Indiana American. [volume] (Brookville, Ind.) 1833-1861, 1853-12-23

effort on the part Of our Representatives
and will relieve our State University
from the apprehended embarrassment
growing out OF the loss Of a township Of
land taken away from her by the decis-
ion OF the Supreme Court OF the United
States, and which for years she had
considered as part Of her endowment.
On the same day Mr.. Bright gave
notice that he would ask leave to intro
duce bill providing for the surrender
ofcerta In bonds OF the State oil Indiana,
held by the United States. These are
the bonds, TO pay interest upon which
our three per cent. fund has been with
held. for the last eight or ten years.
These bonds, II | am rightly informed
were purchased In trust by the United
States, for certain Indian tribes, ut a
time when Indiana securities were con-
sidered safe investment. When the
State ceased 10 pay interest on her
bonds, the officers Of the General Gov
eminent retained our three per cent.
fund, out Of which they have paid the
Indians their interest. Now, my idea Of
this whole matter Is about this: The
General Government, as liberal guar
dian OF the Indians, should re-inyest
their money in some other securities,
and surrender the Indiana bonds under
orr State debt arrangements. Nearly
all OF our foreign bondholders have come
In TO this arrangement, surrendered their
bonds and taken others In their place,
and on which we are now paying and
will continue to pay the interest, until
the debt Is finally lIquidated. Our State
debt Is now entirely within our means;
our new Constitution prohibits an In
crease, and the day h not very far dis
tant when our whole Indebtedness will
be discharged. The General Govern
ment will lose q snail amount, but In
diana never invited her TO 20 into this
arrangement. This matter was brought
before the Senate. | believe, by Mr..
bright, several years since, and report
made In our favor by Mr.. Clayton, but as
there was some difficulty as TO the course
TO be pursusdin arriving at a proper adj
justment, II was thought prudent not 10
press The matter until our foreign bond.
holders should have surrendered their
bonds. That obstacle ID not now In the
way, aud Congress will not nov be gov.
erned by lie usual llberality, II the Of.
iorts OF Mr.. blight are not crowned with
success, as he will be backed by the sup.
port OF our entire delegation.
On the 7th inst. Mr.. bright gave no.
tiee that he woeld on the next, or some
subsequent day OF the session, move 10
amend the standing rules OF the senate.
80 NJ 10 change the number Of members
constituting certain standing commit
tees.
by the above II will be seen that Mr..
Bright IL still envious Of sustaining the
character he has long held, OF one OF the
working members of Congress, Those
who expect him 10 enter into q captIous
opposition 10 the administration OF Pres.
dent Pierce, because he cannot approve
VI some Of hIs appointments TO office,
will be very much mistaken, nor until
he Il convinced, that either the removal
OF Bronson from the office of Collector
In New York, or the appointment OF
William j. Brown a. Special Mai
Agent for Indiana and Illinois Is Dsm-
ooratie principle, which. as Democrat
he 10 bound TO support, will be fail when
asked, 10 speak his mind freely on the
subject, regardless Of consequen css per.
sonal TO himself. INDIANA.