The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1855-01-12
INDIANAPOLIS CORRESPOND, NOE.
INDIANAPOLIS, Jan. 4, 1855.

Little or nothing has been done by the
Legislature SO far. The committees have
not been announced yet, but will be to-mor-
row. Senator Drew will be at the head of
the Senate committee on canals and inter-
nal improvements.
The Senate by astrict party vote refused
to name day for the..election of a Senator.
They will hardly dare take the responsibility
of refusing altogether to go into an election
during the session. arl....sl lse,
The Governors me ssage is approved OF in
the main by all parties. There is too much
of it. His tilt at secret associations was
sckly exploit, evincing want of nerve to
come out openly and manfully against the
Know Nothings. His views upon the cur
rency were good, and the subject should CON-,
mand early the action Of the Legislature.
The last high handed and unwarrantable
move of the Auditor is taking off the January
coupons from the bonds dep, sited by banks
that do not redeem their Issue, collecting the
interest and investing in new securities, as
he says, for additional security. Additional
security that takes just six months interest
from the bill holder 10 whom il belongs, and
gives it to the srisdling institution (after
taking out his fees) that has long since re-
ceived i'm notes the full face Of the bonds nd
has legally abandoned all claims to any SUR
plus. For instance, on the 3Oth of Deem
Der with $1,000 in notes you got 81 600
bond, with the January coupons with il: but
on Jan. Cd, with The $1,000, you got the
bond with the January coupons off, (for add
tional security,l worth, Of course, not as
much by $25. You get nothing to give you
pro rata of any surplus that there may be
but when you take the bond, you relinquisl
all claim afterwards, and this large amount
If current funds will GO, as the auditor in
forms me, after paying the expenses Of lqu
da,ion, q. &. his fees,) to he banks Them
selves. The injustice done to the unfortunate
bill holder is too Pal Fable to need comment
II is high time that this financial dictator
with $40 600 ,OOG in lis HANDS, lwilh only
$4,000 secured by his bond,) should have
his duties strictly defined.
Since the Legislature has organized, nnc
the Stock Bank Convention, with the A gri
cultural Board adjourned, we have breathing
room. Senator Petit, who has waited here
to get a complimentary vote at the election
Of Senator, starts for Washington 10 NOR
row, which to me looks as if the electiol
would not come off soon.
: There are several candidates here 70
State Printer as well as for State Agent
The latter Office should in my opinion b
abandoned, and coupon bonds given for TIL
States indebtedness, taking up the presen
{ bonds, and getting some responsible bank il
Q fJvw = vrh r-y i..te-es. al annually
t II would raise the price Of our bonds, an
' save thousands annually for the State.
The whole country is looking to The &C
ton Of this Legislature with great Interest
I especially to those acts intended to regulat
and improve the currency OF the State.
J. seems to me that il the Legislature woul
: authorize the substitution of ten 500 bond,
i with coupons attached, for each $1,000 In
diana bond, it would have the effect to re
{ lave The deprecated paper quicker than ca
be done in any other way. 1t would rails
the value Of the paper ten per cent abov
the present vampire rates, at which the no
der of few dollars is obliged to compl
with, and put it in the power of parties ha,
ling small. amount, 10 make it up to tn
: hundred and get bond. As it now is, non
but brokers get thossand dollars of tn
notes of one bank together. The coupon
could be received as cash for taxes, and j
that way we could pay part Of our intere,
a, home. have not mentioned this matte
, to any one and may not, nor have heard
=. any project to effect the object desired, ":
a the retiring of all the notes Of the defun,
II banks, except from the Governor in b
re message. Commis soners should be al
al pointed or elected at once to take the who
: matter out of the Auditors hands.
wi joint resolution will be introduced in III
st House Tomorrow, (and it is hoped it wi
lie meet with no oPposition.) repeating that pa
re of the free bank law that authorizes the iss
ing of notes for circulation by the Audito
'' MONDAY MORNING, Jan. 8.
K Finding could not send this off Def
10 noon to day, kept it open to notice an,
T. thing that might develop itself during th
ID mornings session.
g The committees were announced. Sci
ator Drew is chairman of the Senate's con
mttee on canals and internal improvement
ht nd L. 50 an the iai nj com militia ..r o.p.