Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1847-02-11

charged sgans, the canal and for which no pro-
vision made by the Slae and 10 pay the principal Of said
stock in full fast be doae-hst paying
.ne sno Prinea' 40 JUL 20 soen :,
rance aforesaid"
Again the Wabash Senator says, that
The bill Of last session exacted Of the bondhoders
subscription of 50 finish the canal to Evansville
and compelled them finish il in four The present
law subscription Ssoo0o bat exae Of them
such further advances will be necessary 10 complete The
finish work"
Now here again the Senator shows his ignorance
of the nelc bH as the following extracts from the
seventeenth and tenth sections of the nea0 biu are
conclusive evidence that he does not understand its
provisions or else he desires to practice base decep
ton upon the people of Indiana:
Noac therefore be ii enacted That the completion
said canal Of the works belonging Thereto or
connected herewh shall at any time be obsueed reard
ed injured damaged destroyed, BY Storm tempest, hur
cane nundstiOn FIRE, civil military commoon, foreign
invasion. unavoidable accident by the msfea
sanee Illness ineapacy absence, voluntary or involuntary
or other Of omission commission, the
part Of any officer be named and appointed by the State
lust allowances shall be made for the same and the
time during which such works shall be suspended which
be necessarily occupied in the restoration repair
thereof from the Aforesaid or any oil them, shall be
omitted Of The computation OF time.
further enacted, That in the said trustees
shall not have fully completed Evansville
within The perod Of ten wears from the passage of this act
with exceptions to casualties &c. mentioned 10 this
section and that the lands and property hereby
and reced provided TO be granted, shall
vert back the property OF the State free from
all liens from any such certificates: PTOrided That all
and for the sale Of Of said
lands made good faith prior to such Teversion, shall be
valid and ectua though no such eyerslon bad occurred
SCI IL.
Propided also That the proceeds Of the lands in
the Vncennes District shall be applied only the
ucon Of canal from TeHe Haute to Evansville, TO
repayment Of the cash advances made by the bOndhodrs
for that purpose H.
We will make one more extract from the synopsis
of the bills as given by the Wabash Senator, and
then leave IL and him to the condemnation of honest
public not because there more erroneous state
mens in that communication, for there is scarcely
''any thing else, but because we lack time and pa
thence to analyze the exposition of the Senator and
expose his ignorance further He says:
Like the bill session. divides debt OF
ana equally between the State and the csnal'
Here again the Senator is in error, for we find tie
following provisions in the old ball, and they show
that by the bill of last winter the debt not dIvi-
ded. Sec. 30 provides that
shall be optional with the State any hereafter
TO call and require surrender of the outstanding
issued under the first section Of this act, by giving the
holders of such stock new certificate for the one half of the
principal thereof bear and after
per per annum and which principal and interest shall
payable redeemable by the State of the
State aud by giving such holder another certificate for the
other half of the principal of such stock to bear like in
ri five ceDtum annum and TO be paid and
deemed and only paid and redeemed of the said
lands, and the tolls and revenues of said canal"
If tie reader has carefully examined and compared
the above extracts he will have perceived that the ST.
nopsis the bills given BY the Senator in the Express
is erroneous in several material points First in sta
ting that the bill Of last session. only gave the bond
holders who advanced means to finish the canal the
priority of payment, out of the canal revenues, fo
the interest the advanced, and the princpa
of the Gdrance also and there says the Senator 1
stopped Now if the Senator had not been ignoran
of the provisions of the old BILL he would have known
that the priority given TO the bondholders, who mad
, advances, did not according to the provisions of tn
old bill stop there, but extended to the payment of th
interest the principal of the bonds surrendered
1t the subscribers who made the advances, and it ais
L extended the payment of the interest and prncipa
of the special stock created by the back interest
there it stopped, and in my humble opinion that wa
o as far as we should ever have gone.
II Again that Senator says that the bondholders ar
d compelled, (by the bill of this winter,) complet
the canal in sir years, whilst in the bill it is ten years
Again he says, that the lands TO be made sourc
N of revenue finish the work while the bill provide
that the proceeds of the sales of the lands shall
= used for that purpose or to the repayment Of The
Alliances made by the bondhoders, for the construc
ton of the canal between Terre Haue and Evansville
Again he says that like the bill of last session,
divides the debit but the bill of last session did
d divide the debt but left it optional with the State
~ a communication from Senator, who in fave
= of the bill, which goes TO show of three things
a Either first that he much absorbed in procu
ring its passage, that he neglected to read the bill
last session. or the new bill of this winter
w. that the bill was of so complex nature that ae
reading it, he could understand its provisions
20 thirdly, understanding the provisions of the bill.
desired to conceal its true meaning and intent fro
n the people, by making it coincide with the bill of la
r session Now, if his Ignorance OF the bill proceed
,y from the first cause then indeed is he poor expoun
at er of the provisions of bill which he read b.
if this be the fact, he not alone, for ventu
the assertion that half of the friends of the bill neve
IT. read i, because it so long and complex to
der its provisions almost impossible to be understood
er hence many of them to their own language "we
I ii blind" and relied alone for correct explanatiC
No of the provisions of the BILL upon Mr. Butler and
We cooperators in stockobbng, oce-seekng, landspe
raj ulating patriotism. Now the evidence, that they
MS rely upon the statements of these is to be -four
on in the fact that if member requested friend of Il
y, bill to explain of its mystic provisions he a
s ways desired him to 60 to of the PATRIOTS wi
would explain its provisions to him. Indeed nj
Butler, whilst lecturing the friends OF the bill In
Gus one night. with regard to the meaning of some
ey its obscure passages remarked, you (meaning Il
oil members of the Legislature presently cannot expect
lat understand fully the psovisions of this bill, but
he (meaning the parios understand it, and it is suf
cent for you to know that the bill drafti
with great care by n celebrated craftsman in Londo
Ne selected by the bondholders for that purpose.
And now while we are on the subject of the cor
oi plexity of the bill, would ask every hone
Ter man in the State, whether he be friendly to the
=" bill or not to read it. and then ask himself the que
ect tion do understand its provisions and the hone
N, response III niDeynine cases out OF hundred won
- be no. Indeed the members of the Legislature, M
10 of to!ent and worth, said they could understa
IL oh