The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-01-16


amend section 4,96S of the Revised Statutes OF
1881, concerning the General Assembly, the
business, committees and clerks-authorizins a
file clerk.
As the Senate had added an emergency clause,
MIR. Gibson moved to concur III the amendment.
Inc motion prevailed.
COMMITTEE REPORTS.
Mr.. Bryant, from the committee on county and
township business, reported back bill II 3. No.
1872, bill to amend section 243, it being sec
ton 2, 145 of the Revised Statutes, relating TO
swinging doors, with the recommendation
that the same do pass. Report was cOncurred
in.
Mr. Bryant, from tue committee on county
and township business, reported back bill H. b.
No. 10Y, bill for the relief of John Chey-
ney for money paid ont by him While school
trustee of the town of Columbia City, Ind, with
recommendation that the same do pass. Re-
port was concurred in.
Mr. Bryant. from the committee county
and township business, reported back bill, II. b.
No. %, d bill to enable the several counties Of
the State to sell and disposs of land for the BEN
EFT OF the school fund, with recommendation
that the same do pass. The report was concur
red in.
Mr.. Bryant, from the committee on county
and township business, reported back bill, H. B..
No. IS, DILL to legalize the loan OF school
funds of the several counties of this State, with
recommendation that the same be indefinitely
postponed Report was concurred IN.
MIR. Bryant, from the same committee, report
eo back bill, H. b. No. lib, bill to amend sec
tions l, 2 and of an act providing for the or
ganizaIion of county boards, etc, with recon-
Report was concurred in.
INTEREST ON SCHOOL FUNDS.
Mr. Bryant, from the committee county and
township business, reported back II b. No. 16,
an act regulating interest on school funds, wica
recommendation that the same DO pass.
MIR. Smith, on concnrring in the rapport, said
the ones tiOn was of too great importance to be
hurried through in so summary "a manner. This
effort to reduce the school fund interest to per
cent. per annum wrests at one swoOp one-fourth
OF the proceeds of the magnificent vested fund
of Indiana schools from the children of the
State. We here assert that every dollar of this
fund may be loaned at much higher rate than
per cent; abundant evidence is at hand to
prove this. By the last OF the week We VIII
have reports from all the counties in the
Senate giving full information, and for this rea-
son we desire the subject recOmmitted to the
committee for further reconsideration.
Mr.. Gordon said: l hope the gentlemen will
not insist cOncuTring in the report of the
committee. Time ought to be given TO members
to inform themselves as to the facts on this sub
ject. IT is one of the most important questions
that will be before the House. 1 have been re-
Gently Informed by the auditor of my county
that there are calls for the school funds AT the
present rate to take them out fast as they ara
paid in, and believe that when the facts are as
certaineu 1t will be found that largely more
than half of the counties will have no funds IN
loaned
Mr. levitt said: I hope the motion to recon-
init will be carried. And will say TO those gem
tlemen who desire the rate of interest the
school funds to be fixed at per cent. that am
of like opinion. But my belief that the rate OF
interest should be per cent. rests upon the I'M
Outstanding have up to this time had that
the fund cannot be loaned at a higher rare.
L do not concur i'll this position of the
gentlemen thai the rate of interest should be
governed by the necessities of the borrower. 1t
is our duty to so legisate as 10 make the school
fund most productive The State of Indiana
does not propose to enter into competition with
loan associations in the matter of cheap loans.
Its whole concern is to preserve and make pro-
ddctive the cOmmon-schOOl fund. If, therefore,
by recommitting the bill We can be placed IL
possession of information that will lead to the
conclusion that the money can be loaned at the
present rate or at Z per cent, am ready to
change my opinion, and have no doubt all Others
will. We should proceed with elaboration.
Mr. Cabbage insisted that per cent. interest
was enough to compel the people TO pay, and he
hoped the House would not hesitate to vote for
per cent.
Mr. Sterritt favored to recommit.
Mr. PettibOne opposed the motion TO refer the
bill back TO the committee. There is 81 8, 600 of
school fund lying idle in the treasury of his
county for the reason that It cannot be loaned ut
8 per cent, because abundance OF money can be
borrowed TO meet the wants of the people at &
per cent.
The bill and report was recOmmitted to the
committee on county and township business.
MIR. Bryant, from the committee on county
and township business, reported back b1ll II. B.
10, Oil TO amend sections and 9-belng
sections 1850 and 46S7 of the revised statues
of 1SS1-ot an an act concerning elections and
the contest thereof, with recommendation that
the same do pass. Report was concurred In.
Mr.. Bryant, from the committee on county and
township business, reported back bill II. B.
for school purposes, With recommendation that
the same be indefinitely postponed
On motion OF Mr.. Frazier the bill and report
was recommitted to the committee on judiciary
Mr.. Bryant, from the committee on county and
township business, reported back bill H. b.
81, bill to amend section ? OF an act provid-
ing for calling special sessions of boards of
county commissioners, with the recommends
ton that it be indefinitely postponed. Report
was eoncurred ill.,
Also Ii. b. No. 122, bill to amend section
% of an act 70" the relief OF the poor-being sec
ton 6,0S7 of the Revised Statutes OF 1881, with
the recommendation that the same he indef-
nitely postponed. Report WAS concurred in.
Also III. b. No. IS, bill tn amend section 5s
of the general city incorporation act, with tile
recommendation that the same be referred TO the
committee on cities and towns. Report was con
Cured in.
Also II. b. 81, bill concerning the reloca-
tion of county seats, with Recommendation
that the title be amended. The report was con
CURED in.
Mr.. Kester from the committee on agriculture
reported back II. b. No. 20, a bill TO amend sec
ton OF the act to encourage the destruction of
wolves and foxes, with a recommendation that
1t be indefinitely postponed. The report was CON
cured in.
Also Mr. Nave's bill, II. B. No So, in
relation TO trimming and cutting hedge fence
with recommendation that the same he indefl-
nltely postponed On motion of Mr.. Frazier the
report was laid on the table,
Also Mr.. HOller's bin, II. Il. No. 81 an-
rhor.zing hoards of county commissioners to
grant bvuntieS for the destruction of wppd-