Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1865-09-22
raE EXTRA sEssroN-r8E oBJECr
~ CONXENING IT

By reference 10 The last report Of the Agent Of
the State, 10 will be found that there is ouistand
ing Of the Five per cent. State Stocks S. .342.-
500. and Of the Two and one bali per cen,. State
Stocks g.. O76 AGO 50 These stocks become
due In January next. bat !, is understood 10 The
bcnds that they are reissmabls ss the pleasure
Of the State. The Eve per cen, stocks have beeo
selling q, from eighty 10 eighty ave cents on The
dollar. and the two and half per cent 81 from
City Eve 10 s.r,y cents
We are informed that the main object in con.
veaiag the extra session - 70 adjust this debt ~
viii be reeoIiseted that His EIeelieney recently
spsnt several weeks in New York 70 Fscupsrste
his vital energies. but gentlemen who were 10 the
eity al the sane time thought that he vas about
q. sound a sick man az they had ever seen. IL
il rumoTed that the main business Of our "Psui'
otie" Governor. on his visit eastward. was TO ar
range the plans for redeemug the State debt fall
ing due In January. by substituting for il six
cent stock, TO run some twenty years The Gov
srnor's financial agents in that city. Messrs
wrsstow. LasfEn 4 Co fell readily into the pso-
posed scheme Of His Excsllency, il they bad not
been kind enough to suggest II to him Let US
/. fxure a little on the operation.
Fifteen pnr eenf discount on o. ,3$2. 500 %
I've per stock would smcuut ts0i ,5TS o,
Forty per cent; discosB. on e2Os6.4e go so
voald amount to. .-..........-..-... eJl'SSf -
Making siOtal of.................. si6a205s q
There can be no doubt that a siI per cent In
diana stock would readily command It's face
hence the change Of the present FIVE and two
and half into siI per cent. stocks would Lei
the holders over sixteen hundred thousand dol
isrs II would be pretty nice speculation fol
somebody to get the State TO make this arrange
ment or course His Excellency is entirely too
patriotic and unsefsh to be a party in AM
such operation Messrs WISsLow, LAsfER a
Co. the Governors financial friends. may not
however. have any conscientious scruples in sha
regard. aud il Is said they have purchased
large amount of the Indiana fyes and Two ant
Q halves for themselves and their correspond
ents, in anticipation Of the adjustment OF tn
deb, upon the plan We have foreshsdowed II i
also reported that those shrewd fnaneeers have
sent IN agent 10 England 20 purchase the stocks
held there.
To get a bill OF that magnitude through ID,
Legislature it will require considerable engineer
ing. and as the pay Of members IS quite small
there may be inducements held out for them tC
participate in the benefits Of the operation. On
hundred and City thousand dollars would be
small matter II sixteen hundred thousand dollar
could be secured BY the investment. and at tn,
same time maintain the faith and honor of th'
State. Such an arrangement would also add u
the already high reputation of Indiana and give
His Excellency the credi, of being skilliu
hnaneier. a. we'll as tue " soldiers friend "
While the arrangement would add some 1925 COZ
annually to the already burdensome taxes. ye
the people should be too happy to make some sac
ri6ces to maintain the good name Of His Excel
lsncy and give him the reputation of grsa
financial ability.