Indiana State Sentinel, Volume 1, Number 67, Indianapolis, Marion County, 6 January 1846 — Page 2

JnMattci State Sentinel.

TBI-WCEKLT. rrTmL vioihucf. is the trice or liberty. HOIiNAI'OLIS J4M1KV 6, 1S4G. The Condition of the Bank. Commenting on our article in relation to the con - dition of the Bank, as shown by his own report, the Bank President, through tue - Family Organ" of Dec. 19, savs : The amount of speck in the vault of a Bank, is " not the onlv, nor ru any means the most certain in- " dication of its strength " This is a revival, by our self-styled Democratic Bank President, of the famous Nick Buldle doctrine, to-'.s it that " the Banks are strongest when they have the least speie .' " This, during the TT. S. Bank war time, was regarded as first rate financial philosophy by the federal Wnig papers ; but we have yet to t-ec whether the Democracy of Ind;ana are ready to re ceive it, dug up as it now is from its grave of dis grace, by President .Morrison. And then, assuming a tone of exceeding ivisdorn, the Bank President goes on to say Those who understand the subjct look more to

44 its discount line, its active business paper, and oth- j not have been in vain the present and future gene4 er convertible assets, tor the ability to meet its ration will accord to them honor and praise. Flo "engagements, than to the coin in tiie vault ; and good man now on the stage would desire to have this "on this point the Sentinel has attempted another j huge public debt thrown over upon his children, to deception, by deducting the amount of specie only, crush their young enterprise and stain their character. from the liabilities of the State Bank, as if she had Beery one mu-t desire to h ive it adjusted, if it can 44 nothing else to show. Intelligent business men, I be on terms within otir ability, and at the same time

4 will of course notice this attempted fraud." Now the President of the Bank himself, and nut the Sentinel, is the only one guilty of ieccpiion and fraud, and every renffy intelligent business man will say bo. We did not, as Morrison falsely afiirm, 4 deduct the amount of specie, from the Habiliiies of

the Bank, as if she had nothing else to show; " but tjiat they will lay the people by tt action under everwe merely showed the excess of circulation over the lastmg gratitude. specie in vault, as given in h;s own report. We did j this because it is a state of th.ngs most easily ap-j (V-In an article relative to the Public Debt, which preciated by people who do not pretend to the won- appealed in the Trt-week'y of the 1st inst., we said

derful decree of trisdom which Morrison claims as an especial attribute of his family But let us examine some or me otter items wmcn Morrison asserts are of so much more importance than silver and gold, in determining the strength and safety of the Bank. The 44 balance sheet" of the Bank for this year will be found in Morrison's an- . r . 1 ., Bual report, pages 8 and 9. Am ng the resources of the Dank, and the other items of siyifrth spoken of bv Morrison, will be found the following : Bills discounted, 1,930,191 84 Bills of exebamre, 1,197,435 ( 3 $3,037,616 89 Showing an increase over last year, in these two items, of $192,l'& 74! Nearly 7:U, (X) of this increase, is in biils of exchange, or sharing peper, alone. Now how much of th.s i bad, nobody know. It miy some of it be like a bill of about 12,0C0 shaved bv the Indianapolis Eranch about few years aco, and which was tot iilv lost, as we are told ; or I ke another for about (14,000, shaved about a year 8. nee, and wh.ch proved to be as worthless as the other. Tue next item of 4 strengt " is the Susnended Debt f ÄÖ3S.92"5 C" How much of this is good f,r anv thing, except to help out the balanc-s, is more than any body can ... . n . . guess. We suppose the editor ot the 1 amily Urgsn has a large share in it. If so, every 44 intelligent K.,.,- m.n" l.f r. L-.-u nmrh th.it ,,irt , f :t in worth : not more, probably, than stock in a Faro bank. The next Sampson ilems are : Banking Houses, l73.f;3.3 13 Other real estate, 163,681 I 1 Furniture, 5,853 8 I 348,190 27 These now would enable the Bank to redeem how many dollars do you think, Mr. Farmer ? Why, sir, not 5 in HH.. The bankn g houses and furnitore are, we presume, rated at their extravagant first cost. The real estate was taken for desperate debts, in many cases at any price, because nothing else was to be got, as in the case of A V n, of this county, s year or more ago. We pa8 over a few other humbugs, to come to till richer items, which go to square the balance sheet, end t exhil it that great "strength" not dependent on coin, which the Hank President thinks so very vulgar and worthless a substance, to-wit : Suspended itr-m. Protest, Bank stock, and other items, i (8,135 -0 Suspended items for n 'T.lt'ö UO s95,2G0 This, of course, is worth just about as much as the assertions of the Lunk Fsssidout, when his ire is roused no more. Nevertheless, they are among . . i ht : i . i .: mose flWHuiutn .Aorr.on uuks uooui mm mums; ui much more value than specie ! Ttion thorp nre !ii7.tM)() 1 10 in Indiana Ronds. and " . ft-4,.00 in bills of other banks, worth perhaps as much or more than the bonds, to help ike out the non-specie 44 strength" which Morrison talxs so w.soly about. That other, and disinterested persons put the same estimate of value u;oii these assets as we do, may be seen by the following extract from the .Money Article of tiie .New Vork News, under date of i)ec. J1, 1945, last mouth : We have frequently had reason to animadvert upon the progres-ne expansion of the currency of the Western banks. In Indiana, the State Rank has put out an inordinate quant. ty oi paper, lar Dejono its ability to pay, sad the privilege of i-sumg notes a mm m . . i f .1 A . . f C I ot Binall denominations, ttiai was sous to mat concern ia nmv nKumt tr pT'iirp nnd itrobahlv v:!l not he re

