Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1842-01-29
u DIANA T. & = l. 4 4 L E..
WEDNESDAY,, January II, 1872.

vestIng certain funds in bank stock, and author
izlng the state bank Of lndIana to ,ssuo notes
below the denomination of FIVE dollars, being
under consideration, Mr.. MARSHALL said
That he had entertained but little idea OF ad-
dressing The house at tins time upon the question
before 1t, but the conduct of the member from
Fountain, Mr.. Iannegan. seemed To call tor
some response on his part Why he had been
taunted by that gentleman publicly 10 n Discus
sion he knew not; he Here Mr.. ilinnegan roso
and remarked that ho would explain TO The gen
tleman from Jefferson. 1t was In consequence Of
language which he had heard attributed to him
on The nigh, before, chargrng him, Mr.. Ii with
II dread 10 meet HAT gcnt!Gman IN debate. | do
not covet personal alterations on this floor or
elsewhere, bu, when they are thrust upon me, |
am the last man 10 decline them Mr.. Marshall
resumed. Those who know me, Mr. Speaker, at
least Will say Of me that my habit Is neither de-
traction nor abuse. seek personal conflicts with
no man. | abhor and detest the IDEA oi Il mere
gladia,otjal display. Bat | am ready e.. defence
always, anl am ready now; AMI | tIust rendy in
that spirit Of calmness and forbcar1nco which be-
GENES this Hall and those assembled IN IT.. a
gam inquire, why that taunt? l. there Il desire
20 witness n mere brute combat between any
member and myself? Personal friendship aud
gnetiemanly Intercourse | covat always aud al
ways seek. NJ mind IS not to be poisoned with
vague rumors. If my ear Is abused with alleged
attacks made upon me, ! seek the rcputed author
OF lliJ5e hilicRS, ana pflFhlctF ascertain tItLF
truth and character. Is the meraber from Founi-
ain had sought me out, as, under tho Same CIR
cumsfaHcrs | should have 50 igat him. he would
have learned that no such language as he uiters
had escaped nay lips. 1t is not my wont TO deal
IN such. True, sir, | was much excited on last
night. True, sir, 1t IS that | SAID then what | now
say and viii forever say, that | ~despised tyranny
IN oil its forms. whether i, appear IN the dospotism
OF one man or the arbitrary acts Of a majority
on this h,or. | felt deeply then, sir, but | thank
God that however much tho passion of the mo-
ment may overwheim me, | ever honestly seek
amid its struggle for tho mastery, 10 assert the
supremacy of reason and Judgment. This it is
which alone could guide man safely. Let the
waves of popular fury run mountain high; let
them lave the walls of tho capitol; let them run
riot over the entire land. and the sober voice Of
reason, If It's struggles for an audience can be
heard, Will speedily convert the tempest 10 the
calm. La that spirit would discuss, briefly. this
measure. We have slept upon it. The cool re-
Election OF the night has better fitted us for prop
er views. We have taken a step hastily; taken
II IN exasperated feeling, and we propose now 10
re consider. Let ia, IN good faith then, review
what we have done, and the arguments which
hare induced us to do it.
Why is 1t, Mr.. Speaker, If all be right, aud our
reasons be convinced, and our motives be pure.
that this, measure was hurried through The House
with furious precipitancy? WIZ the previous
question? WHY no moment for farther arguments?
WIZ = resolute refusal, upon the par. of the ma
jority to adj ,urn, tha, a few hours thought might
intervene? Why oil this, if gentlemen be agreed
that reason aud political integrity demand the
passage of the bill before Us? That which has
propttety and reason TO 1t; that which
Is found IN truth, Is not apt 10 shrink from the
closest Investigation. In this course of things,
there - indirect evidence that the proposed bill
Is CT doubtful merit.
What have we done, into the rrcprie,y Of IN.
DOING when | am now enuuirInuP Nv n marty
vote thus House has repealed a portion of the
charter OF the State bank of Indiana, having ye,,
by It's terms four years TO run. This is taking
strong ground, all must admit, Why has i, been
taken? Before any measure is resorted to. the
most uncomfortable as well as the most important.
the inquiry of the prudent and honest man is d.
rected to the reason of the thing. that his mind
may be furnished with data by which to act
Let US then first, Mr.. Speaker. state The Question.
involving our deliberations, as simple as We can.
that the mind may discern clearly the entire
ground which it covers.
To sum the question up in few words, il Is faI.
ly stated thus: The last Legislature adopted an
act, which was approved Feb. ., 1911, to provide
III part Tor the pay ment of tho interest on the pub.
lie debt; to increase the stock of the state in the
state bank, aud 10 authorize said bank IN ;ss,o
notes OF a denomination less than FIVE d.ilars-
BY the sixth section Of that act it is provided
that the state bank may issue notes Of Il denomina-
tion less than i've dollars. tnan amount not exceed
ing one million Of dollars, subiectinc this privilege
TO issue, to a restriction. IN point Of tIGae. 10 three
years. and requiring the bank, in consideration of
this right given her by The state, to pay one per
centum to the state. which would be ten thousand
collars. The bank declined tuIs proposal. The
legislature then passed q second act, approved
Feb- 10, ISL. converting the surplus revenue
Iond received by the state. the college and other
'uhds, INTO bank stock: providing by the I1th
ssction oil the act, that the counties in the state
shai' DC 50 converted into stock. This act further
pfosides mat the righ, TO issue small notes shall
ue EXTENDED i'T i've years 10 the bank. and thai,
!" s'a'e VIII not require her TO pay any boaus.
=. ~ 'e's'"' 'na', by these terms, il they be
accepted, she Will collect, and pay cut and be-