Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1846-02-18

However this bill had scarcely passed-t had not receiv-
ed the signature of the Governor, before bill passed
apPropratng about ten thousand dollars out OF the State
Treasury a part Of the OF this county pay for
the location OF the tension of the canal. Not only
this, but til of this bill provides that the
tolls aaI revenues Of sal canal shall be applied TO The
repairs AMI expenses thereof ami the OF the
until after the first day of January. lsi7. Thus
giving the proceeds of the canal present year, the
extension Of the canal Tn State, this year, should
have received least 900 from the completed portion
OF the c1aii, bat DOES not gst any thing
Do you believe this will stop here7 We 60 We
have Judging Of the except the
past Ii this loan subscribed, by bonGholters
othersthe ten per paiithe other portion of the
bill fls ami the friends of the canal will ask that ali the
lanes. and revenues of the canal be appropriated to
complete the canal AMI influences which pass
Cd this bill that Such be the ana
effect Of all previous legislation upon this canal
Now look at the law it is enacted. Suppose the ai
to be made in failthe bonds surrendered tho
amount Of one half Of debt-one half of this AMOUNT
is placed upon the canal-the deed is madethe LANDS
pay the advance, ana receive for the canal
equal fourth of debt. There three
ourtts still outstanding-one fourth of this three fourths
is provided for by upon the people One half of
the debt still unprovled for What viii You do with
it? b. the provisions of this bill unless the bonIhold
surrender their bonis you re2aaats half of the
public debt.
Mr. Julian says fancy has interpreted this BILL
We think there but little fancy the the State has
been treated in the prosecution of this canal heretofore
The Payers Of Wayne county will think there bat
little fancy paying the Treasury year after year,
hundreds of dollars extend this work. We voted
gans asking the general government for the last grant
Of land year ago-we voted against receicag be-
believed it would be ms efficient 0 make the
canal and that the State would be compelled advance
money from the Treasury that which rightfully be-
longs TO the Treasury, to complete the work.
1t may be sGreained of voting for bill
believe 1t will result but they might have deter
mined to vote for 1t right wrong-without knowing
caring what wonld be the result of And it would
have been well for the State had they been in sound
sleep.
Mr. Julian other arrange could have been
made, than the which has been passed. 1t is
whatever pay least portion the State debt with
the advice and counsel of Mr. Butler late President
of the American Land Company. +see Vi hcnze book
exposing Hoyt, Batter ana otlers) We know that had
been for his Interference, plan would have been
devised an naured whereby portion of the state debt
least might have been paid. But if this law should
fail, believe il will, how long will be before
legislature viii be found willing make any other
rangemcat Int rest IS accommodating the fearful
OF half million }ch year. and if this law fails
than S2,000,oa0 will be added to the State debt before
any thing else ,sill be done.
We have alrealy extended this article to greater
length than led Time determine
who right regard this matter. II it should
diana VIII be released from her debt, ami although
this bill viii occupy very honor 81 in the
debt paying States yet she Will be able pay
of her debt.