newed. The Bank is esscntial'y 'rotten, and will lfs inCflsooner or later injiict a teitre loss upon the People of We have not only frequently admitted the part.al Indiana." responsibility of the Democratic party through the Here is the opinion of one who is acknowledged action of men such as are alluded to above; but we to be one of the soundest financial writers in the have as often confessed that many honest democratic country. people were led astray by them, until they found But we will not pursue the subject further here, themselves crashed by the burdens which they atexcept to express our deep regret and disappoint- tempted to carry. men', that & prufssssd Dissoersl should be willing These are evils past remedy, and it would be useless not only to tolerate the present degree of rottenness nerhnpi even again to allude to them, except as boaiu tbe Bank, but that he should desire or even con-1 ,., s of warnini against the recurrence of similar

nive at an extension ot its privileges, and ot its means of further corruption, by the continued issue of iminplasters. The Legislature has the power to check this evil by vetoing the continued issue of small bills. This 1 will noi prevent the $660,536 which are al: cady out, from remaining afoat, ij the people chooae to hull them. But an increase of the issue should by all means be prevented. Let no man in the Legislature let no Democrat, at least, who would stand well with the people hereafter, dodge a direct vote on thi j question. Let the Whigs remember their professions in (vor of sowiil banking, and vote accordingly. ( w " I Iet all reniember the Internal Improvement Jvstem, sad the responsib.lity growing out of it ; and taL heed in season. (ryTm State Journal of January f, H 16, fully endorses the State Bank in these words ; The condition of tlie Bank is sound beyond all eontroversy." This is a committal worthy of notice and remembrance. Every democrat who can get, should preserve a copy of the Journal contiinmj it. It will be i,.ed:l nm rafter

The 1'iiblic Do. Tlie Joint Committee on the Public Debt, to whom -Air. Bttller communication was referred, on Saturday lust rvpofted la each Nnch of the General Assembly, A bill to pro vide for the fmmhtd d bl of the State vj Indiana, end Jr t'ie WaafSW of t Wabash and Erti Carnal to Evan title:" rhtcll as read a first

and second time, laid on the table, and -d?rod to be 1 printed, This may be regarded 09 the fleet measure uf the session. The public debt has been so Ion;; a vexed question, it has been so long an eye-sore to every good citizen, and it had grown into so large a mountain by the accumulation of interest, that it BSenssd beyond the reach almost of the energies of our people, great as those energies are. To see a bill reported by the unanimous consent of so large a . committee, representing every judicial circuit in the State, and composed equally of Democrats and Whigs, for the settlement of this great public debt, is, to say the least of it, what we hardly dared to hope for. It should encourage and cheer the hearts 01 our cmD zens. The labors of the romm.ttce have been arduous beyond the conception of any one not in a situation to judge of them; and if the result shall be the pas1 sage of the bill reported by them, their labors w ill satisfactory to cur crcd.tors. In the Boosi th' b.ll is accompanied by a very aole report from Mr Secresl of the committee, which we BhaU endeavor to liy before our readers. We indulge the hope that the subject w ill be satisfactorily adjusted bv this General Assembly, and 4 It was in the session ol l-:.-0, just ten years ...t 11. il ...1. .J U.. .l.n ....... .).. ago, u ntn 11 ntggri 1 i"ut '' mui uic iwuiwhwi I 11 a! J rt- I. ft 01 uu mis ututamj u juiu. This remark, we are fold, is highly offensive to the Whigs. That is not our fault, though it may lie their misfortune. We d;d not intend by it, however, t0 give ennse of just odence to the Whigs. We merclv stated a fact. In so doing, we had no desire to COver up the particij ation of professed Democrats in the U h g policy. e nive siways sumuwa mau as is well known to thoe who have read our history of the rise and progress of the system,1 which atneared in the State Sentinel during the canvass lor r c wo nave never xr.cu 10 conceal, mm cvn" t:ary we have admitted the fact among others, that J ames Morrison, now the rrestdeni ot the Mate Bank, was the Secretary of the famous conclave denominated the Board of Internal Improvement, dnrittJZ tlie whole period of its aritre operations, and ! when it was running the State headlong to destruction. We have never pretended to say that Üe had n t ns go d a chance a any other man to be C 'gni- . ..e iL'.i nur WltV u hii ll BTAfl ndii'tted nr ...i ll Jl till l'l -.' i- 1 w . . " -. . 1 . . , . , , t ..(rr.tcd bv that conclave, and bv wh.ch tlioussnofl "i'" thousands of dollars were squandered beyond what was appropriated by law, and which was know : 1 . - C . t't.rt hopnl't f,f tllf. ?'i-!:rt lf III I M.t 1 ! f MT l"g'J U,M ,w l4'" . " " i w" wwawwwn -""bu ... . v. d.soruised the fat t that the President's brother, the itor of the 4- Democrat," w as one of those equally famous ComnussumerSt who were at trie neau oi me practical management, and w hose chances to know the ruinous tendency of the measure, even though i .1 1 1 1 I I n l.nt r,f in'$'it ami nruu-nuv i-' i he board; but who nevertheless concealed the true state of the matter from the public, until it burst from the etfects of its own corruption. We never denied, but on the contrary, have admitted, that he alone squandered near a hundred thousand dollars more than was appropnted by law ; because such a denial, in the face and eyes of notorious truth, would be folly as well as dishonesty. And we have admitted other facts and circumstances of a like nature to thee. in which professed L'cmocrats were involved as well as Witigs. But Uo all these admissions docs the dishonety of nom.nal democrats, be it great or small. dispn M the fact stated, that the inception of the ruinous scheme occurred iM n Wkitjgery ßourishedl By no means. As we understand the natter, the whole system, in its rise and progress, was emphatically Whig, and Us chief object was tlie plunder of the people by tj1? Swindlers who stoH? at the head of it. whether t!;ey caik.j thornselves Whigs or Democrats. When we luok hark nud retlect upon the damnable arts of nw ehicaacrr Which the people were ' cf)rtej ari(j educed into the infamous embraces of this corrupt harlot, we are sometimes tempted to mdcrstand to be the Morrison , . . privately given out, and that is I proposition mat the Sovereign ad t u.jial we 10W u,. T, , , . . Democrat dtctrine as the highly honorable propoi Stute of Indiana shot Id send Sharers into the Stock ' market the Morrisons among the rest, we suppose to buy up the bonds at a discount of 75 per cent ! Or, I to escapn this lowest dejth of degradation to say 'nothing of tlie high probability of being swindh d still more by those who aro depraved enough to Mtggest such a disgraceful plan, to repudiate the debt at once and totally. But we are not yt prepared for this; and before we would tuggttt any such infamous m 1"! A . 1 I . T . 4 . . scneme, oy wmcn to iwnw our ereuuors, as uur (nvn people have been thsated and swindled, we would leave the State and never again enter w ithin evils. Ve speak of tin? mnow, to satisfy those whigs who were offended at the expression quoted at the head of this, that we have no disposition to impute nore Dlamc to them than they deserve, and as little to Bhield men who have endeavored to hide ns much or m ire guilt under the cloak of pretended democracy. Tiie main thing now is, to get out of the difficulties of the Public 1 bt as well as nre can. To this end, all good men, of wnatever opinions, should unite ut should they be happily uecessfuli as we sops they may be, in agreeing upon some plan which shall hh all shall ncive from US, as each will fy. v v. i i , (jesCrve, the plaudits due to faithful servants of the people. ,liec. As it is probable that many strangers will be present at the Political Conventions to be held thin smek, ftnd as the hotels are already crowded, the lemocratie Citizen of this city are requested to neel at the Palmer House THIS DAY, at two o'clock, for the purpose of milking arrangements fr the accommoUatum of sbch strangers as may need if, at private houses.

