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Indianapolis Indiana Journal (Newspaper) - December 9, 1837, Indianapolis, Indiana Vol. , saturday december 9, 1837. Fuji shed by Douglass amp i Vejl. Terjvls.�?50 per unum for 52 numbers�?$3 of at 6 Nikont list a the Vai ume. No paper will be discontinued unless at Ihu option of the publishers until arrearage Are paid. space occupied by 250 Ems Shau be counted a Square nothing coun Ted less than r Square All Ovir a Square and a Square and a half shall be counted a Square and a half. One Dollar per Square shall be charged for the first three or any less number of insertions and Twenty five cents for each additional a advertisements published by the Quarter , wiil be charged $3&Quot pet sati Are for three months $6 for six months or 10 per Ann druggists and others a by the year iii charged for two square8,--3i4 for free 8quare9,0 for a Quarter of a column of us a bios $25-, for a half of a column $35 for foal he of n column $50 for it a column $60 per Ai Sun a. Ail eduction of 20 pm cent til Bdl Jade on advertisements longer than a Quarter of a column when inserted by the half year or year Zaninot altered All advertise Evita authorized by statute must be paid for invariably in Advance. Advertisements coming from abroad must be accompanied with the Cash unless ordered for publication by a. Brother publisher. The postage must be paid on All letters to the publishers or they will not be taken out of the poet face. Amount due individual depositors 31st october 1837, 228, 27 decrease of debt due in ,. Div dual depositor hindu it die to Oil a Banks on the i3th. May1837, a ,. .155,.598 86. Amount due to Erv it Banks _ october 1837, i a 69,725 18 decrease of debt due to other Banks v amount of dividends paid the state., and her il4,991 87 80,873irvmaiva Jour Ali. Tuesday december 5, 1837. The circuit court of the United states the first a Vicli has Ever been held in the state commenced session on yesterday morning. Judges Mclean and Holman present. We understand there Are number of cases on the docket. \ the commencement of the general Assembly to Geilier with the sessions of the circuit court of the United states and the supreme court of the state has attracted a Large number of visitors to the the present crowded state of our Public houses suggests the propriety and the necessity of erecting another Large Public House equal to the splendid one now kept by or. Browning. We Hope preliminary Steps will be speedily taken to remedy the deficiency which the crowded state of our Public houses renders obvious. Statement of the condition of the state Bank of Indiana mans and Linthi tics �1st october 1837. Notes discounted Bills of Exchange Means. $2,976,879 10 390,388 31 banking houses and furniture due from other Banks Branch balances Cash on hand specie 1,048,714 72 notes of other Banks 201,000 00 remittances and other Cash items 188,602 41 is 3,367,267 41 97,854 93 589,372 52 20,341 55 1,438,317 13 the state on Bonds for capital Stock and due thereon on 1st Jan. 1838, 124,875 00 Nett profit to the state on her Stock 159,100 49 amount of school fund being profits to the state 6,400 00 total profit to the state from november 10, 1834, to october 3i, 1837, 165,500 49 amount of aggregate profits of the six months immediately preceding the suspension to 30th a. 1837, 182,982 4.3 aggregate profits of the six months following the Susi pension 154,719 20 liabilities. Ziotes in circulation $2,205,810 due to individual depo sitors 328,159 27 treasurer of the United states 619,327 75 treasurer of the United states for interest on Public depo Sites 20,283 75 tension agent 7,475 21 Cumberland Road amp a. 6,395 28 sinking fund 15,2.50 84 other Banks 69,725 18 school fund 6,400 00 $5,513,153 54 3,278,827 28 excess of Means Over liabilities exclusive of capital Stock and profits 234,326 26 liabilities to Stock holders. Due state for capital Stock $865,000 individuals 982,125 surplus fund after de ducting interest to u. S. $20,283 75 292,143 92 late dividend $90,050 9. 5,0. 37 34 -�?$2,234,326 26 former up d,5,007 34 the Fol forcing stat amp ment shows the comparative condition of the Bank on the Isth May 1837, the close of the week previous to the suspension of specie payment by the Bank and 31si october 1837. Amount notes discounted on the 13th May $3,033,386 Bills of Exchange 1,175,559 amount notes discounted 31st oct., 1837, 2,976,879 Bills of Exchange a 390,388 being a reduction of discounted notes and Bills from 13th May to 31st oct 1837, of amount of Bank notes in circulation on the 13th May 1837, 2,514,780 amount of Bank notes in circulation on the 31st october 1837, 2,205,810 4,203,945 3,.367,267 841,678 \ decrease of circulation from 13th May to 31st october 1837, amount of specie in the vaults on the 13th May 18 7, 1,186,194 43 amount of specie in the volts on the 31st october 1837, 1,113,710 44 decrease of specie from 13th May 1837, to 31st october 1837, occasioned by payments to u. States and issues to citizens for change a moist due treasurer