Indiana State Sentinel, Volume 5, Number 31, Indianapolis, Marion County, 22 January 1846 — Page 2

Cfjc 3nötana Ccgislaturc. Reported for the Indian Statt SentiiseL HOUSE OF REPRESENTATIVES. Wednesiut, Jan. 14, 1343. AFTERNOON SESSION. Public Debt. : T Houh resumed the consideration of the bill pending at the last adjournment ihe question being on reconsidering the vote referring ihe bill to the people.

Mr. Clymer Mid, he had mane more speeches than . . 1- a ..- others, but ha rose to lav aome additional information

before the House. He had not toot hed the merit of the ilr. Carr moved to reconsider the vote taken Cn bill. Ha had pledged himself that if thie amendment the amendment olTered by the gentlemm from Elkwere adopted, he would aupport the bill, here and else j,&rt Jlr. Clymer, referring the question to the peowhere. The friend of tbia amendment were called je . whjch mo,ion did not prevail, nve 42, noes 47. demagogues, and the gentleman from Knox had 'd,hat Mf M(Jon Q amend m th'the 8,(a demasroeuea wotild lake up the bill item by item, anu in , 411 , , ,. . , . . oemagogTiea ww.u " .-,;,r it if tn r.f,, select " one trus'ec " and the bondholders one," mthia way prejudice the country against lt. II 1 trier 1 . e matter ftbis magnitude 10 the people, be to act the- , stead of two as provided for in the bill, and further rf.m.rn.ii. then he waa willinr to be so designated amend in its proper place. 8 thit the trustee on

He confessed that he waa uninatructed. Mr. Cfymer here read an extract from the speech 01 Mr. Butler, the agent ol the bond holders, at : Terre-Hsute laat aummer, where he envet that the bonda of Indiana were Dot held bj the Darings and Rothschilds and other rich men of England, but by widows and orphans, who were at that time suffering fur bread. He asked, if auch were the fact, how would this bill meet the interest of. auch bondholders, when it provided, that before they could avail themselves of its advantages they must ad vance to Indiana two millions and a quarter 01 ooiiarsr He was no repudiator; he felt (or the interest of the class of individuals last mentioned. lie had another matter to peaa, the noi Ol a promise nan wen onereo to a memoer, imu llici o iniiQi nuaiu - """ """ I " ft for the bill Mr. Sec rest

Ill ....l V. ..till vt ininii lin(J .'ui wished gentlemen would locate their ' 11,11 lijnrhn.an . Huff. Julian. Kerr. Ler. Lemmonds.

svreepin-charges. fllr.Lljmer said, l.e ma not impugn tue mouves 01 members. lhe ouer waa made to a member, ana not ey member. Mr. Setrest aid, the gentleman from Elkhart had pledged himsell on jesterdny, to vote for the bill, if hi amendment were adopted ; but to-d.iy he snvs it is a bill to chest widows and orphans. Mr. tlazelrig; said, that thoae who voted for the amendment would be bound t" vote for the bill; f r if they voted against it after this amendment was adopted, it would be distrusting the people, and in this way the bill might be passed almost unanimously. Now, he put it to the friends for consideration, whether it would not be belter to pass the bill unanimously, than to pass it with a meagre arid bare majority ; for if thus passed, the people would dis-J trust the measure, and it would be made so odious that a Legislature might be sent up here, that would so clog the operationa ol the law as to make it entirely nugatory. He cared not who held our bonds. It was understood that many of them were held by trustees for the benefit of widows and orphans. Dy this bill we would pay two and a half per cent., and this, he conceived, would be greatly beneficial. So far as the other two and a hall per cent, was concerned, he doubted very much whether anv thing would ever bo derived from the canal. Mr. Vandeveer t"ok the same position, aud proceeded at leng'h to defend the amendment. Mr. Nelson had troubled the House as little as any ther individual. Himself and colleague represented 3 00 voters. Charges had been mde that he was sorrv to hear made. He, when the system of improvement wak adopted, was a classifier. He was then called a notlifier. This charge was incorrect. Now, when he could not go the whole length, he was called a repudiator. Such was not the fact. In 1331 a law was enacted to locate the seat of justice of Carroll county where a similar provision, releriing the matter to the people, was contained in the bill. Here was one precedent and gentlemen had told him of others. He asked, is all the intelligence of the State congregated in this body? He believed not. There were thousands of men in the State, as well qualified as members of this House. Gentlemen had told us that now was the accepted time that this was the day of salvation to the State; that the bond holders would fly away if we refused to adopt this measure. ' In this, gentlemen were mistaken. They would be here next year. We need nt rare if they took their departure to the moon. He was something of a military man, and he knew that it was much easier to get into difficulties than to g-t out of them. If this amendment were adopted be would vole for the bill and he would support it at borne. Mr. Thompson said, that the course the friends of the bill were now pursuing was calculated to drive off member from its support. Did gentlemen believe, that a Legislature could be returned here next winter, with pow er to repeal this bill ! I hey must be more ignorant than I he believed them to be, if they sincerely entertained such sentiments. One gentleman said, thht if this bill Ui Vfl iir v ..v.i.iu i.. . ;i fi lit. v .iiv piau. of lands from Congress. That gentleman was a grtenham in Legislation. He asked gentlemen to adopt the sentiments of the gentleman from Boone and come up with unanimity and pass the bill. Mr. Sleeth did not rise to m ike a speech. He wished to state briefly his course in reference to the amendment, and in the outset he would state that he was in f ivor of it. The friends of the amendment had been charged with being repudiators ; they had been charged with an intention to act the demagogue He was no repudiator. 1 .l. e .i. ti:. ' He was in ftvor of paying the debts of the Stale. His constituents were not informed of the features of the bill. He understood the general features of the bill and was in favor of them ; but the general tendencies of the bill, in its details, he was unacquainted with. lie wished it referred, that hn might examine the bill with his people. He agreed witn the gentleman from Perry, that the friends of the bill wi re pursuing a course to drive votes from the bill. The agent of Ihe bond-holders came up here with his plans well matured ; he wished to examine thprn If Ihe bill was a good one, he wished to preserve it, and that it might become the settled policy of the country. In this great question he was proud of having a vote refening this matter to the people. It was not an j illegal proceeding. The question to be referred to the ' people, w us nni, winner niej wouiu P"J ",0 uem or repudiate, It waa whether they ould enter into this particular contract. They were not in favor of repudiation. He said, that a lew years since Pennsylvania rrlerred a question of similar importance bark to the people. Ilia constituents would not say be was a repudiator, for the course he was pursuing. They knew him ton well. Tbe question waa now taken on reconsidering the vote and decided in the affirmative, ayes 55, noes 37. Sir. Ilazelrigg moved to amend, so that all the vo el not giren for or against the measure, that are cast for liorernor, shall be counted for the law ; which amendment was not adopted. Mr. Secrest hoped the amendment of the gentleman 1 . . -L-.1 .1 II . t- - J-l. I from Elkhart would be withdrawn, when he would offer an amendment hat the hoped would produce harmony,

