Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1851-01-09


plenty of business before the Convention for its ac
ton.
After remarks from Messrs Owen, Foster, Kent and
others the motion and instructions offered b, Mr. Glenn
ents were laid upon the table
The section was then ordered to be engrossed
In the afternoon, the section making it the duty Of
ties to annually furnish the secretary of State
port of agricultural productions of each county, was
read a second time.
MIR. Dobson favored the section.
Mr.. Chapman said, effort had been made TO estab-
lish agricultural bureau Washington He thought
a State system far preferable.
Mr.. Davis of Parke moved to strike out annually" )"
and insert ssbiennially -
Mr. Hovey thought it would take up too much time
Mr.. Prather said it would take but little time to ac-
complsh the object.
Mr. Morrison of Marion said as chairman of the CON-
mttee that reported this section, he agreed with his
colleague from Marion, CHR. Chapman) that this
so selevident proposlton that he wondered that any
would oppose it, The assessors and collectors of tax
could very easily accomplish the work. and with but
very little additional expense Besides an annual or
biennial report would enable give true estimate
OF our products. The quantity varies almost every
year, and proper and correct average might be arrv
ed at.
Mr. Cookery thought the expense would be too great
and besides it proper subject for legislation
than to be inserted in the organic law
Mr. DobsOn said, that there would be a great advan
tage to the agricultural community in giving this nfor
nation to the public The purchasers OF produce could
tell exactly where to buy. The Ohio traders where
they had similar provision, surprised that we
had not such system here. They knew exactly where
to 60 to make their purchases.
MIR. Bascom acquainted with the Ohio system of
information, and he knew, that with proper
blanks, the assessors could collect the information with
very little trouble. The people in one portion of the
State would know what was produced in the other He
hoped that at least section would be given to the
agricultural interest
Mr. Shoup thought if the information was desirable.
the Legislature would adopt the system. 1t could
be carried without expense and might cost in the
State eight or ten thousand dollars.
Dlr. Wolfe was practical farmer, and he did not be.
live it would benefit the agricultural community They
would have to pay the expense. He did believe it
would make their wheat or corn sell higher.
Mr. Badger favored the section. He thought it was
matter of vital interest 1t would be the beginning of
a system that would afford inealculable advantages
He was farmer and was not only willing, but was
ANXIOUS to bear his proportion OF the expense The ar-
ricutural interest had been too much overlooked He
hoped the day would soon come, when a State Aorcul-
tural Bureau would be established and when there
would be annual agricultural fairs at the of govern
ment, where specimens Of our fertile soil might be ex-
hbitcd
Mr.. Edmonston farmer, and he represented
farmers, and he convinced his constituents did not
wish to incur the additional expense.
Mr.. Cookery replied to Mr.. Badger.
Mr.. Farrow said his constituents would be as little
benefited any others. The productions his county
were well known. But he believed that the expense
would be repaid in three-fod ratio the people oil
been passed by common consent.
Mr. Spann said, the section would be entirely useless
He thought the committee that reported the section en-
trey misook the true interests of the farmer Besides
it was strictly Legislative in its character.
The amendment striking out 'annually" " and inserting
''bennially," not adopted,
Mr.. Hawkins moved to strike ont s'annualy" and
insert sin the year 1885, and every ten years there
after; and also the number of inhabitants"
Mr. Hawkins said, that If his amendment was adopt
ed, we would have report every five ycarsone by the
State and one by the United States.
Mr. Hawkins amendment was laid on the table.
Mr.. Moore moved that the section and amendment
be laid the table, which motion prevailed ayes sc,
noes 81.
The section providing that the county auditor or 9TH
officer of the several counties furnish the Secretary of
State with the number of children instructed in the dis
trct common schools; the number of school houses
&C., was laid on the table.
The sections that against the State shall only
consist in lcvyng war, &c., and that person shall be
convicted OF treason, unless the testimony of
witnesses to the overt act &c. ordered to be
engrossed.
BANK QUESTION.
The section reported from the bank committee, pro-
vding that the business of banking shall be free ALL
on such and restrictions the Legislature may
impose in general laws for such purpose, including the
following principles, which shall be obligatory all
persons associations, corporations, acting under gen.
era laws, was read second time.
Mr.. Hall moved to strike out the section and insert
the following:
ssSEc. =. The General Assembly may authorize the
establishment of State Bank, with Branches to
go into operation after the expiration of the present
Bank charter, under such regulations may be pre-
scribed by law; but in shall the State be part
or have any interest therein any Branch thereof
except may be occasioned by the investment of any
funds of the State therein loans and the safety
of any funds invested shall be secured by their pre-
ference in payment, in ease of insolvency, the
stocks of any individuals in the Bank Pr0rided That
each Branch shall be mutually bound for the debts and
liabilities of each other.p
MIR. Hall said that he did not deem it necessary to
make any remarks Gentlemen were well acquainted
with the subject.
Mr. Rariden said he would make the best use he
could of his thirty minutes He wished TO decuss the
whole subject He wished to contrast the advantages OF
State Bank with those of the free bank system He laid
it down as a truth, that it impossible put down
paper currency. The States around us had such cir
cuation and would furnish it US, unless have
of our own 1t was also true, that the State Bank as
at present constituted did not afford sufficient circnla
ton The State Bank had done WELL and had redeemed
its notes. except during the general suspension Where
there are currences the least valuable would al
ways take the place of the valuable. He then
merated the advantages OF the State Bank. Ii had
earned for the school fund hundred thousand
dollars 1t afforded State taxation OF from hive to ten
thousand dollars per The interests OF the peo
ple were secured by Joint liability of the branches
He vindicated the Bank in relation dealing bills of
exchange II to the interest OF the public, because
premium OF one per cent, saved the public the pay
ment of from Two TO five per which would have to
he maid without the Bank He then gave examples in
proof Of his position An objection made that dis.
counts could be procured but bills could be purcha
cd at loss OF half per cent. This all right III
the Bank had such exchange, it right she should
use it, Much had been said about free banks, and his
ears had been assaed with the cry Of equal privileges
He contcnded that it was not Constitution that could
give a monopoly In the absence OF Legislative enact
ment the moneyed men would have all the monopoly
themselves.
He had word to say in relation TO Free Banks. He
contended that railroad stocks would indirectly become
the foundation for these banks Look at it the
are to be ssused on State bonds dollar for dollar, and
in connection with the railroads. there would be per-
feet monopoly. They would prevent foreign capital
IL. lnn-n he naI-rIn nc-