The Indianapolis daily herald., 1865-12-12
AFTERNOnN sFssInN


The SPEAKER directed the Clerk to report
the journal Of saturday.
On motion by Mr.. Bt'RWELL the journal
was authenticated without reading.
INDIANAPOLIS CRIMINAL COURT.
On motion by Mr.. NEWCoMB. his series of
bills IL. X. 20, rs. 20. 30 and 300 for a
Criminal Court i'm indianapolis, etc. were
taken up
The bill No. 30 TO amend The second section
OF The Judicial act of June %, WAS amended
in the first section by adding this: "Shall
have no criminal jurisdiction bat only iuris,lic-
ton Ia civil cases" and 80 il ordered To
the third reading, read the third time and
passed the House Of representative 10.
NAYS I.
THE SPEAKER announced the Select Com
mlltee on Mr.. Buskirk's Court bill, No. Dos
viz: Ncssrs. Buskirk, Albeit, Boyd. IIumph-
rey> and Neach.
The bill, No. 2'S. creating the 18th Judicial
Circuit. etc., was amended by inserting al the
end Of the section clause 10 thi. effect: " The
person. convicted of felony in such court. and
sentenced ~ hard labor in the State Prison.
shall not be forwarded 10 the prison until the
end of the term wherein they were convicted,
unless by order Of the Court
And then, on motion II Mr.. NEWCOMB. the
bill was considered engrossed, ordered To
the third reading, read the third time and pass.
ed the House Of Representatives yeas 20.
navs6.
The bill. No. 20. amending sections and
10 OF the act prescribing the powers and dtl-
ties Of Justices of the Peace in state prosecu-
tions. was also passed the final reading in the
House Of Representatiyes-yea -. nays ,.
The bill. No. 80. To amend the nth section
of the act Of March 1. 1862. to limit the num-
Der of grand jurors. etc.. was amended in said
nth section, after the words = Circuit Court"
10y inserting: except ~ otherwise provided
by law" and - the bill was considered as en-
crossed, and PASSED the final reading in the
House Of Representatives g., nays6.
The bill No. 3OO 10 amend section ~ of the
General Practice Act of June Il. ls,2, was Ia
ken up.
Mr.. NEWCOMB SAID thi, being the last of
the series. ia regard To notice. and il not hav-
ns passed the second reading he would move
"A suspension OF the constitutional restrictions
that 1t might be- twice read aud put now upon
its passage.
The restriction was suspended yeas CT.
nays and the bill was passed the final read
ing in the House of Representatives. -.
naysj
Mr., RIIOADS made an Intellectual motion 10
take up the consideration Of bills in the calen-
OAR on the third reading.
STATE DEBT SHINING FUND.
Mr.. BROWN called up the special order:
viz: The consideration of the Joint Commit
tees state Debt sinking Fund bill III. X. No.
M, the question being on the third and last
reading thereof.
" -
resumed his speech in support of the bill at
the point be was interrupted by the adjourn
nent saturday morning. he continued his
reply 10 the speeches of last week by Mr.. COf-
frOth and Mr.. Durham. He showed by figures.
that il would be suicidal for the state of Indi-
ana or the several states, 10 ASK and 10 be al
lowed TO tax United states bOnd>-that She
would gain little, n compared with the larger
stOck-Owning States; and that in the end the
state Of Indiana would DE the greater loser in
eh...l
states stocks that would follow upon their tax
alton for the benefit Of the treasures OF the
weather and larger bond-holdrng States.
The speech l. reserved for correction. Ii
viii be printed hereafter.l
Mr.. HARRISON asked the Indulgence If the
House 10 state his objections. The bill i'm
poses tax of IL cents on each 500 valuation
~ the taxable property Of the State for the
year l>'S, and every year thereafter until the
interest and principal of the war loan bonds
and certificates Of state stock are fully paid
the amount of revenue thus derived 10 be ap-
piled IN the payment u these war loan bonds
and certificates Of State stock indiscriminatelv.
Ii has been said that the main object in con-
Nenlng this extra session of the Legi slature was
10 adjust the state debt falling due in January
next. | believe. however. the Governor has
never publicly announced such TO have been
the object. We are informed by the Governors
message that the amount Of the public debt Of
the state. consisting of ~ and per cent. reg
the sum If S9.SIs.5 i , per cent. and the sum
Of S2.O'6.i60 - j. y per cent. stock. OF
these stocks, the Board OF Commissioners Of
the sinking Fund, and the state Debt sinking
Fund, have purchased in all. 81 ~ ,sg>. leav-
inc outstanding, IN the hands Of the creditors
Of the state, the amount Of s. 0;6. 0S0.
10 i understood I'm the bonds that they are
redcemable At the pleasure Of the state which
| suppose means Al the convenience Of the
state. had hoped that the amendment pro
lsH fl.aft f..
cut of the first section of the Till the war loan
bonds, would have been adopted. The war
bonds were issued untier the act of Nav II.
lssl. authorizing the Governor to issue two
millions " these bonds. The set provides
that these bonds shall lie made PAYABLE 10
bearer twenty wears after date. with interest
al the rate Of six per cent. per annum on the
nrst days Of November Of each wear. al the
Indians. Agency ia the CITY Of New York.
There can be- no question To the tact that
these bonds not due for about seventeen
Years o. come. Yet the bill proposes - provide
for the payment Of the.r band. at the same
time. In the same manner; and in fact they
have preference. in - far - placing them
firSt IN the bill will give their payment prefer
enee over the stocks Of the State issued twenty
years ago.
The huTthens ~ taxation, already oppr,s-
1--WE 10 the people, will b. greatly Increased bV
tn passage II the bill, aud that too al time
when Bearly one -iffh cffhe taxable capital Of
tllt -tAtt - tlft>tt4 securities.
which are. a. every one knows exempt from
taxation. Whether this will ever Dc sufficient
>h1li not undertake L. say. and - far as the
payment 81 the stocks II the state issued
twenty wears $40 l. concerned IL a. not in INV
Judgment material u inquire. Justice To thu
holders Il these obligations. and good faith ON
the part ~ the state. requires that these
obligations should b. satisfied a. loon
n the state can conveniently meet them. hut
lhe ea>e - ~ my Judgment, different in regard
% tn ar han. bends Their can IL no pre-
tencc thai these bonds are due, AMI why
should We increase the burdens II taxation in
\ order 10 pay them, even II We could compel
the bsarerS thereof 10 acctpi pavment before
they mature. nj time when We are unable %
I discharge debt incurred twenty wears ago.
The PAYMENT u these war bonds should be de-
ferre,i until such time A. IL NAV suit the con-
Veniense Of the state, II they % b. satisfied
hrfore, maturity, and until all classes Of our
citizens NAV have the opportunity Of being
assessed for their payment