The It;iMtt 1 resident Veracity. The Bank Autocrat hot long since charged, that A-e had s'ated, that he had 44 neommended " the continual n of the small note privilege to the Tank; and be denied that he had ever made any such 44 recommendation. "

We denied that we had made any such statement, and defied him to.the proof. He has united through our files, and finally produens the following extract from chapter ill, of the 4 Political Mysteries, by which he Matters hitiiseit he can MStain li s impeached veracity, towi' 44 Mr. Morris n, last w inter, proposed to extend to M the bank the right to isstM small notes to the 44 amount of a million of dollars, during the life of 44 the charter." Morrison professes willingness to rest the isue on

this extract. We are equally w illing to do so. There phiut Col. Kinnard in the same way. He has pracis not a word in it to sustain his untrue declaration tittd it m a thousand other examples since those a declaration which he made only for the purpose of days; revelled by means of it in fat Indian contracts denying, so that he could scm to impeach our veraci- and canal management received money enough to ty, and continue to maintain his cowardly non-com- have made half a dozen prudent men independent;

mittal position.

We s:iid nothing about 44 recommending," in the peculiar talents in tlie same way, Dy supplanting the extract quoted. We saw that his Royal Highness State Sentinel, as the only remuiningchanceof thrustchose rather to make himself the "veftseJSft" of the ing himself once more into office against the Well directory in merely " proposing, what he had not i known wishes of the people. The question is wheththe manliness to recommend. Does he pretend to j er the Demoeroey arc iceak enough to be longer cadeny that he made such a proposition ! If he does, jnkd by the whimpering, whining, canting hypocrisy he must necessarily discredit his report of last year, I of such a man? If thry are, m are not. He talks and belie his report of this. We have copied these ; about his paltry apology for a newspaper which was reports often enough to initiate OUT readers into their heralded by such a flourish of rams-horns, and eninvsteries in these respects ; and certainly no reader deafOfS to convey the false impression that we or can have forgotten the peculiar expressions made by . somebody else are disposed to throw obstacles in its his Lordship in hi report of this year, as for in-j way. We have many times denied this humbugging Stance "the undersigned ( James Morrison ) was pretence. We care as little about his miserable sheet made the vehicle of UQUttTfNG from the last (ieneral as any live nrin can do. He cannot interfere with Assembly a continuation of the privilege of issuing 1 us in a business point of view, nor with the honest

