Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1845-01-09
HOUSE OF REPRESENTATIVES.

WV - I'LL ~ A 49,
Mr. Brown presented a bill Incorporating the Midtown
Bridge Company. BY Mr. Byers giving additional COM
pensation to the Auditor Of Monroe county. By Mr..
Mcclure of Scot. changing the mode of doing county bu-
siness in that county. By Mr. Manville, to amend an act
for the relief of David d.. Weddle. By Mr. Wright of
Switzerland, TO revive the 9Th section Of chapter III of re-
vised statutes. By Mr. Byers for the relief of purchasers
of seminary lands IN Monroe county. BY Mr. Petit, 10
amend the act to incorporate the Wabash Bridge Compa-
nv also, a bill concerning releases. By Mr Rose, TO
amend the act changing the mode Of doing county busi-
ness in Clay. By Mr. Blskemore explanatory of the act
in relation to the issue of patents for the Wabash and Erie
canal lands; also. to amend the act to incorporate the city
of Logansport. BY Mr. Petit in relation to the fees Of
recorder and auditor in Wabash county.
ReuenUe BIZ, DC.
Mr. Herod, from the committee of ways and means,
made repor: in relation to the finances Of the State, sc
companied by a bill making general appropriations for the
year ls45 which was twice read and committed to a COM
mitlee of the whole House for tomorrow; also,
A bill to raise revenue for State purposes, providing for
a tax of twenty cents on the one hundred dollars and fifty
cents poll tax fourteen cents cents to be set apart for the
redemption of outstanding treasury notes five cents, to-
gether with the poll tax, to pay the ordinary expenses OF
the government FIVE mills for a lunatic Asylum; three
mills for a deaf and dumb Asylum, and two mills for the
education of the blind which was read twice and COM
mitted to a committee of the whole for tomorrow also,
A bill to prevent the accumulation OF interest on iressu-
nv notes, &c, providing that quarter of one per cent treas
ury notes ahall be issued to redeem six per cent treasury
notes outstanding, with interest computed, where they
may be presented for redemption, not TO exceed two hun
dred thousand dollars in amount.
Mr. Robinson of Carroll enquired, If the bill he had pre-
scented providing for a loan. aud which bad been referred
to the committee of ways and means. would be reported TO
the House. MIR Herod answered, that IL would be report
ed back this morning. MI r. of c. commended. that an rs
sue of Treasury notes would be bad policy. He thought
the plan contemplated in the bill be bad presented, provId-
ing for s loan, would be the better policy.
Mr. Herod said, that the bill ne had presented did not
contemplate an increase in the amount of treasury notes;
but only an exchange for treasury notes outstanding. He
said, that from the best information the committee had been
able to obtain, there would be a sufficient amount OF par
funds collected to defray the expenses of government.
The bill was read a first AID second times and committed
to a committee of the whole.
On motion of Mr. Wight, one thousand copies OF the
report of The committee Of ways and means wire ordered
to be printed.
Mr. Herod also reported back 10 The House the bill pro-
viding for a loan, &c, with a recommendation that the
bill he laid upon the table which was not concurred IN.
Mr. Robinson Of Carroll then moved TO commit to the
same committee Of the whole, TO which the Other bills,
Just reported, had been referred.
Mr. Rich moved TO indefinitely postpone the bill.
Mr. Robinson of Carroll said, that the ball under con-
sideration did not provide for a loan to redeem treasury
notes, but to deray the ordinary expenses of the State.
1t provided, that if a loan cannot be made that there shall
be an issue of treasury notes. The Bank Is largely IDter-
ested in keeping up the credit Of treasury notes, and he
had no doubt. that rather than have treasury notes issued
a loan would be effected.
Mr. Herod said, the committee wished to avoid both a
loan and an issue Of treasury notes, believing there would
be a sufficient amount Of par funds collected TO dehay The
current expenses. IL the motion to indefinitely postpone
was pressed be wsud support II.
Mr. Robinson Of C. was fearful, by indefinitely postpon-
ing the bill, that the hands OF the House would be tied, so
that no action could be had on this subject, during The ses-
sion. He thought the State should be placed ia q condi-
ton that would not depend on mere contingencies for
means to carry on the State government hence the eape-
diency of the measures contemplated by his bill.
Mr. Wright of Switzerland ~coniended, that unless an ex-
change of Treasury notes wa effected, the SIX per cent.
treasury notes would cease to come into the treasury, these
notes being in the hands of brokers and others who would
keep them for The sake Of the interest, and these notes
might not be redeemed in ten years
Mr. Wright took the same ground. and commended that
one quarter Of one per cent. treasury notes IN ms Parto
the State would pay debts at par. and would circulate free
ly with but little depreciation, and would be more easily
got hold of than the six per cent notes 10 pay taxes.
The question was taken on en- indefinite p~ostponement,
and decided in the affirmative, ayes Sc. noes 80
+ The Senate now came into the Hall and both Houses
projected, by a joint viva voce vote, TO the election OF Q
State Librarian. The following is the results
LIST vote. I'd VOTE
John b. Dillon, IS 80
Robert G. Allison, 65 60
Blackiedge,
Ii, nouufoec