no gave an outline, or me proposumn, which was, mai R,,Iroad Company ; passed. the canal should go for half the debt and five per cent. , Mr Akin ffom lhe ,,me commit,eet ported bark the bonds be. executed for the other half. biirmcorporati. g the Madia -o and Napoleon turnpike comMr. Clymer said, this was a new proposition. He' . .

hoped it would be printed, and the bill laid over until to- ' tr . II....J . i . Ä. i ,. . ,i morrow. II Hinil I a IU III LPHL Ul 1111 fTLI?HLIUIl IIH would go for the bill. Mr. McDonald warned gentlemen not to vote for any bill that did not refer the matter to the people. Mr. Clymer refused to withdraw the original proposition referring to the people. The question was now taken on the proposition referring to the people and decided in the negative, ayes 41, noes 50. Mr. Secrest then offered an amendment, providing that . the Sta'C shall have tbe power to call in her bonds, and snail issue new ones lor one Dili me amount, at o per cent to be paid out of the revenues of the Male, and canal certificates for the other half the holdera f ibese certifi cates looking to tbe canal alone for th ir redemption giving the State the power, at any time, by paying these certificates, to take back the canal, in the following words, la wit: It shall be optional with the State at any time bereafter, lo rail and require a aurrender of te outstanding stork, issued undei tbe first section cf this set, by giving to the holders of such stork, a new certificate for tbe oneha!f of the principal tberef, to bear an interest at and after the rate of fie per centum, and which principal and interest sha'l be payable and redeemable by the State out of the revenues thereof, tbe principal to be payable at the pleasure of the State, and by giving to such holder another certificate for the other half of tbe principal of auch stock, to bear a like interest of Ce per centum per annum, and to be paid and redeemed, and only paid and re-; deemed, out of said canal IsnJs, and the tolls and revenues of said eanal, as provided in the 8th section of this act- And from and after the time that the State ahall ca'l in said stock, issued under the first section of this act, and ball isaue new certificates aforesaid, the Slate, it faith inj rerenue shall be only pledged aid responsible for the payment of tbe one-half of said principal and interest, at the rat of fie per entam per anoam ; for the other half of liii principal end interest, the holders of said certiScat sball look solely and exclusively to slid eanal lands, and lb, toll end revenues of eakl canal, a provided in the I J section aforesaid of this act : Provided, however, Thar tbe 8ut shall have the option of redemi'g said canal certificate. ot of the mtosM o aiJ 8ut, ja the um manner s If this section were not adopted : And jtnvided furlLtr. That the excesi of the revenues of aid canal Und, and Uli and revenues of IJ canal, over-paying said interest c( five per cent par annum on ail canal stock, (if scy there be.) shall U applied to the redemption and absolut retirement of said canal stoct. 11 r. McDonald opposed this amendment as worse than the bill riselt . , Mr. Secrest explained lhe provisions of the amendment. Tbe difference between this and the original bill was U re. lieve tbe plighted fith of one half the debt. It would make the bill betttf understood. Tbe diacosttoo. waa continoed by Mrs. Clymer and flb-y. MO Carr remarked, thai in justice to those who bad not

