The Indianapolis daily herald. [volume] (Indianapolis, Ind.) 1865-1868, 1865-12-01


should 90 before him in favor Of tie elucs-
tionsl interests of the country, hut was op-
posed to taxing the people for the support n
this Institution
Mr.. MCCLURE. II this Institution i for
the benefit q the people at Large, then II i a
proper subject matter for universal e0nfribu-
ton or universal taxation. lie objected 10 a
proposition Of this kind being put on a level
or compared with a state penitenfiary. The
competition Tor the location II this Institution
viii run a. high whether the Legislature con-
tributes 70 it, support or not. Then he
spurned the idea that an appropriation by this
Legislature should act a. a precedent 10 con-
troll future Legislatures Legislators are not
worthy the place II they cannot act intelligent
~ upon such questions without looking % pre-
cedents.
Mr.. VAN BUSKIRk A. n friend TO this bin
would like 20 have this 5000 amendment, but
did not regard il a essential. He would
rather have the bill a. IL j. than 10 have no bill
az all. IL would be no difficult task 10 show
that appropriations made In this way might
prevent appropriations in other directions.
When II comes to this question Of general edu-
eation-the support q education by the State
lit seems we become yirtuously economical
all az once
The amendment Of the Committee was re-
jectcd by yeas %, nays ~.
The Committee amendment 20 the 10th Sec
expungine the words {" and NAV for sufficient
The Committee amendment 10 section II ex-
punging the words - residence In Indiana"
was agreed to.
The Committee amendment 10 section II pro-
viding that residents Of Indiana shall have
tuition free. was agreed TO.
The Committee amendment TO section II
changing line ) 20 a 10 read " these schools 10
the Governor. on or before the first Monday
in January" was agreed 10.
ON motion by Mr.. CUL Lien the sth section
was stricken from the bill by yeas >, nays 20.
Mr.. NILES moved 20 amend sections and 3
by giving these appointments into the hands Of
the Governor, with the approval Of the senate.
Instead Of leaving them In the hands II the
General Assembly
The amendments We're agreed 10.
After amendment Of title the bill was passed
10 the third reading.
REPORTS FROM COMMITTEES.
Mr.. CHAPMAN, from the Committee on FL
nance. returned the bill :. No. 81, amending
section Of An Act providing a treasury sys-
TEN for the state Of Indiana. recommending its
passage.
Mr.. MOVES, from the Committee on County
and Township Business, returned the bill =
No. rs 10 amend section l Of the Act to pro-
vide for more uniform mode Of doing Town
snip Business. approved February II, 1889,
recommending it, passage.
Mr.. BROWN, from the Committee on FL
nance. returned the bill III. X. Is7 TO authorize
and require the Commissioners Of the State
Debt sinking Fund TO make settlement with
the sinking Fund Commissioners for $40. 600
War Loan Bonds purchased by sinking Fund
Commissioners with moneys belonging 10 the
Common school Fund; also the sum of $780,
900. moneys belonging To- the Common School
Fund advanced by the Sinking Fund To pay
interest on the state debt; also the sum Of s:S3-
SO 90 Saline Fund. and S22.y4I. Bank Tax
Fund; directing the transfer 10 the Common
school Fund Of the State Of Indiana Of 80
e st.f I..1f
certificates of the stocks of this State will.
NJ the price paid for the same, amount TO the
aggregate Of the sums mentioned in this act:
authorizing and directing the proper officers
of state to issue bond Of the State for the
amount thereof, bearing six per cent. interest
payable semi-annually, and principal payable
and redeemable at the pleasure of the State;
directing the Treasurer Of State TO pass to the
credit Of the General Fund the several amounts
herein specified, etc, recommending its pas
sage.
These reports were concurred I'm. and the
bills read the second time.
THE COMMON SCHOOL FUND.
Mr.. CHAPMAN, from the Committee on FL
nance. returned the bill. H. X. a.. to increase
the powers Of the Board Of Sinking Fund
Commissioners, and 10 authorize said Board TO
loan any moneys belonging 10 said Funds in
Indiana State Bonds or stocks, and providing
for the eanceling of such bonds or stocks, and
stocks, payable to said Funds, with sundry
amendments. recommending it, passage.
The first Committee amendment, striking
out all after the word ''dscretion," in the fifth
line Of the first section. including the word
..discretion." i'm the tenth line of the same sec
ton, the discretion given TO the Commissioners
60 loan money 10 individuals, being read
Mr. Ol LER objected TO making il peremp-
tory 10 purchase bonds whenever there is mon
ey on hand. IL l. much better 10 leave il discre-
tiOnary with the Commissioners either 10 pur-
chase bonds or loan the moneys on hand.
Mr.. BRADLEY favored the Committee
amendment.
Mr.. CULLEN opposed the amendment: for if
YOU gave the Commissioners no discretion in this
matter. they are bound by the terms of the bill
10 invest moneys on hand i'm bonds immediate
". and bondholders could combine and de
mand whatever price they please. He would
jealousy guard this fund for the educational
purposes of the State.
Mr.. HORD thought this was a dangerous
bill-it is leaving too much In the hands or dis
erection Of these commissioners. Ii Is opening
avenue for the corruption of the commits
sioners mot pretending 10 insinuate that they
will be eorrupted) and he was unwilling to
throw corruption around them-to repose 50
much in the virtue Of the commissioners. He
had not given the thought 10 the bill necessary
TO say how the matter ought really to be dealt
with; but with his present understanding of
il, hoped il would not pass.
Mr.. CASON could not see the force of the
objection to this Committee amendment, that
il would raise the market price Of State bonds;
entered into detailed statement of the work
ings of the Board of sinking Fund Commits
and concluded by favoring the adop-
ton of the amendment.
And then the Senate took recess till two
o'clock Z. NJ.