Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1842-01-29

ing embiems and banners appealing - the hearts
warmest sources. suppose all these pictures fully
drawn BY yoI, sir, with the breathing pencil OF
The gentleman from Fountain, and held up to the
eyes Of orr dispasslonate people as an answer to
their inquiries, IN this respect, and think YOU that
these all would satisfy them that the State Bank
should not issue small notes? Here applause
from The members and Iobbies called forth a re-
quest that order should be preserved-which was
soon restored.l They might say that there was
truth, that there was beauty, that there was dee
llmaiion in The sketch. but It would convince them
that we have the right. moral or legal, To violate
the constitution? TO break a solemn contract, and
to rescInd an uneXpired chartered right vested IN
the bank, by tho voluntary action Of the State
herself?
II these be no reasons fr the passage of this
hill-if al this be but foreign to the purpose and
an extrinsic appeal dIsIgned to enlist the passions
and not the Judgments Of men, in a wild crusade
they know not WIN nor whercfure-what other
considerations are offered in It's favor?
We are told, sir. to be sure we are told, (and
gentleman may tel many things,O that the object
OF this bill Is no! TO interfere with the privilege
of the bank 10 issue small notes; that the design
of gentlemen Is, simply, TO prevent the surplus
revenue, the school and college funds, the proper
~ Of our people for the purposes Of education,
tom being vested IN bank stock under the pro-
visions of this act. Thoy tell rs that they are
fearful that all that sacred appropriation, by such
investment, may forever be lost 10 the orphan hv
an explosion Of the bank, aud therefore they
would place those funds without her reach, and
beyond the possibility nf harm. II could believe
this, Mr.. Speaker, this bill would finI no opposi-
ton at my hands. If this were true as II IS spe-
cious aud plausible, | would 90 for any c~oueltu.
tional mod i .aiion of the law To secure, So far SIS
hGCan oxcttjons can, beyond the possibility Of
h5Ztrl, that which IS so tear - the most imp0r
tant aud i~odigeut interest of our people. ! have
children, sir, who may be interested in that fund.
| have and always hope to have d h:gh and holy
regard fF elfcatlon. ana. If ali else, for cotnmnu
school education. The Navy may indeed DO tie
fright arm If the na'jona! drf.nce;'' and trIe it
IS that is gallant victories have transferred our
national fame and our national standard whcrcv-
er line Angelo Saxon race Is known or recognized
among men. True 1t IS that our brave soIdiery
chatienge the worlds invasion and command the
worlds respeci,-aIl this is a proud and an honor
able truth-but the common schools Of the land
are, at last, the sword and the shield Of the re-
public. As one member Of these halls, il all else
be neglected. that interest, above all other inter
ests, would | seek TO nurture and protect. But
in my honest appreciation OF tho importance Of
this great cause, | nm not to be deIuded, sir, into
a moral wrong, hidden beneath a mantle so yi!,u-
Gus and SO eHnoblIug.
The ohjac, Of the bill before the House is not
the pro,eciion Of these school funds. although art.
fully made TO wear that appenruucs. That OBJ
j~-N - 1913 ''A 1N'"0Hf "N''@~N N'@ 49, ~
formlties show in horrible contrast with the viz
tuous livery It has endeayored to put on. These
funds are 50 interviewer with this project, now
attempted 10 be carried, as to require Il short eX-
animation to winnow the preteuce from the real
ity. and 10 show clearly to the world that this af
fected regard for the interests Of orphans, Is but
a bal, with which 10 enfrap the unwary into the
support of 4 party thirstlng for political supretna-
cv-thai this regard for the common school fund,
is ~a::empted To be used as hobby to enlist the pas
sions OF men Tor sinister and selfish purposes. Let
US examine the truth Of this profession, but b!!ef.
ly.
Tho surplus revenue fund is among the mum
Der vested in bank stock, By the act now sought
to be repeaIed-bu, is that fun5 in danger, from
the bank. Mr.. Speaker? Has The state absolute
ly vested that fund IN the bank? Turn your eye
to tho eleventh section of that law, and you will
read a provision which forever must settle that
question. By that section il is provided that IN
less the counties consent, through The act 81 their
several county boards, their portions Of the sur
plus revenue cannot be converted into stock. o..
this score. then, there Is no necessity !r lcgis!a-
ton. Each county may legisiato for itself. There
is nothing compuisory-alI is Discretionary. In
10 this fund, further argument would
he supererogatIon. lie who runs may understand
the provisions of the law.
There are other funds, however, mentioned in
the first section Of that act, the college, saline.
and state bank school flnds; which are absolute
~ vested, by its terms, in stock. o. these funds
the bank has collected but IIttIe, nor Is their col
lection a matter Of Consequence 10 her. Would
gentlemen. fearful Of then .ass, so lcgfsiate as 10
arrest those funds on their passage u the vaults
Of the bank? ii tins be their object, and they
50 avow It-why Is il, sir, | repeat why Is II, THAI
the bill before Us PT)yi5es fF the re9eal of the
rtole l,w?-as wei thai portion which vests in
he bank the privilege 10 issue small notes tor
fivo years without The payment Of a bonus. as
that section which vests these mech talked Of
funds in bank st5ck? If members he sincere in
their professions, how easy would II have been 20
have introduced a hfI withdrawing these school
funds from the bank, (Iatess the counties Should
consent TO there remain ~ 'here,) while the yes
ted rszatla the bank u issue the small notes woI.G
remain unifa3 i7eG! Here Is Inconsistency too
apparent fr the credeaee Of creduijtT. ia mea-