notes of a les denomination than five dollars, ns a permanent privilege during the life of the charter," nnd slthoagh be has not been expressly requested to renew tbe stppHctium made at the last sessioa, yet ke knotes the board would be gratified to have the priv : .1 ...i.J ilege then ashed. We cannot suppose any of our readers so deficient in penetration, as to be unable to see that Morrison ; compelled in this case to resort to the small . est kind of quibbling to sustain his asseition; and certainly his attitude is discreditable enough, without any lights and shadows from us to bring its contemptible points to fuller view If lie had gained his point, however, he would only have degraded himself still further; for as we have 1 before observed : If his DOStlftM denial nOW. of helnff in faVOr of O r)ntimianco of that privilege for he means this if he honestly means any thing is to be taken for his real opinion, " stands self-convicted Inf ore the uord g t - m " ' " , . 1 t a measure tchtch his men conscience tet.s him ts of a measure irAtcA 'us 01m consetene tens him wrong, and for which he dares not to take an open, bold and honest stand. Here is n dilemma, ujon one or the other tioru or wmcn juoge rtiorrison w necessari lv impaled. Anotiit'i' Mistake The Hank President, in his protocol or manifesto. .which appeared in the Family Organ Of Pec. 19. ! says in relation to his election to the Presidency of the Bank, that 44 the Sentinel, at least after the (ton, made an approving response to bis election, antj 1 ' 8 that too as a Democrat Xow we 44 positix v nu " that we did any such thine;, and we challenge " the iBank autocrat 44 to . c proof. What: the State Sentinel vouching for the Drmoeracy of James Morrison ! However friendly in persoaal respects we might under ordinary circumstances be With him. our consciences must be harder than iron to do any such tiling ! Why tlie idea is abso lnt-lv hnirhnhl.' Wf Jthritilil ni soOil till nil if Mj J dorsiiu? the democracv of tiic Autocrat of Uu,s.a himself. Tbe truth is, there is not a noro ; jjfeet aristocrat, in the most olmoxious seise of the term, in the whole State of Indiana, than James Morrison ; and such we aitcai,. regarded him. Hiariiitocratic notions are so superlative that he can smile upon no one not en-teems bv his own royal blood i and if he tries to do so, the attempt abac lutelv dies away iu a half contemptuous stsnper. That the State Sentinel, w hose sympathies are all radically democratic, should be charged with endorsing such a man's democracv, is as absurd as it is untrue. It never did it. It IS true it aUuded in rather complimentnrv terms to Morrison's talents, after his elec- . .,, i, ...i-i mAlmm -, kia iMMi It l h . I'll 11 lUW ll'llltll ' UWllfc II ' ii'V I ' A v said this, nnd this only w C7 r From the Slate Sentinel, Jan. 4, "Bam riMMoi-.NT. It will be seen bv the Lews-1 lativo proceeding-, that J IMES MoKBiSOX, tsij., has li,n clrtr..1 I r, . i .t,.nt nf th StMt. I lank. ( t I h' ' .v . . ... - - - nhitiiy and talents or juuge ai, no one emermins a douht ; and if he can ever retrieve that Institution nun its pr sent dejlorable c ndition, he will deserve the thanks of the community. The whole of its rotten carcass must be examined however tnl it may be. The people expect it. nay, demand it; and I J6 be,icTe J:,,nrs Morrison will not disapnoinl t them. 1 Be it as it mav. we ho:io he will prove himself equal (Q . j, rroa willch ht. ,hou!(i llol flinch." Here then, is another question of veracity, for the passionate President to setile. We need not say, bv the way, that our favorable hopes then expressed, have Leen entirely disappointed. Aicau(ci i' Mterriseun The impudence of A. F. Morrison is certainly without a parallel. At a Meeting of the Democrats of the General Assembly held on Saturday night to make s me arrangements preliminary to the State ConvenUon to be held on the th, Morrison was present, snd( though the Democratic County Convention of .Marion County, absolutely refused to appoint him a delegate to the State Convention, notwithstanding his brother strongly urg (l his appointment as such delegate, in the face of this, we av, A. F. Morrison had the impudence to crowd himself forward at the meeting spoken of, and after whining and canting to an indefinit. ovtfiit. m-t ii.n 1 lv r t I i n kvlf :i i moi n li'il on a eer- .. lam committee ! I his is certainly an outrage, and rill be so regarded by the mass of the Democracy of uns county, wuanow inai inurrison a uupuueuce iu thus tkursting himself where he had no business,, wwm oueraieu uy umuj w. mmmuum .... vuu a , desire for harmony and IUUOS ; but th.s is tho poor. . I L . II .. .... . I I. . I est wav in the world to secure it. Uarmonv and J union without the cement of principle is an empty farce. And there is not an old D mocrat iu tlie Legislature who docs not know that Morrison lias no principles in com moo with honest Democrats. With him 1 mocracy consists iu mere empty professions. He is practically an ant i-democrat ; and looks on politics ns a mere trade, and a means of Sorking himself and family into odieo. His immediate object in thnrstmg himself into the meeting spoken of, and into the Stale Convention (which no doubt he will attempt to do, though in opposition to nincty-n.i.e of everv hundred democrats in this county.; is to get

the endorsement of the Democratic party for his pa- house of ill fame, lfs may be well acquainted with mt. With this he can strengthen himself, as he su-; her; but we hereby olR-r a reward of one hundred poses, before the people, and baring obtained strength, I dollars In any person who will show that ire ever he will use it to promote his own selfish ends, by spoke to her, or any person iu net house, or ever threatening to use it against the democracy. Individ entered by daj or night, any dwelling or place oemnalry or collectively ns the case may require. Mow pied by her. Now let the har produce his proof, we can tell the Democrats who do not already know: Furthermore, would it have been deemed 44 rcspectait, that A. F. Morrison has no personal nor political ,', " in the eyes of the "Royal Family,1 to have influence la this county, where be is beat known. I visited one whom some of them waited upon in lis u regarded, a in fact he is, a mere political loaf-j church ! It is not our idea of respectability.

er and dis irganianr, and has been no better for the last four or five vears to our own knowledge. The universal sentiment here ha9 for a Ions time been a