the power to steak for theirs lve be bad offe e-1 ibia proposition io the conim ttee. and it waa vuted down. Mr. 8ecrest said, that the committee had voted down the proposition of Mr. Carr in committee, becsuse it waa ascertained that Mr. Butler would nut then accept that prnioiiion. He would row do an. - Tbe question waa then taken n adopting the amend ment, and decided in lh affirmative; aye fl5. noes 7. Messrs. Carter, McDi aid M irk le, NvUon, Riley, Shank

and Toroer. voting in the negative. J Mr. DavU moved to amend, no that the Legislature reserves the rirht t repeal, alter, or amend ; Lieh . W8S not nuopieo, acs ,u, notn vv. . i . j - . r the part of the State, and the trustee on the part of the bondholders shall select the third, who shall be 'governed in all respects by the provisions of this act ; 1 ...i,--, Mr. Fennington moved the previous question; which beiny seconded, was put, to wit : Shall the previous question be now put ! and decided in the affir- . tnative. The question wrs then taken on the engrossment of the bill and decided in the affirmative, aves 57. !nfw,H oa Arts, Messrs. Dnkei, Bowman. Dnimfitld.Crmcron, CarnJ,n Chambers, Clemenls. Coffin Cookerly, CornI 1 1 IIS), ÜH, U'lif, Dowlinj, Edward:, Ellis, Endi-ott. Fuli... ii.ti r n;i..nn imi r iv..n 11.10. itu.iri. ' Lewis, Logan, M'Rae Met k-r. Monroe, KofTiner, Oborn 0, Laportc, CMmm of Sullivnn, Parker, reni.ington, Porter R0t,insn, Rou.senu, Ruby. Seawriht. Serrest, fclater, tanheld, Mupp, Mewnrt, led lord, I liompwon, Tomlinson, Watt, Webber, Wilson of Marion, Wilson of Solivan, Wise and Yortim. 57. Nors. Messrs. Arnold. Hlaekwell, Carr, Carter, Clym"t, Davis, Ferguson. Ford, Henry llenton, Jackson, Kimlierlin, Leyman, M'Cormark, . M'Douald, Mickle, Mooney, Nelson, Riley, Rippy, Shanks. Sleeth, Smith, Taber, Turner, Vandeveer, Webb, Wiley, and Mr. Speaker. 23. SENATE. Tbcrsday, January 15, 1846. Tbe Senate assembled. The following bills were tAen up read the third time and pissed : To divorce Robert Hemphill from his wife. For the relief of Indiana Young, a divorce bill. For the relief of Mary Ann Bruner, a divorce bill. Bill in relation to apprentices. Bill prescribing the mode of advertising sales of lands mortgaged to the sinking fund. For the relief cf John Scott and others. To increase the common school fund. For the relief of John U. Parker. To divorce Lina Lomax from her husband. Mr Ellis introduced a bill to legalize certain sales in Tippecanoe county; which was read three tines and psssed. The bill to provide for the funded debt of Indiana, and the completion of the Wabash and Erie caml to Evansvil'r. hei' g the special order of the dry. Part of the forenoon was consumed in the consideration of amendments suggested by the committee ; which did not materially 1 fleet the bill. Further consideration was postponed to 3 o'clock this afternoon. Reports from Standing Committees. Mr Morphey, from the committee on the judiciary, reported ba-k the bill of ihe Houe f r the relief of Thomas Daniels and William Daniels, executors of James Daniels; psssed. Mr Ellis, from the same committee reported back the bill fr the relief of E. J. Peck, which passd Mr Divis, from the same committee, to amend certain portiona of the Revised Statutes in relation to the duty of. treasurers ; parsed. Mr Logan, frwm the same committee, reported back the bill in relation to publishing certain atatutes in papers at Indianapolis. Mr Pomeroy, from the same committee, reported a bill divorcing Henry Chase of Cass county from hia wife Elizabeth ; passed. Mr. Winrhell from the same committee, reported sgainst the expedieacy of legislating in relation to writs of ad quod damnum ; concurred in. Mr. Henry from the same committee, reported tbe bill foi the relief of John Patterson of Uaone county ; passed. Also, amending sections of the Revised Statutes of 1843 in relation to allowance of fees to sheriffs; passed. Mr. Berry froiu the committee on EJucation, for the relief of James Mace ; passed. Mr. Logan from the committee on Claims for the payment of damagea lo Mary Wood and others fir injury done to their land by the Jefferscnville and Crawfordsville i roau ; passed, The Sena e then aJpurneJ. AFTERNOON SESSION. Bills Passed. To divorce Arthur C. Williams. For the relief of the heirs of George BrackenriJge, deceased. For the relief of Jacob Whisler, t divorce bill. For the re'ief of Henry B. Smith, a divorce bill. A resolution of the House resolving to go into the eleclion of State Ager.t to-morrow at half past 6 p. m , was taken up and reciprocated. The bill for the relief of Victor and John King, iJi-n aD and passed. was . 1 Mr Jones introduced . bill in relation to the canal scrip issued for the construction of the Wabash and Erie canal west of Lafayette ; read three times and passed. Mr Handy, from a select committee, reported back the I bill to incorporate the Kuighuiowo and Shelby villa Railroad t which passed. I Mr Montgomery introduced a bill fr the relief of, Adam Firtbough ; which was read three times and parsed. Mr Uerry of r ., from the committee on corporations, reported back the bill incorporatii g the South Uend roan ufaeturing company ; passed. Mr Cuppy, from the same committee, reported back the :.,;nl resolution in relation to the Buffalo and Mississippi V "nT r"Mr Minor, from a select committee passed. reported back the - ' j um n iaiivciu luo jujci i3uis iu vanun iuu vuiuuu ' nlllihdl . l:ii - i..:... .k. u .. ; : f ... . i .1 o i : The State debt bill wss taken up. Mr Buell offered an amendment, that until there is a surrender of one half the State bonds (except hank bonds.) the Governor shall iot convey by deed ihe Wabash and Erie canal, ita lands, tolls, &c. Which elicited considerable discussion, in which Messrs Ellis, Winchell, Davis, and Zenor participated. The debate w;'.! be given hereafter. While tbe discussion was pending, a message was re ceived from the House by Mr Pennington, a member, an nouncingthe pesssge of the House bill, providing for the funded debt of Indiana, and for the completion of tbe Wabash and Erie canal ; and tequelii.g the concurrence of the Senate. Mr Hrrriman moved to lay Ihe bi'l and amendments nn der consideration on the table; which motion prevailed, yes 26, noes 21. The bill reported from the House wis then read, when the Senate adjourned. HOUSE OF REPRESENTATIVES. Thursday-, Jan 15, 1946. Mr Kimbetlin introduced a bill explanatory of an act therein named which was lead three times and passed. By Mr Julian, a bill extending Ihe time of holding courts in the sixth eiicuit; resd three ties and pased. By Mr Tedford, to authorize the treasuier of Richardville to sell delinquent lands; passed to a second readirg. By Mr Secrest, allowing the secretary and auditor compensation for issuing canal laud patents j patsid lo a second reading. By Mr Paiker, to amend levised laws, giving three years to ledeem canal lands tefened to the judiciary committee. By Mr. Seawright, to amend an act m relation to tbe location of a road i passed. By Mr Otborne of Laporte, for the relief of Andrew Richardson i passed. Bj Mr Jackion, to pro ride for tbe appointment of towos bip assessors in Tipton passed. Bj Mr Chambers, to divorce Raw ley M'Kay from bis wifej passed to a second reading. By Mr Clymer, for tbe relief of E F Lucas, &c; read twice and referred. By Mr. Yocum, declaring a county road running through CUT and Putnam a State road j passed. By Mr Lowe, for ibe relief of Rachel Blair, fccj pined. petitions etc. were presetted by Messis Tomliusun, Powers, Mückle, Carnao, Clyniei and Conduit which were referred. . Revenue Bill. Mr ffeciest reported a bill to nise the revenue for 1348 The geoeial amount of tax to be levied on the hundred dollars is left blank, in order to await the action of the Legisatme on tbe bill in relation to the public debt. It piovides (ot a tax of one cent on the hundred dollars fur a Tuoatic asylum, five mills for the deaf and dumb asylum, and two mills foi the educaiion of ßt blind. The bill was committed to a committee of the whole for to-moriow. Ml Lowe, from the judiciary committee, reported sgainsi the eipediency of establishing s Uislrict court in the eouo-

