Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1846-01-29
HOUSE OF REPRESENTATIVES.


The bill for the payment of land examiners, clerks,
&c. OF Wabash and Erie canal lands read third
time aud passed, ayes 45, 80
The bill establishing land office for the sale of canal
lands was taken up-new gTant-the question being
establishing the land office Point Commerce in Owen
county.
Mr. Thompson opposed the amendment, being in-
convenient lie preferred Washington a more central
point, and moved amend by striking Point Com
merce and inserting Washington. "
Mr.. Osborn Of LaPorts said that by sale of these
lands virtually accept the grant of Congress,the eff
feet of selling an acre is 10 accept the grant, and this
pledges the fsllh Of the State finish the canal in IF
the canal bnt he unwilling to pledge the faith of the
Statea single dollar finish the canal The lands would
not realize more than from 100000 81 900, and
AT the lowest estimates the canal would cost from ST.,
100000 81 1000. The friends of the canal we're
sticking their coulter little deep. That canal last
year dad keep Itself in repair from It's tolls by upwards
of $50 900.
Mr. Clements said that this bill does not provide for
appropuating dollar of the proceeds of these lands
the canal The money to be placed in the State
Treasury the decision OF the bondhOlders. He
thought entirely Impoliic to keep these lands of
market IL would prevent immigration and tile
qrent settlement of that portion Of the State
Mr. Pennington thought the House ought to be careful
how legislaed on this Question He wished the bond
hold if the bill passed giving them the canal TO have
the full disposition Of the lands
Mr. Downing mo, ed to amend so that nothing shall
be construed To pledge the faith OF the State for The COM
pietnn Of the canal, &c
Mr. Thompson ed to indefinitely postpone.
Mr. Clements moved to lay the till on table which
motion did not prevail
Mr. Baker said, gentlemen did not understand the bill.
Even if we did not accept the grant could sell the
lands by paying the government 81 p per acre.
if do 40, finish the canal. The bill provides, for a
sale of lands at 81 so $500 and 81 0 lie believed the
title already vested in the State of Indiana The
money be deposited in the State Treasury subject
TO the future disposition of the Legislature.
The question taken an indefinite posiponement
and decided in the affirmative ayes "a, noes 25
Mr. Serrest. from the commilte of Ways and MEANS
made the annual report from that body five hundred
copies Of which ordered to be printed.
The bill ofIhe Senate oimprove the common school fund
being bohus Gf one per cent from the bank for the
privilege of issuing small noteswas read second time
when
Mr.. Cookery moved TO lay on the table which mo-
ton did not prevail
NJ. Osborne of Laporte opposed the bill lie believed
il had passed the Senate without ITS provisions being
fully discussed He then proceeded in a speech at
length, to advocate the issue of small bills, &c
Mr.. Sapp opposed the bill He believed the Legisla
had the right at any me to repeal The law for the
issue of small bills. tie complained OF gentlemen urg
ing the passage OF this bill when the House Iul
The bonus only bait to catch votes for the Bank
had once rejected offer of this kind. The title
deceptive He enqured, readIng the BILL of the Cash
Of the Bank, whether the Bank would likely accept,
and sent up the answer of the Cashier TO be read.
Mr.. Sscrest objected to the reading.
The House decided that the paper be read which
sfates that is certain that single of less de-
nomination than FIVE dollars, would be issued after the
passage of the bthst instead of increasing the effect
part of the profits OF issuing small notes in the end
to common schools.
Mr. Secrest said, that this extraordinary course
OF the President of the State Bank, through the CASH
Ter, by his factotum the chairman Of the State Bank
committee, in sending speech here argument
for the continuation of the issue of small bills When
that gentleman had this floor, he would reply
his gumenf. He denied that this bill had passed the
Senate without consideration; he informed by
spectacle Senator that was fully discussed and passed
by ayes and lie referred the doctrines,
preached the Of this session. that the
Bank had the power continue TO issue notes Not sat
ised with this the bank stalked these Halls
with arguments in its favor He wished the question
settled whether the Bank has power not, issue
small notes He then referred the first law providing
for bonus. The second, that obliged the Bank
Of the funds for that privilege, for a psriod
FIVE years. That time is out, and he wished the
question settled by the passage Of this bill, and that
without amendment.
Mr.. Porter commended, on comparing the two laws, iha
the power of the Bank issue small bills was unlimited
the end of the chartsr-he object of law
limit the time in which the Legislature has right Il
interfere. That time has expired, and the Legislature
have the right to interfere This bill provides
that one per cent. will be charged million of dol
lars whsiher the Bank issues that or not TIL
Bank, he believed. drd wish to issue that
Mr.. Osborne Of Laporte made some remarks when
On motion, the House adjourned.
AFTERNOON SESSION.
Pubic Debt.
message from the Senate by Mr.. Lane Of Wander
bursh the passage Of the bill Of the House
this subject with anendments.
Mr. Mcdonald dAi not consent 10 the amendment II
wished II be understood that be voted against ever
feature Of the bill.