The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1873-01-10


4. IO.'
!, Then it will be seen that this bin pro
yides that the ow ners OF the Canal ac-
ceptcd deed of transfer 10 III q msel yes
isuJECr TO ALL TX ;sTING LIENS At THAT
TIht- II this act was valid and il was
,competcnt for the State TO compromise
: with her creditors, the truth of which
cannot he questioned. then the bond
: holders received just what they con-
ltracl ed for: and that if as alleged, the
) l9l outstanding. bonds are lien upon
1.-THE Canal, the truth which | will not
question, as a legal proposition, these
, men accepted the Canal with full notice
+ rof the existing liens and have no right
morally or legally to complain of the
State, and in my deliberate Judgment
the members Of this house should not
now distrust this solemn compact which
has been endorsed by the people for more
than twenty five years. Such reversal
OF the Judgment Of the people is an in
novatiOn unwarranted by all the facts
involved in this question and is fraught
with great danger to the people.
II it shall be the judgement of the
house, that we ought to assume the paw
ment of this debt, there are in my judg-
ment many fatal objections and which
may involve the people in great trouble
and require a large expenditure Of pub
llic funds. II this bill shall become a law
Iit opens the door to payment of anv
ana all bonds which may he presented.
and the appropriation provided for in
this bill is for a certain sum. but by q
clean survey for provides for an expcn-
diture that may be swelled to many mil
lions before the last Of the bonds may
be found. The amount outstanding is
unknown, as we are told by his Excel
!ency the Governor, but that his judg-
ment is that they number one hundred
and ninety-One in all. And it isano-
table feature OF the whole nsaction.
the want of knowledge by those in au-
thority and who ou ght to have the mean
OF Knowing the exact mn mber of these
bonds. yet outstanding and the resi-
dent Trustees fthe Canal, who ut least.
ought to know TO a certainty the num-
ber Of the bonds, fails. hen applied toI
by his Excel!cncy the Governor TO tell
Us how many Of these bonds are vet
outstanding. Then, sir, in my judgment.
u ], time engE to pay these bonds, il fanv
of them are 10 be paid. which l think
ought not to bc done when the Court :
have passed upon them. and we know
lus' " hat amount is to be appro opriaied.
Ills ceria inly time enough 10 pay these
bonds as fast as the Courts NAV direct
hem paid.
The fifth section of the bill provides
Tor making the State party to the suit.
rms provision. upon reflection. L am OF |
he opinion IL very fatal one and should
DC stricken from the bill ii the bill is 10
,eocInc Il law. As this may involve the
state in long series Of litigation, and
when The payment is made as contcm-
dated in the act il may pave the way |
or nnnbcrlcss Judgments against t..e
state aud q large ex peuditure Of money.
l am willing, sir, TO accord to the
'wncrs OF the Canal the sam rights aud
'eineGic. that the Courts accord inai-l
,iduals in the daily affairs cf life and II,
hinx them Untitled 10 no greater reme-
lies than individuals. III YOU buv all
arm on which there is 4 mortgage. and |,
Is stipulated in tie decd that the!
ransicr is made subject to that mort
age, The courts will give YOU nc relief,
saiilst the holders of the mortgage or,
no party from whom Won purchased Il
lac laiiu. for the simple reason that Won |,
eceivcd just what yon contracted for. Il
nd am wiling to appiy the same rn.c
D the 0 wncrs Of the Canal and they lnvc
% right to complain. /,
have no sympathy for the bondhod
rs. DIS Is nr question OF charity, but !,
ne OF itenl dnties we owe H. olrrsciycs i
; mem bers OF his house and The pcc,l,. I,
ludiana 10 whom we are responsible. !
settled fair win them and have full
complied with the contract on our
artald this is more than they have done !
hey agreed to complete the Canal 10 I
.vansville i'll four years. This thew
ever have done. They sold the lands 4
'hich they received from the State and !,
ynored tLeir obligations in all respects. Il
hen they shOw that they have COM .
lied III all respects with the terms ofII
ielr contract and come into this house :,
18th clean hands, it will then be time !
nough for the State to step In and in
cmnify them against their loss. Il is :,
rged that failure to provide for The u
aymcnt OF their bonds will be rcpudia-
on on the part OF tho State. This 1 ,
eny most emphaticaily. There can be =
reputation in the people refusing TO /
ay debt the second time. Twill vote !,
leerfully to pay any honest debt the
tate ever contracted. w ould not have :,
,e good name and fame of our State
Irnishcdby having this foul stigma writ
N IN our history. chez rish the glory
nd honor Of the State as part OF nv
lheritancc and hope to transmit her
ood name to postcrity as pure as il Is
,-day. followed her flag amid ihe