of the United states 13th May 1837, 1,338,197 87 amount due treasurer of the United states 31st october 1837 619,327 75 being a reduction of debt due the United states of amount due a individual depositors 13th Mav 1837, 308,970 72,177 99 718,870 12 443,1 decrease of j profits the last six months 28,263 28 recapitulation. Means of tie Bank after meeting All responsibilities to the Public Are 2,234,320 2 Nett profits after payment of capital Stock and All other Lia Bilies Are 387,201 76 reduction of discounts from 13th May to 31st october 1837, 841,078 00 reduction of circulation in same period 308,970 reduction of debt due treasurer of the United states october 1837, 718,870 12 reduction of debt due individual depositors october 1837, 114,99187 reduction of debt due to other Banks 85,873 68 a Xio to afcan of. Lealh Liticea since suspension of specie payment 1,228,705 67 total amount of discounts on the 31st oct., 1837, a 3,367,207 41 total amount of notes in circulation 31st oct., 1847, 2,205,810 00 amount due the Bank for Loans after the deduction of All no Tes in circulation n. B. Reduction of debt due the u. S. Since the 31st oct. Up to the present Date 27th nov. 1837, increase of specie during same period the above statement exhibits the condition of the Bank on 31st oct., 1837, As affected by the division of profits to that Date declared nov. 23, 1837. $1,101,457 41 $81,000 65,000 James Jet. Ray Casuco. State Bank of Indiana Indianapolis november 27, 1837. Sooner dior s a is Sabre. Gentlemen of the Senate and of the House of representatives. With the return of the period of our annual meeting to Confer on matters of Public interest we find ourselves under renewed and increased obligations to oui Quot creator for the unusual measure of health we have enjoyed throughout the seasons of the year now at close. Whilst we Render our grateful acknowledgements for this exemption from his chastening hand on indebtedness is increased by the sgt Ecial dispensations of his favor in the j profusion of our harvests. Though it is with some abatement the sual indications of the of our citizens May be observed in the compensation receiver for the products of the soil in the Reward Given for labor ail in the returns realized from All our enter prize and Active pursuits and when we compare our condition with that of the less favored portions of the Union we have reason to be co intent with our individual lots and to congratulate ourselves upon the evident Prosperity of the state. Although the returns of tie assessments to auditor s office Are incomplete the amount f the taxable property Lor this year a nay be est in 1.10 1 i ninety get millions of dollars being about Twenty millions More than the aggregate assess tents of the revious ear. The Revenue Derivable from Itiat sum at the rate e 3tablished by Law will Rej Bienish the Treasury extinguish the remnant of unsatisfied claims Union it of the last and meet the dem kinds upon it the current year. The reports due from the auditor and treasurer will exhibit a detailed View of the Rei a and expenditures of the current year. I thought it my duty on a former occasion to direct the attention of the legislature to tiie Domici envies in ithe Quantity of land returned from it any of tie counties compared with the returns of tie preceding year and to advise the application of the a acc usary remedy. Since that thine they have Boon multiplying and errors Arfi so Manifest in the last reports As to show a deficit of from two to Oliree Hundred thousand acres. In looking for a cause of these imperfections is justly Ascribable to the Mode of Asse Smer pfc and the appointment of unfaithful assessors who perform their duty negligently without having the tract Book to direct them. The Only elective remedy is to fou Jid in the appointment of one assessor for each county in requiring him to assess from the tract Book and in the institution of a suit on his oficial Bond for omissions of duty. The operations upon the several lines of Otto pub works have been As Active and spirited As a prudent Economy with reference to the magnitude of the expend Tiu co would allow. The navigation of the Wabash and Erie can i. During the past season has been extended As far tas Peru. The line is now finished to Logansport the water has been introduced and the. is prevented Only by the season. With the opening of the Spring May be Navi led from that Point to Quot distance of seventy six Miles. Bet be a and Lafayette the advances of the Var f Pec tation of the commissioner., be Able to say that the state of of her portion of the it Vork in a Joi amps Assurance of her est possible time. The whole line it a try has been placed Der contiaicti4n i a usual time for their completion Zed to expect that ivi thin two 4. Canal boats May pass fro Jii the the attention and solicitude of the state. The work on the Vonte water canal has been prosecuted with Energy and. The contracts Are so far advanced As to justify the belief that the navigation from Brookville to Lawrence Burgh May be commenced