wish to get rid of him, and a hope that he would join m m i j the SbigS, with whom he naturally belongs. This i he would have Jjiic long ago, if they would have taken him as leader; but thev had too much sense ' to do that, and so he remains a nominal democrat, ready to rum at any moment it h cannot snll . ule. and get the pay for ruling. Now the true way to treal nvx R peraon is to dip. his wings, and neutralize his power of mischief. He has been suffered to to brow-beat his wav among democrats Ion"- enough. He began it when he got his first three thousand dol1 1 r- to start a paper by which to supplant Bolton. He repeated it when lu made irmngrjajentfl to supand now would fain give us another exhibition of his people who choose to take OUT paper. We are just j as v illing he should publish his paper as we are that j Mr. Hatch of the Spectator should publish that, or 1 Mr. Noel the Journal. We care nothing about him j or his paper in a business aspcot. But we da care I 1 1:.:. - i (about it in a political one, and it is our duty to speak j out. ll is and uill be the ot of any clique that u ill pny him b st, and u ill in the end cheat them all if he can. This is the whole sum and Substance of A. F. j Morrison. We should therefore be false to ouieelvee, : false to common honesty, and false to the integrity and the principles of the Democratic party, if we should degrade ourselves enough to coalesce with such , a w retch. S ronef than do so, if that is the only al- ' tentative presented, we will withdraw from politics, and leave the field to him and such as can permit ' - - -- f.i mmm thm r;mL cS mwh n h-ad r HI . , 1 ' v- i . v i - w ' W I. . - That Pocket Book Some days ago, Morrison, in his Rmk Organ, made "se 01 some icnn m rewuoo w us, w men we um sm m . ... not understand; but seeing through the cowardly attack we felt disnosed to retaliate by a mere allusion to a circumstance which no doubt sits heavy on his conscience. In doing tiiis, though but hardy allusive, it stung him to the quick. He immediately puts on tlie coat, traverses the streets, cursing us and our friends generally, and ends by threatening to pub l.sh such charges as shine so conspicuously in his paper of the Jd it.st. We shall now merely tell a plain tale, and one which will be corroborated by hundreds. We have 1 1,0 u81"0 o introduce nanus oi persons, ana shall avom u r.s nir as poss.oie; especiauj as .uomson has endeavored to create, in the minds of some, a prejuoice sgainsi ns, wmcn ne uuasa wiu enu in & Us wwardly soul dares not attempt. Mr. Bishendorsed by Morrison ns a man of truth and veracity. This we have never disputed, sad Wish ti f 1 I 1 I 1 Ml 1 borne in mind that we shall not dispute it, at least until we have can e. We d.d give to Bishop a pair of irowsPrs ; nnd : Li'l.nn 1 1 rt rrtt 1 1- A ti I1112 r. rifii tn Oinnrrn 4 1 1 r n i ni j ' iiiii iii-. i Villau iw ui3 t ww iv i tiuii;. rr v mm coropanieq mm. 1 e are noi ccnam wnai urn u.u " his pocket hook at the time. Morrison says he . -1 ! ,- . I J-J placed it in a drawer. We have, also, no knowledge who teas in the bar room, while we were in another i,h Wm, except Morrison himself. But be M 7 lr- lilshnV possession of his pocket book hours atter these transactions, as he loiu us ami others. The first we heard of the robbery, was on Sunday afternoon, after our return from near Cumberhuid; when Bishop told us of it himself. He told us and others these facts : That he went n w ay or to bed, sometime in the niglit on oaruroay, leaving t;.o key m ttf his door with Morrison. That on Sunday momin another person applied to him for some money ; that he immediately went confidently to his dm wer, ex Ptlg to find it: it bemggmm, ha at once concluded j Morrison had taken it for saftketping as he had the L-ri' U.I , tk.l h t. ,1.1 thm norBon to wnit mwl i,n J 1 r i - Kov Kim ; um on uou ua- prow. w ,. w would go round to Morrison's and get it ; that in the . . 11. o, ..tn(ii1rnn it tLw t'tiniiin li llil vO lilit tit .... TT r n " in Diapossemwn. nc p as lst. A f'w days after, on a Tuesday morning we think, fit having been deposited in the night,) the kot book Wlth its Jlotcs and rSf was fo n , , i . n the Tost Office box. NoJ we say, let all w interested, inquire. und in ho feel Let them also enquire if, when Morrison came dow n with another parson to go out, he did not desire the other person to go back a few moments ? If he was not alone in that bar-room at near midnight, during the proprietor's absence? Was he not called upon before he was out of bed n the Sunday morning in qucst.on for the pocket hook ! Let them also enquire, what would induce a thief, not at all interested, to return the book and papers, and thus add an additional risk of beinjr caught? Other inquiries might here be made, but they will suggest themselves to reasoning minds. Morrison says we coupled his name with this loss. We did no such thing; we onty Stated that one of his allusions was not understood ; that whatever it niirrht mean, it did,o mean stealing a pocket book. At this Morris' ii takes fire, and the result is given in iiis characteristic language through the Royal Fans Organ, ' MorrisM bei a paragraph against us embodying every blackguard epithet in the vocabulary nlnrM himself above us: nnd winds un bv reneatnu' t I r rharfTp of )orJurv. Tho jramblinff rascal mav . cU s UIl t;at lU, aU is blue. as well as . . c i u . 1 . have many of his whig asHociates; but we were never convicted of it, nor was ever th cause brought to tr.nl. although we urged it at three different courts, the winde court nnd parties being glad and willing to let it drop. This matter, which arose out of the political excitement of 1840, may nnswer such follows as Morrison to harp upon; but our conscience is clean, not only of that, but of trading in blankets, or of stealing money at the gaining table and hiding it in our boot. 07- Morrison has a vulgar paragraph, intimating that we visit a Mrs. Cross, who is reported to keen B

Adjustment of the State IN-Tbt. rp, . ., . . , ,r o j 1 The bill reported to each House, on Saturday last, by the j"int committee on the subject of an adjust-

