Indiana American. [volume] (Brookville, Ind.) 1833-1861, 1857-06-26
A NEWSPAP ER--C CONTAINING a BRsEF,


+, Some men are so accustomed to lodging
that they do il without seeming to intend il
We have repeatedly giving our readers the
facts in regard to the proposition of Bond
Holders, and we have as repeatedly tried to
draw ont manly and direct opposition to
their scheme, from the party press, but
hitherto we have failed Our neighbor,
the Sentinel would love to be regarded as
opposed to the interest Of Ianier q Co, but
II has never yet dared to say 30, though il
has several times devoted column or 80 TO
the subject, but always lodging the question,
by writing upon another, as distinct from IL
as would be proposition to annex Cuba to
this nation.
The Bond Holders have never asked
and never expect to ask us to "pur-
chase the Wabash and Erie Canal -
They and their Agents are too smart for
that They know that we could not do
that, il we desired to, and that we would
not, II wc conld They do not profess to
own IT, They say they never bought it,
never intended to--they merely took il as
collateral security, and il falls to them on ly
when we are unable or unwilling to pay
what We owe thom, which they hope will be
never. Why, say they, win the great State
Of Indiana now repudiate her debts' II is
this phase of the subject that the Sentinel
and iis party ignores--the only phase in
which il is presented by the Bond Holders.
The ques'icn is not whether we will spur
chase the Wabash and Erie Canal, but
whether we will construe the sale into a
mere mortgage, and then make provisions
to redeem the mortgaged property by pay
ing the indebtedness already eristng
A specimen Of its fairness on this subject
is its quoting the following resolution Of the
late legislature:
BE IL resolved 6g the General assembly Of
The State Of Indiana, That the General As
sembly Of the State of Indiana has no power
under the constitution to purchase the Wa
bash and Erie Canal.
And be Il tiather rcsoiecd bz the said, Gen.
era, Assembly That IL the General Assem-.
bly, had the power. itwould be impossible,
unwise and injurious TO the best interests OF
the people Of the State to purchase said
Canal 6a t.
This, says the Sentinel, was voted FOR by
every Democratic member Of the legisla
ture and approved by Democratic Cover
nor, ergo the Democratic party is opposed
to the proposition of the Bond Holders. Il
would have been just as appropriate, how
ever, to the question at issue, to have adopt
ed the following;
Be IL resolved by he General Assembly d
tie State Of Indiana, That the General A.
sembly OF the State OF Indiana has nc
power, under the constitution 10 purchase
a slice Of green cheese from the Man in the
Moon.
And Be IL further resoired by The said Gen
erai assembly That il the General Assem-
bly, had the power, Il would be impolilc
unwise and injurious TO the best interests
Of the people of the State, topurchase said
Cheese
Yet upon this himsy pretext, the Sentinel
attempts TO number itself among the oppo.
nents OF the Bond Holders scheme And
more foolishly still, il wishes to throw dus
IN the face Of ignorant men, by identifying
the Republican party with the movement
because the Bond Holders had the good
scnse to employ VIM. l. Dayton, shrwed
and able lawyer, 10 manage their cause foI
them. II Is no mean compliment 10 Mr.
Daytons ability and honesty that he has
been selected as the attorney TO manage al
intcres. of sls,ooo,ooo
But admitting the relevancy Of the above
Democratic CD resolutions to the question nj
hand, does the Sentinel suppose the peopl,
of Indiana can trust that party on mere
rcsolutions7 Has il not, from time out o.
mind resolved against banks, and yet wher
il made n Democratic Constitution-"framec
by Democratic Convention, and ratified by
the Democracy Of the State" II struck oul
the wholesome inhibition against banking
and provided for universal system Of free
banking, which was put in operation by 4
legislature, two TO one Democratic, which
has already robbed bill holders Of million
of hard earned cash ? Did not the Demo
cratic Senate Of 1855 refuse TO pass th'
amended Free Bank Bill of the House, un
less that body would pass the Democratic
new State Bank Bill, out OF which Bright
Willard, Robinson, Kent, Drew a. Co, hav
made handsome fortune? The peopl
will not trust party to manage this matter
which passed law authorizing the trustee
Of vincenpes University to sue the State b.
which they obtained judgment for $40
900, towhich they were no more entities
than were the Mormons of Utah They viii
ask more than resolutions against buylnI
green cheese-they will vote for no man o
any party unless he be man of tried in
tegrity and above suspicion.
!