ties of Marion, Allen sod Tippecanoe and tbe bill on that yesterJsy. He exhibited several tables containing calcusubjeet waiindefiniely postponed. Mions.by one of the best biathematicisns of the Slate. Ihe bill for the relief of Raf us A Lock wood was read a .howinf; lh.t in 55 Je,r, nnJer th, propow-ti0 tiki thTh 'bill Äg that where agreement, are made for ifl'S '"Ti inte.esr . t exce. di..g ten per cent . six per cent, m.y be 'ch had been estimated at 1 174,000,000 and 184.000 allowed, u Jurfgmmts fr tbe same, i.e.. w.t reaJ a second P0'-. whole debt, both interest and principal, woutd be time, and on tbe question, shall the bill be engrossed t it 10 "j P'd in 55 years, witboat taking into account anv in-

wa decided in tbe negative ayes 20, noei 63. The bill to piovide for ihe better l arment of the mort Z-f to the university, and other trutt funds, was read a third time and pased. Dei and Dumb Asyhtm. The t ill of ihe Senile, ptovidiwg fur tbe permanent location of the Deaf and Dumb Aylum at or near Indianapolis, and fir the purchase of ibiity acres of land at a cot Hot txceediiig $3.000. was read a thiH time. Mr Thump on oppo'ed tbe ti:l wri-iymer wotua vote sgaiusnne locanon 01 toe asyium In any other rait of the Stale. He resided one hundred and fifty miles from this city j but a location here would be ender tbe immediate eye of the repiesentatives of tbe people, who could cmy home the glad tidi.,. of Ihe advancement of the pupils to their fuends, and tbe friends of the institeti n, in eveiy portion of the State. Tbe institution was one of the most benevolent character, and one that enlisted tbe best feelings of the human heart. Mr Lowe said, tbeie wete papers, which be could not ly 1. - 1 1. . . .1.:. . : k;.k t.- A - .1 . . . - t . .1 I . uia nanus ou at ..... u.,.c, w u i.au Ui.Hi..ru lauiri nijH lerionsly. in relation to a Ideational Bloomingtnn, sad be believed he could show that the institution coulJ be utained, at Bloomingtuo, at one half the expense. In the institution now at Bloomington, there would iu a few years be more than 400 tu li nts, from all pans of the State, who could cairy home the news of he success of the institution for Ihe educali n of Ihe deaf aud dumb. Indianapolis was a great resort for pIitcians. But Bloomingtou was the great rcoit of literary men, and those who look most interest in education. He conteiidi'd that Bloomiiigtnn was far ahead of Indianapolis in point cf beal'h. Indianapolis was emphatically a sickly place, in comparison with the htzh land. The low lands on White liver were all sickly, lie ouM not live in Indianapolis in tbe summer, if they would make him Governor of the Slate. Mr Webber could not conceive why the gen'leman had so much opposition to Indianapolis. In li mapolis, he believed, had some claim'. Where, he would ak, i the St ite institution, that his been looted at li dianaiolis Even the penitentiaiy bad been located in a different part of the Slate, lie then proceeded to ihuw, that the deaf and dumb institution should be located at Indianapolis, in consequence of the facility of examination by members of the Leislatuie and ot.r. He conceived that the gentleman had urged oo argument that should pi event gentlemen fr:m voting against it. The feathers, in the institution, desired its location heie, aud be bellt ved their wUhes fhuuld be consulted. Mr Seawiight opposed a l.cation at Bloomington, and favored Indian oU. Tbe bill was well guarded, ai.d should be pasrd. Mr Pennington favoted the location at Bloomington on account of health. Sec. He thought the salaiies paid to tbe supeuntendents and teachers loo nih. Sec Mr Davis favoied Indianapolis. He bad beard of no com plaints of sickness at this place. The discussion was continued by Messrs Lowe, Clymer and others ; when Mr Lowe moved that the bill be laid on tbe table t which mction did not prevail ayes 6, noes b3. Mr Thompson moved to tecummit, with instructions that the asylum hall he located on ihe und pu.TDased Kr an in sane hospital t which motion did not prevail. The queiion va then Uken on the assage of tbe bill and dec.dt-d in the amimative ayes ix, noss iu. The bill for the erection of suitable buildings for the In diana hospital fr the insane, from the Senate, was read I third time ai d passed piovidirg for the erection of a srlen did building on Ihe faim purchased for that purpose, two miles west ot Indianapolis. Mr Moore repotted a joint resdution authorizing Hyi rinth Laelle tu sue the Mate for damages sustained in loss of boats, &.c . at tbe Delphi dam ; which was read twice and laid on the table: Mr Uenty leported a bill to enable Andrew F. Hetfield to build a bridge ; read twice and laid on Ihe table. Mi Baker, fiom the c. mmittee on canals and internal im prnvemems, reported a bill lo provide for the expenses of selecting and classifying the lands donated by Congress for the completion uf the Wahasb and Kite canal from Ter Haute to Evansviile which was read twice and laid on the table for examination. The bill for a settlement with Spears and Case was read a third time and passed The bill more fully di nning the nshts of landlords and ; tenan-s, relative to tenants holding over, was o.deied to be er.g'ossed. fhe bill to allow lh- teaehets of the deaf and dumb asy lum Ihe use of books iu tbe Slate library, was read a third time and oissed. The bill to piovide for the safety of the moitgages of the trust funds, was read a thud lime nl pissed. Mr Fuid iepoite? a bill to revive certain provisions of an act, &c, in telation to the WinchesUt and ii-tgerslown turnpike company ; passed. The bill in telation to Ihe bridge over White liver, on the Michigan road, was read a thud time and passed. Also, gtaniing citizens of Law.euccburgh a city charter, &c. . Mr Riler reported a till dt-finm a part cf the eastern boui.dair of Hancock ; hid on tbe table. Mr Thompson ofleie la resolution, a to the expediencr of Droeuiine new carpets for the Senate Chamber and Repre srntitive Hall, to be of American mannf icluie, and to pio vide for a new chair for the Speaker t which was ad apted Mr Hazeli ieg offered a resolution, providing that the j int rule of the two Houses shall be rescinded, which says, that no bill originating 'n one House, shall be snt to lhe other on the last day of tbe session laid over one day, Mr Thompson offered a resolution, lesrinding the artj mrnin resoluti n, and ptovid ug for an adjournment, tine die. on M indav. the 26th inst. stating, that the Legislature can aflVd to sit one week 1 -nger, at a dollar and a half per day. in oider to perfect tbe subjects of legislation now before tbe Iva HoUSrS, Mr Stapp moved to strike out M Monday, the 26th,M and insert " Wednesday, the 22d " when Mr Clymer moed that the resolution be laid on tbe table; ..a " n A which motion nievaiied ayes oo, noes 4i. Mr Hazelrizg introduced a joint resolution relative to nat-I . . ... t. ..n.. Ia EAUnnil a t , . i r. a. uranzai on iwj s nn-u ym - i-".",. By Mr Niifiinger, a resolution providing for night aetsioL; which was not adopted. Rv Mr Cookerly. a bill in relation to the five cent, dama ges in tbe sale of lands mortgaged to the sinking fund passed to a second reading. On motion, the House adjourned. AfTERSOON SrSSIO.V J5W PaseA Bills of the Senate relative to water power at Northport ; relative to term ot county auditors; to incorporate Port Fulton in Clarke county ; to authorixe recording road in S'euben ; to amend the act incorporating the Law, renceburgh t'd Harrison Turnpike Company; supple mental to the art for the relief of Nathan Borchfield ; to incorporate the Fort Wayne and Lima Turnpike Com; a nt to incorpurale While river Pirsbyterian church in Green count; ; to incorporate the Fort Wayne and Plymouth Turnpike Company ; relative lo claims for damages in the construction oi puoucworss; in maiion iu enu-ins-inioxk-atins: Imuor in Floyd ; in relation to the La porte county library; for the relief of the estate of Israel Phillips, late of Marion; to divorce William Blackford: to incorporate the Rockville an 1 Montezuma Railroad Company : to incorporate tbe Covington band j to extend thA nroviaiona'of an act tn relation to the election of school commissioner in Allen county; to extend the pro visions of an act to provide for a more efficieot mode of expending road tax in Kosciusko; for electing justices in Hendricks; f.rthe relief of Ann Evans; legalizing the record of county board of Marshall ; f.ir the relif ot Peter N.Clark. Bills of the House, to amend and reduce into one, several acta incorporating Vevay ; for the relief of Elizabeth Preston ; to authorize the Superintendent of the Wabash and Erie canal to employ an engineer; to define the channel of Turtle creek, in Sullivan ; for the relief of John Davie of Orange ; for the relief of Jacob EngsweIber; to provide for a settlement with the Superintendent of the State prison ; for the relief of county auditors, in relation te lhe amount of bonds. State Delt. The bill on this su'j-el was resd a third time; when Mr. Carter moved to recommit the bill to a select committee, with instructions to amend sa follows : 1st Add an additional section, providing that this act shall not take effect or be in force, unless tbe bondholders, their agents or attorneys, shall surrender up bonds, as provided in the first section, to the amount of eight millions of dollars, and subscribe lo lhe stock for lhe completion of the Wabash and Erie canal to Evansviile, as provided in the sixth section of said at t. 2d. Amend the 7th section, by providing that the State shall elect two of tbe-trustees and the bondholders one. 3d. Amend the bill by adding another section, providing, that tbe aalary of tbe trustees sball not exceed eight hundred dollars per annum. Mi. McDonald said, he hardly fill able to address the House; but this would probably I the last opportunity he would have, and he felt bound to discbarge bis duty. He said hastily, on last evening, that the amendment then adopted, was worse than the bill itself. He believed he would row he able to sustain that position. All would agree that a bond at 5 per cent, would be worth just twice aa mvh as a bond at two and a half per cent., nod it had been contended, that our bonda at two and a half per cent, would virtually reduce the debt one half, and in consequence we could go ioto market and buy op oar bonda at 5u cents on the dollar. Taking the arguments then advanced, and there would be no difference it would take just as much to redeem 6.500,000 aa $13,000,000. He . ... . . i " r r ..... contended in at mis provision was ior worse, ror in summon to the five per cent, stocks on the $6,500,000 there were also 5 per cent, eanal certificates for the oiber 6.500,000 lobe issued, showing conclusively tbat the amendment was for worse, and no better, even if $6.500,000 were struck out of existence that are ander tbe amendment, cbargeab'e lo the canal ; aJ if ever the people wished to redeem the canal they were just that much worse off. Mr. Secrest explained the amendment tbat was adopted on yesterday. He considered it highly advantageous to ihe State; indeed, much more so, than he considered it on