mnt of the State debt is of great length. We have 1 ........ I . . . 1 OI,ly room for a summary ot its provisions, which we CUP.V frm tnc Journal. Section first provides that whenever the h Aden of any bond or bonds of this State (except the Bank I.. cl.n 1 1 . : t 1 1 ' 1 t ! I now cert i ro-ri tow i if vti.i-L-i Zu .... 1.1 v. , ,k l. (be State, the principal and back internal bern specie fied iu such certificate, the interest from 1st January Wl to lvt nuary lo4U to he estimated at two p r centum per annum, and on which certificates the State lO IIIIUI'M t!S IU11UWB, I. On the principal in ....i. pay two per cent per annum trom the 1st Januar 1847, op to and inclusive of 1st January 1833 ; at that time, the interest specified in sue h eertiricate, and the one half of one pet cent per annum on said , , . 'r r ' Al , . .. principai 'from the 1st ol Januarv lv4 to the 1st of January lHoli, to be added to the principal, and from 13, the State to pay on the sum thus created, two and one half per centum per annum: provided that such certificates shall only be issued in hen of bonds having the coupons fallmr due and after the 1st of July 184t attached ; and provided, further, that if the revenue, up to the 1st day of January 1N")3 to be derived from a pro pert v tax of 'Jöcts on everv SJtlOO. and a poll tax of 75cts, shall not he sufficient (by rea - son of being received in scrip) after deducting State expenses, to pav two per cent, tlie State shall only be . I. ... ii.i c t iL-.i required to pay, up to said 1st day of January 1niH, such rate of interest as the par funds shall enable her to do, to be paid pro rata on the principal specified in such certificate, and the deficit, with G percent interest from ti.e time it became due, the State to pay by the 1-t of January, 1S.:. Sec. 2. Provides the manner of issuing lhr new ce rtificates, the entries to be made in books kept for the purpose, & c. Sec. :i. Coupons due on and after July 1st, 141, up to 1st January, l4 17, that may hare been clipped trom the bonds may be surrendered, and certificates issued therefor, w hich shall not hear interest until after 1-.":J. Sec. 4. Stock created bv this act to be transferable only in New York on books to be kept by the State, in that city, for the purpose. Si:c. 5. That tlie interest on such stocks to be paid half VMnW in Vovv VurL' On 1 t of Ininnrr :in.l tnla a.... , i. ..v.. V.l. ,-'.. A.'. V. , -Ulli IUI ' I w . commeneiiiir 1st Julv. 1-17 but to be nmul at the State Treasury should a demand not be made before - 1 I the expiration of thirteen months after it becomes due. Sec. 6. Gives to the bondholders the privilege of subscribing a sufficient sum, not less than two and a half millions of dollars, before the 1st of next Novem ber, for the purpose of completing the Wabash and Lne ( anal to Lvansville, and upon the payment of such sum as may become necessary ami required, to complete said canal, within four years, (to trustees to be appointed for that purpose,) the canal lands, and tolls and revenues of said canal be set apart and conveyed to said trustees, in trust to reimburse to said bondholders the sum thus advanced, and to pay the remaining interest on their said bonds, in the manner hereafter specified. Sec. 7. Prescribes for the choice of three tru-tees two by the bondholders, and one by joint ballot tf the Legislature. Sec. 8, Make it the duty, and empower the Governor to transfer to said trustees, the canal, from the Ohio line to Evan-wile, tolls, rents, and all appurtenances, and all the lands granted for its completion, by them to be held in tru-t tor the uses and purposes followi n i Ii It i. the oarment of all sums Üiat mar have been advanced for the completion of the canal, "and to the payment of Work, labor, materials to be done and famished in the completion of tbe canal. 4J. The balance of such proceeds, the revenues of said canal on to 1st Januarv ISüSf, alter paying repairs and expenses, to be ajtdied a. follows, to-wit : 1st. To nav interest at the , ,w "i - rate of six per cent, per annum on the amount adraaced under this act for the completion of said canal. or upon so much thereof as may remain unpaid; and, the remainder, (if any) to be applied to the payment of principal (if any) of the sum thus advanced. Xi. To pay in full to the subscribers DSaking such advnn ces. two and one half per cent, per annum on the principal oi ine Donos, tney may nave surrendered as aton saul. o. 10 pav in lull the interest at .) per

cent on the Special stock hereafter named, and to pay it being near the time for adjournment, he gave way the principal of said stock in full, first paying the in- for a motion to postpone the further consideration of terest and principal to such holders of such special the subject, to the second Tuesday in January, which stock as shall have aubsciibed to the advance afore- prevailed, and the House adjourned till In morrow, said. 4. To pay in full to any other holders of any You will undoubtedly have observed the pertinacity certificate of stock, authorized by this act, interest at with which some editors, particularly Mr. Bennett, of the rate of two and one half per centum per annum . the New York Herald, nnd a few letter-writers, pern the amount thereof. To pay the Treasurer of 1 sjst jn the assertion that negotiation- on the Ore -on

Bute any Defence on nsno, winch shall ne applied to the redemption of anv outstanding stock, created bv tnisact, ai tue pleasure or tue Estate; provided, that if the State becomes the holder of any such stock, she - a ... i ss a may either deem them extinguished, or outstanding,

