Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1846-01-28

sbosd DI'"s ,cu From tho tent of the far
4 snsAJyy I;,n. from tho harn'ets on inc verge o.
1 wy 80, from villages far ard near, from Vaic
esilAda from dcns Of vico and lars OF crime,
l 500 ,dol,erers chamber, ana from the muir
from ~ t.un, would come trooping to your eye
s fsso chas,y dsfguremonts OF aoomihnDlo IN
81 ..r.ecach impcraonatcd e'i' as Il h''lou Pas.'
/ quy ., YOU its wlhered hand, and cry
soah pom .;,,hor,'' Crimes would hail you.
ahoo ar -; ,,n.at,ons tina, do destroy men would
Al hiobD n,d crv out with hoarsc tones "hail.
bs /" ~, A nd would not your own conscience.
ny Phfeh., Ion doors whcro It bas been I'M
1 Hreah,'5 and Iondost, sharpcsi, and most ou-
na1eu, II them all, summon you TO meet tha'
aoii'hi'. boso creatures you havo not ceased 70
CO., =" ,a.,royinc stream from the dis.llcry!
l., ~ oroude for he Fanded De1! d tie Sfa'e q
,x..a. and for he completion Of the Wo1ash END H.
/ q, Caaal TO EcansriHe-
,,w hearing this title passed the Legislature
!. ,,,o session. We have published an extra
...,.ining the bill rs It pasaad-as II rccoifou
..c,o,nro of tho Governor, and as II IS no" TIC
o1,bc Stn,e. ass member Of the Senate
.,nosod tho passaro of the bill, and as much
..,eorescntation has boon nado ~ REGARD 20 '''c
,r;s;ons Of the law, brief history OF II ana INC
'..,,e oursued by its friends may be necessary
A, tho meeting OF tho legislature, the sHolec'
fu,.;no some arrangement for tho payment Oh
:. State dcb,. was spoken Of by all as the great
Lac, of tho scsson-as matter OF more iihpoF-
,uee to the people Of this State. than all o'"of
,.,snres which could claim tho attention o. 'ho
,eo,c.cnta.lvcs Of tho people. Shortly a''cf '''o
o,s,uiza,ion of tho legislature, tho Governor
transmitted to both Houses a long COMMUNICATION
finn Charles Batter Esq in which he roprcsch-
,od himself as tho agent ofour foreign bond nod
-. The letter was referred TO joint select
committee Of both Houses.
When this Joint committee meet, rcsiouhon was
o,sscd caing upon Mr.. Butler to submit
10 the committee, any and all authority no had II
HE possesson, rs TO tho fact Of his bong tho Az
rHoslzrp aron, Of our bondholdcrs. In cohPii-
,,co with Tho resolution, Mr.. Butler, appeared be-
faro tho committees, and read letter addressed
h,u,usetr to Gov. Wh.comb, bearing date OF
,bo 1S,b Dec. lSl1, III which he stated that HF
was the authorized agent Of our bondholders III
Europe He then read another lcttcr. also WRIT
rvv nv HIMSELF. to the Governor, dated Jan. 9TH
1915, informing His Excoiloncy, that CERTAIN
rou,lcman who had been present during that WIN
Ter reprcsenting himself as an agent for our bona
bolders had no authority, and should not be us
,o,od n Inv tho legislature. Tho next evidence 0
HE authority, he said, was 10 be found IN tho lac
that in Nav last, he attended I canal meeting a
Terro Hau.c, and had thoro DECLARED HIMSELF t
be tho authorized ogent. lic further SUI niued az
an evidence Of bis authority what ho sald YVES
letter from ono Sir Ilorscly Palmer, appointing
him ngent. lie said ho had further evidence
Of his authority, bnt would ask Mr.. Bright, oul
State A CONT, TO state what he know about 1t. Or
the question being pct to Nr. Bright whether ht
knew Mr. Batter 10 DO the authorized agent 0
our bondholders, he replied that no did not; b.
that he regarded By many q tho money
cd mon in tho city Of New \ FORK and that 10 ha'
seen him in conversation with this Sir lioTsoi.
Palmer and he spoke to him agent.
This is the sum total Of his authority; and as Il
this Sir Horsolv Palmer lo is but broker nnt
has no right 10 control solitary bond. VIZ
deemed it useless 10 enter into negotiations witt
a man who had 10 authority to &C. for tho bond
holders. A majority Of tho committee concluded
to receive propositions from him. His first prop
oson was promptly rejected by tho committee
His second proposition was incorporated IN bii
and submitted 10 the legislature. ltpsovidod tina
whenever any bondhodor should give up to III
State any bond or bonds, and take therefor, new
bonds, ono half Of which should DC payable out o
the revenues Of tho State, and tho other half CT
Of the revenues Of the canal. then tho Govcrno
should decd 10 Trustees in trust. for said bond
holders tho Wabash and Eric Canal, and all III
lands and appur,cnances attached thereto; rEovl
pED said bondhodcrs should subscribe 2.223 .00i
for tho completion Of said canal to Evansville
Tho bill was subsequently amended by rcquirin:
the subscribers TO pay 10 per cent on said new
loan. In this way tho bill passed the House, an,
was reported 70 The Senate. It was amended il
the Senate, 50 as 10 require, "that until thoro i
surrendered and cancellod. bonds o f ,hc State, t
the amount of one half of all the bonds outstand
ing Except bank bonds) it shall not be lawful 70