Page 1 of 20 Jan 1830 Issue of Indianapolis Indiana Journal in Indianapolis, Indiana

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Indianapolis Indiana Journal (Newspaper) - January 20, 1830, Indianapolis, Indiana Lin Dian a journal. Vol. Vil Indianapolis wednesday january 20, 1830. No. 351. Published by Douglass amp Maguire. Terms. Seventy five cents during the session of the Lep Slature. One do it liar for three months including the session of the legislature. Two Dol Hirs per annul if paid in Advance. Three dollars at the end of the year. Advertisements inserted at the usual terms. A sex by ii. Wednesday Jan uary 1830. Or. Linton s report on the subject of funding the avails of the school lands College lands Salt lick reservation amp a. Pc. The select committee to whom was referred a Resolution of the Senate directing an inquiry into the expediency of funding the avails of All school lands Salt lick reservations College lands Michigan Road lands canal lands and the three per cent fund and if deemed expedient to report a system which shall preserve unimpaired the respective funds assuring a dividend of interest annually applicable to the several objects report they have had the subject matter of the Resolution under consideration and have bestowed upon it that deliberation and cautious inquiry which one so intimately connected with the improvement of the state and preservation of its ample resources should inspire. The committee cont Plale with emotions of no Little pleasure the felicitous situation of Indiana in reference to the Means at her disposal for the promotion of education and such objects of internal improvement As cannot fail under the exercise of a Liberal spirit and proper discretion to Subserve in their accomplishment the Best interests of her citizens. It is believed that no state West of the alleghenies perhaps none in the Union has at any period of our National history been placed in a More Peculiar and we May add More favourable attitude for an Early attainment of elevated rank than whether we regard the prospective wealth of her people or the flattering aspect of her fiscal concerns As a state the Prospect is equally cheering. With an increasing population unrivalled in its ratio a Revenue exceeding the Ordinary exigencies of her government a foundation in every congressional township upon which to rear schools extensive districts of land available for the construction of roads and canals she presents advantages of a most imposing and enviable character. Upon her legislators devolves the responsible Trust of moulding to the purposes of the Community these important elements. The attention of the committee was directed by the Tenor of the Resolution submitted to them to an inquiry into and development of some feast to be scheme for the profitable investment of monies arising from the sources therein named. In the discharge of this duty the history of other states has been consulted their experience so far As favourable results have followed the adoption of particular measures relied upon. From these the committee gather two propositions not however incompatible with each other either or both of which under proper limitations. May be made not Only Safe repositories for the floating capital of the state but greatly to Subserve the interests of Eft Calion and improvement of the country in Public highways. The Topography of our state invites to the creation of Turnpike roads and canal stocks. It is confidently believed by your committee that the school and other funds of the state cannot better be disposed of than in contributing to improvements of this character. The great Fertility of soil in the Interior must when brought into cultivation afford a Large surplus of products for Market. The amount and value of which will greatly depend upon the facilities of Intercourse with Distant places and markets. And although in some instances artificial roads might not afford in tolls a considerable dividend As net profit upon the whole sum expended in their construction yet when the multiplied objects of state Revenue arising from an increase of population always consequent upon opening commercial thoroughfares Are taken into the account no reasonable apprehension of state embarrassments can exist from guaranteeing to the several school townships six per cent upon such sums As May be derived from them respectively and taking charge of the whole fund. From the Quantity of land granted to the Michigan Road and to the Wabash and Erie canal these two works commend themselves to us As holding oat a basis upon which to create Stock to some amount with perfect safety. No one however sceptical As regards the productiveness of these improvements can hesitate to believe that upon such additional sum As their construction May require beyond the. Grants a dividend far above the Ordinary rates of interest will be realised. Who ther to appropriate the whole avails of these works when they shall have been completed to the purposes of education in the several townships or to limit the amount to a fixed per centum and apply the residue to further improvements will be a matter for the Wisdom of future Legislatures to decide. At this time we Are called upon to devise a plan for the Safe employment of disposable funds. Pennsylvania has at different periods issued certificates bearing interest to a very Large amount in order to anticipate Means with which to take Stock and encourage the formation of Turnpike roads. From the Tenor of her legislation on the subject it would