by the beginning of the next autumn. The contracts entered into at the lettings of the last year upon the canals at Terry haute Evansville and Indianapolis have been carried on with commendable activity and the work at these Points is such As to Render it acceptable to the commissioner and satisfactory to the Public. A corps of Engin ors has been engaged the past Spring and summer in determining the probable location and Cost of Trio canal to connect the Wabash line with Lake Michigan. Titis route is understood Tubo very favourable for the construction of a canal. The examinations have been extended to the Illinois line and sufficient information has been collected when taken in connexion with the surveys made by that state to show that this work May readily and cheaply be extended so As to inter scat the Mic Itigan and Illinois canal. In that Way Eracli Starov Ould be by the Mutual trans or Tationa of a a Ucli larger amount of Ini ports and exp Orts to iii belongs to their respective . The grading and bridging on the indigo and Lafayette ii ail Road from to Vernon been vigorously prosecuted. It is so far i i Ance l As to create the exec tuition that tie track on Titis Iron Tiomi of tie line May Belaid Dowie tiie ensuing Suizu incr and Liat locomotive engines Villi Timeir trains May Coli Menic running if thought exp it Edingt by tic next meeting Oft lie legislature. The new Albany and Vincennes Road Nan also made favo Rabb in Ogress. The grading and bridging on forty one Miles commencing at the Olio River May be finished and prepare Ltd fur the Metal Early in the ensuing Spring. Tiie preliminary examinations with a View to final location have been made West of Paoli the terminating Point of the division now under construction. Upon thai portion of the new Albany and crap Fordsville Road extending from the former place to jail Sonville the amount of work performed is equal to that required by the commit is incr and Engineer and tie grading on this division is nearly completed. This part of the Road has been graded on such a scale As to answer equally for a rail or Mcadam Zed Road. It has been a source of regret and is deeply lamented by All we Mohave been engaged in interests that the examining engineers live so iii Dif Perod in their views and opinions relative to the character of . Aur to prevent a deter Nii nation on the part of the Board. It is confidently believed however Itiat the further information now sought will warrant a decision at present meeting and Lienthe character of the work is determined no doubt such additional letting will be made As will compensate for the delay. At the close of the last session an impression went abroad creating the expectation that additional work would be placed under contract during the present Vear. The propriety of a compliance with the prevailing impressionist Ponseti fences and influence upon the Cost of the work wore discussed at a special Nieset ing of the Board. Their deliberations resulted in the postponement of further lettings to a period when the state could Avail herself of any beneficial change that might take place in the Price of Hilbor provisions and other items of expense that enter into the Cost of construction. I have thus Given a condensed review of some of the leading operations on the lines of the Public works. A minute and detailed report on the whole subject will be Laid before 3 0u by the Rojer officers in ample time for your deliberations. From that j of will perceive that they have discharged their duties with characteristic Quot Fidelity and Zeal. In the experience and events of the year Noti info has been witnessed of a character to discourage the Progress or the ultimate to maces of the system. On the contrary we see a Nodi to our convictions of the Wisdom of tiie policy and to inspire us with increased Confidence in the ability of the , with Wise and provident legislation to a com the whole under Tailung. Tiie expenditure of a curly one and a. Half million of dolt is this year in add ii iii to a it revious , Fias a de us from the evils resulting from the prostration of rices in other portions of the country. Labor with lie fruits of the soil to Sun a Ort it is More abundant the credit of the state and her acknowledged resources to sustain it Aii Ards her an ainu de command of funds and at Home we have renewed assurances of the settled determination of the people to uphold it without Winch no system of policy can Long prevail. At the Date of the comic Cement of the Enterprise our state and Citi ens v. Cre in the enjoyment of unprecedented Prosperity. The then condition of things was made thu basis of our future calculations. Since then external causes have cast a Shade Over the auspicious j Rospoch and taught us with an impressive Force the duty of so Sii aping our policy As to be prepared for every vicissitude that May befall us. Looking then wit a Calm foresight to the future in reference to our policy Atid the ii aficial condition of the state we cannot but of Servo that a period will arrive when the