The Indianapolis daily herald. [volume] (Indianapolis, Ind.) 1865-1868, 1865-12-09

position 10 the bill. lie entered into detailed
history 81 railroad assessments made IN this
state. extending his remarks beyond the usual
hour Of adjournment, and before he had
concluded. gave way for
Mr.. WILLIAMS. on whose motion the sen
ate adjourned till nine o'clock tomorrow.
HOUSE OF REPRESENTATIVES,.
FRIDAY, December :, 1855.
The CLERK called the House to order at 0
o'clock A. NJ.
ON motion by Mr.. MILLER, Mr.. Hamrick
was called 10 the Char.
on motion by Mr., SHUEY, the reading OF
the journal Of Wednesday was dispensed with.
PETITIONS AND MEMORIALS.
Mr.. MONTGOMERY presented temper
ance petition, and memorial for claim,
which were appropriately referred wsth"ut
reading.
Mr.. SPENCER presented memorial from
the Commissioners of POsey county.
Mr.. REESE presented a memorial from the
Commissioners Of Randolph county for repeal
of the soldiers Relief law of 1865, which was
referred TO the Committee on Ways and
Means.
Mr.. GOODMAN presented the petition Of
sundrv citizens for a change la the Common
school law-the districts may determine
teachers and branches taught-which was re-
ferred 10 the Committee on Education.
b. Mckee and others, of Miami county, against
the pardon Of jefferson Davis, which, under
the rule, was referred to the Committee on
Federal Relations.
Mr.. ALBEIT presented the petition Of sun
dry citizens of Bartholomew county ON the
subject of temperance, which was referred
without reading.
REPORTS FROM COMMITTEES.
Messrs. COWGILL, BOYD, GROVES and
al f.farfu ron
the Committee on Claims. Worden Il Co.'s
foe $40 10 lies on The table.
Mr.. NEWCOMB, from the Committee on the
Judiciary. returned Mr.. Noods Calumet canal
bill, III. X. No. 81, recommending an amend
ment by way Of substitute.
Mr.. MAJOR from the Committee on Fees
and salaries, returned Mr.. Johnson's county
officers bill, III. X. No. 3Oi, recommending that
il be laid OH the table.
He also returned the fees and salaries bin
Is. No. 226l reporting that legislation thereon
IS inexpedient at this tlme
Mr.. BURNEs, from majority OF the Com
mittee on Rights and Privileges, returned Mr..
Lemons Thirteenth Article bill, H. X. No. 2.3,
without recommendation, asking to be dis
charged from Its further consideration,
Mr.. BUSKIRK, from the Committee on Cor
porations. returned Mr.. kilgore's Insurance
AGENTS BILL III. X. No. 10. recommending that
Il he laid OH the table, for the reason that Its
provisions are incorporated into pending
He also returned the City Corporations bill
:. No. sol recommending that it be laid on the
liable. for the reason that the sublect-matter
thereof is embraced in pending bill.
Mr. FOULKE, from same committee. return
ii the Vernon Charter bill :. No. Il recon-
its passage.
MIR IOCKHART. (by consent). from the
Committee on Railroads, returned the Branch
Railroad bill, Is. No. 206l, and the White River
Navigation bill, :. No. 2lll, recommending
heir passage.
NEW PROPOSITIONS.
MIR. BRANHAM introduced a bill III. X.
}l3 for an act abolshing the offices OF fresl-
lent and Commissioner of the sinking Fund;
and transferring said sinking Fund and man.
,gement thereof to the Auditor and Treasurer
II state. and defining their duties in relation
thereto providing for the investment OF the
sinking Fund i'm the stocks Of the State, the
execution of non-negotiable bonds IN certain
asses and for distribution of interest accrulng
20 said Sinking Fund; and declaring an emer-
,ency. ION the 10Th of January, lS66-said
bonds mortgages, stocks and securities 20 be
nnded i'm non-negotiable bonds Of the State
Bearing six per cent. Interest. Interest sacred
or the support of common schools. tund
commissioners to make final settlement Janu-
Try 70, 1867.