crease in polls and taxables, and fixing the rate of taxation

at 25 cents on the hundred dollars and 75 cents as a poll tsx. According to this calculation, ehou'.J the Stale dedermine to pay ibe debt in 65 yeara, after the year 1854 there might be a gradual diminution in taxation, in a ratio proportionate to the increase of the wealth and resources of the State. Mr. Secrest exhibited another table as follows t Bv appropriating- 2100.000. annua'! to the linnUaiinn T,. . ..7 . . ol the principal debi, alier paying the interest, it would uVe 130 years to pay off 8.13,000,000 and 65 yeara to pay cg-eg jQQ QQfl r ' ' ' f ' I '.. 1 t c , . , I9 roM ,n,er,ft P',Jb7 lh St. d of , 130 Ie" 00 lhe ebt of 13,000,000 would be at 2 per CPnt- . $21,257,51)0 .The gross interest ptid bv the State at the end of 65 years cn $6,500,000 at 5 per cent, would be 10 725 onn I . ' -tuuw . a lit nr to the State in the wav of interest of 10 662,500 In favor of the amendment adopted jesterday. If the State taxes should be kept permanently at the standard of 2 mills and 75 cents polls, and the taxes were not to incresse, the $6,500.000 would be paid off in less than half ihe ti me of the $13,000,000, and a further saving to the Stste would be effected. Mr. Carr said, he stated on yesterday, that he had introduced the last proposition of Mr. Butler in the joint select committee, and if any one was to blame, for Ibis ameniiineni, tne censure should tall upon him. Mr. M'Dunald explained. He believed the gentleman was deceived in the effi-ct of the proposition, and he censured tue Agent ol the bondholders, in throwing in 1 11 is proposition as a ruse to divide the Inends ol Hi amendment throwing the bill before the people for ratifi cation. Mr. Carr continued, and said, he wouIJ always be glad to be deceived in this manner. By the last proposi Imn every gentleman could at once perceive, that the plighted faith of the State was at once relieved from one half the debt. Ihe interest on half the debt is little over 337,000 per annum. He then proceeded to show w hat would be gained in interest alone, in the period of twenty vears. The amount of interest on one half I. 11. f - Äy.Trr nAo 1 - . me ueui i .1000 ptr mumm, w men in u years wouut amount to ;o,o-lo,l uu. lie had ottered the amendmen in the committee, aud had it then been adopted, he would, ftom the first, have supported the bill. But that proposition would not then be acceded to. This shows conclusively, whether, there is not a difference, ay, 1 wide difference, between the two propositions. He be lieved now was the time to sell the canal it was an auspicious period a golden moment that might never recur I he state would be relieved at once from half her indebtedness, and he was now prepared to go fur the bill. He thought the best interest of the Slate would be promoted by it. There was now a gleam of hope, that our entire indebtedness would sooner or later bo wipd out. It was but little mattet to him, personally, whether lie ever again entered these Halls. But it waa a consid eration, which impelled linn lo any sacrifice, to lake an humble part in restoring the honor and credit of the Stale, and be the means, in the end, of aiding in liquida ling the entire indebtedness of Indiana. In bis mind there was a great difference in the bill, aa it now stood, ana wnen it was introduced into this House. Dir. renntngton now moved the previous question, which being sustained, was put, to-wit: "Shall the bill pass ?" and was decided in tbe affirmative, ayes 61, noes Od. Arts. Messrs. Baker, Bowman, Brumfield, Carr, Carnan, Chambers, Elements, Condoitt, Cookerly, Cor nelius, Cruikshank, Dole, Dowling, Edwards, Ellis, En dicott. Fuller, Hall of G., Hall of W., Harvey. Hazel rigg, Herron, Hill, Huff. Jones, Julian, Kerr, Lemmons, Liogan, Lowe, IW Kae, Meeker, Monroe, HI 00 re, ISoUin ger. Osborn of Lanorte, Oisborn of Sullivan. Parker. Pen ningion, Porter, Robinson, Rousseau, Ruby, Seawright, Secrest, Slater, Sleeth, Stanfield, Stapp, Stewart, Tedford, Thompson, Tomlinson, Vandeveer, Walt, Webber, Hey, W ilson of Marion, ilson of tullivan, ise and I or urn CI . Noes. Arnold, Cameron, Carter, Clymer, Coffin, Coon, Cox, Davis, Ferguson, Ford, Henry, llenton, Hinchman, Jackson, Kimherlin, Leyman, Leg, Lewis, M Cormick, At Uonald, luickle, Aloonev, iMelson, I owers, Rilev, Rippey, Shanks, Smith, Taher, Turner, U ebb, W ilson of Noble and Mr. Speaker 33. Mr. Hazelrigg now moved that the vote on the passage or the bill u 1 reconsidered ; Much motion did not pre vail, ayes zz, noes uo. Mr. Pennington was directed to bear a message, con taining lhe bill, to the Senate. The House now again proceeded to the consideration of the orders ot the day, and bills were read a second time, and ordered to be engrossed, &c. The bill of the Senate, in relation to the right to vend liquors in Marion county was read a second time ; and un motion 01 Dir. veouer, reierrea to tue committee on the affairs of the town of Indianapolis. Mr. Dowling introduced a bill to establish a Land of fice for the sale of lands eranted bv Consress for the prosecution and completion of the Wabash and Erie ca nal Irom 1 erre Haute to Civansvuie ; providing, that the Governor, shall, in 90 days after the passage of the act. open a Land office for the sale of said lands, and shall appoint a Receiver, at a salary of $800 per annum, to give bond in the s'im of SJU.UOU for the laithful per formance of his duties the lands to be divided into three rates. 