Richmond palladium., 1843-12-08

of Congress TO select lands equal 10 The quntty .
covered by Indian reservations Oh tae lands Sc
lected on account Of The Wabash and Erie canal
east of Tippe canoe river. This duty perfor-
med during the psst summer by Messrs Sger &
Murray, who were appointed for that purpose. IL
was found that Of the lands selected for the canal
west Of Tippecanoe, a cen siderable Quantty was
taken from the State by redemption claims Ii
was also signifed to The Executive that the
rignal selections for The Wabash and Erie canal
were made on the assumption that The canal fol
lowed strai ight line whereas by taking he actual
length Of the canal as located for the basis Of the
sections, the State would be entitled TO ad
ditionaI quantity Of land. The above named
gents IN obedience 10 Instructions, selected lands
IN leu Of those covered by pre-emption rights,
and the same time addlional lands supply
the deficiency arising from the alleged error IN
taking direct line as the foundation of the pre-
vIous selections. This latter claim has been
submitted TO the action of The appropriate depart
ment at Washington City, and viii probably be
determined during the present winter.
1t may be proper TO mention. that by tho act
OF lSl2, authorizing the continuation OF the pub
iic works by companies, provision was made Tor
dIsposing OF oil or any part OF said works to IN.
divIduals or companies, for ,ne bonds which had
been issued by the State. II was also required
that publication Of the object of said should
be made for thirty days in the Journal OF Com
merce, published in The city of New York, which
requlsition was Immediately complied with by the
/ Executive. The hope entertained by some.
that ns the bonds were greatly depreciated, and
the State bad agreed TO receive hem a, their
face, ,ha, no inconslderable portion Of the public
debt would 10 this way be liquidated. But there
have been as yet no propositions submitted for the
re turn OF bonds IL this mode and cannot
reasonably expect my relief from this provision
| Of the above named act.
The State Bank of Indiana still m1ntains her
credit, and with The improvement, of the times
will be able to resume her usefulness. The ques-
ton no longer admits of doubt that this in nstiu>
ton, under the same prudent management which
has sustained il thus far, will survive the Difficult
ties and embarrassrnenis which have involved SO
many similar institutions in ruin.
The following table exhibits The general condi.
ton of the afftirs Of the bank, shown the
3lst Of last October:
Discounted notes and Bills Of
/ Exchange, S2,6lO, ,69o %
Balances due FROM and notes of
other Banks, 427,437 II
/ Balances between, and notes Of
| other Branches, l59.5l6 Is
Specie, 960, ,306 81
| Other sources, 925,l ii
S5,l22,l42 Il
Notes in circulation, 50 115,223 81
Notes in other Branches, l2O,5i0 0t
Individual deposites 2OO,24S 8:
| Balances due other Banks, 3S,632 ;:
| School fund tax, :
/ Suspende interest and other items, 29,367 81
S256l, ,5Ol 81
Rema inder, being amour, Of State
| and ind,v idua stock, and prof.
fits thereon, 2,56O,640 5s
/ S5,l22 l42 4.
By this exhibit the following changes have Ia
ken place in the amounts Of her circulation ant
specie, since the statement presented in my Lac
annual message:
/ Nett circulation
October 81, 1913, S2.ll5,225
| Nett circulation
I October 81, 1912, 1882, SIS
| Increase OF circulation in the
| las twelve months, $3.50 7O1
Specie on October 81,
I 1913, S969.3O6 81
Specie on October 81,
1912, 1901 a6
Increase of specie in the las,
twelve months, sl7o,o5s SIS
The exhibi, Of means
above, are, 50, l22, l42 42
All her liabilities,
other than to the
stockholders, are, 2,56l sol 50
4 The remaining stock
! of the State. is, $3.50, 900 90
Saline and Bank tax
stock, 5,7l6 81
Individual and coun-
ty stock, 1,252.45o 9S
---S2, ,l3s, 172 %
Leaving excess Of profi's for
meeting losses, and for dividends, 1923 329 5S
The new State prison commenced in ls41. is
progressing rapidly towards complexion; and If
the policy of the last two wears should be coniin-
ued the cause for reProach so long and 81 i!stly
resting this part of criminal jiris prude nc
will be removed. The report OF the vsiter Of
the State prison. now laid before you, shows the