Indiana State sentinel. [volume] (Indianapolis [Ind.]) 1845-1851, 1846-01-17
che 1noiana legislature
Repatriation the Indiana Slate Sentinel
HOUSE OF REPRESENTATIVES
AFTERNOON SESSION.
Public DEBT.

AFTERNOON SESSION.
Public DEBT.
The House resumed tb. consideration Of the bill pend
IN. At the last sdIuurnmen-he question being
sid. ring the referring the bill TO the people.
Mr. Clymer said, he had made more speeches than
others bat he rose lay additional information
before the House lie had touched the merits of the
bill. lie had pledged himself that If this amendment
adopted, he would support he.bl here and else
where. The friends of this amendment called
demag"gues and the gentleman from Knox had said that
d-magogues would take up he bill item by item, and in
this prejudice the country against H. II to refer
matter of this magnitude the people, be To act he
demagogue, then he willing To be so designated.
He confessed that he unnstructed
Mr.. CIymer here read extract from the speech of
Mr. Butler the agent the bond holders, mt TerreHau
last summer where he that the bonds of Indiana
held by the Earrings and Rothschilds aud other
rich men of England but by widows and orphans, " no
suffering for bread He asked. if such
were facts, how would tins bill the of
such bondhoders, when provided that before they
could avail themselves ct Ms advantages they adj
To Indiana millions and a quarter of dollars
He repudato; he felt for the interest of the class
of individuals last menuoned He had another matter to
speak ola promise had been offered to a member that
the northern canal would be tacIy attached If he would
go for the bill.
Mr. Secrest wished gentlemen would locate their
sweeping charges.
Mr.. CIymer said he did impugn the motives of
members The offer was made TO member, and not by
member.
Mr. Secrest said the gentleman from EIkIart had
pledged himself yesterday, for the BILL If his
amendment adopted but to-day he says is bill
Mr. laZelrgg said that those Who voted for the amend
would be bound for the bill; they
il after this amendment adopted, would be
tIstrustIng the people, and this the bill might DE
passed almost unanimously. Now, he put the friends
for consideration whether would not be better pass
the bill unanimously than pass with meagre and
bare majority; for if thus passed, the people would dis
trust the measure, and would be made odinus that
Legislature might be sent up here, that would clog
the operations OF the law make it entirely nugatory
He cared who held bonds. Ii was understood
that many Of them held by trustees for the benefit
of widows and orphans BY this bill we would pay two
and half per cent aud this, he conceived would be
greatly beneficial. So far the other and a half
per concerned, he doubted very whether
any thing would ever be derived from the canal.
Mr.. Vandeveer took the position, and proceeded
al length TO defend the amendment.
Mr. Nelson had troubled the House little as any
other individual Himself and colleague represented
300 voters Charges had been made that lie sorry
10 hear made. He, when the system of Improvement
was adopted, was classier He was then called
nulliher. This charge incorrect. Now, when he
could not go the whole length he called repuda-
tor Such not the fact. In 1881 a law enacted
to locate the Of justice Of Carroll couny-wbere
similar provision. referring the the people, was
contained IN the bill Here precedent aud gen.
temen had told him of others. He asked is all The
intelligence OF The State congregated in this body He
believed There thousands Of men the Stale
well qualified as members ot this House. Gentlemen
had told that the accepted time-ihat this
the dav of salvation To the State that the bond
holders would fly away If refused adopt this
nre. In this gentlemen were mistaken. They would
be- mere year. We need if they took their
departure the He of a military
man, and he knew that much easier get
difficulties than get of them II this amendment
adopted he would for the bill and he would
home.
Mr. Thompson said, that the the friends Of the
bill were pursuing calculated drive off
bers from its support. Did gentlemen believe that a
Legislature could be returned here winter pow
To repeal this bIll They must be ignorant than
he believed them TO be, If they sincerely entertained
such sentiments One gentleman said, that if this bill
did there would be acceptance of the
Congress-
horn in Legislation. lie asked gentlemen adopt the
sentiments of the gentleman from Boone-and come up
with unanImity and pass the bill.
Mr. Sleeth did not make a speech He wished
briefly his in reference the amendment
and in the he would that he favor of
IT. The friends of the amendment had been charged
with being repudators; they had been charged with
intention tn the demagogue. lie repudiaror.
He in favor Of paying the debts of the State His
constituents informed Of The features bill
He understood the general features of the bill and
favor of them but the general tendencies of the BILL
in It's deiail- he ubacquainied with. He wished
referred that he might examine the bill with his people
lie agreed win the gentleman from Perry. that the
friends of the bill were pursuing drive
from the bill The agent of the bond holders up
here with his plans well maured wished to examine
them Ii the bill good one he wished preserve
II, and that II might become the settled policy of the
country. In this question he proud of having
vote referring this matter to the people II was ne" an
illegal proceeding The question be referred to the
people was not whether They would pay the debt or re-
pudIate, it whether they would enter into this par
iIcula They in fax Of epudlalIon
lie SAID that years Pennsy Ivanta referred
question Of similar Importance back the people Ills
constituents would he repudator for the
course ne pursuing They knew HIM we'll
The question now taken reconsldering the vote
and decided in the affirmative ayes 90 noes 81.
Mr.. Hazelrigg moved 10 amend that all the 70 es
given Tor against the MEASURE
enor, shall be counted for the law which amendment
not adopted
Mr.. SecreSt hoped the amendment of the gentleman
from Eikhart would be Withdrawn when he would offer
an amendmen nj hat the hoped would produce harmony
nd Onf nj Tho
the canal should for half the debt and per cent
bonds be executed Tor the other half
Mr. CIymer sad, this a proposition He
hoped II would be printed, and the bill laid until
morrow II II would stand the test of Investigation lie
would go for the bill
Mr. Mcdonald warned gentlemen not to vote for anv
bill that did not refer the matter the people.
Mr. Clymer refused to Withdraw the original PROPOSE
lion referring TO the people.
The question taken the proposition refer
ring the people and decided IN the negative ayes A.
so
Mr.. Secrest then offered amendment provi'ing that
the State shall have the power call in her bonds and
cent 10 be paid Of the of the canal
Tticstes for the other hafthe holders ( these cer-
stes looking tie canal alone for tn redempion-gv-
Ing the State the at any time. by paving these
certificates TO take back the CANAL in the following words
to wit:
ter to call and require surrender of TIE outstanding
stock issued under the first cf this act by giving
10 the holders of such stock certificate for the n
hail OF the principal theref TO bear interest and az
ter the rate of five per cenum and which principal
interest shall be payable and redeemabe by the State out
Of the thereof. the principal he
pleasure OF the State and by giving to such holder anoh
certificate for the other half Of the principal Of such
stock to bear like interest Of five per per
num- and to be paid and redeemed. and only paid and