1 he hrst rate to be sold at fi.oi per acre ; the second at $2.00 and the third at $1.25 per acre. Actual settlers to have the preference over other purchasers, for one year, lor eitner cu or 4U acres. The bill was read a second time ; when Mr. Moore moved that Point Commerce should be the point where the Land office should be located. Mr. xnompsnn tnoveo mat ine diu oe lam on tne ta ble lor consultation ; which motion prevailed. The bill of the Senate leasing the Indiana State Prison for ten years at $-3,000 per annum providing for the erection of M.tchineiv the convicts to be engaged within the walls of the prison in the rolling of iron, See. the convicts not to labor more than ten hours. The lessee not to inflict corporal punishment; but refer to Warden of prison appointed by State who is to punish. The lessen to procure library ol Sunday tvenool books, V. the Warden to receive a salary of $000. The Warden to make annual reports to Legislature. Tho Governor to appoint lessee. Mr. Thompson moved to lay the bill on the table; which motion did not prevail. . Mr. Thompson opposed the bill, because the convirta were not to be engaged in the usual avocations of life. His opinion was, that persons should be kept at pursuits that would be beneficial to them after their release. Mr. Cookerly considered the bill as virtually selling the convicts. Mr. Dowling hoped the question would not be passed this evening; when, Un motion, the House adjourned. SENATE. ' Friday, Jan. lö, 184G. Public DU. The bill, from the House of Representatives, providing for the funded debt (jf.ils State, and for tbe completion of the Wabash and E7? canal to Evansviile on the Ohio river, was now taken up ; when Mr. Buell moved to amen J, so that the Governor shall not deliver up the canal, until one half of the full amount of outstanding bonos (excepting bank bonds) shall be cancelled by receiving iu lieu thereof canal certificates for said bonds. Mr. Lane moved lo amend the amendment by fixing the amour t of bonda to te arranged at $4.000,000. Mr Lane said, he made this amendment in tbe spirit of compromise. He believed that the bill would have the effect its friends ascribed ; but msny Senator seem not to understand its piovisiuns. He hoped conciliatory measures might be adapted, and harmony would characterize the proceedings of the Senate during the time this im portant bill was pending. He would compromise any thing but principle lo accomplish this olject. Mr Eilis said, be would not recede from any thing be ear 1 . . I a a bad said. lie was aa mucu a menu to tne mil as tne sen ator from Vanderburgh himself, if he could be convinced that it would have the effect that Senators assert it will. He believed if the friends of this bill refused the amend-xent of the Senator from Dearborn, it would be a recession from their own promises; they had promised that the bill would cancel one half tbe debt but now tbey are willing to take four millions instead of one half of the whole am unt. He adhered yet to his first opin ion, aud waa willing to take wiikin one million of half the debt ; but wished some security that eea this amount woa'd be received. Mr Chapman of L. said, tbi amendment was introduc ed to meet tbe provisions of the amendment off-red on yesterday by tbe Senator from Warren. The friends of his bill, during the lime it has been pending, have as serted that its e fleet would be to wipe out one half of the ndebtedness of Indiana -we wish now to ascertain tbe sincerity of their declaration. To make tbi fact tangi ble to the people, and place it in a nutiton that its provisions may be properly appreciated. Thia amendment abould accompany it it would then be plain and express not left to implication or construction. Attach this amendment and the bill woc'.d then bear upon ita bee tbe evidence of honesty, and the truth of ita import, that all might read. . If the friends of lhe bill are unwilling to adopt thia amendment, they must be considered as receding from their promises. This refusal, it Is obvious, will stamp hypocrisy upon their professions. The.ameadmerjt of tbe Senator from Vanderburgh doea not accomplish the ob ject he asserts that it will. It requires the surrender of

