Indiana American. [volume] (Brookville, Ind.) 1833-1861, 1857-01-23

woald fail to afford the desired security.
Under the present system the Bonds
are executed by the Auditor and Treasu-
rsr. forwarded in quantities to the Agent
and only require his signature and filing
up to render them valid, while upon the
oficer issuing them. there is no check
whatever. That frauds have not hereto
fore. been committed, Is owing to the in
tegrity Of the officer, and MOTTO any secu-
rity afforded by the law.
Itwould, in my Judgement. be prefcra-
BILE in all cases Of transfer Of stock, to re-
quire the Bond, before It's issue and after
signature by the Agent to be signed by
the Auditor and Treasurer Of State, and
registered by them in their respective Of
fees. Tho slight delay would DO moro
than counterbalanced by the absolute and
entire safety and security which would be
thereby furnished.
The annual reportof the Agent Is here
with presented, to which your attention
10 invited. Monthly reports Of the trans
actions Of tho Agent have been furnished
In compliance with my acquisitions But
even these would fail to correct tho evil;
for whatever the competency or integrity
Of the ofacsr, he Is, necessarily, compell-
ID TO sntrust portion Of his business to
othen, whose incompotency or dishones-
~. might involve tho State in heavy los
90. The prompt and decisive action Of
the Legislature on this subject, 10 impera-
lively required.
The great and Increasing prosperity Of
our State may b attributed, In no small
measure. to results which have boon pro-
ducsd BY the operations Of our Railroads.
connecting, BY rapid transit, our busi-
nsss with the commercial cities Of the
Atlantic States, stimulating and reward
Ing the industry Of our people, raising the
value Of real estate. improving our coun-
tFy, building our cities and towns, giving
the products Of our agricultural labor a
speedy and fair market. and increasing
the strength Of the sources Of our reve-
nue., BY increasing, annually. the aggre-
gate value Of the taxable Of the State
In view Of this subject, Il Il manifest that
our Statutes should make no unjust dis
csimina<Ions IN providing Cor the security
Of Vie rights Of railroad Companies. The
question Of the sxpediency Of revising
our ysilroad laws. In order to establish
them upon . more just and liberal basis,
with respect to certain rishts and rene
diss d worthy Of your consideration II
would b well 70 require all foreign CON-
psniss running any parts OF their icadi
through Indiana to keep Offices In thi'
Stats, % that process may b served up
On them. - Il Is served on our own corpo.
ntiona In the assessment Of damages fo'
the rights Of way. 1t seems that justice re-
quirss that the whole question, including
the benefits - well - the injuries result
Ing 70 tho owners Of tho land, should %
lsfs 10 the decision Of the courts and ju'
n~, under the evidence. Much com
plant d made Ia regard TO tho principle
upon which taxes arc assessed upon ou'
posda The subject q worthy Of YOU
consideration.
The Secretary Of the Treasury has loca'
ted. IN this city, site for Post Office and
Court boom, forthe United States IL
Necessary that the State should cede e
the General Governments the land IN ques'
ton, making provision, as the same time
10 exempt the lot and improvement
thereon ffom taxation. Your action OF
THE subject should b prompt, In orde'
that steps may b taken, Ct the opening o.
the season. for the commencement OF thu
proposed public building.
In pursuance of Joint Resolution o
the General Assembly, visited Washing
ton City, and underworld to adjust th'
outstanding controversy upon the subjec
OF the three per cent. fund due the Stat
from the General Government The de
eision OF the Secretary, with the full re
port OF my proceedings In relation to tn