seem that profit by Way of exaction from the transit of property upon them had never been contemplated. Vast expense has been incurred Cally possible has Ever had occasion to regret their construction. Few if any of the Many stupendous improvements of this character in the unit cd states have failed to meet the wishes of their most sanguine projectors while at the same time the products of the aggregate Industry within their influence has received an increased value to warrant of itself their construction. The Michigan Road which should be made a Turnpike the Wabash and Erie canal a Turnpike Road from Brookville to Indianapolis from new Albany to Yin Cennes from Evansville to Lafayette Are Public works that will Force themselves upon the attention of the general Assembly at an Early Day and a View of the map of our state is Only necessary to convince that they Are objects worthy of serious attention. The Means to consummate in a manner worthy the state not Only the Michigan Road and canal but All the other works mentioned Are within our reach a resort to Loans is unnecessary to accomplish them we have within the bosom of our state and at control the in reducing her mountains and in car wealth and moral Power required for trying turnpikes thro districts which i their attainment and Are responsible could Promise nothing else than the Nej to the age in which we live and to applications of trea posterity for due application of them sure to sustain them while in others i the second proposition which has rect remuneration has been realised occurred to the committee As afford upon the whole they Are considered ing employment for the funds that an important item in the aggregate May be derived from the enumerated wealth of the state and afford decided sources is that of a state Bank based encouragement to other states to a upon the capital these might afford Dot a similar policy on a less Exten with so much of individual Stock As ded scale. Would insure a sufficient degree Osceal the scale of improvements of the and care in the management of the in chi racer contemplated Sli Ould restitution and its different branches commensurate with the resources of i that a capital equal to the demands of the state and objects to be obtained. Such an institution might thus be de the following while it shews a Large Rived there can be no doubt that in amount within the reach the legis-1 Der proper management it might con lature admonishes to great caution in the application of it. The school lands amount to about 965 sections which at 25 per a Cre produce. The Salt lick reservations say 40 sections at the same estimate produce the Seminary lands May be safely estimated at the Michigan Road lands aggregated at canal lands. $772,000 32,000 50,000 160,000 600,000 making a total of 1,614,000 of this grand total the most considerable item is derived from the school lands a fund intended for a purpose so elevated and sacred As to induce a degree of circumspection in All legislation touching it to be measured Only by its in Ortance to the future tribute to a considerable augmentation of the business and Prosperity of the country there can be As Little question. The Charters of several Banks constituted by combining the resources of states with those of individuals have been consulted the Bank of the United states and Bank of Pennsylvania both of which have been entirely successful seem to afford the Best models and it May be remarked that a system of internal improvements would instead of lessening the Means out of which to erect a Bank afford strength and successful operation to such an institution by at once inducing a free circulation of its paper through the state. The committee report a Bill providing for the payment of the monies which May hereafter come to the hands of the several school commissioners of this state into the state Treasury and leave the details of their appropriations to a future session of the general Assembly As also the Dis character of the state. That the present Mode of disposing of the avails of a position of the avails Derivable from these lands is fraught with danger to the other sources referred to in the re the fund no okie however superficial solution of the Senate believing that by he May examine the subject can there is not time during the present doubt. If pursued it must Lead to the session to act conclusively on the sul it loss of Section after Section until a Jet and that Tho sales which May remnant unworthy legislative Delibe take place this year will enable the ration will be left. Nor is it thought legislature at its next meeting to regu by the committee that the spirit of the i late its measures More advisedly in re original Grant or subsequent act of Congress authorizing the Sale of these lands has been duly consulted in the Mode adopted for their disposal. On the contrary they believe that it Ferince to the proceeds than at present. The outlines of a Bank charter will be Laid before the Senate by the committee in a few Days. To prepare one is worthy of inquiry whether the state of proper features is a work of some is not bound to preserve unimpaired inquiry and time but As it presents the value of the several sections no tone resource for founding capital of Only by Good Poncy but absolutely the state now seeking profitable invest bound by availing of the act a Klioris ment the committee deem it a part of ing their Sale. The act of Congress their duty to submit the proposition in gives plausibility to the suggestion. A tangible shape. The improvement