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Indiana Debt Crisis Aims for State Financial Reform
A 1840 address to Indiana lawmakers details a collapsed internal improvements program. It lays out completed and planned canals and roads, total costs, and a 15 million dollar public debt. It cites suspended debt, treasury notes, and flawed funding as causes and calls for restructuring, possible private investment, and avoiding repudiation.
MENTIONED IN THIS ARTICLE
Senate
House of Representatives
Indiana
Wabash and Erie Canal
Wabash River
Lake Erie
Ohio
Lafayette
Wabash
Wabash and
Jirie Canal
Wabash & Erie Canal
Tippecanoe
Terre Haute
Covington
Central Canal
Indianapolis
Muncietown
Evansville
Ohio River
Erie and Michigan Canal
Madison and
Edinburgh
Indianapolis and
Lafayette Turnpike
Crawfordsville
New Albany and
Vincennes Turnpike
Jeffersonville
Salem
Greencastle
Illinois
Board of Internal Improvements
Eria
Lawrenceburgh
Indianapolis R. Road Company
State Bank
Treasury
Cohen
Morris Canal and Banking Company
Cohen Property
Canal Fund Commissioners
Morris Canal and Banking
Comany
Madison
Noah Noble