Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1863-10-12
FINANCE REPORT.
Submitted TO the Indiana State Senate, March

ted the following report:
Mn. PRESIDENT:
The Committee Finance, referred the following
resolutions, to-wi
Resored That the Committee Finance be instructed 10
whether hundred thousand dollars apro
pated the Governor Military Contingent Fund has been
expended accordance with the intent and meaning of the law
making said appropriation
ResoUed Committee Finance be instructed to
report their opinion there has been vio-
aon of the embezement laws and at what Time and by
whom, with leave report by bill or otherwise;
Make the following report Of their investigation and respectfully
submit the to the Senate:
18th day of April 1861, the Governor Auditor Teasu
and Secretary of State effected loan OF twenty-five thous-
city. This done before
law passed authorizing the oan but of that the committee
has disposition the officers of State acting
pressing necessity and for proper and praisewohy
In all Investigations will be the aim of the committee to deal
canddy with all coming before them
For the purpose of egazng the loan thus made and making
thereof the following bill passed and approved on the
4th day of May, 1861:
legaze the act Auditor of State deposng
bonds of the State in the Branch at Indianapolis of the
Bank of the State of Indiana security for twenty-five thousand
dollars borrowed by the Governor Secretary Auditor and Teasu
State and and provide for the payment of said
of money by the State, approved May 4, 1851
1t by assembly of the State
of Indiana That whereas became necessary order comply
with the equsiton for recently made by the President of
the United States procure large of money for the OF
the General Assembly could be convened and
whereas Auditor Treasurer and Secretary of
State their private credit and responsibility borrowed
indianapolis the Bank of the State of lnd
for the the State the of twenty-five thousand dol
expended behalf of the State paying the
expenses incurred and be incurred in raising and sustaining
troops compliance with the said requison of the Presidents
Whereas and other officers of State aforesaid
gave their pomssory for said of dated April H.
1861 payable the order of c. L. Stevenson Cashier
of said Branch Bank with the payment of
said the said Auditor State deposited in said Branch Bank
five per bonds of the State of Indiana, the of
thirty thousand dollars therefore, the borrowing of the said of
twenty-five thousand dollars, and the dposing of said bonds
security for the payment thereof above rected hereby de-
ared to be legal and binding the State of Indiana and the
debt aforesaid hereby assumed and shall be paid
Indiana the Contingent Fund of the Gov
appropriated Assembly the purpose de-
ayng the of responding the Proclamation of the
President United States troops and if funds peci
ally provided for the purpose of paying said debt should be in the
Treasury when becomes the then the
said debt shall be paid of that be in the
Treasury, and not otherwise specifically appropriated
Section 9 There emergency which requires that this
should take effect immediately and therefore enacted that it
and be in force from and after passage
will that the twenty-five thousand dollars, bor
'front.' of this city, before the meeting of the
the General Assembly, ordered by law be paid
Contingent Fund of the Governor there be
of that fund.- debt shall be paid money
may the Treasury and otherwise specifically appro
praed of these modes of only could be legal
sequel will show how and from what fund the paid
prosecuting the history of the laws appropang for
the payment expenses assumed Indiana find the
following enactment passed by the General Assembly and APP
proved ont the 9th day of May, 1861:
"An making appropriation defay the expense of pre-
pairing the President the United
for troops, approved May g. 1861.
Section L. Be it enacted by General assembly of the State
Indiana hundred thousand dollars be- and
the hereby appropriated to the Governors Contingent
Fund the purpose paying the calling and
sustaining the militia under this requon of the President of the
and that the shall be drawn the order of
the Governor specifying the articles, and from whom purchased
the services rendered. and by whom and that said order shall be in
Auditors office before issued therefor
such where the be deemed expden by the Gov
but that detailed thereof and report
the ensuing General Assembly all disbursements by him made
of said fund.- specifying each item thereof
Section . 1t is hereby declared that emergency exists for
the immediate taking effect of this therefore shall take effect
be in from and after its passage
Out of this ample appropriation of hundred thousand dol
lars expected that all expenses which had been incurred
certainly that the
allowed that the requirements of the law of May 1861 directing
payment of the loan of $4,000 of this fund That
reasonable expectation, because awni Ii spe
the of the of call