Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1852-01-15


were taken mp and appropriately dispOsed of.
Senate adjourned.
HOUSE OF REPRESENTATIVES,
FKIDAY, January Q, 1852.
The House met.
Petitions were presented by Messrs Sirub.e. King,
Midget, Hicks, Dobson and Miller.
Reports from COMMITTEES.
By Mr.. Donaldson from the committee on elections
reporting bill providing for the election Of
President and Vice Pres den Of the United States and
the compensation of certain officers and persons in rea
ton to TO elections and repeating ali laws inconsistent
with this act. Read the first time.
Mr. Holman, from the committee on the Judiciary
whom referred House bill No. 30, ga bill 10
enable the board OF commissioners of Porrercouny to
borrow money for certain purposes" with nsruc.
Ons to enquire into the eNpcdency of making the pro-
visions general that independent of the constitution
al questions involved in the consideration of the bill with
reference 10 IFS special application. that to confer upon
counties IN their corporate character right which upon
the is granted other natural and art-
fetal persons Of the State, 10 borrow money at a
higher of interest than is allowed other persons
would he in violation of the letter of the spirit
Of the 23l See Art a. and 23d Sec Of Art. st of Tie
Constitution And independent of the constitutional
question it is deemed nexpedent pass general law
authorizing counties TO borrow money for any purpose
at high any rate OF interest inconsistent with
the general policy of the State. The committee there
fore recommend that said bill be laid upon the table and
ask he discharged from its further confederation
The Report concurrcd in.
BY Mr.. Huey, from the committee on Roads, 10 whom
referred certain petitions from citizens Of Jennings
county that The general road hill reported days
since. provides for the prayer of the petitioners
Bv Mr.. Beach. from the committee on the Judiciary,
TO whom referred House bill allowing circuit
change the Of persons and corporations repor-
ting the same hack with amendments which were con-
CURED in, and the bill amended ordered TO a
third reading.
Resolutions offered.
By Mr. Stcvor reuuirino the Sneaker If fbe House
To request the Superintendent OF the Deaf and Dumb
Asylum, fix some for exhibition of the pupils Of his
institution, adopted.
BY Mr.. Withers, requiring all bills coming from CON-
mttees TO he printed, adopted.
ny Mr. D0ushty tidt the JudiciaTv eommitte be-
and they hereby instructed to Introduce bi allow
ing eight per cent. per all contracts where il
is specified in said contract.
Mr. Suit moved to amend by adding accept contracts
made by corporations; which was excepted by Mr..
Doughty.
Mr. Gibson was in favor of the adoption Of the reso-
nons. lie said that each adjoining State were allow
ng ten per cent on money. and II was draining every
surplus dollar out of this State.
Mr.. Kent also favored the adoption Of the resoln-
tions.
Mr.. Mcdonald moved 20 strike out eight and insert
ten.
Mr.. Beach opposed the passage Of the rcsolution-
He said that it would have tendency place money in
the pockets Of very few of the people of this State at
the expense of many.
Mr. Suit said that he understood the true policy Of
legislation be- frame laws 10 encourage,
rather than discourage foreign capital from coming into
State Under present system capitalists pass
by State and TO such points will allow them
higher rate ol interest Than rs allowed y law IN tins
State. He hoped the solution would pass, allowing
nj least per cent. interest.
Messrs. Carpenter, King, and Mcdonald also spoke
length in favor of the adoption of the resolution.
conendng that the true interests OF the State demanded
increase in the ate of interest.
Messrs. Dobson, Lewis, Cockrum, and Smith OF Spen
Ger. opposed its adoption
Mr.. Lindsey of Howard, moved to amend by adding
'upon actual loans hereafter rsade."
Mr.. Douthit moved TO indefinitely postpone the reso
luton and amendments.
Mr.. Nelson said that he farmer, and he was
Glad to find much interest manifested here for that
class of citizens Yet he thought that If this reso
luton adopted they wonld find that this was not
the feast they invited to-" He thought the lnte
of farmers did require increase oi he rate oil
interest on money loaned.
Mr. Doughty favored the adoption Of the resolution,
and world accept the amendment allowing 10 per cent
hut if e could get that amount he wished at least
eight.
Messrs Graham, Lewis, and Beach opposed the adop-
ion Of the resolution at considerable length.
Mr.. Owen said that the principle Of making men pay
any rate Of interest agreed correct yet
he doubted its cxpediency at this me owing TO the IN
debte,ncss of tie people OF this State ~ the amend
meni should he adopted. making it applicable 10 ly
such money &c. loaned hereafter he could not say ow
he would vote II would depend in great degree vhe-
ther homestead law is passed by the present General
Assembly.
Mr.. Mcdonald spoke a. considerable length in favor
OF the resolution.
The House adjourned; after which,
The Sneaker stated that a writ of habeas corpus had
been served upon him by Mr. and Mrs James p. Drake,
dema anding the attendance Of The members and officers
of the House at Ma<n1c Hall on Monday evening next,
at II o'clock and he hoped gentlemen would not be ol
Tended for having obey this writ.
QUERY-Is Reporter an officer or member oi the
Housel This question is respectfully submitted to the
Benevolent committee.
AFTERNOON SESSION.
The House met.
The question being the indefinite postronement oil
the resolution in relation increasing the rate o IN
terest.
Rr. nr,nnsed O the adonfon of the