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

ect was postponed until the report of the committee
special legislation comes up.
Mr. DObson reported back the section, providing that
person shall hold more than lucrative Office,
thousand polls may elect the person clerk,
corder and auditor, and postnasters whose annual
come is under 500, may hold State offices.
Mr.. ShoHp moved TO re-commit with instructions to
strike out the provso which motion did not Preva ayes
40, noes "a.
Mr. Murray said, there appeared to be considerable
opposition against postmasters. They could perform
their duties by deputies.
Mr.. Dobson said, postmasters were the creatures OF
the President, and were liable to be removed at any
time. They had the ranking privilege and if elected
TO the Legislature would have superior advantages in
this particular others He wished all to stand
equality when elected to the Legislature.
Mr.. McCleliand moved to commit, with instructions
to strike ont so much relates to postmasters-
Mr. Wolfe said, postmasters had only the franklng
privilege in relation TO the business OF their Offices The
provision would apply the towns, but to sparsey
settled neghborhoods where difficult to procure
any person to hold the Office.
Mr. Davis Of Parke moved to amend the instructions,
that shall hold than one Office, where
the compensation exceeds so per annum.
The discussion was continued by Messrs Bracken and
Steele; when
Mr. Gordon moved the previous question; which being
sustained, put the Instructions respectively, and
decided in the negative.
The section then passed. by vote ayes IS. noes Al
The sections, in relation to the militia, providing that
White male inhabitants between the ages oil 10 anu ID
shall be liable perform military duty, (persons con
scenciously scrupuous excepted THAT the militia
shall be organized into companies. regiments and brig
AIDES, and providing for active and sedeEary militia
&c, were read a third time; when
Mr. Nave moved to re-commit, with Instructions to
strike and insert that the Legislature may organize
the militia in such manner they may deem exPedent,
not inconsistent with the Constitution and laws OF the
United States and may provide for the discipline oil Of
hcers, and for the organization OF volunteer corps
Mr.. Clark Of Hamilton moved TO amend, so that
persons conscencousy scrupulous shall not be com
PEELED to bear arms.
Mr.. Pepper of Ohio opposed the re-commtmcnt, and
entered into defence OF the sections reported. They
took away the commissions Of all officers IN Office,
andlelt the field open TO the young men OF the State
and this he thought, would materially aid IN an org2n
cation.
Mr. Niles had hoped, that the article, as reported,
would have been stricken out, and the provision only
left, which desgnates the persons liable to perform mil
Itary duty. The sections were re-commItted ana
brought back in simpler form. He opposed the IN
structOn because they added the sections under con-
sideration lie glad that the motto, that he had
seen in his boyhood, the napsacks oil soldiers that IN
peace we should prepare for war;, was getting out oil
date The feelings of peace and universal brotherhood
were taking place of warke preparations
Mr.. Spann glad to the cultivation of spirit
OF peace; but the day had vet arrived when we
should disregard the warning voice of the Father Of his
country who used the language quoted by the gentle
from Laporte.
The previous question being called and sustained the
sections were not fe-COmlnlteu WIFI INSTRUCTORS
The sections than passed by vote of ayes 81,
noes 30.
The other sections ordered to be cngrossed on yester
Gay, were read third time and passed, by consent.
BANKING.
The Convention then resumed the consideration of
the article reported from the Bank eommtec-the pend
inc question being on the amendment offered on yes.
terday by Mr. Hall, in favor OF a State Bank and
Branches
Mr. Graham Of Warrick said it was evident to him,
- ILL a..
should be Banks nothe opposed to the creation
of any Bank but SHOULD be determined to have Banks,
then The question would naturally arise, what kind OF
Banks would havel He had an amendment he
would like to otter, in oppost. on to any Bank
Dir. Hamilton said, this vas the true question
but believing the business the State demanded
Banks, lie would proceed with the argument There
two descriptions Of banking brou. INT before us lie
was in favor OF a State Bank, in Modified form, and
free banking, founded United States State stocks
1t important that the paper oil the Banks establish
ed should be at least equal that OF the rounding
States In relation to State Bank he said s notes
had been always good She did suspend specie nay
meat until the Banks in the other States surrounding rs
had suspended IL contended that the Bank by the
OF bills, charged greater interest than
was allowed by law. THIS was no doubt true. II
wrong in policy, and should be prevented in new char
ter. The system of reports by the Branches eff the
State Bank, admirably calculated TO sustain the
credit of tic whole nstitaton. The principle Of the
mutual liability of the Branches, OF the best
the credit of the whole.
In the divided state of public opinion, there being
many friends of State Bank-n consequence Of its
notes always being good-and also many very jealous
friends of free banking, he thought that to exclusively
adopt either Of the systems would greatly endanger the
Constitution in vote of the people. The circulation
of the State is now between six and seven millions He
thought that State Bank similar 10 the present with
proper notifications, might be established with capt.
tai of 50 100000. This would leave some 81 900 900
for Banks founded upon public securities. We would
then have alternative to fall back upon should either
OF the systems be found not to answer.
Before the question taken the Convention adj
iOurned
In the afternoon the Bank question was resumed.
Mr.. Niles said, his health he feared, would not ena
bic him to make a satisfactory speech but he would
endeavor be brief No principle should be incorpora
ted IN the organic law that right. We should
be careful not to incorporate in the Constitution merely
provisions for these liable change. In
of these positions he would remark that there is in
the State diversity of opinion this subject Indeed
there four parties in this body First those who
opposed TO all Banks, but numerous enough to
form majority The second those who in fav
or OF State State Bank. The third in favor of Free
The fonrth those who favor both Free ard State Banks
In these classes he found amongst those who favor
Free Banks Banks, he believed, were essential to
National and State prosperity. They would continue to
long neighbOrlng States had such Institutions. we
could not get rid OF paper circulation. Indeed. we
could not dispense with Banks for in neghboring
State, Illinois, although she had prohibited Banks ne
knew Of Bank in the city Of Chicago that had more
than a million of circulation. Laws against Banks
would be dead letter here as we'll as in Illinois The
amendment of the gentleman from Gibson (Mr HalI)
proposed State Bank, and this brought him to the
question and the issue before the Convention The
State Bank of Indiana managed by the sharp
sighted men State-men for whom he had the highest
reSpec-aDd 1t was in consequence of this that she had
attained her high character. The State Bank of ndi-
ana was one of the greatest monopoies with which
he was acquainted. What the principle which
it was loundedl For every hundred thousand dollars
they could issue three hundred thousand dollars This