Ii was passed to the second reading ana oOo
.opies ordered To be printed.
Mr. RICE submitted the following:
Reslred Inst too Lieutenant Governor be Teques'ei
send Immediately to this House. the letter written
" Charles Batter Of New York. TO Governor Morton,
N The subject oi the adj a. msnt OF the state DEBT
IL was adopted.
MIR. MILLER introduced bill III. X. 3l4l
or an act to raise revenue for the expenses Of
he year 1866, and repeating the second section
If the act of March >, 1863, for the revenue OF
1860 and 1866. Ten cents on the SlOo, 81 90
Jn each poll.
IL was passed to the second reading.
Mr.. STRINGER introduced bill III. II. 80
for An Act To amend section l04 Of The Nalua-
ion and Assessment Act of June u, 49,. III
allows the County Treasurer 10 per cent OF de-
inquent taxes collected, instead of fve-and
sheriff fees and mileage to be paid by the de-
inquent.
Ii was referred to the Committee on Fees
and Salaries.
Mr.. MILROY submitted the follOwing
Rssosge That the Auditor Of State be requested to
report this House a. soon as what amount
has been paid to the State Printer Tor the year
1906
Ii was adopted.
MIR. HOWARD introduced bill III. Il. 3l6l
for An Act TO amend section Il of the act pro-
viding for the government and discipline OF the
State Prison, and repeating acts on this subject,
approved March 3, 1856, and February :, 1897.
II was referred TO the Committee on the state
Prison south.
Mr.. COWGILL introduced a bill III. II. 81
for An Act 10 amend the 2lst section OF the
act regulating general elections and prescribing
The duty Of officers in relation thereto, approx
ed June :, 1852. 1t adds TO the oath to this
fleet: And that you never departed from the
i'm which YOU are enrolled and went
beyond the limits Of the United States To avoid
any draft, but that when YOU were drafted you
in obedience TO notice, and did
rot depart without permission" cts.
IL was referred to the Committee on the
Judiciary.
MIR. HENRICKS introduced bill H. Il.
BIS for an act to amend the first section Of the
act tn incorporate the II. Joseph Iron Com
pany, approved January -, le6o. Ii adds TO
the privilege 10 manufacture Iron this: And
other articles.
INDIANAPOLIS CRIMINAL COURT.
Mr.. NEW COMB called up the special order,
namely. his indianapolis Criminal Court bills.
be made the special order Immediately after
the state Debt bill shall be disposed Of.
IL was 20 orlcrcd.
STATE DEBT SINKING FUND.
The special order. namely. the consideration
Of the Joint Committees state Debt sinking
Fund bill IL. II. 2S5l. was taken up-the ques-
ton being on the final passage thereof.
Mr.. COfFROTli. being entitled TO the floor,
Mr.. Pettit's construction Of the acts
Of Congress eXempting stocks from taxation.
He regretted that Mr. l.. was not in his place.
lie first submitted the objection to tho bill in
section 4, where il l. provided that after paying
the interest on all the debts including the war
debt, Of the remainder, 20 per cent. goes to-
wards liquidation Of the > per cents. and 80
per cent. towards the ~ per cents. Now the
~ : rate al about ~ cents on the dollar The
IS are about par. IL was probable that these
both would 20 down TO half par. But we don't
buy them at the market value. but buy their
face. If they they should run down TO 81 cents
il was .plainrhat the loss 10 the state would be
Just half the debt.
Mr.. BRANHAM. Wouldt We make more
money by repudiating the whole debit
Mr.. COFFROrH could not see the point of
the suggestion. All States buy up their bonds
AZ their market value.
Mr.. MILLER. suppose we make such legis-
lation - viii reduce them 10 ten cents on the
hundred dollars;
Mr.. COFFROTH did not understand that
their value could De controlled hy legislation
He then proceeded 10 show. that whether the
debt be due or not. the hill j. wrong. III the
debt be due, the bill does not provide adequate
IL for it, payment: and If il De- not due. the
10 in L..