Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1863-01-22

Legislature will make prompt provision
for the payment Of all claims growing ont
I. Of the operations of.the Legion. and for a
proper distribution of the funi. = t',a.7
J Strongly impressed. how much the peace
and security Of the State depended ON the
efficiency of the Legion. in the month OF
October l summoned the officers to this
city, to receive military, Instruction in a
school temporarily organized anil conduct.
ell by Major General Love, Some fonr
hundred gentlemen were in atten lance, and
the spirit aud devotion manifested bv them.
and their progress in military knowledge.
were OF the most encouragin. and satisfac.
tory character. +, -. l..sI.r - .,.s.s,..
PROCLAMATION CALLING OUT THE MILITIA.
!. At the time of the invasion Of Kentucky
. by Kirby Smith the guerillas infested the
Kentucky sile OF the Ohio river from
) Lawrpnceburg to Mt. Vernon anil at sew
. eral points large bolies o: rebel cavalry
were assembled. anil seemed to be await
ing an opportunity to cross the river a,,l
invade the State. The river was very low.
in many places for,lahie. an.l MUCH alarm
prevailed in our border counties. .aaagsi
q Accordingly issned a proclamation, a
copy of which is herewith fled. reuuirng
all the able bodied men snlirct to military
service. between the ages of Is anil 45. i'm
the countieS bordering on the OHIO river.
to assemble at stated perio,is. with whatcv.
er arms they could command. to organize
themselves into companies and be instruct
est in military tactics. This proclamation
~ :, x.arv ,,anoro tl,,t ,,,
ried into execution by the people. anil was
continued as long a the emergency seemed
to reqnIre. The preparation thus male. in
connection with the Legion. for repelling
aud furnishing invasion, deferred the guer-
rlla and marauling parties who were
plun'lering and numbering the Union men
ON the other sile Of the river. AMI protect.
ed the lives and property Of our citizens
! ADJUrANr GENERAL. "
/ lay before YOU the able anl interesting
report of AIjntant General Noble.
! 1t contains briri history Of the opera.
tions of the State in furnishing troops for
the prosecution of the war. AMI much most
valuable inf ,rmation. have instructed
him to prepare another report. to contain
the name Of every officer anil private sol.
dier who has entered the army from In,li
ana, with the nnmherofthe regiment, com
pany or battery to which he belongal =
Such report woul'l he invaluable hereaf
ter as work Of history. a're
STATE AGENCY.
} The report of the Hon. r. n. Hulson.
Agent Of S ate. is herewith lail before yoI /.
AMI yonr attention nsitel to the recom-
menlaIions in it. TO change the form of in
debte,lness. Inv substituting coupon boni-
for ce'tiiirates OF stock. AMI abolish the of.
flee of Agent OF State. as at present organ
ized. BY the terms OF the compromise
with the bon'lhollers. male in 1916. the
State is required tn keep an Office in New
York FOR the transfer Of onr stocks anil the
payment of the interest ON them But thi,
agreement can he complied with fully hy
selecting some responsible hank, in such
manner as may lie determined hy tn, Leg
islatrre. to perform the dufirs that are now
devolvel upon tie Agent of State. Unlrr
the present system the risk Attending
the solvenry Of bank has to be incurred.
for the Agent. having no means of safe
keeping the money rel. ittei to him by the
Treasurer of State. deposits it in bank. anil
III payment OF interest to the hnll~rs of ouI
stocks gives his check, upon the bank.
/ So much of the business. therefore, be-
ing necessarily done through the bank. |
am of the opinion that it coull he dcvolv.
ell upon the hank. with increased safer,
AMI economy to the State.
In 1916 the State of Indiana male an
adjustment will, her creditors, nnler whici.
the form r State bonl, were to he surren
dere'l anil cancele,l upon certain conditions
anil new stork> issnel in exchange. -Oul
OF this adjustment srrang the Indiana fiv"
per cent. stocks as known in the New
York market.
One of tho conditions Of the adjustment
was that the State shonll establish an agen
cy in the city Of New York Tor the transfer
OF these stocks AMI the payment Of the in.
tcrrst npnn them.
J By express enactment OF the Legislature
it was provided that these new cer,ili, ate-
of stock shonII ne transferable only at th
ag~ucy in New York. on hooks provided
Tor that purpose. When stock was trans
ferret the oil certificate was taken up aud
cancelled. anil new one issued. made pay
able sothe person to whom the transfer
was made. These certificates were not
payable TO the bearer. dill not pass by de.
livery from hand to hand. an'l were not
negotiable in the sense of the law mer-
chant. II was expressly intended they
should rot lie. At anil before the tirns.
Of the adjustment spoken of, it was
claimed by The State that numbers Of her
bands. which hal been deposited in New
S York. or hypotheratel for small sums oi
money. anil for which the State hal re-
ceiveal little or no consideration. hal been
improperly and franlulently pnt into cir
cuia,ion. But as they we're genuine. male
payable to the bearer. and the property in
them passed by mere delivery She could
not do otherwise thai rccognizs them as
valil obligations These circumstances
lei to tise peculiar provisions in regard to
the new stocks. To carry out the new ar
rangement. printed forms of the certificates
of .toeks. signe,l by the Auditor and
Treasurer Of the State Of Indiana, were de-
posted with the State Agent in the city
Of New York, to be by him conntersigned
and filed up as TO dates. amounts. names
Of parties. and registered in Books pfovi-
dcd by the State for that purpose 1t il