The Plymouth weekly Democrat. (Plymouth, Ind.) 1860-1869, 1861-01-24

! depreciation Of our curteney warn us thai
in order to promote The Ensicial Interests
os cur state-to prevent loss arising from
the receiving of paper money, SO liable tt.
depteciate while ia the vaults OF the Treas
ury. we should provids by law sub:trea
uf5 system The report Of the cofnmis-
sieners appointed by the last legislature to
examine into the debts due the state sus.
gest many reasons for the passage Of this
law. During the last ten years the state
has suiferea to the amount OF thousands ol
dollars by the depreciation Of The carfence
while in the hands of he state and county
otiieers-by the bankruptcy Of persons
VINO have become debtors 70 the state for
money borrowed out OF her vaults; bY the
suspension of banks in which her revenues
were deposited for safety; by The in.pru
dence and improvidenee Of her officers,
and their neglect or failure TO di-chsrge
the duties imposed upon them by law
/ And so guard against reeurrenee Of these
losses; to give that feeling Of security to
the citizen .hat The taxes he las paid are
safely kept and prudeh,ly disbursed. il has
now become absolutely necessary ths. a
rigid law should be passed emhodyins
these provisions: First The collection Of
the debts due the state in gold and silver;
Secondly, The eres.ion Of Il suitabls bull
ding, with secure vaults. for the preser-
vation OF The public money; Thirdly, pla.
! eng those officersh aving control Of the pub
/ lie money under such strict guards thai
, the loanins or discussing of any of II. ex.
cept in the manner provided by law,
should constitute u felony. ard render
them liable 10 imprisonment in he state
I Prison.
I l. il nanifsstly unjust to require an Of
/ fcer TO execute bond to. the state, in a
heavy penalty, for the secure keeping Of
the revenues Of the sts:e. when no pfovis
ion is made specifying the kind of money
he shall receive. aad no suitable place pro
vidsd il. which il shall be kept. The ne
cessity is great. therefore. of providing for
the erection Of building suitable place for
the purpose. with vaults sufficiently sttone
TO guard the public records and revenues
from accident and crime: and remember
ing the success that has attended the sub
treasury system IN some Of our sister states.
and in the federal government, [ trust
that you will give this matter your early
aud favorable attentions:
At the last Nay term Of the Supreme
Court in the case of Igoe ps The state
of Indiana. the law approved February
l0sl.. 1855, regulating the business of for
eiga insurance companies was declared
unconstitutional
BV reference 10 the .tH'fitoF' books,
have learned that while the law vas en-
forced uiheteeu foreign Insurance comps
MES complied with lis provisions by Ill.,
ing their semi-anuull s14telnea! s. and #
terward making The nafcessaty tiCi sIrs oi
f,nds Or securities. pnese deposits were
held II trust by the Aaditer for the policy
holders Of she companies maAiag them -
w hea the law sts declare usconstita. /
tional shes, deposits were ,sltLdrawn. sad
We are left without any law regulating 4le i
important aud growing branch OF cDmmsr-
cial business lr i, n9w question pie
whether there is law authorizing the ser (
vice of process on the aseass Of foreign in I
surance insurance companies in suits grow I
ing out Of contracts alade by them Ia this !
state. That the ma, r,aitade of this branch |
Of business may be seen, leara from a
gentleman conversant with insurance liz |
this state. that there Is pud annually BY
policy holders for Insurance in foreign I
com papies no.: less th,a $3.50, 900, and !
that the amount covered by lasuranca in .
hose companies Is aboat $40, ,0Qo,o 900.
/, therefore. recommend the passage Of
law which will in the FIRST place give to
the policy holder perfect security. and fa The 4
second. foster and encourage iona kCte In-
surance compasies erganized by our own
citizens uuder the laws ofthe state; With
out such stringeney, however. ia rs pro- |
visions, as to drive from cur state good
and solvent foreign companies. thereby
cuttipg off healthy competIoh-
La the progress Of our stake III pop1la: !
tion it has been fouad necessary To erect :
two prisons, whioh contain about tive haa-
lred coayicfs, and Of that number abou. I
fifty are under twenty -one years Of aoe. /
The Legislature Of 1855 impressed with +
the necessity Of Proyiaips place IN which
the young delinquents might DO eontlaed,
where the old and hardened criminal
should have no power t. lead them lurther
astray, or rpduit them deeper into crime.
provided for the purchase VI piece OF
ground for the purpose of establishing a
House of Refuge tp April last Goyer-
nor Willard aud the state officers negotrs-
ted with General James P. Drake for the
purchase of cne hundred acres Of laud,
four miles west Of the city for that pur-
pose,
The Importance of spch an institution
cannot be overestimated, aud il has had
the frequent recommendations of my pre-
decessors. In view OF the fact that the
penilentiary TO young mind is a perfect
school for vice; that M re boys are sen
fenced there IN order to avoid an expense
to the county sor their maintaipance IN
the county jail; aud that by contact with
old oHesders, they come out q; the end of
their term as vicious as their instructors.
eau hardly conceiye a waut more seri
ousIy felt than this IN our sister states.
these institutions, under the names Of
"a, = =