Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1847-01-28
SENATE.
TuuRSnA,


THURSDAY, January 81, IS47.
Upon the reading Of the journal of yesterday, Mr. Ber
ry of F. wished record of his the
journal from the negative the affirmative, and made
motion that effect, but after dscuss0n Withdrew
his motion.
Mr.. Osborn offered a resolution appointing a committee
OF investigation as to the way in which the vote OF Mr.
Berry OF L. recorded, upon the question OF laying
upon the table the amendment proposed by Mr. Jackson
yesterday upon the supplemental bill )" not adopted
MIR. Berry OF F. then gave notice that he would on TO-
morrow record his protest
Mr. Berry of f. moved to suspend the previous orders
of the day, and take up the supplementary bill providing
for the payment of the funded debt; agreed to.
The last action of the Senate upon the motion of
laying upon the table the amendment proposed by Mr.
Goodenow.
Mr.. Hamrick withdrew his motion.
Mr. Osborn remarked that this moral question The
opponents this supplementary bill cha ged that
violation of the pledged faith OF the State to the bond
holders.
This was not regulating Stae-ths State he ventur-
ed say had paid according To her ability than
any other She defdulter, but not repudato lie
stated this for the that papers setting themselves
up morass in their charges. Mr. U. then
show the ability of the State and her willing
reading from the report Of the auditor of State to
her ability lie thought the proceeds Of the canal would
probably pay only % per cent The value OF the canal
should not be Judged from its cost but from ITS
The proposition of last winter made subject to
notifications proposed by the bondhoders, which would
tend render the of the canal of more value,
and of raise the value of taxable property OF the
State.
But was charged that by these proposed amendments
the bill Of last winter that preference made OF
creditors; this true, and dime could not be had
unless it made Sympathy was excellent quality
in lis proper place. but sympathy should not be entertain
ed when the of the State concerned Sena-
had evidence that not cent should be expended
until the repayment secured. This was from under
the hand of the bondholder committee. by lie arrange
proposed by hem the State secure the payment
of one halt Of the debt He would ask them, suppose the
amendment is adopted if the bondolders would accept
this supplemental bill amended? Why last winter
certain preferences made and the bondhoiders said
they would accept them were more made-thls amend
off less preferences than they had Is this pro-
vidng for the payment of the public debt? And yet the
opposition say they anxious TO pay of the debt OF the
State.
This is working injustice to the bondholders-t is
placing impossbiity the, of the adjustment Of
the debt. Part of the bondhoders unable to ad-
money, part wealthy but would not advance
farthng under such arrangement as proposed
by the amendment.
THIS amendment proposes to strike out that without
which there is mpossbility of the bull being carried
into effect IL parliamentary rule that the friends
Of bill should perfect it, But the opponents here have
from the beginning shown disposition to oppose the adj
justment Of the debt. He would not make the charge
that there disposition to honorably secure the pay
mcnt of the debt but there should be tng, il was
mpoian measure and Senators should not lay them
selves liable before the people of tng with their dear
est interests.
AFTERNOON SESSION.
| The Senate met.
Mr. Osborn moved further amend the amendment
which applies 10 parts Of the whole bill.
Mr. Robinson hoped the proposition of Mr. Goodenow
would PREVAIL for the credit of the State OF Indiana He
conceived the amendment proposed by Mr. Osborn to
be species of special pleading, designed 10 mysfy the
whole subject. He thought tended to endangcr the
success Of Mr.. Goodenoa 5 amendment He came to the
seat of legislation prepared 10 carry out the pledged ait
or the State so tar as consistent with the honor of
the His party did not belong to that party which
favored reputation. He well satisfied that bad the
people OF the State understood the bill OF last winter thar
two-thirds of that same people would have repudIaed
that measure. lie believed have been fraud
and paIpabIe falsehood practsed upon the State The
agent OF the boudhoders had stated that on the passage
Of that bill winter, that within twenty -four hours 1t
would be binding upon them that by the middle OF last
July half of the amount would be suoscr-
bed. But how it, Now the agent comes with more
bills, and threatening unless they are passed nothing
should be done.