Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1861-01-17

arising from the receiving of paper money
so liableAto dcprecistc Wide inYihe vault.
of the Treasury. we should provide bylaw
sub-trcasury SYSTEM The report Of
the commissioners appointed by the las,
Legislature to examine intoAthe icUts dnc
the State suggests many reasons for the
passage, Of this law. During the last ten
| years the State has sislsfei to the amounl
of thousands ofdollars by the depreciation
Of the currency while in the hands of the
Estate and county 'officers--by the bank.
Iruptcy Of persons who have become dcbt-
ors to the State for money borrowed out Of
her vaults; by the suspension of banks in
which her revenues were deposited forsafe-
ty; by the imprudence and impro"idencc
of her officers. and their neglect or failure
to discharge the duties imposed upon them
by law. And to guard against recur-
renee Of these losses: to give that feeling
Of security to the eitizciiithat the taxes he
has pail are safely kept aud prudcntly dis
burscd. it has now become absolutely ne
ccssary that arigid law should be passed
cmbodying these provisions First. The
collections OF the debts due the State in gold
and silver; Secondly. The erection of 0
suitable building; with secure vaults, for
the preservation of the public money; and
Thirdly, placing those officers having con-
troll OF the public money under such strict
guards that the loaning or discussing OF
any Of it, except in the manner prescribed
by law, should constitute felony. and
render them liable to imprisonment in the
State Prison.
1t is manifcstly unjust to require an
officer to execute bond to the State. in a
heavy penalty, for the secure keeping Of
Of the revenues of the State. when no pso-
provision is made specifying the kind Of
money he shall receive, and no suitable
place provided in which it shall be kept.
The necessity is great. therefore. Of pro-
viding for the erection of building suita-
bic for the purpose, with vaults sufficiently
strong to guard the public records and rev
enues from accident and crime; and re-
mem bering the success that has attended
the sub treasury system in some Of our sis
ter States, and in the federal government.
1 trust that you will give this matter your
early and favorable attention.
At the last May term Of tho Supreme
Court in the case of Igoc rs. The State
of Indiana. the law approved February
10th, 1850. regulating the business of for
cign insurance companies, was declared
unconstitutional.
BY reference to the Auditors books.
have learned that while the law was en-
r.
panies compiled with its provisions by fill
ing their scmi-annual statements, and af-
Itcrward making the necessary deposits Of
funds or securities. These deposits were
held in trust by the Auditor for the policy
holders of the companies making thcm.-
When the law was declared unconstitu-
tional these deposits were Withdrawn, and
we are left without any law regulating this
important and growing branch of CONNER
cial business. 1t is now questionable
whether there is law authorizing the SER
vice of process on the agents of foreign in
surance companies in suits growing out of
contracts made by them in this State
that the magnitude of this branch of bust
ness may be seen. learn from gentle
man conversant with insurance in thi,
State. there is paid annually by policy
holders for Insurance. in foreign companies
not less thar $685. and that the
amount covered by insurance in those com
panies is about so, 900, 900.
!, therefore. recommend the passage of q
law which will in the first place give to
the policy holder perfect security, and
in the second. foster anil encourage bona
JJfde insurance companies organized by on,
own citizens under the laws of the State:
without such stringency. however. in its
provisions. rs TO drive from our State good
and solvent foreign companies. thereby
cutting off a healthy competition.
In the progress of our State in popula.
ton it has been found necessary to erect
two prisons. which contain about i've hun
bred conviets. and of that number about
fifty are under twenty-one years Of age.
The Legislature Of 1855. impressed with
the necessity OF providing place in which
the young delinquents might be confined,
where the old and hardened criminal
should have no power to lead them furth-
er astray. or induct them deeper into crime.
provided for the purchase of a piece of
groun,l for the purpose Of establishing
Honse OF Refuge. In April last. Govern
or Willard and the State officers negotia-
ted with General James F. Drake for the
purchase of one hunlrcl acres of land.
four miles west of the city for that pur-
pose.
The importance Of such an institution
cannot be over estimated, and it has had
the frequent recommendations of my pre-
dcccssors. In view of the fact that the
penitentiary to young mind is perfect
school for vice; that mere boys are SEN
fenced there in order to avoid an expense
to the county for their maintenance in the
county Jail; and that by contact with old
Offenders, they come ont At the end Of their
term as vicious as their instructors. can
hardly conceive want more seriously felt
than this. In our sister States, these insti-
tutions. under the names of Houses of
Reform. Houses OF Correction, estate
Reform Schools &c. have been tried with
success. The establishment Of a House of
Refuge upon the ground selected and pur-
chased for that purpose. is imperatively de
mandcd-demanded alike by COOL morals
and sound policy-and recommend that
prompt and adequate action be taken by
you in the matter. and that an appropria.
ton for that purpose be made.
By law. approved March 9TH. 1859.