t it a . .. it the revenues ot said canal liall be lnsuthcient tor all the aforesaid purposes, then they shall be applied pro rata among mose rni.ura uiereio, i-rst paying in full those entitled, and so on toties quoties. After 1st of January, 1853, an account of the tolls, revenues j fnI t nnd expenditures on such .rti.u of the canal as lies between Lafayette and the Ohio State line, shall be kept separate from a like account of the tolls and ex ' g penditures between Lafayette and Evansville; and, m that time euch reve nues ns mav arise from the firat naIIird portion (alter paying expenses, &c.,) shall he first applied to make up the full interest of i . l f- : C. v I ii i L IIa 1111 I nil i ii t aitii INJ i II: I'Ai'fim.r', uw., ) I five percent, per annum on the certificate of stock that may be issued for the bonds UOW outstanding and known as the Wabash and Erie canal bonds. If sufficient fr that purpose, it shall be apportioned and paid pro rata to the amount of said certificates; and if more than suu:cicnt, the excess shall be added to the tolls, &c, derived from that portion between Lafayette and Eranrville. and the tum thereof hall be aid as befre provided but, for the sufficiency of, said lands, tolls, or revenues of said Canal to pay the advances, aforesaid, or t discharge the interest, and to redeem the special stock aforesaid, or for the faithful application of the same by said trustees to said purposes, the faith of the State is and shall be in no wise pledged. Sec. 9. Pieviou to the mnjonj; of sail deed in trut, the subscribers to said advaiiCC mu-t pay over to said Tiu-tee ten per centum ot the amount uhscnb d! and thereafter, fTJST WlZ l". f tV" i in. nuiK) im f wsnmssf wa ibvisi o vi u uniii, t J T Mim nut exceeding five per rent at any one time ; and upon failure to do so within 90 days after such reoatsittoa, then : tu forfeit all sum previentlr made, and all pmuity m nt given by t his act; and fuit'ncr, if by ream to foifeit all sum pieviously made, and all pnonty i f paymint given by t his act; and futt'ner, if by rcasnn f much I i .. u,. to ssvsoee, the canal cannot re complete witiun the , lrid of four Vcari, all the lands am) property hereby giaut- j ed to said trus'fes !-h:tll reveit to the State. Src. 10. Kelates t. the duties of the tresteetl they shall take an oath, give security, t ike casigS of lands, canal, with its appurtenancca, make contracts for completion of the c.mal, repairs, keep an account of receipt and expenditures, make report to the Legelatmc, excit i -. a general supcnntendence over the canal, kc. Src. II. Arrepts the grants ol lands made by the (leneral Government by the act of the last CsBflSSt, and elsssiuea them into thre? classes. Pirtt clasa to be sold at a rate not exn-eding $2 f0 per acre. Second clas, noi exceeding 'J per acre. 'J'httd das, not exceeding 1 2. jx-r acie, and in no cast to sell for a leM puce than that fixed by the act making said grant. It also provides a lijtht of pre-empt toe tt art in I vittlm w' t , n cncri lniitli (. . r n it Insc than a ,m.ji iu nor exceeding one half secti n, &r . kc , fcc. " - J See. 12. VYhenevt rthe moneys advanced for the completion of the canal and the sierial stork aforesaid, shall be paid, arid the State shall have taken Bp one half of the stork (aatbOfised ts be issued by tins art) and shall assume the payment of live per rent, inteiest on the balance, and the state reserve the right teds it, 'ben and id that case the tru-fs cieated by tbe :ict aie to rease and end. Sec. 13. Tolls mid leveinu s of the canal to be applied to repairs, ke., Sad its ex'ensi.m until hi January, 1S47; from ttut time up to lt January, 1SÖ3, said icvmues alter paving expenses, &r shall be applied subject to the limitations of the Sth section Is the pnymsi t nf the 2 1 per cent, unpintided for by the State, on the puncipal of the surrendered bonds, f.utn 1st January, I 17, to 1st J.muary, 1 S. 3 ; at which time the deficiency if any1 of said tolls and ievenues to diSCSargS said intere:.t -ball le added to th unprovided for 23 per cent, on the principal of said bonds sunendeied fioin 1st January, IS4I, to 1st January, 1347, and the sum thereof shall be converted into the Special .t ik men tioned, the principal and interest of which shall be only payable out of said canal lands, tolls and revenues of said raual.aud foi which proper certificates to be issued; but, foi the rtdcmpfi n of said piuicipaf, 01 the payment of said leierest, the faith of tbe Mate is in no wise pledged. Bos. 14, Ifnfces it lawful foe an nthec pnnma than n bond holder to subscribe lorthe SOVaaes aforesaid, under certain conditions sod stipulations. Sec. l.Y Tho first Board of Trustees to fix time, pines, nnd regulation prescribing IS mode, of electing mbsi nunat trustees on part of subscribers. Ate Bee. 10 Tin- Malerest paid out of the fund created by the trust to be paid semi-ulinuallv en 1st days ol J 11111.11 nnd Julv öcc. 17, Gives s aMjoirity of trostecs power toact, sVc

ami may receive tnereon wnatever mteiest the reven- j new s of the reception of the message in England, mueaofeaid canal may pay ; providi 4 further, that terest upon that subject increases. bardie need taH

T? ri& of hi regulating the tarifl of mil, that niu at any linse eflablilhd b, ,Hld ba,d (,(Uii.u,, but Meli ball neVer be below the tariff of tolls established by Ohio on

