Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1842-12-07

! :
the hands OF officers not subject to a strict
accountability, thorough investigation was
proposed and executed; and the consequence
was, the recovery OF very conside bic sums,
which had been overlooked or forgotten. or
supposed to be entirely lost May we no,
anticipate as favorable results by pursuing Z
similar course in our own State! II certainly
is worth while to try the experiment.
have thus presented my views on this all
'mPortant subject to your consideration.
am not disposed to be tenacious Is to the pro.
priety of any particular course. Others hav
their peculiar views, and will at once Weld
to any measures which promise 70 be useful
ana emetent. So many notions are entertain
ed as to the best mode Of organizing common
schools; and SO much sensitiveness is evinc.
ed respecting those notions, that il is mos,
difhcult to secure harmony of sentiment and
action. In this matter, some thing, and, often.
much must be gwen up TO the views and opn-
ions Of each other. No system Of ducaiion
can be dlgested without compromise; and he
can hardly be esteemed real friend Of CON-
mon schools, who would make shipwreck Of
all thelr advantages 10 carry q favorite posi-
tion. 1t affords me great pleasure to CON-
municdte to the Legislature, that the affairs Of
the Indiana University present a more pros
porous appearance than they have exhibited
tor several years. The recent efforts to give
efficiency to ITS organization, promise to be
! eminently successful, and to secure TO the
State the full benefits of its ample endow-
men,s. In The supervision Of this institution,
the Legislature has most importan, trust. To
make II extensively useful; TO preserve its
funds, and render them productive, and 30
extend ITS reputation, constitute the promi-
nent duties OF this trust, which, II faithfully
executed, must add TO the character and Dig
nifty of the State.
The Colleges at Charlottesville, Greencas-
tie and South Hanover have been sustained,
during the past year, with q zeal and spirit
worthy the individual efforts which eslablish-
ed these institutions. The pressure OF tho
times, which has borne heavily on every
thing else, has touched them less severely
than was anticipated. Their friends and
patrons had much cause to fear the result; but
certainly, the crisis may be regarded as past.
Ii is understood that the present sessions have
commenced under the most favorable aus
pieces, and the permanence and usefulness oil
these Colleges may be regarded as placed on
firm and enduring basis.
| Al the las, session of the Legislature, an act
was passed requiring the Governor 10 make
arrangements for the erection OF new Penn
Tertiary. The same act required the super
in,endents of the present prison to continue
the convicts at labor within its walls, contrary
!
should be mad" by which they could be en-
ployed IN the building of the new prison. The
confined limits of the Old prison were snch, ,
! tina, but few more ,han half the whole number
could be employed at labor within II, showing
mos, conclu.ively, the necessity OF the law
authorizing another prison 10 be built.
suitable site has been procured, plan
for the buildings adopted, and a portion OF the
convicts have been employed IN their erection
/ Co.., he no, nc nj
and other matters connected Herewith, being
too voluminous TO be comprised IN this CON-
n unoation. will be laid before the Legislature
in another form in few days.
The report Of the Vister has been uua-
voida bly, delayed, and l am therefore unable
to lay before you, at present, the usual state
ment in respect 10 the condition OF the Peni-
Tertiary.
The State Bank OF Indiana resumed specie
payments on the 18th of the present year,
pursuant to a resolution of the last Legisa-
ture. Ii is fact deserving attention, that
the principal demand for specie, subsequent
to the resumption was from abroad, thus
exhibiting in the cearest manner, tie general
confidence Of our own citizens in the soiven-
cy OF the Bank. The times were unpropitious
in many respects, but the Bank has been well
sustained thus far 81 there is no room TO doubt
or fear for the future, under ordinary c'rcum-
stances. OF previous suspensions OF specie
payments, it is unnecessary to speak, but
cannot let this opportunity pass without
expressing my decided conviction, that, como
wha, may, the Bank should pay out the last
dollar OF its specie, rather than suspend again.
To be vacatihg, year after year, between
suspensions and partial assumptions, IS SUB.
versive OF all those principles on which sound
banking rests.
The following table exhibits the general
condition of the affairs Of the Bank, as shown
on the Sis. Of October, A. d. 1882.
! MEANS.
Disco united notes and Bills Of
! Exchange, Sz,oSf,Sif II