Means of pay ing the interest on our increased expenditures will unless derived in some degree from the incomes of the Public works multiply the Public hurtle is. A foreign War or any disturbing cause affecting the Prosi Crity of nations and communities May at such a crisis by preventing the acquit Siti Iju of additional Loans arrest the a a Rog Ross of our into Quot ments. We should alien be Bur thened with Tui interest on a the invested cantal whilst tie stationary and unproductive situation of the works would f f Eclede our realizing any return from them. Sotnik i it policy would therefore dictate the expediency of so directing their prosecution As will have a tendency to Render some of them soon available it the production of Revenue. The great disparity in the length of the lines in their Reh Tive Cost and the time requisite to finish them indicate the evident i policy of their simultaneous completion. The comparative shortness of some of them and their forwardness would justify us in making increased appropriations with a View of finishing Pluim As soon As practicable. This can and should be done without discontinuing expenditures elsewhere or disregarding expectations that a have been created or violating that spirit of Good Faith and Compromise which led to the adoption of the system. Poniti Ishing the works air question we should then be Able to give an exclusive application of All on effective Means and Force to the remainder. In addition to these Manifest advantages an adoption of the suggested opinion would commend itself to the sober judgment of the , and establish on a firmer basis the policy to which the state is pledged. It would likewise tend to strengthen Conil Denlein her resources and thus give additional Security and value to her stocks. Whatever May be the policy resolved on it should b pursued with a strict reference to the ability of the Teand her citizens to sustain it Avit Hout Embarrass-1 the one or imposing severe and inordinate burdens 0 the other. If vye find it impracticable or inexpedient t accomplish the task we have assumed within the Al 1 to fed period let us give ourselves additional time. A Haifa e. Designed doing in one year be May do in thus by dividing and lessening the Burden Sre Ost we will in the end secure All the predicted of the policy without having recourse to of i passive taxation Ehe Pom Page proposed by this state to Illinois in to Ion to the improvement of the navigation of the River has been accepted by the reciprocal a of that state. Soon after tie terms were joint commis Jaon was established by the late Nepf a kiember Froid tie Board of Public Cli Stati entered upon inn Cir it Al Bostro Jit the grand Delft kids Examina pins and ates were made for that Point and it is Beli Ved. Dam from ten to eleven feet in height at the foot of he rapids will Render that difficult it Art of the Strun subservient to Commerce. Cin tracts were ii sacred into on tiie22d of last month for furnishing Stille for tiie construction of a dam and lock. Lay before you the joint Resolution of the Legisla of Illinois transmitted by the governor for your ration. He commissioner of the Michigan Road has per Foj ined service required by the act of the last ses is in in the selection lie has made of the remainder of Road lands. He has also a a error Nice tie further duties enjoined by advertising and Selling Thel rants selected. The proceeds of the Public Sale entries since made amount to $8781 70 an i have been Dis used of As the Law directs. His pr4 be Dongs will be reported in a Roj or time. Several conspired in it re voting the Survey of that a a Art of the Road Norl ii of the seat of government until summer months had elapsed. The duty was a i Nied to or. Admins an Engineer of acknowledged a Nalipi actions whose report though late be in seas Unfer a Correct understanding of the subject. Ill t c absence of the inform ratio t l c obtained by Tui Survey i a i in to fission of no data by which opinion As to the character of the Imp Rove desirable to Dace the Road in that state of i -.ir, which the necessities of Tiu and the p of iry of the state require. Tassi Uii As it Lois Llou fishing country from Oie extremity of the state to another and accommodating a Gra Alei Atno unt of travel than any other it p, huns and i beg leave to earnestly urge them ii Jan our consideration. I o futher application has been made by the Eail Foad company for the Bonds of the Staic authorised to be issued by the treasurer of stir the Lor will any be made until the $221,000 already Cali de shall be exp ended by the company. Maui informed by a from an Oil incr of ii company that the sensible change in the general a of pity of tie count has so much embarks be the Progress of the work As to Render comple Tina doubtful within the time specified by the charter. Uliey will submit a proposition to the legislature Ollie ing to exp mid .