The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-02-05

favor of the amendment OF the senator from
Jennings (Mr. SMITH aud will vote for IL
whenever an opportunity presents itself. Ny
reasons are. that this is q different trust from
the trust OF q guardian or an administrator.
We don't make the Treasurer OF State trus-
tee in this matter. When the new State
House is completed presume there will BE-
proper place provided for the Treasurer to keep
the II oney. Then the Treasurer will simply act
as an agent of the State and hold the money
for her use He will have no right > touch
the money other than TO dispense il upon
proper warrant drawn by the State Auditor
And II will be a great hardship for q man OF
ordinary means / care not what his rspu-
tstioL may De, TO make bo.d for million
OF collars IL will he big thing 10 get
twenty men worth $4,000 apiece as bonds
men. 1t Is dIticalt matter 10 tad twenty
men worth 500 600 eacn who are willing TO
risk their all upon another mans bond, and
think il will De very difficult matter for
treasurer TO procure bond o. 81, 600 000,
unless be is very nearly worth the amount
himself. We don't want TO exclude poor
man from such an office as the Treasurer OF
State, and l trust the amendment will pre-
vail.
al. SMITH, IL Jennings: This is q step
in the direction of special legislation, aud
that Is what the Democratic party mas al
wsys opposed. An honest man-a man in
needy circumstances-a man who may be
reasonable SUN, 10 forever eSt0ppsd from
btirg a candidate for the office OF Treasurer
OF State IL this bill becomes a law - is
The Senator from Lawrence Mr. Wiliardl
refers to the bold OF q guardian. That lie
Let IL POINT The trUst OF d guardian Or
miner children continues on ard o. until
the minor children come 10 their msjOIity,
from, perhaps, one year Of age. The Off CO
OF Treasurer Of State does not Continue
twenty years. It continues bat twj years
am in favor of Immediate action, but we
should take such senHble action "a the great
BODY OF the people of Indiana will approve.
Mr.. WEIR: | concur with the Senator
from Jennings Mr. SMITH. There is no oc
casion TO pass this bill as il came from the
House l care not whether the House passed
IL by 90 to 1, it is for this body TO act upon
lis OWE judgment il determining what legis-
lation is necessary. The first question,
when we come 20 consider matters OF legisla-
ton, should De this: Does the public inter
est demand the passage OF the bill? IL IL
does IL should be passed; if IL does rot, il
should not be passed. Because, apparently,
there has been little panic produced in the
other House by various fumors that have
gone cut about the State ITeasarer's office
We should rot make undue haste. When
Governor Porter IN his message rave out By
inuend0es II you please, that there Is some.
thing wong Ia the Treasurers Office, an in
vestieation wss prompted and but this
-
icli,y Ct thas committee, and ] say
believe the whole timing was
orieinsted and prompted By nothing
else in the weird but party capital,
so that something may ne mace out OF il
one my 81 tie other IL Is That which has
prod uced the panic, which feel justified to
term H. in the other House. This invesiiga-
ton has be en carried out and the committee
report that every single dollar of the peoples
money Is perfectly safe; but II the msan-
time the House has passed bill to require
! the state treasurer To give bond III the
sum OF Sl0OOOOO. IL ought 10 be entitled
IAN TO provide that no man who
IS not q millionaire shall ever Deco ne o
Treasurer of the State OF Indiana"
! Applause n other words If
Treasurer Of State shall De elected under this
bill, hoSever honest he may be OF from
whatever section of the State ne may cone,
he must be handed over to the mercies of
the hnan cieTs of the city of indianapolis.
don't believe there is any demand for this
legislation, and had not the Senator from
jennings offered his amendment I should
have proposed a reduction to $500, 600. The
Treasurer of the United States has charge OF
over S4O0, COO 000 aod ] think he gives
bond in the sum o. SO, 600 only, and why is
il that rational, sensible men-msn of ex-
perience and Judgment should De carried
of their feet under such circumstances as
surround this question in both Houses of the
Legislature? / am aware there may have
been violation Of the statute, but i under
take TO say no man can discharge the duties
Of Treasurer OF State without doing it.
Mr.. CAMPBELL, OF ST. Joseph: / am one
of those who believe that when the people
elects man State Treasurer and his friends
have become security for the money TO the
amount of 500. 000 that the people who
select him should assume whatever security
is needed beyond this amount. To give a
bond of 81 600 coo will, in my opinion make
vii he paII
arrange with moneyed men IN order to get
such bond, and that these moneyed men
or corporations will not only practically
control the disposition of the money, bat
largely dictate who shall be the Treasurer
condition neither equitable nor cafe,
hence / favor the amendment.
Mr.. SMITH OF Jennings withdrew all O.
his amendment except the portion to reduc'
the Treasurers bond from 100000 to
100000.
1t was agreed to by yeas 80, nays 10.
Mr.. CAMPBELL of Hendricks, explaining
his negative vote: l believe bond of half
million amply sufficient for all practical
purposes. feel, with the Senator from LIS.
| porte Mr.. Weir, that we should not be gov
eIBed by the action of the House OF Repre-
sentatives at all, but fearing this amend.
ment will kill the bill l shall vote no."
Mr.. WILLARD after the recess for din
| neI) moved for dispensation of the cou
passed 70 the final vote.
Mr.. MCCULLOUGH: am opposed to the
| motion st this time, not because / am not IL
| favor OF the bill as far as il goes, but think
II ought 10 be postponed till to. morrow, TO-
this is one of those matters which, in my
! judgment, leeds cecil and care nj deliber-
alton as 10 what the law is now, and what
| tie effect OF this bill will be. ] think there
is an undue scare about haste in this
! csse, for il there is anything the
| Supreme Court has decided il is that the
Legislature may increase or diminish the
/ bond of an officer at any time. / think the
most dangerous thing in reference to tn
State Treasury Is the condition in which the
! law is. II is doubtful whether his bonds
| men would be liable If loss of funds should