New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-02-08

The quantity OF ice exported from Boston during
tue month Of January, was 326l tons
The income Of the Georgia Railroad cor January
was s94s2 a.
The following is synopsis Of the new Indiana
Debt Bill called The Butler Bill from acommunics
ton in the Indiana Sentinel We presume it ls cor.
rect one
The public debt both principal and interest IL divided
equally. and half the state pay by taxation
the present rate the other half "a char ged the canal
and the faith Of the is in wise pledged TOR It's
payment or redemption yet the state has the right to
redeem the canal after twenty Years. BIZ paying the
principal Of the canal debt Those who subscribe to-
ward the completion Of the canal 10 have their In.
terest and principal paid before the subscribers.
This has been represented to be necessary nducement
TO procure subscriptions and II IL understood that the
subscriptions heretofore have been these terms.
Those who do not subscribe in and get the
iull interest on one half the amount Of their bonds
The time for subscription IL extended 10 the first day
oil November next bat the time for subscribers 10
come In and get the interest the State half Of their
debt is unlimited II is calculated that should the
enues OF the canal when completed equal the interest
OF the whole canal debt and half Of it should be
preferred stock, the canal would pay of the whole
preferred stock In little than fourteen years
Wherever the preferred creditors are paid OF those
who deferred will come ia for their back interest
and principal but they not allowed interest on their
deferred interest
Several amendments have been added--ene for a
strict account Of all the proceedings Of the Trustees TO
be furnished the Legislature and to the Auditor Of
State another fixing the minimum Of the Trustees
salaries at 200 and 81, 500 year respectively
other for the reApprasement of the lands East and West
of Tppecanoe and another giving TO actual settlers in
the Nncennes District the right 10 enter their lands at
81 p ~ by paying within the year allowed for
claiming presumption. Whenever bonds 10 the amount
Of 1900 600 subscribed the subscribers allowed
10 elect Trustees and whenever the q cent paid n
the Governor is authorized TO give the Trustees charge
of the canal-subec TO the provision that he is not to
deliver the deed of the canal and lands until s55i1OOO
of bonds surrendered
To remove all occasion for any bond holders to re-
main out In the hope of getting better terms from the
state the bill provides that the state will not hereafter
make any other provision for any internal improvement
bonds which shall not be surrendered in exchange for
certificates in accordance with the provisions Of this
The provisions regard being quite as favor
able the bond-holders had right 20 expect and il
will be vain for them to hope for better terms. SO
scrupulOus the Legislature Of increasing by this
the burdens Of the people that they refused to al
I low the exchange the sterling bonds. When VIC
consider that this class Of bonds have always been est
mated the dollar bonds, that distinction was
expressed in the bill OF last Winter and that the losses
OF the State, in not getting pay for all the bonds sold
whereby she lost three four millions, was
mainly sterling bonds it could hardly be expected
! that che would now pay premium on them As the
present bill does not call for any increase OF taxation
we the presume the people will he content with 1t.
The bond holders have cause to congratulate them
selves the good success of their Agent He has con
Quoted the negotiation with admirable skill and temper.
The general result 10 the people OF the State though
il inv Olives burden of taxation by means desirable,
will be invite emigration restore confidence and give
Indiana high position among the indebted States.