>100,000, inclusive of the wok now done to return tie remaining $123,000, Alijio Sii Render the charter to the state on condition thas Civ ill undertake to Complete the Road at some future period. Quot Quot at work Woald furnish facilities to the Trade of a Ulato Ami highly Prodi Schve portion of the ind one that contributes largely to the supp d i Oft Ufi a Blic Burthen. The proposition evinces it the Grido liberality and Public spirit highly creditable Tojie stockholders. Of or dividend of the Tiree per cent derived from tic Ste of the Public lands the put resent year the sum of a 574.0,00 has been received by the treasurer and a Vid by him towards the various unsatisfied de invalid a upon it. From the rep it of that Olicer you i i a receive that the from first to la Tokhli Alfund for the Benefit of Roatis Livors and to Hep veral countie.�, amount to .$574,148 50, and Tut the entire i receipts including a he present year air but to $433,100. The incidental expenses of Dis busing the whole fund to tie i tvs edit time Aino unt �to54,7� 41, Leavis in i ,78l to to obtained fran future receipts to satisfy the excess of Ai in Opria Titis. According to the received from the com Mission i in charge of that Branch of the Public in Tei it tie receipts at the Treigi Simiry from tie Saline aids amount to ,$3,3ti0 25. Alt Tough there is no provent delinquency demanding your interposition i Avail myself of this occasion to Call your attention to the imperfect state of the Kiev Wir i regard to the prosecution of the i Las of the state. 1 conceive it to be de Active in essential particulars in not auth Siig the Oili cers in cases of defaulting agents and debtors to order the institution of the a Roj for suit and fir that purpose to hand Over tie Bonds Antl records on file in heir respective de a it Artie i to the j att ornies and in not rep it ii ring of the latter except in avow specified cases �111 Piro caution of Itier than the criminal pleas. In Vesp cts it would to expedient so to alter the Law As to Ninalu it conform to those contingencies to which ii pin uric ave sometimes liable. The treasurer of state has received oni the Secretary f the Treasury of the United states the first Turco in Tali cats of the surplus Revenue awarded to Liis state by the act of of june 1830, the surplus with the states. Of first two instill Nientsu amounting to $573,502 96. The sum of $507,120 16 has been handed Over to the county agents on the scale of distribution by Law. The balance of the two instalments amounting to 80, not being for by the agents agreeably to the terms of tie act of the legislature has been loaned by the treasurer at the rate of interest Exa Teja for the College fund. The third instalment of $280,751 48 he i been de of sind Vith the Commissio be of the sinking fund As contemplated by Law. The fourth instalment of i.28 ,751 48, due the first of october has been withheld Ami postponed until january1830. The failure to pay it Over according p the stipulation of the act of , will be injurious to the interests of the state. An i vestment of that instalment in the Stock a ii ind by the Law of the last Sessi Ilon would have yielded Ari interest of not than $25,000 per year which a it Art by Law towards the extinguish ment of interest on our internal Imja movement lans. It will therefore Devon e on you to make provision for a sum equal to the expected interest to Supply the deficit. The annual rep Ort of the Oili cers of the state Hank required by a provision of their charter will filly exhibit the of that institution and Branch the Dii ordered condition of the monies affairs of the country so sensibly Felt in the East during tiie last Spring induced the Banks of the Cit a of new York in May last to resort As a measure of prec Riu tion to a temporary pension of specie payments. That stews followed by a general and almost Niimd Vaneous throughout the. Union. Tik intelligence arrived at the seat of government during the session of the state Board after giving that anxious deliberation due to the magnitude of the interests involved they determined Tore commend an immediate suspension to the branches. Tiie hitter w Ere in a , shown by the exhibit of their resources and liabilities made at tie time. They had however in their posses Sion More Tala a and lion of do Lars in notes and credits on the suspend if Banks. Under a continued Rede Phon of to Weir paper amidst the Universal us Pieu Don of Banks would have led unavoidably to an almost entire Ai traction of the our circulating medium. The fatal Teoff a Platler would have been sce., be t a a merely in crippling and prostrating the Bank but in the severe and lasting injuries residing to the state. The members of the state Board would therefore have been faithless to their Trust if they had neglected to adopt Meas ure3 designed to prevent the capital which the state had furnished for the Benefit of her citizens from being withdrawn to Sun ply it he vaults of foreign Banks the doors of which were clo Sev a against every similar demand we might make upon them. The establishment of the state Bank of Indiana was rather a matter of necessity than Choice and that necessity grew out of the discontinuance