of
the State. The members of that body, being
elected annually. must necessarily possess IA moro
accurate knowledge of the value of property
among their respective constituents, than the
members OF the Senate, elected, as they were,
trennIally, by much larger constituencies. He
was, however. opposed to constituting either
branch OF the Legislature a board of equalization,
- ~a,eo 10 I-1.- - H. r Il - H
charging the duties which it would Involve, with
out a useless waste and consumption Of both time
and money. MIR Wright moved t. refer the bill!
10 the committee on finance. Mr.. Parker rebuff
ed the idea that a personal knowledge of The val
ne Of the different farms throughout the State
was Il necessary qualification in members Of the
board. Their duties called upon them to decide
upon generals, aud not upon details. The reports
and returns OF the auditors and treasurcrs Of State,
he coniended, furnished sufficient, data for the
board 10 act Understandings, withoIt that minute
personal knowledge Of individual PROPERTY, which
some Senators consider so very essential. lie al
so considered that, as the board Of equalization
would not meet by law, before the latter part OF
January, there was no necessity for hasty and
preclpitate action on the subject. He was there
fore in favor of referring 1t 10 a committee. The
bill was thereupon, on motion, referred TO the
committee on tiuance.
Mr.. Harris introduced a bill to repeal par, Of
an act to amend an act relative 10 the amalgama
ton of whites and blacks; which was read, ans
ordered TO a second reading on to morrow.
This bIl restores the 9th section Of tho Ole
law, which makes amalgamatIon a pcnitentiary
offence.
The Senate then proceeded to the orders Of III,
day:
The ,irt resolution compelling the State Banl
TO resume specie payments. &c, introduced yes
terday,0 was read Il second time, and referred L
the committee on the State Bank. by consent.
Bill number 3 Introduce. h; NJ West. on YES
Torday, next came up for consideration, and, o
motion of Mr.. Baird, 1t was referred TO the stand
ing committee on the 4diciary.
Bill to Abolish imprisonment for debt on civ
causes, was read and referred to The conmittc
; on the judiciary.
Bill 10 amend the act su5jecting real and PEI
sonal property TO execution, was read a secon
time, and referred TO The Judiciary committee.
On motion the Senate adjourned.
AFTERNOON SESSION.
The President la d before the Senate u lctte
from General StapP, late fund commissioner. ash
ing for a delay Of action on Governor Mobiles re
r port, until be could have time to prepare an az
swer TO the same.
The President, laid before the Senate a repol
+, from the Presiden, of the State Bank and bran
ches. Referred TO committee on State Bank.
I Mr.. Eyglesion offered u resolution for the NJ
poin,mcnt Of a select committee of ten member
five Senators and five representatives to carr
: on the Investigations ordered by the Senate in
r the conduct of certain Bank agents, fund commi
sloners, and canal commissioners, and empowe
ing its chairman TO issue all processes, &c, uece
. sary TO procure the attendance of Witnesses; AT
n asking the concurrence of the House OH the sam
:; The resolution was adopted.
/ MIR. U~egrIman moved TO take from the tab
= the resolution providing for subscribing To Il
! newspapers printed IN indianapolis. Mr., Ban
and Mr.. Nave advocated the motion. consIderir
+ that, in view of the astounding development
d now going on, II was the duty & the Senate
: give The people all the light ia their power
y Messrs. Motfatf. Stevenson, Gregory, fIarti
Yves, and WaiPolc, opposed The resolution, &C
If siderIug that IL involved a useless expenditure
Il money, without any corresponding benefit. {
motion Of Mr.. Walpole, a resolution was adopte
- !. nEnxLlInn fur he eLsclinn - r:-a ,:ncc .n.a