The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-02-03


He demanded division OF the question.
The first part was agreed to.
Mr.. CAMPBELL, of Hendricks: ] think
shorthand reporters are becoming so numer-
Gus that they can be had fer 50 day; and
the pay ought to be limited; If not limited
the Judge will allow 81.
The latter part of the amendment was also
agreed to, and the bill ordered engrossed for
the third reading.
S6OO,eOO LOAN.
The Lieutenant Governor announced the
special order tor O'Clock being Mr.. Magee's
bill s. 1861 TO provide for temporary loan
of 5000. 000-tbe question being on amend
msnts reported by the Finance Committee.
Mr.. FOWLER moved to amend the bill by
striking out the frat section after the enact
ing clause, which states the loan is made
necessary by appropriations made by this
General Assembly. No such contingency
has as yet arisen. No bills have yet passed
making extrodinary expenses, and until tina.
has been done l think provision of this
kind injudicious. There is already fund
that might be considered. There already a
fund which might be considered contin-
gent fund that is yielding some $50 600 or
$40, 600 year known IS the permanent en-
dowment fund of the State Universe
ty. The Legislature ought not TO pro.
vide for anything OF this kind unless
there is some demand made for it, and it
seems to me there is none yet. What sp-
preparation is it necessary to meet2 None
have yet occurred. Whenever apDropria.
tions are made by this General Assembly
that makes il necessary to pass bill of this
kind, it will be time enough to do 50. The
new amendment | propose is to strike out
the word temporary" l don't understand
the words temporary loan" should be in
troduced here. l don't understand all our
bonds are temporary bonds. II these bonds
are funded at all, there is no reason why the
permanent bonds should not be funded
well as the temporary bonds. 1t seems to
officers to fund any bonds when they csa
do so at lower rate of interest. | hope
these amendments will prevail.
Mr.. WILLARD: The Finance Committee
gave this bill thorough consideration and il
was reported back as q matter of absolute
necessity at this time. After this Legisls-
ture adjourns there can be no provision
made for meeting the expenses Of the State
until 1887. This Senate by almost unani-
nous vote less than q week ago passed bill
sppropriating S56s 600 for building three add
tlonal hospitals for the insane. Now We have
starring Us IN the face that five hundred and
over thousand dollars to provide tor. How
are you going to provide tor that? You have
got either to increase the levy, and thai
won't reach ii the first year, or you will have
to let the State officers provide for it by a
Treasury without money TO run the govern
ment until tue Legislature meets again. AS
to the second amendment--to strike out the
word temporsry-that evidently was pro
posed under q misapprehension. | doot
think any Senator could desire to reduce the
school fund loan, We don't want TO force
the State TO borrow monty, but we will have
to DO something to provide FOR the extra ordi-
nary expenses which we believe both
branches of this General Assembly are in
favor Of
Mr. MAGE: l supposed this question had
been go thoroughly discussed last week that
1t would not be necessary to go over the
same ground again. This is simply ues-
tion of business. We have a loan costing
Us per cent. INTEREST," amounting in round
numbers to 100000, known as te mpOraTy
loan. Under the provisions of that bill we
can refund that loan at al expense of 35s
per cent. Since l came to the Senate Cham
Der today ! received note from gentle
man who does not care to have bis name
mentioned, but man who can carry out
any proposition he makes, stating that il
this bill is amended so as to make the bonds
10 20 bonds, he will take the entire loan at
81 per cent. So there is no DOUBT but that
the State officers can make a contract for IS
per cent There WIS not dissenting voice
rs 10 the business sagscity of this bill. We
ought to have a lazy so that at any and all
times the State officers can refund debt If
IL can be done so as to save the peoples
money. Under this bill in the next two
years the State can save sic 600.
The Senator from Owen Mr.. Fowler says
the bill making the appropriation for the
three insane asylums has not yet become a
law. Grant all that; there would be no harm
in passing this bill because it is pruoen-
tial measure. One of the objections TO the
hospital asylum bill was that there was no
provision made for the money appropriated.
Now we have made provision for raising the
money and the Senator objects to it. All
the money required to carry on these build
iugs and to do any thing necessary for the
Safe will be en- hand with our increased
amount of taxation. We have an ex pense
Of $50, GOO TO rebuild the Women's Depart
ment of the insane asylum, which was dam
aged by fire the other day. Then there will
be an appropriation for Purdue University
covering several years: there will be an a.
preparation for the State University, on ac
count OF tire there; and the State will T..
quire more money than we can raise by lev
for the present year because the new assess
ment Will not be returned until 1886. We
will have about one hundred million of
tsxables. Toe Senator from Owen says that
only about 90 per cent. of the taxes are col
lected. think the Senator is mistaken.
Mr.. FOWLER: / get my information from
the Auditor of State.
Mr.. MAGEE: / know that is not Sob
as that officer is-as able as any officer who
ever occupied the position. There is not on >
county in the State but what pays more than
80 per cent; IS is about what we average.
The Auditor must be mistaken, il he say 3
that 10 per cent is not co .lected. don {
suppose there need De any further discussion
Of this question, therefore move TO lay the
amendment on the table.
Mr.. FOWLER: Oh, no, don't do that.
Mr.. MAGEE: l withdraw the motion,
with the understanding that / renew it.
Mr. FOWLER: ThaSenator calls in ques.
ton the statement of the Auditor of State
The Auditor is correct, as his books show.
Mr. MAGEE They say there Is q great
amount of bad bookkeeping about those
| Stste buildings. Laughter
Mr.. FOWLER: don't believe it.
Mr.. MAGEE: l don't either, and don't
believe there is 40 per cent. delinquent on
tax collections.
Mr.. FOWLER: I have known those men
for many years and don't believe there is
any bad bookkeeping there. But here is