of the late National Bank. The late chief magistrate having determined to refuse to that institution a renewal of her charter zealously recommended the state Banks a possessed of the ability to Fui Nish a More sound and uniform currency. A a App local Banks Witzl dial of the papa a la of Tiris evident that the local ants Widd sup july place. We were therefore under the obligation to furnish our citizens vivit i a substitute to place them on an equal footing with those of other stares and to avoid the of Sun plying our deficient circulation by the paper of Banks of Wlinich we could know but Little. With these facts find views before them with the general consent of All , and the marked approbation of people the state Bank with branches was established by the legislature. In order More effectually to identify it wit i the Public interest and Elf ire. The state became the owner of half the Stock reserved to herself a pie supervisory Powers Over it and retained the right of selecting some of the More important of Oili cers. To pay Lier half of the Stock and to furnish individuals with a Ari of the Means of paying this in subscriptions in specie to a state borrowed in All the sum of .1,090,000, at five j or cent Twenty to thirty years. She receive average interest of nine per cent leaving a Clear annual profit of fwd Jfe of which is again loaned out at nine i or cent. A tic principle of . Long before the expiration of her charter there will remain in tiie hand Quot of the of the sinking fund after the extinction of the yearly t on the Bank loan a sum sufficient to Jay oif the entire a it Riu Cip Al leaving the whole of the Stock of the state As our p profits. In accordance with a ii of the Charier this is to be used As a fund for the Sun port of free schools. Our Hank is therefore i Liat rally a state institution closely identified with the interests of tie state and her citizens and As Long ass c Contini to discharge her legitimate duties Vii the Lidei Ity and Success so honorable characteristic of her Jast will retain the undivided sup or Quot and merited Confidence of the people. The of sustaining Tho sound banking institutions if the slates i. Up irent and generally and to it Rcd. The i Ssp-.? of specie worked a forfeiture of the a car tors olt e i Ank i in several of the states. Tiie Legislatures on being convened to advise with regard to the subject have uniformly adj Ted a no Yective or acl Nenis. In Many -, As i i our own the Legislatures have not deemed it proper to Annex the penalty of forfeiture to a Susie Sion of payment. Our Banks Are made liable for twelve per cent. W in they fail to redeem their notes and May be Wilu drawn and wound up at the discretion of the state Board. The Wisdom of not exacting a forfeiture is now fully attested. It has enabled our Banks quietly and to discharge their accustomed duties and to Aid in warding Oil from our trading agricultural and manufacturing interests the threatened disasters of the crisis. In the state lipid reserved to herself the auth qty to resume the i Garter on such a contingency and had with a rigid ind in lexis e regard to incr rights exerted it the step would have sapped the Fujiu nations of our credit and inflicted a blog. On our interests which would have required years of uninterrupted Prosperity to repair. On viewing tie amount of interest the state possess in the Suic of the Bank the nature of the objects establish Lucent was designed to Subserve the beneficial iii fluence it has exerted on every Branch of , and the immense gain that will ultimately accrue to Tiu Peowie you will find within the Range of your duties no subject More wort ii of your attention. The sat to of the Bank is found in the Jiru Dent management of her ample Means and secured by the personal of her directors and stockholders. Her charter derived from the state is not susceptible of alteration any More than a written contract Between two individuals which until altered by their Mutual Agi Cement is their Mutual obligation. The granted Powers like All can United to human hands Are liable to abuse and the state possessing a Large share of the Stock it is alike your right and duty As the chosen guardians of the a it Public interests to exercise a rigid and watchful scrutiny Over affairs. If they live been rightfully and faithfully conducted the Confidence of tie legislature ought to be freely awarded. If however the restraints of the charter have been disregarded or if the delicate Trust with which you have invested her has been abused for unworthy pure roses the offending Forcer should be dismissed and held amenable to the Laws of the coun try. Notwithstanding the discouragements presented h y the aspect of the Money Market at the opening of the Spring the neg ovations of our fund resulted in the Success hitherto attending them. Without resorting to the discretion Given them by tiie , As to the Sale of six per cent., Bonds All tie funds necessary for our , have by men procured at five per cent interest besides a handsome pret cum More Titan the