Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1842-10-25

seems to me to be Of very doubtful utility. The
credit Of the State Treasury is entirely exhausted
and could mplrt no credit u any paper 1t IN ght
ISSUE. The surplus revenue AID sinking fund. &c,
are loaned out among the people, and u collect
a-m and loan out en- equal amount of paper, woald
Afford no relief Whatever. Bat they could 10. be
collected. They would not be 4 sufficient guar
aaty % sustain tie pa per based upon them a. par
= would SOON become utterly worthless u The hands
" tIe people: ] doubt whether an Issue o. pos,
notes 5y tl; Bank. would nerslse the circulating
medium at oil. The bank would probably with
draw rs f0snes notes f.1m circulation. which are
due Oh Demand, and supply the.r place with the
post notes not demand, ORDER % d lmiuisl the
demand Tor specci aai, besides, the state stock 90
Tie Bank is not only bound lor the redemption Of
the present circulation OF the bank. tut for the pay
msnt ofthc loans Jr bank stock am opposed 70 any
more ire ieena5.e paper money 1t has been great
The country. and more OF 10 would afford
substantial relief. The p measure is a suspension
ID all process for the collection O! debts for given
perlod-say year. II seems TO me, Sir, tlat 10
close the courts OF Justice, and thus bar all creditors
rom any action tor the collection Of debts would
be rather too rude shock 20 our social and political
sys' en-. Most probably Tremendous revulson IN
public feeling and OPINION would be the con7e-
qIeuce, which 10 is course would sweep away all
relief measures at once, and throw the debtor up
the tender merces OF the creditor | observe
those who are most opposed 10 relief prefer this
measure To- any other. Believing. suppose, that e
would soon over act and destroy the whole. Ine
3d measure is long stay-say two years; thls
measure is not without ye.y serious objections. j.
would induce many 10 SUI, VINO otherwise would
not n order drive the debtor to secure the debt
1t would greatly increase the numb Of indebted
persons by becoming security for others cIrcuin-
stance greatly to be deprecated, the country Is
filled WIKI sufferers OF tins class already. When
ever the STAY might run out, grelt an amouGt Of
m7aey would .1ll due at the same time, so great
would b. tine demand for It, anl there would be- 80
much property thrown into tae market. at once,
that prices would probably be lower, even than
8 they noH are. But there sllll stronger obJec-
ttou yet The poorer class OF debtors, who s. 1uld
need ~ benefits most. could not avail themselves
Of 8, tlr want ot credit. Ia these troublesome
times, hen confidence, public and private, - ale
- most entirely lost, and when nam scarcely knows
his right band neghbor, but few who need relief at
= a could give security Tor long period. It would
afford little or no rehcfto those who most need IT,
= prefer that our property should be our security
y ~ ilA tbs y.w, prefer the fourth measure OF re
lief, our property valuation law, with some
suitable amendments. The principal O5lecioI
O vf...tf ..ve heard urged against this law, are
= H. flat cost uceu. uiatcs too fast 81, that ia,
> debtor generally gives mp % tHe execution h'
- vorst property, such as would nc, oT'"s money
any t.ua These ere strong oJectaasi os 'e''
ele .er tho first would propose that bur $50 exc
.t IONS Il ya.c Issue lcou mag strates court. in
p4iati pa' Jug ell cost alter tie FIRST one, and lh'
q ..Ia ...rI
d - IN. c...'.l.., d.b.ors .r.ye no taei
y .-.,-,v ,,,J.- .,...,.t...., - M }.ubf ,yrl
t. -. ..-.... .,t.,,,., Aft, r.,
serving % Tie execution defendant tAe right 8
select and hold one hundred dollar, worth % pro
petty exempt from execution, can see 10 goo
. t.r,,. nm, ,,i, ,.-,..,,, ~ - ..-,is,j ,..l,,
-, -! 80, me. nor am
-, - "a g., ,,., 3D., d,,,, ~ i, a.
..,......, ,.L,, Itb.ol. III oror,..,.,s c.o,r
-. ~ no, Is q, b.., ,.x,st uT5,r the IN
u law Pns 6rs, ,,onft sovo c,st and tho .,o,,
I'D h., ...,- .. clio d.h,,r >, ,,, - - ,t
- 80. 49, ,i.e ~rol,tor n, o.,ncrtunltv "a -
Is lt s,,.l, rr,rer,,, ,s ,irbt no n.of, g., h., y,
I'd -, ~, ~. ,I, d5,snl,r should not sell f.
r iotlar two tbs rds or It's ,nn-ai.ed value as m
.
D
.e -Hi','c' '''1i1 ~ t'o sN'u''"' ~ ul
be "",0" i"a's' ,,''i' go '75 '" i'J ''i u.s. ''
H. ~,
he 'i'' . '"'' "lr'-.'-" ''''' "''N '' va o. :"
We coatie'an aitrr me most Serious ana SOBER reht'
ic l' .-'''' ''I.
be Jtti'i- i' otutt H1h! VIII g't0t Wy H'th
10 a'.I 'e, .oh 'e'"e 81 = anu personal ~ 'p
Cd ""u.' ...7 l'l VI 'l .'.'s 900 pr '' w. '
bee Ton o-lA cen ihe poorer 1A" more "ctili j ctt-s
To- b.t"eea ia'-e VINO nave iana AM ii'aa " % nav
MS M answers FtIs''" t'of-t.! "''.' an
TO upon am eqh' ioetnS' h' matter I'D whose Ha"a7
u- H-'l De- rt'7'n'l property l7 PET ','.e l
it "'' "i .''s'0''S "o't'' '' '' ' 80 90 '11 ''
'lr 't ".'.' 'zt - .''H '' 0'e''.' ~ .'ot'F1
I'd 70 IT. Iui value n tn "' money 10 ' Sht o.e
~ aus "i''"7' S'''' e." ~ 1"' ~
all W. W '"oU Peo' "' 1''7 A"" ~ Tue ,.'
M - '"- 0'tb re,l 's,,ta .,rn, c,r a.
.i.l ~ 49,, -, =. $50. -, ..,. - i
D! - go -. - III. -,,l -, ,
'ct - ny -. ~ - - ~, I'LL -, -
~, 7.' - -. - y II. - - -
'c' -, d., a.. l,,tI, So, ,r,,r,,, ,,,r, -, b,