nsrnerl of Rf,i(1 ca,,aL f , . .nrt, in. I rl Iia nnri'Jiniii 1 lifP CPf Kirt4 U T f f i I IM C II tf I - i llltl A HO I Llliuiiiurg 1 . 1 v - C3 reft. il1aöl)ingtcm OiTCsponbcncc. WASHINGTON, December 29, lSir. Monday Evening. Mksses. Chatmans : In the Senate to day, after he nsua 1 nreliminaries and some less important proreedil the Committ,. oD Commerce reported a bill . , . . . , ere i,nLr imp .lao oi 'xn- mo' .i n . .mifor tlie collection of impost duties making Gahnas 1 tea a port of entry, and providing for the appointment Df a CullCctor of ( u-toms, w ith a salarv of tw o thouj , , i r c -- - -- - i. u sand dollars per snnum, and fire Surroyors to be io- , r . J c icaU (1 in t,,e 'State wlth binnen I t 1060 Bach. By the unanimous consent nf the Seni ate. the bill was conidered, passed through its several 1 rea j- and o lh(J of Representatives i j concurrence. A bill, reported a few days since by .vir. Benton, for raising a corps of Sappers, Miners and Pontomers, 1 -A-as considered and ordered to a third reading. A bill, also reported by him. repealing the Act of 1 .,,.., c of 1842, abolishing one ot ' Oenoral, was taken up and j Mr. Hannegan offered t the offices of the Inspector passed the Senate. Mr. Hannegan offered two resolutions which lie over asserting the title to the Oregon territory, from latitude 42 de. toMsW. 10 mm , to be in the United . , us . States; denying any right in treaty-making power to 1 transfer any portion of snid territory to any other PAtion; and declaring that any such transfer would !e be a sacrifice of the honor, character, and best interests of the people of the L'nitcd States. Resolutions were introduced by Mr Cass, which also lie over, instructing the committee on Military affairs to enquire into the expediency of constructing a Ship canal around the Falls of St. Mary, as a necessary means for lake defence : also, as to the expedicn- . - 1 C 1" 1 i,. f I of fiainf a period of aa, ate which officers of th navy should not he required to perform active si rvicc; and to report what disposition should be made of officers not liable to be put on active duty. The Senate went into Executive session, on the announcement of communications from the President, of a nature requiring them to be so considered. On the doors being opened, the Senate adjourned till tomorrow. In the Etouse of Representatives considerable debate was had, of a character which indicated it was got up to kill time, and defer action on a motion to go into the election of a Superintendent of the FoldingEtoom. After the failure of several motions on the sul ject, the matter was referred to a special committee. There it Will probably be permitted to ret, as it wns shown from authentic data, that by disconnecting the office from mat of Door Keeper, the expenses of the II usc would be increased some live hundred dollars, or more A message was received from the Senate common iI cmUni b,U lmklnS Kerenue Distnct The bill was immediately taken up, and, with the ! promptness which has characterized tl is Congress on several occasion?, was passed through its several readinga, and returned to the Senate. It has probaiii. i i : i l . c .i . i . ' u,-v airt;iu ' lc '"re oi me i rcsiuem. jas 1 understand it is to be despatched to-morrow, by a special messenger, to tiie new State. A message was received by the House from the President, returning with his signature the bill making Texas a Judicial Ihftrict The resolutions from Massachusetts relative to our naturalization laws, aain came np in their order, for consideration. Air. Wa-hm-ton Hunt tiok the floor. in favnr nf ihoir rrftwum t,. .1 vr.l.-t rn,mltt. I question have been re-opened between the Briti-h Minister here, and our government. I mustarrain reC" peat nry contradiction of this rumor. I am satisfied there is not the leat foundation frr it. As the time approaches nearer for the nrrival of sreof the reception of the Mf iisngl in England, mest upon that subject increases. I hardly need tell Vou that it is the mst ahsorbinff you that it is the mst absorbing topic here and will continue to be, until the final result is determined i cnn assure vou however, there is no llinchinrr: all i l ands are ready to off coats a it,e horns," if necessary. Nei nd 4- take the Bull bv ver did a nation present ! the unanimitv that this does, at this time, on the sul - ject of our national Tights, nnd their threatened invnsion bv the l)ntih Government. Tiie committees in the Senate, who have charrrn nf mmm : , L I ZZ ZZ " . . " "4"""1" 41 u "J ( (ivn. Cass, are very busv and will be prepared tore j port in a few days; and I cnn assure von their re port will be rto-ht. The committee on Milit-.rv

j fairs in the House, are also very busy, working dav in-;and nio-bt and I nm ifi in 1 mm.rt . r.'..

. v 1 " - p-v- t, A i V days; and that tiieir report will come up to the ex pectation and wants ot the country. Vou may depend upon it, that Oregon will be as it already is, ours ; and unless I am verv much mistaken, we will have a good slice of Calif n is, be fern the session closes. The latter bv neo-ot.ation tie former by ponsession and defence. ours c, TIMOLEOX. Adjournment. The Legislature have fixed upon Monday the 19th inst. for the adjournn cat, sine die. Capital I'tinioliiiM'iitWe are clad to be able to state that a bill has Passed ,hc Ilousc Pf BspreaanUtives, providing that ' j " ( w tl I Jl V il juries may hereafter decide at their own option up on BUOStlluting imprisonment tor life instead of banein cases where the latter penalty is now by law imposed. Should the hill become a law Indiana is ahead of many olher Slates, in humanizing numsh msni The House yesterday afternoon was cnojfcd prinetpnUy in debatiof tibe Afmortiouinent BilJ, but did not COOSS to any definite conclusion. We poafnaSMi tlie publication of this dehnte and the ji ceed:ngs to make room for other matter n type. A ii; ! A oii,' I The members Of tbe Indianapolis Democratic "Glee Clobr are requested to meet, n this evenmp, at the Supreme Court Room, in the State HesjSS, at half past ei:ht o'clock, fr the purpose of tuning uj Uit-ir piies for the eighth of January. 07" Morrison speaks about out not netBSJ able to go into ropectuble company. It' we h.nl Iks brass, we rnioht he like him, prowling around and forcing ourselves into tneml)er's rooms and other places uhsra nre were not w inted, vtt;iiin(r m-wt pitciuly f r ollicc. We night aUo rarry a Stasea front on all occasions. We can, however, pet into company whose respectability is not IpHgrd by the mnountof plandftT directly and indirectly (jot Without latx.r. and by the amount of debts we owe. We preset t labor while we owe a dollar. We ask the indulgence of our readers f.r noticing tiie low riaag of Morrieon tins week. We promise them that wo will not get so low again. W S w ill touch him, if oecaaion ri'ipiires, in a dirft rent vein. n hWAW InoM tlie itn.lersipiied.on ih. jnh of rt-mhrr Uat an Innen"f afpiiaUci m Urn Bmn ss.i mk making iuB.i., i, SaiJU. KlMMr. of ae,f. feH Q or 3 im hri bigti, lifht hair a.akpf.UHtkutwy m.t,, und. r II. j4w . hU un whrn nr IHl hl o k cU tl, ur mi o h.. madeciua.jrai,. mm, mZZ ma ..n,i sSensh eap . k mK. w.üi o.r u, i i.r,i. . ,r h," nclMi.,Rrf r,4hri will) him , ml nwv rhan.r Hu m 11,1,,., hr.H, fy all ,K.r-u. ,4 ,., ,riul , ,VJ " ' hmtUm him .,, ,f UM. (lo , H , ,.,,,.,,,, ' ' "T hamU. An whl, mU ,,Mn ,,, , JJJ" JJ

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