Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1847-01-21
HOUSE OF REPRESENTATIVES.
FRIDAY January 10, lS47
Petitions Presented.

Petitions Presented
BY Mr. Tai from sundry citizens of Dearborn county
By Mr. Wolfe, for county out Of Sullivan, Greene,
sc. laid on the table.
BY Mr. Brown Isid on the table without reading.
By MIR Hanna, for divorce laid on the table.
By Mr. Osborn. TO transfer the common school fund Of
Sullivan county fom the school commissioners TO the district
tIeasureIs; referred 10 select committee
By Mr. Hicks, for the relief Of the collector Of Johnson
By Mr. Holman laid on the table without reading
Bits introduced.
By Mr. Clark TO egaze the proceedings Of school district
in building school house in Lagrange county
BY Mr. Ferguson for the relief Of James Boyer oil CLARK
county
By Mr. Neal to establish public highways in Boone county
all of which passed o the second reading.
BY MIR Hull, provide for special torn of the jefferson
circuit court; which ordered 10 be eugrOsseG.
MI Parker abolish the office of probate judge of Allen
county, and authorize the associate judges hold probre
courts; read the fl st and second times and referred the
judiciary committee.
Mr. Suit from select committee reported that further
legislation the subject of the naturalization laws
necessary c0ncuITed ln
MIR ats introduced bill provide for the loanng Of
the University funds; passed TO the second reading.
Mr. Lewis fiOm select committee to change the Of
the town Of New Yok in Switzerland county, to that Of
Florence passed 10 a second reading.
The House again went into committee oil The whole, out
before committee had proceeded far,
MIR moved that the committee rse report piosress
and ask t. be discharged which agIeed TO.
Several amendments the committee concured in.
The amendment of the committee 10 strike out four mill
ions and insert six the amount Of bonds
bere the conveyance made being consideration
MIR Miller moved to amend by striking out six millions,
and inserting five.
which may all be verified without going out Of Indianapolis
There among the bondhodeIs difference Of opinion,
just there in this House. the ability OF The Stale
pay off this debt Many contend if they refuse to
into this arrangement the State will make better
Those favor of this plan will accept any reasonable pro-
position while those who opposed using every effort
power prevent them from coming and ding
to the arrangement They insist, with much FEASIBILITY
too Indiana will do but that under wiser
they VIII do much better III should
be placed in their power defeat the measure, they will
certainly do by raising the The Of
completing their object is afforded them lie had
II the richest bondhodcrs in New York 10 the
London committee which controls the gear part Of all the
foreign bonds which ne them not 10 accede 10 the
proposition already made because The State oil Indiana was
capable of doing much and would be compelled to
make better arrangement in future, if she wished ever TO
adjust her State debt IL depended on the present Less
whether those who willing 10 hazard something
to the State qudate her liabilities should be Ia
vored than those who have thrown every obstacle in
the way to prevent a of The scheme. There
was already millions five hundred thousand dollars Of
bonds subscIbedye hundred thousand of which was sub
scbed on condition The interest should be paid IN Lon
don an being sterling bonds that the value OF the same
should be computed at 90 pence TO The doar he commit
tee however had struck out that part oil the amend
which provided for such PAYMENT of interest and such
computation, aud he appreheDced that these bonds be
withdrawn from the subscription. Inns sum was In ended
as one of compromise and should not be materially varied
MIR Stanfela substance SAID he cared but little about
required be surrendered before the bill went
into operation. He did not hi al allmateal, tthough
some gentlemen lay much upon it) whether The
amount required large SMALL far the interest Of
the State was concerned If the amount surrendered
small The re enues Of Canal would The discharge
the lie would be glad TO all bondhold
es come into the arrangement, hut he hoped gentlemen
wond not contend for large amount as would mate
ally speedy acceptance by the bondhodes Of the
bill Delay is TuiDous the State the annual interest
the State debt tri mitter II should be arranged
without delay. The people demanded 1t justice and honor
demanded it, lie hoped the blank would be filled
a proposed
On motion Of Mr. Porter, division Of the question
had as 10 striking out the amount stricken out.
MIR Harvey moved FIJI the blank with five millions five
hundred thousand
Mr. Thompson said the provision of the bill Of last ses
sion required that least half Of the indebtedness Of
the SHOULD he given up such the clear and dis
tnct understanding of both the bondholders and The peo
pe of the State Of indiana. lie believed the provisions
of that bill should be complied with MOI less than
one half of The Indebtedness should be included The
amendment should therefore be adopted.
Mr. Suit spoke considerable length against legisaing
on the subject He believed the matter should have been
referred to The people. He did consider popular
measure. That ultimately every person wha had been
identified with the bill would be retrievaby damned by
the people.
Mr.. Powell moved to Gil the blank with eight millions.
On motion Of Mr.. Secrest, the motion was laid on the
table