fide of Tui to Ritts the whole sum borrowed amounts to two million and thirty thousand dollars of which $430,000 were at Par and upon the Rema Knitig one million six Hundred thousand dollars a pre Hiiri of two and three per cent was rec need in along thirty f or . By Titis fortunate our fund commissioners from $31 k000 to $350,-000 to the Stato come iring their sic Cess with the sales made of the Bonds of Oiler , Bear inc an interest of six cent a difference Liat is Quot not disparaging to others it Faithf Tilly rail acts the Higi character of the state in the estimation of the Public. The annual differ Tico Between 5 Aivil a cent in the pa3 ment of interest on our Loans will be ten thousand dollars for every million of our debt. The funds obtained by these negotiations Are safely deposited in new York at the same interest we pay. By an arrant eme get made with our Banks the funds needed on the lines Are advanced and solely by the Agency and through the responsibility of tie ban is and in return Lioy receive at stated a period checks on the East for the monies thus Sun died. By these Means the Public Money re Mains at interest until it is paid out and the state avoids tiie Hazard and Cost of ail disbursing it. The Sigi Ial and i expected succe.3s of our fund , at a p period so inauspicious is an Evi Dunca of their fitness and capacity for the of tie arduous Trust committed to them and entire them to the continued Confidence of the legislature and the peopl.�. I Sli Ould be remiss Iti my duty Tov Ards these meritorious officers were i Noi to Avail my self of the present occasion to their just claims to a More Liberal com Pensari ii. Itiat Al owed them by Law will not justify to Iem in leaving their families and business and i beg it to your favourable consideration to die subjects. The furniture directed to be procured for the Sove Ltd ral apartments of the Cainton has been furnish red a the treasurer the is Zuaro has beat i graded and invented wit i and Oiler Trees and so rubber two rooms lax o been neatly prepared Underill Ltd Section of the Secretary of state and a Wop h the Law directs to tie Indiana Law Library and Library of state. The latter has received As valuable an addition of approved and Standard works As the annual appropriation could command. The is the opportune Iri shill Nave of appealing to you in behalf of the state College at Bloomington and i cannot without disregarding the suggestions of duty pass it by in Simein Cefi Hub Quot Sta Ridard of proficiency required from the dates for Hohorst a wholesome disc line is Emor ced and every Eibrt is made by the faculty to ensure the promised objects of establish Lucent. They Harlif succeeded thus far in advancing with the of our growth and resources. Tiie wants of the a now demand a broader diffusion of the lights of science and of the principles of and , and deeming this a propitious time for carrying i qty elect the provision of the Constitution of Indiana go to of a state Oiiver Hien Dation that you a Jill bes few of the ii Tutics foil the Tea tot that Dilt tin Tiou aha tithe , the appointment of state geologist creat by it air late Law As tendered to David Dale on of our state. After fulfilling ?6edeiil ment with the geologist of Tennessee w Nir it. Tho regions of Oliai state a copied it and entered on the discharge of his duties. His first and preliminary object was to ascertain wharf geological formations exist in the state and to determine and Trace their boundaries. With that View he passed through i leading subdivisions. In tie course of his examination he discovered Numerosi seams of Coal Limestone Marble Sand Stone Alum slate free Stone water Lime peat Moss and abundant do posits of every variety of Iron Ore. The indications of latter Are such As to warrant the assertion that it exists in Quantity and Richness equal to. Payable in from be supp Jay of stir wants. In some situations and yes on this sum an within a Small of ground the oar Cotta Limestone and Sand Stone arc found with sufficient water Ower and Timber All of Whill Are in converting an l reducing that valuable Mineral to useful j purposes. Although tie Survey Oving to Roj cent commencement has necessarily been confined to a general of the geological Structure and re i sources of the state yet the results attest importance and will authorize More detailed and systematic researches. The report is one of some labor and will require Corres bonding time for submission. By a so enactment of the legislature the re i vision and amendment of our statute Laws so much needed was committed to the judges of the supreme it i it. The vacancy on that Bench occasioned a a to la a lamented death of judge Mckinney was not filled until the june session of the court. So great an a Mouy it of additional duty was thereby imposed on the remaining incumbents that although some pro Gross has been made they have not be a Coli i elude the labor As it signed to them. No report will therefore be prepared for your present meeting. M Tho Complex if not confused and ambiguous