Indiana American. [volume] (Brookville, Ind.) 1865-1872, 1867-01-18
TERMS OF ABvERTsstNe


be cancelled. o1s 's'iH ~ yt4 -
The Board Of Sinking Funsl cospses-
sioners, by virtue Of an aet pas> edeafso st
the late extra session, directing them fo
invest any moneys belopgiug 70 the fsnd
in Indiana State bonds or kfocis shsse
purchased stocks and bonds to the aas6unt
of seven hundfed and nine fhousandIsni
twcnfy-four dollars and eighty. fifc ccnts.
1he Auditor Of State and the Agsntief
State in their reports point out several
material defects 10 the first OF the sbose
mentioned acts. which require Iesislztiss
remedy. In sddision 10 these poi.ltssI mai
by these officers, | viii cali Your attention
70 another. 21. D.. ~ fFr tis7 - sen
h The seyenthsecsion ofthc oct abolistss
the Board ,f Sinking Fund cOmmisziee-
ers -, Tie 50ih day yf3J spasry fsc5. aud
directs that all the property ef sl,arsssr
kind, both real AID persousl, bclsa,angto
sai d fund, ,scgether with the books and pa
pers, be surreAdered aud turnedicsert e.
The Auditor. Tbe a1ngal sale of Sinking
Fund lands took place on the llth day OF
December, 1866. and by the terms pf' the
law deeds are to be made to The purckas-
tlc va. c0tn ldklAo ~ dIc udA tEuCttGCl. ii
the expiration Of sixsy Days, froaf that
time, which will be 10 February, az Whici.
time he Board OF Smiling Fund ccmnis-
sioners having ceased to exist. there VII
be ne oficer having authatity to exEcsde
the eonyeyanccs II viii fnerefote sbc
necessary to empower some dfieet Of ctf
GERS TO execute the deeds and perfect De
eoatFact With the purchasers. . - e-'94
The act is further defective in fsifihclfo
give Tic Auditor authority 10 collect the
moncy upon the bovds7 aud norfysee ees
falling due, which are tobe placed il his
hands by tie Sinking Fdsd, by selling
the lnortgaged lauds. Ht'sas tce 4aI
Such authority sion ) he 'directiyrcsH-
ferred. and Ne, or ,oilIer proper officers,
should be powered III execute ieensss-
'ahees 70 the heparehasers. 9sesl e. eoiyiss
r AS the law now stsods, sfter.fthei geoh
'of anuary, 1857, there will lbeino ofiesr
authorized 10 sell the piortea eed lst tsls,ssr
MAX deeds toepurchasers thesef5r.r sais'
The.borrowers 'freul tho sin kiDgisfunsl
ON mortgage security bave. by specialseB-
aetments, had their loans extended Cor
five years from 1868, by paying the asbeu1,
due in ,s9aal .saausl ipsta.lsuenis. Gpos
their. failure to pay any of these install
inenis their lands can be offered for Sale.
aud If there are no cash bidders, sold on
credit ef Eve years This may defer
collection os u part of the money for eley-
en- years, aud Us the State has abandoned
the policy Of lending money on mortgage
security. it will be incosyenienf and un-
necessary to keep these claims outstand-
ing so long, aud j therefore recommend
that the law be SO changed that when tile
morigaged lands are sold they be sold FOR
cash, and thus close up the transaction
Ave years sooner. -
SINKING FUND INyKsTIGArIoS. cit
At the late special sossionta concurrent
resolution was adopted, Jirectins the Gvy-
srnor to appoint y Committee OF three
persons to investigate the management
and operations of the Sinking Fund, and
the manner in which the moneys belong
ing to it have been invested ordeposited.
Governor Baker appointed on this eonl-
mittce, Hon. Il. W IL. Ellis, Hon. John
a. Matson,and Major Thomas j. 10 La
Hunt The Committee pist aad organic
ed 10y the appointment Of Charles l.. la
cobs. Esq, as Secretary, aud proceeded TO
the investigation.
Their. report, accompanied with tho
evidence ia The matter, is herewith sub.
uinted.
ArJrrAST GENERALS REPORT.
The Office of the Adjutont General has
been we'll aud bly, administered by Gen
cral Terrell. The report which be is pub
lishiug will consist of seven large vol
pnes. Of which six have been already IL.
sued, aud will be invaluable us history
Of the officers and soldiers Of Indiarn
during the la.e rebellion. IL is INTENDED
TO give the name aud military history Of
every officer and soldier who went into The
army from this State, and thus Iurnishs d
public record Of the service, and honorable
discharge Of every good soldier, aud FIX
Tic status Of avery deserier and OF every
man who dismissed or punished for
cowardce or crime. The value of the rcc-
ord will increase with time, aud viii bc
held sacred by coming generations, tp
whom il will rerpetuaic the honorable
deeds of their ancestors; aud il is TO be
regretted that the Legislature did 30,
make provision 10 have the work siereo.
typed and the plates purchased and held
by lhc State. From those who have cem-
pared it with the reports from other States.
aa assured ihIist will le found TO be
more complies in It's information aud per
feet in its arrangement than amy similar
work, aud General Terrell is certainly en-
titled TO great credit for tic ability. caru
aud industry displayed in its preparation.
oUARTERMAsTIRGEN pErARrMEsr
The Stale received from TIC General
Government Ut various times during tho
war, Cor the use OF the Indiana Legion.
Gl5f2) forty thousand five hundred
and seventy two pieces Of small arms, and
tweniy-oue pieces of artillery, with car
riages, caissons and equipments, all OF
which were charged 10 the State, shd re-
quircd to lie accounted for.
The report of the State Quariermaster.
Gen. Stone, shows that ti,2i2l forty ops
thousand two hundred aud twelve guns
have been returned to the proper United
States ordnance officers at this poiur. and
(530) FIVE hundred aEd thirty guns lost
and destroyed in The service have been
accounted Tor by proper afidaviis. making
u total Of Il,742) forly-one thousand
seven hun'i ed and forty two guns account
ed for to the General Government aud
that all the artillery. caisspps ppd equip
h.ao This l..-ra-