Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1865-10-04

AfrsT several DAYS silence the Journal Of yes
tsrday felt Itself nscessi,ated We suppose 10 say
something upon the Stste deb, question. On /
the 9th OF September se proposed four inquiries
70 the Repablic.a organ. and asked for fair and
manly answers We reproduce those questions
for they are ju-i as pertinent Dor as then:
/. II the bondhodess have not the right to
demand payment Of the Site for the bonds - !
sued under the Isw OF January 10. lS46 a. the |
expiration Of tsensy YEAR, viii tbey ever have
the righf7
2 II the State i 20, in honor bound 10 pay
or adjust this debt the satisfaction Of The cred
itors az the end OF tHentV years i there sny Oh
legation on the part of the State 10 pay or change
the character OF the Indebtedness aud the rates
Of interest upon five and two and bali per
cent.-at any future tmel
}. II the debt i not due 10 January next, Ne
inquire of the Journal If the bonds issued under
the act Of 1876 are not a perpetual loan II the
State - desires IT, Il the rate of interest spec
fed-hve ssd two and q half per certi
4 And we also inquire Of the Journal IL good
faith on the part Of the Sttte does not require
that demand Of the bondholders OF the funded
debt for payment after the expiration of twenty
years, shall be met BY either IT. payment, or else
areneval Of the debt upon terms which shall be
just and satisfactory TO the creotorsE
After four DAYS consideration, the journal
mustered courage enough 70 answer Of our
inquiries. aud only one In reply to the fourth,
il says:
AS to the question addressed 20 US we remark
that ia contract TO paw sun Of money a. any
time after twenty years at the pleasure Of the State
means that i is payable absolutely At the end OF
twenty years, good faith requires that il shall
then be paid-otherwise not We have repeat
eddy expressed our conviction that IL means 20
sach thing"
And mas il not expressed its convictions to be
just the reverse of thisy The Terre Haute EI
press. in an article upon the subject, which will
be found in tO-dsy's paper. says: "If the editor
ofthe Journal will look back on his files only
few months ago, he will there End he then be-
lieved that that portion OF the debt Of the State
expressed 10 FIVE and two and ont-hslf per cent.
stocks. falls due on the 18th dsy of january
next. and must Be pTorded tor or the integrity
of the State will suffer" Nor aud for some un-
explained reason, the same paper has changed TO
the opinion that the deot does not fall due at that
time. and hence must infer that the State il
not called upon TO provide for IT, We have got
from The Journal and stick a pin
there Will it answer with equal frankness, the
other enquries2 II it ~ill shall then havea
fair held TO 20 90 with The discussion Of the SUBJ
ject. question of State policy. Invested of
party considerations
The Journal takes the ground that the debt is
not due 10 January next IL has not vet denied.
and il cannot do so trutbfully that the object OF
~.
was for the purpose Of adjusting the funded debt
Of the STATE created January 10. 1876. The
Journal assumes - be the organ Of the party
and of the State AdmnistrAton-henee We have
the right TO ACCEPT is views ss authoritative The
paper has DO individuality. 1t does probes.
in its editorials to give tue individual opinions OF
HoLLow*r, DouGL.ss. CONNER. NkwcoNB.
FLETCHER, HAKBiss, HALrs and We do not
know hov many more ait ,ohes. but the prnci-
piles ard policy OF the party 1t represents. TAX
ing these facts into consideration. We had The
right 20 ssy--the Journal assuming the ground
that the debt not due in January next-tbat
there could be no other than speculative pur
poses in attempting TO adjust an indebtedness Of
the State, the payment of which the creditors
had no right TO demand We showed by th,
figures that such an adjustment would
virtually sid 81 GOO 900 to our State in
debtedness. and increase our annual taIe.
$I25.0O0, without any consideration what
ever. so far a. the State was concerned I be
Journal said there was an apology for this enoI-
nous addition 20 the burdens of the people by
changing the character of the Indebtedness, and
il was to prevent some futere Democratic Agent
of State from embezzling the public money.
There is no evidence that the State has lost a
dollar by either of the last two Democratic State
Agents. 80 that the force of that argument is
lost But the journal unwittngy comedies. il
Offering this excuse. that the Democratic party
may come into power once more IT il should
not. then il i reflection upon the integrity of
the members OF il own party, who might be Sc
lected to the position. The Journal must admit
that If its construction of the act OF January 49,
1864. il correct. it would be doing great injustice
10 the people of Indiana to saddle them, just at
This time. when they are being taxed 30 freely
with additional burdens especially il says the
faith aud honor of the State i not pledged to
adjust or pay this indebtedness in January next
That is the dilemma which its construction of the
act of January 10. 1864 places it in. and from
which il cannot e-espe
Again we ask the Journal for a reply to our
unanswered questions.
The hostility OF the Sentinel TO Governor |
Morton transcends the ordinary rancOr of party |