of the country i Quot Quot la a Quot Quot a Quot a Quot a Fugg i Turnpike roads which by the Aid of j minutes these lands might be compassed cannot Well be conceived while the influx ence of the Money upon the operations of the Community in Small sums scattered by individual hands is entirely lost to every important purpose. Such a disposition is incompatible with the Trust reposed in the legislature. It should be regarded As a state fund and rendered As such auxiliary to the accomplishment of state improvements dispensing to the several townships some settled rate of interest for the faithful payment of which her revenues should be unequivocally and forever pledged. If an application of the proceeds of these lands to objects of this kind will not be entertained by the legislature it is submitted whether directing its payment into the loan office to be loaned under the authority and care of the general Assembly would not insure happier results than can be expected from the present plan. The experience of Ages has sanctioned the correctness of a policy which in its Progress developed the resources of a country. And no Region abounding in the necessaries of life however isolated to which the Extension of commercial facilities Are physio the Fop the Indiana legislature. Reported for the Indiana Jour Wai. In Senate Friday Jan. 15. Or. Blair presented the petition of William Lawson Richard Cox and others citizens of his District praying an alteration in a certain state Road therein named which was referred to a select committee of messes. Blair Fletcher and Linton. Or. Graham from the committee of ways and Means reported that the committee had examined the Annibal reports of the auditor and treasurer and were satisfied that the same exhibited the True state of the Treasury also that the accounts of the treasurer in regard to stationary purchased for the use of the general Assembly were perfectly satisfactory. Or. Maxwell from the committee on education pursuant to a Resolution on that subject reported a memorial to Congress praying that scrip May be issued to the inhabitants of certain townships and fractional townships which Are destitute of school sections and to the to habitant of townships in which the school sections will not bring 25 per acre. On motion of or. Graham the vote rejecting the Resolution introduced by or. Depauw on the subject of the state College was reconsidered the same was amended on motion of or. Fletcher by adding the following Quot and also to report whether the provi Sion soothe 10th Section of the charter of the College have been complied with Quot which As amended was adopted. A Bill reported by or. Linton for the better secure a the monies arising from the Sale of the school lands in this state passed its second Reading and the report made by or. Linton was ordered to be printed the Bill was ordered to lie on the table. This Bill requires the funds arising from the school lands to be paid into the Treasury of the state the state paying interest therefor and the Revenue of the stale to be her pledge for the payment of the interest a message was received from the House of representatives requesting the Senate to elect a sergeant at arms. Hauver Gregg Esq. Was therefore elected and was sworn into office. Bills passed to incorporate the a Milton Rossville and Richmon 1 Turnpike company appropriating Money Loaid i building a Bridge across plumb Creek. These Bills were from the House and the latter was passed with an amendment. The Bill heretofore reported by or. Ewing providing Means to construct the portion of Wabash and Erie canal within this state was considered and amended in committee of the whole Senate. House of representatives. Petitions were presented by messes. Hussey and Hendricks which were read and referred. Or. Read from the committee of ways and Means to which were referred that part of the governor s Mes Sage which relates to the finances and the reports of the auditor and treasurer reported a detailed statement of the situation of the Treasury which was read and thirteen Hundred copies ordered to be printed. Or. Rariden from the judiciary committee to which was referred the petition of William Roseberry exhibiting certain charges against Jacob b. Lowe clerk of the Monroe circuit court reported that the committee had examined the said charges and found them to be of a very grave character and such As if True ought to subject the party charged to punishment and removal from office. Therefore that this House May proceed advisedly in the investigation of said charges your committee recommend the adoption of the following re Solu Tion resolved that the judiciary committee to which was referred the charges against Jacob b. Lowe clerk of the Monroe circuit court have leave to Send for such persons and papers As they May think necessary in the investigation of said charges and that they also have leave to employ some fit person to serve pro Cess and carry messages during such investigation. Which report was concurred in by the House. Or. Beard from the committee on roads reported a Bill for the location of a state Road from Mooresville to Crawfordsville which was read and passed to a second Reading. Or. Davis of a., from the select committee to which was referred the petition of sundry citizens of the St. Joseph country praying the formation of two new counties reported a Bill in pursuance of the prayer of the petitioners which was twice read and ordered to lie on the table. On motion of or Fite resolved that the committee on the affairs of