Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1850-11-28

provisions relative 10 negroes and muat0es, ana SUD-
mittng the same separately, TO the people, which
was decided in the negative, ayes so, noes 63.
Mr.. FosTER moved to instruc, the committee that
any negro hereafter emgratng to the State who shall
refuse to leave the same shall be sentenced to imprson
in the county JAIL exceeng six months, be
hired and the proceeds applied sending said negro
to LIBERIA and refusing 60 there shall be given
the Colonizaton Society. Mr. GIBSON moved to amend
the Instructions that any person permitting any negro
muIatto hereafter coming the State, occupy any
real estate shall forfeit the same for the benefit of common
schools; which was adopted Mr. NpC1r1LAND moved
that the committee enquire whether any Constitutional
provision is necessary this subject; when motion
of Mr.. MoRRIsoN of Marion, the instructions were all
laid on the table,
On motion of Mr. OWEN, all sections heretofore report
ed in relation negroes and mulattoes referred
to the committee.
The Convention then proceeded to the consideration
of the section providing that the credit of the State
shall never be given or loaned in aid of any person.
sociation, or corporations" which was read second
time; when Mr.. READ of Monroe moved to amend by
adding the folowing and the State shall never become
joint owner or stockholder in any company or asso-
citation" Mr. READ of Monroe made an elaborate ar
gument in favor of his amendment; when Mr.. Wars
take Stock in a State Bank and Branches"
! On notion the Convention adjourned.
| In the afternoon, Messrs WATTS and READ of Mon
roe Withdrew their amendments.
! Mr. RARIDEN moved to strike out the section. He
said if the section under consideration was intended to
mean that the State shall not be interested at time
to come, any banking other institution he or
posed to it. There cases, that could easily be i'm
f--. Al. IL
State step forward and aid in works of Improvement
This section he considered was founded on two radical
errors The first that all the wisdom ofthe would
evaporae with the dissolution of this Convention and
that would be unsafe to trust the people through their
representatives hereafter He would consent such
conclusions. The White Water Canal, which had prov
ed disastrous himself and Others had lost nothing
to the Sate,-ahough eleven hundred thousand dollars
had been expendedas the enhanced tax list, in that
quarter of the State, would show. He had opposed
amember of the Legislature, all works Improvement
the Wabash and Erie Canal, the system of 1886, and
the State Bank He had opposed them all; but he was
certain that had his advice been taken, the State
would have been any better Off than she is now with
her public debt upon her. This admitting much in
that occupied his positions bat when he looked at the
present prosperity of the State. and contrased it with
what she might have bcen in her wilderness state, had
the State made improvements he was led to the con-
cusion that he in in endeavoring stop the
car of progress. He afraid the people.
They were frequently ahead of their representatives in
intelligence and discernment He cou Id imagine many
instances in years to come where it would be to the
advantage of the State to take interest in banking
institution and where it would be serious evil to have
the hands Of the State tied up that nothing could be
mrer of hanks but he had been led the conclusion
that banks of kind indispensable to the pros
perty of the country.
ri Mr. HALL said that the section would not prevent
taking stock in State Bank 1t intended prevent
the State from embarkng in works Of internal improve
ment, which had heretofore proved so disastrous.
Mr.. MCFARLAND moved to amend by applying the
provisions Of the section to countless as well the State
which not adopted.
Mr.. BAscoM moved to amend, by adding-"nor shall
the State hereafter become joint stockholder
in any company association" He moved the amend
ment because he wished prevent the State from be-
coming interested in any banking nsution-they We're
all eyesores on the body polite. He had pledged
himself to make the State Bank and all other
Banking institutions.
Mr.. MoRRrsox Of Marion said, there was only line
provision, in his opinion, that would be brought before
the Convention. He surprised the arguments o
the gentlemen Wayne (Nfr Raridcn) after the dis
asers of 1885, The system Of that year is well known
brought about by system of log-rolling
and the people demanded aresrcton of any such legs
ative powers hereafter He was for separating the
people altogether from corporations.
Mr. WoLrE moved that the section and amendment be
laid upon the tables which motion prevailed-ayes 65
noes not counted
The second section prohibiting greater debt than
one hundred thousand dollars except in Of invasion
or insurrection, was read second time; when
: Mr. GIBSON moved TO amend, so that that amount
might be borrowed for every $4,000 voters which
not adopted.
/ Mr. ROBINSON moved to amend, so that money shall
only bc borrowed to repe invasion and insurrection
and striking the balance of the section. He op
posed borrowing money to pay interest. He thought
deficits of this kind should be raised by taxation Tho
amendment was not adopted.
Mr. CoLFAx moved to amend by adding, that "the
State shall have power borrow money, except as
provided for in this section" He opposed to any
loan even if submitted the people. He for put
/ ting up the bars against any other loans.
ri Mr. DoBsoS moved that the amendment be laid the
. table; which motion prevailcd-aycs SO, noes So.
a Mr. HELMER moved to strike out " one hundred thou
sand dollars" and insert the deficit the interest
our public debt y which amendment was adopted. Tht
= section then ordered TO be engrossed.
. The section permitting loan to be paid in twenty
five years. where the interest is provided for and where
the has been approved by vote Of the people al
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