Indiana State sentinel. [volume] (Indianapolis [Ind.]) 1845-1851, 1846-01-01

opposed, from principle, to establishing by law a
greater interest than six per cent He spoke of the
ruinous consequences Of the old usury law, which
allowed persons to take any interest that might be
expressed in writing In his town, under the opera
ton of that law nine hundred per exucted
by man that was called one of the best christians OF
the country. The institution, had been before
remarked, would pay seven per cent. Tor the whole
time, to which they wished the time OF payment
extended The original loan was eight thousand dol
lars, and at the end of the five years they would be
compelled to pay SID $50, which would give the State
So 800 III interest.
Mr. Thompson said, this bill, if passed would
subtract from the school fund eight hundred
dollars. This he could not agree 10.
Mr.. Pennington said that nasmuch as the loss OF
this college was an act of Proyldence-he would
be willing even to suffer the trustees 10 pay the debt
in State bonds but as this could not be done, he
would support the bill under consideration If ever
he did wrong in his life he hoped to do wrong on the
side of mercy. He related the history of Thomas
Smith who was "A poor shoemaker boy, gained an
education while laboring at his last-became petit
logger, a lawyer in the Circuit Court, stood at the
head of the bar, became Judge, Governor Senator
in Congress. and died OF the brightest lights OF
the age This is Manual Labor College, where
poor young men may receive all education, without a
dollar in their pockets, and rise and shine like the
umlnaries in the Heavens, and add their efulgent
beams TO the intellect of this dark earth
The discussion was continued AlcSSFS dHueVeeI,
Thompson, Hazerigg and SecreSt, in the course OF
which, Mr. Secrest remarked that he was at first, at
loss to know the feelings Of his constituents in ref
erence to this bill but deliberate reflection, he
had determined TO support 1t. lie could not see how
il would detract from the common school interest
EducatiOn SAID he like the spirit OF liberty, Is dfu-
sve i'll It's character, and without competent teachers
the lights of science Will never be felt in our
common schools. The common school fund had been
diverted already to less holy objects. The Bank had
portion of this fund, and gentlemen stood calmly
by when the deed was done He related number
of amusing Incidents in reference school teachers
to sustain the position he had taken He would haC
he the power give portion of funds 10 Colleges
I'm order To elevate the standard OF education III ou
country. 1t had been said, that portion OF his con-
stuenis we're opposed TO granting any relief to thl'
College. lie hoped that such not tine case. lie
however, had taken his stand honestly and conscen
ciousv on this question, and should those who sen
him here conclude 10 immediate him the altar o
their feelings he would cheerfully make the sacrifice
Mr.. Riley opposed the bill and contended, with muct
feeling that we should rob School fund
for the benefit of any College lie hoped the amend
ments the bill would be adopted Pass this b SAT-
he and Will precedent that VIII be greatly lJu
rous the country
The bill and amendments were temporarily lald on The
table and a bill from the Senate taken up Tor
change for the trial OF SIlas Doty from Alie
10 Elkhart county-on "A trial for murder; which wa
three times read and passed.
The bill in relation TO the Wabash College was again
taken up.
Nj Cookery moved the previous question: which be
ing sustained put, To wit: Shall The bill pass =
(whout the anendments) and decided in the ncgail'
ayes 81. 81.
On notion the House adjourned.