the state a Fri amp Ion be instructed to inquire into the propriety of making provision by la w for a distribution of the hire of Tho state prison among the subscribers for building said prison in proportion to their respective stocks in the same or for refunding to said subscribers the amount by them respectively advanced. On motion of or. Rariden resolved that the Senate be requested to elect a sergeant at arms to Servo during the remainder of the present session. On motion of or. Hall resolved that Tho speaker be and he is hereby directed to Issue sub fit Nas on the application of the judiciary committee for witnesses to appear and testify concerning a certain accusation against Jacob b. Lowe clerk of Monroe county and that the speaker also Issue upon application of said committee sub pm Nas ducks cecum for a Uch records and papers As said committee May deem necessary for the investigation of said charge. Bills presented by or. Hall appropriating Money for erecting a Bridge therein named by or. Ketcham for the better regulation of offices and officers by or. Bence for the better support of the poor in Floyd county by or. Armstrong for an appropriation of Money to Aid in the construction of a Bridge Over Tanner s Creek the second of which Bills was referred to the judiciary committee and the others were ordered for a third Reading to Morrow. The following Bills were read third time and passed Viz a Bill authorizing the leasing of French lick Reserve in Orange county a Bill for the improvement of the state Road from Shelby Ville in Shelby county to Anderson Ville in Franklin county a Bill making an additional appropriation for the improvement of the navigation of Flat Rock a Bill to change the Mode of doing county business in the county of Delaware and for other purposes a Bill to Amend the act regulating is trays and water crafts going adrift a Bill for the Relief of Benjamin Jones of Sullivan county a Bill to improve the state Road from Liberty in Union county via Abington and Centreville to new Castle in Henry county a Bill from the Senate to facilitate the opening of the Cumberland Road and to preserve the same from being obstructed or injured and a Bill from ther Senate for the Relief of Drury Holt and Vincent Cooper. Several Bills were considered Iii committee of the whole amended and ordered to be engrossed for a third Reading. In Senate. Saturday Quot Jan. 16. A communication received on yesterday from his excellency James a Ray in the nature of a remonstrance against having a certain county named Quot Ray Quot was referred to the same committee of the whole Senate to which is referred the Bill providing for the organization of a new county North of Marion and Hendricks. Sundry Bills from the House passed their first Reading. Or. Maxwell from the committee on education in compliance with Tho Resolution of the Senate heretofore adopted on motion of or. Depauw h9 amended by or. Fletcher submitted from the said committee a joint Resolution requiring the trustees of Indiana College to report to the next general Assembly on the subject of the finances and general state and management of the College. Or. Sering submitted a joint Resolution relative to the agent of the three percent fund. Or. Lemon introduced a Bill authorizing the building of a Bridge across Silver Creek. The memorial to Congress from Tho House relative to a Grant of land for the improvement of the mail route from new Albany to Evansville passed the Senate As also did the Follo ing Bills which originated in the House of representatives altering the line Between Scott and Jefferson counties a extending the corporation of Midi Sony to incorporate the Franklin Seminary to change a part of the state Road from Mauk s ferry to Indianapolis for the Relief of Samuel Postle wait and a joint Resolution relative to the deaf and dumb. The Bill originating in the Senate in relation to the action of trespass passed the Senate. This Bill provides that Plain Tiss recovering damages in an action of trespass for any trespass Nec Estanly committed in opening the nation Road shall not recover costs. The object is to prevent vexatious suits in behalf of those who have not relinquished the right of the Way to the United states and to induce them to have their damages ascertained Undt a the Bill for the preservation of that Road passed at this sesion by Means of which they were at Liberty to resort to it or not the Bill from the House creating two additional judicial circuits was passed to a third Reading. Previous to this order propositions were made b or. M Kinney to provide Tor three terms in the year by or. Robb to provide for Only one additional circuit by or. Ewing to leave the number of the circuits As they now Are equalizing the labour among the present judges and or. Graham to fix the times of ing courts in the Bill under con Tiona and were successively be the Senate resumed the cd Idera Tion of the Bill to provide Means for the construction of thai portion Puthe Wabash and Erie canal Vitlip this state and an amendment ipad i committee of the whole Senate Ning a general reservation of land Wilhe North and South sides of in s Bash from the Mouth of eel the Sou Ibern termination there of Aid b right to enter thereon and constrict the canal As May hereafter be Depeiro Queil by general Assembly watch cured in As were also several other Amend Mentjes. House of . Hit Lis from the comn>ui�c�0q elections to which was Referd a res Oitt Tion of the i Louie i blog them

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