Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1841-02-06
INDIANA LEGISI.A TURE.

INDIANA LEGISLATURE.
Wednesday, in the Senate the bill of tue
House authorizing the valuation of property ta-
ken on execution, was struck out from the
ting clause. The bill provided that personal
property should not be sold for less than half,
real for less ihnn thirds apprais-
ed value. Mr.. Clark offered amendment, TO
which another amendment offered. The bill
and amc ndments were then referred To select
committee. 1t seems to US some measure of e.
lief of this Kind is required al thus time to
thousands of our honest and industrious fellow
citizens from utter rum. Under the present law
a creditor may be stripped of his all without
removing the debt suspended over lam that will
] forever weigh down his energies and crush his
spirit. OF the many evidences of thus fact that
might be cited we VIII take one that n corrcspon-
dent has furnished rs. The property of a valn-
able citizen living III one OF the Wabash counties,
who had for many years been engaged III enter
priscs useful TO the country, was taken IN execu-
ton debt of between three aud four thou
sand dollars The property, consisting of
steam mill, store of goods. and some valua-
BILE lands be found in that rich valley,
worth at least 100000. II brought under
the hammer less than $ 600, and that too
without the hope of redemption. Now here is
case exactly III point. Tins man has suddenly,
from an cmineuce of independence been
down to the depth of poverty, and The debt for
which all his property sold, still uniiqn ida
ted, aud the creditor left without u hope of ever
obtaining ms Isl dues
la the House The subjec, Of classification has
been up IN variety oi forms within n few diys
past. The bill of the Senate (notlced IN our ast)
was reported TO the House "Wednesday morn.
ing and on motion of Mr.. Bpwles. was immcd-
atey rejected by vote OF II to i3. Although
the pro"ision of thus bill were eXcep'iunnble
many respects. think the treatment II rcce-
we'd by the House uncouricons, 10 the
least, and may be the mems Of disturbing, IN
some measure the harmonious action of tho two
iirnsns- upon iiis deeply important question
The bill proposing 10 eject, by Jlint ballot,
work TO he completed before Others should te pros
ecu'cd, came up on the second reading, and. al-
ter Sum discussion, LAID on the table This
proposition seemed TO meet with much favor
than was n first anticipated. and the friends of
certain short works became quite alarmed at the
prospect Of its passage. 1t Is not probable that
1t iii be taken up again during The present ses-
sion. The nd.fcauon bill reported by Mr..
Smith Of +. came up lis second reading, hen
Mr.. S~eetser m-ved 10 amend TINT one hundred
thonsa nd dollars OF Railr"ad iron proposed To be
paid the State by the Morris Canal Company
shall bc appropriated the Madison and Indian
applls X tiiruad, which adopted. Mr. Cham
per proposed Il Amendment to strike out the bill
and insert new one which placed the sou bern
portion of the Central Cauai and the Cross Cut
canal IN the FIST class. He supported his amend
speech of much earncstncss aud nb,i-
~. lie advanced the opinion with great conf
dence, that the Sate was fully able 10 conn iete
the Whole system, and thai The works above
mentioned beng the most important, should be
lirs, completed. lie was followed nv Mr. Judah,
who presented the claims of The Wabash river
the patronage Of the Stale. IN forciliie
manner. He DIS greed with Nj. Chlinper TO
the means and abiifties OF the 81 'te, and drew
gloomy picture Of prcsent financial cmbnr-
easements. lie estimated the State debt al u lit
tie short Of 1900, 900 of dollars The amount;
Of taxes which he supposed necessary 10 be col
lectcd from The pe"pi" "f the 5 ate tho present
year. would be Sj00,000 including otdna-
~ expenses, which would require levy OF 10
cents on each hundred dollars valuation. He
stated that the whne amount Of indebtedness of
several states ot the Union about $500 ,0CO,-
OG0, aud fhnt the interest aud expenses would be
about Sl2 100000 each velr-fhat # the whole
taxtbie propertv "f the Uolted Suites csti-
rated "A $1,000, 900 900, to RAISE SI2.0OO000
and the expenses Of collection, would require a
tax Of Is cents The SI00-That II well
known that IN most Of the States the people
not accustomed to n direct tax for State purposes
Tint IN some states 10 cents The s 90
WIS considered oppressive by the people. that
hence the State could not hope meet the inter
est of their debts hv taxatian-ihat IN fact the
only hope Of relief for the States must he found
in an assumption of State debts by the United
States Mr.. j. INSISTED, that all the Legislature
could now d, would be 10 mark out more mod
crate system of Improvement than that hereto
fore adopted-io ulndlfy the system IN such a
manner as would aft rd satisfaction to the people
of the State and show 10 the wcfld that We were
abou, recovering our senses.
NJ, S,.,tb of r smoke with r1uch energy a
caiu.t Mr. Champers Amendment and IN favor Of
he original bill. He brought to view The rnInous
consequences Of a total abandonment Of the sys-
tenn The people, he said. would not quietly
submit 10 a perpetual tax WITHOUT even the pros
oact cf deriving some benefit from the public
works. or The hope, though distant. Of receiving
some revenue from them to tighten their bar
thens He pictured IN dark colors the lasting
disgrace to the State which would follow the v'o-
la,ion Of her s.cred obligations. The House ad'