Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1846-02-04

lag uaS3g
t.f,c. 70 the Wabash and Ere Canal, provides for
.,.,t If oee Aalf Of the public debt Of the state.
- - ,I, the law provides that half Of the debt
- h. arranged, provided the bon iholcrs arc willing;
a., the law only requires }oaTt Of the debt to be
,1 on the CANAL il h nj be transferred by del
to the BondhoilerS.
The editor Of tn: Record thinks iessr. Bradbury,
Lewis Legg humble self, did not represent tho
a Of the people as trply as did AIr Julian who voted
for the bill. We have disposition 70 hnI f1ut with
Mr. Julian for he gave IL acted every
and every should from The convictions
ofhs own u5graent. Bat let inquire what the
features of the ILL voted for by Mr. Julian. 1t prov
that whenever bond Of thousand dollars should
be surrentercd the state, and 2,e)0 should be sub
scribed the completion OF The canal and ~ per cent
thereon paid the Governor cud transfer by dcca 20 the
Bondhoders canal and all the lands, amounting to
some 100000 ~ this the EondhoIdcrs might
have obtained deed for the canal and all its lands for
the 10 per they might pay complete the canal, and
the State had security the balance Of the subscrp
lion would be paid 1t sail there lands enough to
complete tie canaihcn, they would have paid, lPror
ded the whole Of the sal advance had been pi)
inst one thousand dollars the canal and all its
me- True other bondhoiers might come in, and it is
said 'whel the Sly fails, Turks mny be caught
The only feature in the bill which makes it only toier-
erable was placed upon BY the Senate AM after
was voted for BY Ir Julian. Hal the bill proYiiel fpr
carving the pI4n proposition Of paying L..f Of
the public debt BY the canal would have voted for t
and doubt not, the entire delegation from this
" would also have done We advocated AMI pie gel
ourself support tn bill provided the friends of would
insert 10 millions, and require half of that
be maid BY the canal We believed Butler had author
ity VIC believed that waste of time negotiate
with hi,n-iat his sole object get up a speculation
in Bonds ana that had connected the proposition
complete the canal with it with view Of cnsnring the
In, passag, OF his bill. Those who voted for the bill
may Be willing implied contracts, but
disposed to do any thing Of the kind. We not
disposed to sell the canal credit certain Bonds
sold 10 the Morris Canal banking company and
for which the state received amy conlpe nsation
The bill Objectionable in another sense 1t
and is complicated be fully understood, except By
close study. y lii Of cuc-sNth the length would haze
been sufficient to haze covered the whole proposition had
hbcen simply pay half the debt with the canal, ami
leave the state to pay the b4lnce.
We hope the editor Of tlc Record, viii, after re,lng
the bill inform s readers, whether it pays half
ihc debt, - Il, unIcrstln IS il.
Nrtc Yak T'fit4a.-iafi7aq p Jt.--In times ,.oa.
b, we wcr, All a5a.ircr Of III or Of III Tribune.
We have ayhuovlc' III services to tn. Wing party.
and to cu.ason country. y n deemed him honorable
and honest in all things lat his 7cc,nt course in regard
the debt % la iiani has placed h!ri IN unenrahc
position Daring t.le SESSION q o!f ss''t 'tl .'.'-
ring the penlcncy Of tin Canal ILL Nr. Butte, tie
pfetcad a-c Of ta benaho!ierS was aeoat e!ly seen
obhies Of the Sruat, eh1ulbsr, reaia1 GA itari
articles FROM tic Tribune VIII j Recommended "a strog
and emphatic terms g ths Legislature, eunp!ianee with
III proposition of Ms }t.-e. W wtre surprised 1t the
course Of Mr. Grsely taai ra"'pnan Ing s. dssloA-
orabe course 70 InaltAa. We % not know that his
remarks hal any lnurnee upon nent'rs OF the egsi-
tuo, but they u-ci for that purpo7, by tins Mr.
NJ
we were not little surprise, t. ias III I'll Iribune OF the
9Th ult. the following aIusl2:
V, can alv eau tcr his coa,prai-e less dis grace
ful to the tats than p.F.st. IL .c Jplaiat.oH.--
Iu.aIa honestly o,. til l.s,e interest j.. her bonds;
shc II asia 10 y IN OUGHT i, p, t. III itt.rost C.rth-
inr Ten thous.n l.an , Its ee, .a1- At great in
eonyrui,u,, ana s..TGea-r,r rr.atsr thaa she need
hay, made 10 nav III, I'll! int rest on sr debt But She
wus 5l, IN rsist IL, dishonest lt r,ites with immunity,
,~, ,-s could t,t j. II ,i,.,,.e, l,,,. ,i,,r.-