The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-02-06
THURSDAY. Feb. 5. 1852 p. m.

Legislative Reports
IN SENATE.
THURSDAY, Feb. 5, 1852 p. u.
The STATE TREASURY.
The Senate proceeded 10 consider the
.,scial order, being the consideration of the
-.ioritv AID minority reports of the Joint
c.,,n,ittee 10 Inquire es 10 whether an in
~..,,ratiou OF the State Treasury is necessary
Al this time.
NJ, Lindley moved TO substlsuts the mi
,oritv Tor the majority report, and that the
minority report be adopted
Mr. MCCULLOUGH: It has been assumed
,.or, the time this question arose with ref
.-sucs 10 the Treasurer of State that the
aa,rte prohibited him from losuing the
s.ste funds to banks or to persons. and that
y ba does loan them and rsesives interest
tbereon, the interest is the property OF the
s,ste. In my Judgment that is what
,rompted the attempted Investigations
,uit TO show that the State Treasurer had
,rabsbly received interest on the States
money, and then go to the people with the
e-v that the interest belongs to the State.
wish 70 call attention to the Law on the sub
;set TReads Every true gentleman as
a mes What Governor Porter has stated IS
let IA his message. that for years tie State
T,sssurers have received interest on public
moneys; they assume that the men VINO
n,ve held that high and resp ,nsiols DO
,aion are feions. aud ought to be
,l,ced in 8 felon's cell. Suppose it is the
Law that they should account for this inter.
30 10 n
islsture has time and again recognized the
fact that the State freasurers have been get.
tlre interest en- the States moneys and not
accounting for said interest to the State
Treasury, and IL never occurred TO anybody
10 make fuss about it until Governor
tea; he'd the { flee for four years was retir.
ing sud turning over the office to another of
different political faith. take the posi-
tier that the interest on these funds is not
tie States. You can't place money IN the
bands OF an officer and say TO him, "You
TIA pay me back every dollar" and ar the
sane time say to him. You shall paw back
every dime of interest you receive on il +"
II you charge him with the interest he re-
ce:ses upon 1t you have got to make him
yorr scent. and stand any loss by FIRE b1rg-
lazy or other casualty. By no. Civ
ing him any secure place to keep
X Safe faDds, and by allo wing
10 only The pitiiuI salary of s. 600 = year
sIm that no insurance company would in-
spre the oney for-the Legislature has rec
oenize1 that the interest the State Treasurer
gets from the State funds Is hisown, and that
iscf, IN my judgment, would be rccogniz 81
BY the Supreme Court, il the officer whose
duty il Is were TO sue the Treasurer and
htgate with him for ten years to como.
Tie Safe of Indiana does not want 10 loan
her money. The State wants the pricipal os
Ter Money, and she wants every dime of it.
The majority OF the committee recommend
that The law shall be so amended AS to leave
10 quest on about it--thatthe Treasurer aud
fs bon0smen are absolute insurer. of the
money.
Mr. SMITH. OF Jennings. For thirty years
prior TO the time Governor ,rtsr deli gec red
bis massage to this GeheI4i Assembly no
suspicion was ever breathed sGeinst Treas.
urer OF the State-the fair name and fame of
Indiaua for financial honesty and integ-
rity stood out as bright as the MONDAY sun,
ard there was 10 State in the Union that
would vie with her in showing q better
npui alton for the character and conduct OF
her State officers, be they Democrats or Re-
pnblicans. But as a Governor of Indiana
Who gained his ascendency through the
erandest political scheme of fraud and cor
ruption in the hands of Stephen w. Dorsey,
that this world or q civilized nation ever
experienced, he pronounced to the people
by innuendo that there was something wrong
IN the Treasurer's Office. His message on
that question is simply a grand piece of
political cemagogy. A Republican State
treasurer came into Office at the same time
he did, and that Republican Treasurer re-
named n Office until the result procured by
Dorsey Was overthrown in 1882. In 1888
Governor Porter delivered q message to the
General Assembly, in which he said not q
single word concerning the insecurity of the
~ PM he las
On The statute book then In force? Was 1t
Iss his duty to investigate into the condition
q TIE vaults and safes of the Office of Treas.
Uler CT State prior to 1882? But he made
no such investigation. He came before the
otnersl Assembly then with ca outgoing
Republican Treasurer, but made no infims-
ton that there was any difficulty in the
Treasury Department with reference to fbs
losning of money. And why? Because ne
cesirsd to protect Republican Treasurer
WHO had been loaning the public funds the
zane as he charged John j. Cooper has been
Gaming them. II is political demagogy
iof The purpose of making political capital,
Which has come to an unsuccessful termina-
uon by the report OF the majority of this
Committee. The minority report says that
s6,ooo was deposited by the Treasurer of
State within two days prior to the examina-
uon. That is true; but why state it as OBJ.
lsctionable? These deposits are changing
81 the time. They are special deposits.
Nnen a draft is made on one and part
nksn out, new deposit is made for the
balance and the old deposit is taken up:
and that is the reason some of these de-
posits bear q recent date. Why didn't the
minority report state the whole facts? This
minority report ought to be voted down in
osersce for the unfruthfulness it contains.
NJ. WINTER: l have listened with great
Issence TO the speeches by the Senator from
oiosen and the Senator from Jennings
oounty, and with disappointment. and do
no' Affect anything when 1 say that there
Las been, in my judgment an utter failure
MAKE any answer whatever to the grave
eoarsss they are called upon TO face. This
sss question which rises above politics. II
saquestion as to whether Senators here by
.le votes Trey will give On rhese reports are
Wiling rot only to put themselves in the
a'1tude In which the Senator from Gibson
~ys iOrmer legislatures have been occupy
ss ior many years, 80 conniving ct viola.
uons OF the statute, but whether they will
lot themselves in the attitude of active