condition of our Laws the want of such a vol pie As the Public anticipate from the hands of their supreme judges sensibly Felt. Confided As the task is to Thos flit Conics idly the most competent from tlieirattainnt8,v the nature of their pursuits and a knowledge if Mil go imperfections of the existing Law to do it Justice it. Would do Well in such an important matter to afford them time and oppor Tummy to meet the Public expect tie provisions of the it cry at iii a the sup8rintende a arid or i ement be ipg pc Noe Battle a Toimi have Quot Terr comply Erwith by the appointment of w. F. Reynolds esqr., of Lafayette measures have been taken to enclose the Field of the a a Quot conflict made memorable by the bravery of those Gallant spirits whose honoured Ris Mains have been gathered and now repose together in bosom. The Degi ii of the Monument to be erected by the state has not Jet been procured for the want of a knowledge of the most competent artists. It was thought advisable to postpone the St object to the present meeting of Cuti Gre a to Eif Able the governor the Bugh the Indiana delegation to ascertain and communicate with artists of the highest reputation. To adjust and Settle definitely All doubts in relation to the course and termination of that part of the Buttan Dary line Between this state and Ohio near the Mouth of the great Miami the governor carried out the instructions of the legislature by the appointment of a commissioner on the part of Indiana to act in Congundi tion with the one representing Ohio. The joint come Mission composed of John a. Matson of this state and Micajah t. Williams of at the place appointed by Law were qualified and entered upon the discharge of their duties. The or succeeded in Osta Bliskin Tig the monuments will to effected to indicate the separating hid of our jurisdiction. A tiie Semi annual examinations of the state prison policy and inmates have been made by w. C. Fos ter Esql-., the visited. The superintendents do not As he thinks make unreasonable exaction of labor Quot nor do Tivey exercise too great severity in the enforce Meni of the for the Govil raiment of the convicts. He disapproves of a portion of their daily food. The improvements with a View to the enlarge end eni of the Pris in hive not Bee a Quot commenced owing to the insufficiency of the appropriations a mob for that Purpo see Thoj agent necessity for them requires the Furr ther attention of the la Gisl Tufe. J. A Colton quire of the City of new York proposes to publish on a Large scale the map of Indiana and has a copy of it in yet unfinished St dts fair the inspection of the members of the legislature through whom he a wishes to corrected Row if Auy exist. Several of the Stales appreciating the necessity of having accurate maps of their respective territories have patronized similar projects and forwarded copies to other states. Should you feel disposed to Recife Ocate the favor thus received it is the Intel Titi of or. Colton to make the map of this state so much Superior to any nov , As to entitle it to your the constant and multiplying dangers to wifi Mph the archives of the Stata department and the and files of several of the Public officers Are exposed deserve the impious attention of the legislature they occult a the Public building commonly called . Quot governor s House Quot in a Lucli eight aft a Ibn a stantly kept up. A spark from either May consume the whole there being no other Protection than that Given by the officers and , when attending at their places during the Day. Their prefer Val on is of too much cons Quence to lib suite to Ijo Lois Ger left liable to the dangers thai surround them. I would therefore advise some Early provision for the Quot erection of suitable fire in oof offices on Thi pub a i arc Ivind North of the Capitol. If you can make no better provision for the Means they May be procured from to Sale of the by Riding named with the ground attache to it. A ,.>. I inv Ilg tie attention of the .>.gi.sl�#t�t6 to Tho Law provi Difili for the appointment i it of pilots at the Falls of the i to. Its object was to Wilbrd to the Etc ten Deti comps acc of that River All Tho safety and it Clitie i that could be afforded by the selection of Serif Lenl Ami pilots to conduct it Over the fkr is. Taliej we a limited to of pair in number. The Emo Lump a Itsuro of situations being very profit Able at Chain Pilg stages of tie River a spirit a if cd no pm Tiu of he be ii thereby engender id which tire alerts to i feat tiie Wise intentions of the Law. Sine y6ttt session owing to the abuser ice of one of the cry pilots the Gohorm r made an appointment under Anfu pression derived from re a Tidei that the Indi Viducu had abandon etl la in Commisso nth to obtain the benefits we iii the Law Subserve in strict Fidelity Alii it Ull be exacted ii Niche i incumbents by the ice Slature the Only Iri ieans of securing it would be a Puyalto in tiie slope of it for feature to to rigidly enforced for every a or or a a if

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