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

that branch may deemed advsabIe-when
subscribed to 20 into the operation by the election Of Dec
tors aethe charter to for hundred years, aad
stockholders to be individually able sc which was read
BY Mr. Taber bill in relation to water power on the
Wabash and Erie canal; which was read twice and Ie-
ferred-
By Mr. Stapp. incorporate Madison Fire Insurance
Company; read twice and referred.
BY Mr. Dole granting the right Of way for rail and turn
The bill for the relief Of the Wabash COlcgs-exiendng
the time Of payment Of loan TO the sinking fund five years.
and reducing the rate Of interest said loan five
was on motion OF Mr. Hazergg taken from the table, aud
the bill was read third time.
Mr. Riley opposed the passage Of the BILL in it, present
shape. He favor Of extend but
posed 10 reducing the interest He thought il would be
bad precedent and much he might wish to that nst
tuition and much he might the
that had befallen it, he could place il
different situation than individual from said fund
Mr. Hazegg proceeded show the Of this loan,
which in consequence Of college
edhce by IRE few purpose Of rebuild
ing He then proceeded show that institution paid
for several years cent nteest-payng years
interest in advance, that the time Of making the
loan According to this calculation at the end Of the FIVE
stated in the BILL the institution will have paid seven
per the amount Of the oan should the bill pass
Mr. vandevee said the proceeds of this fund are, the
end to be set apart for common schools aud he could not
He therefore moved to recommit with instructions to strike
FIVE and insert seven the interest He
willing to extend the time of payment.
Mr.. Thompson also opposed reducing the OF int
rest lie in favor of extending the time, but in
favor OF another provision IN the BILL that should the
curty be deemed Insufficient, additional security should
be required He had the friendly feelings towards
the institution claiming relief but could not give II adj
vanages the expense Of the common schools of the
country.
Mr. Julian would make one suggestion Gentlemen
had commended that the interests of schools
and Colleges not in with each other
He considered their interest ndenticsl This College
yearly sending forth of competent teachers
who felt in the schools of the country.
This institution would pay per cent for the whole
time, and he hoped the amendment would not be made
Mr. Thompson replied and commended that reduction
of this instance would be the entering wedge
TO a reduction IN many Others
Mr.. Vandeveer again opposed reduction OF interest.
lie denied that the colege-bred gentry generally went
into common schools teachers. They generally
went into the practice Of the law and the means Of
promoting strife and dscord IN the country.
Mr.. HazeIrigg contended that the security ample,
the College edlhce being worth more than 6OOO
lie stated that the instuOn its organization, had
turned than 500 well educated Students more
than so Of whom had become common school teachers
which would make one for every county IN the State.
Mr.. Vandeveer again replied
Mr. Shanks remarked that few years a bill
passed. extending the time Of payment not only of the
principal, but also of the interest Since that time
interest had been paid.
Mr. Carr thought that the petition for further relief by
a reduction Of interest," with a bad grace from
institution that had already had the avors extended to
her that she had especially when effort had been
made pay the debt in State bonds.
The discussion further continued by Messrs Riley
and Julian when
Mr. Clymer moved to amend the instructions, so to
include the interest already due
terest SIX per cent
Mr. Bowling opposed the commitment of the bill, and
favored extending the relief asked for by the College
He considered that the that would be given to-day
would decide the fate of that institution Ii tins
consideration that induced him in behalf OF this
College. There a golden rule spoken of in these
halls and out Of these halls which that we should
de others would wish that they should do
The State of Indiana has paid the interest
her Indebtedness for many years-sOme were now willing
o pay half the interest public debt and
for paying nothing at all He wished them TO apply
these principles to the institution under consideration.
From a calculation appeared that she would pay
per cent for the full period which the time o payment
would be extended He had not received College edu
cation HIMSELF but he regarded all alike, whether
they had received their education in Colleges the
schools of the country, whether they had any
education all lie could for this bill and go home
and appeal the better feelings of his constituents and
they would sustain him.
Mr. Cymer considered, that the important situation in
which Indiana placed, from profigae le-
gislauon similar TO the matter under consideration.
Claims for relief beyond calculaon would be presented
if tins bill should pass without amendment There
not in hundred Of the children Of the country that
would think of College education, and he OPP
posed obbng the barefooted urchns of education
for the benefit Of the of the wealthy.
MIR. Cookery remarked, that this was Manual Labor
College where poor young men, without dollar IN their
pocket, had received an education, and who would IN
time come, shed halo of glory the land of their
birth. This College sending forth common school
teachers who aOTding great benefits TO the coun
MIR Bowling replied TO the gentleman from Ekhart,
and referred relief extended purchasers Of canal
lands by reducing the penalty Of orfeture from twenty
five to ten per cent which greatly benefed that gentle
mans constituents, which he (Sr Dowlng) supported,
aud which that gentleman advocated, with his usual
eoquence, before the committee canals and internal
Improvements He wished the gentleman to apply the
golden rule to the bill under consideration.
Before the question taken the House adjourned
AFTERNOON
Bills Passed
To incorporate the BrookviIIe Manufacturing Compa-
nv incorporate the Evansville Medical Society, with
authority organize medical college, to incorporate
the Union Medical Society ct Northern Indiana; for
the relief of BENJAMIN POWELL &c. amend the
bridge the w. and T.. canal for the relief of purchas-
of school lands in Vigc county changing the
of Jacksonville TO Chambersburg aulhOrsng John Hus-
improve mill privileges IN Allen TO amend Re-
vsed Laws in relation to trust funds locating road
Fulton and Marshall authorislng L. T.. Lodge to
collect arrearages of taxes.
The bill for the relief of purchasers of canal lands
and west Of TippecaBoe read a second time when
Mr. Taber moved to amend, by adding amendment,
that in all where The of any land shall
pay the whole amount when the last payment is due,
said shall receive a credit such final payment,
of all penalties that may have been paid such land,
for the nonpayment of interest any part Of the prnc
pal, provided such persons shall be the Of
than leo acres Of said land.
Dir. Taber advocated the amendment in a few remarks
that were felt and appreciated by the House.
.jf. Henton said that il would be criminal in him
TO stand forward defence this bill. None knew
ter, than his worthy friend from Cass the condition Of
those who applying for relief 1t is known that for
the last years the failure of crops and the weahe
have been very oppressive the merOrous class Of cit
liens who have purchased these lands. Hany Of them
exceedingly poor He knew many industrious Ger
mans who for months had eaten full meal fearing
that they might have the money pay for their lands
The amendment adopted and the bill ordered 10 be
engrossed.