but four millions of dollars, and provides for new certificates of slock on tbe remainder, bearing the usual interest. What cfiVct will this have on tbe principal ! It is obvious that it will not in any manner be changed. But fifty yeara hence the State debt will be as great aa it is at present, instead of being wiped out as some Senators pietend to believe. This amendment will thoroughly test the honesty of the friends of the bill. Let the Senator from Vanderburgh withdraw his amendment, and give hi vote for the proposition before Ihe Senate ; then will we know that be is sir.cere in bis profewions, and out constituents will have it in a tangible form all its provisions can be fully appreciated. Mr. Edmondsoo was prepared lo- vote for the amendment of the gentleman from Vanderburgh. The bill provided for a pre ror subset Iption to the canal, of one half Ihe amount

jCl their bonds on the part of the holders. Tbe amendment ,of the gentleman from Dearborn would defeat the bill, because it was impossible for the bonds to be brought in in two 1 years. The bonds were scattered all over the world. Mr. Chapman of L asked, if Mr. Butler was not their gent Mr. Edmoodson replied, thst Mr. Butler had never pretended to represent all the bondholders, and every reflecting Senator would at once see tbe utter impossibility of carrying out the provisions of the bill, if the amendment is adapted. The bill provides, that in a settlement of tbe debt, one half the amount, bearing five per cent interest, shall be paid by the revenues of the State, and the other half by canal certificates, bearing an equal amount of intete-t. It provides, that if theie should be an overplus, ever and above dischatging Ihe interest on these certificates, it is to be paid back to the Sta'e. It is now contended, that this bill is but a bait lo complete the canal. This he denied. He referred to his course, in the other end of the capl'al, when the system of impiovement was adopted that with his fiiend from Harri-on and bis fi iend from Spencer, be was one of the ever gloiious eighteen that opposed that mcasuie in its passage. in tne uue ot Representatives, lie was sniprtsed to see Senators here, who went for the damning bill of improvement, the first to tepudiaie. The couise of the Senator from Laporte reminded him of an anecdote, which he related, Ihe force of which was, thai he had opposed Ihe measure fiom the outset, and was deteimined t do so to the last. Mr Chaiman of Laporte remaiked, that with regaid to the oft iepe:ted chaige of repudiation, he would make no reply. When the pi ope r time comes, he had a rod io pickle for gentlemen, which would be felt. It is said, tbat the amendment proposed in the Senate by the gentleman fiom Wanen, and which is incorporated in the bill of the House, wipes out one half of our indebtedness. He proposed to scan it, to see if this teally be the case. He referred lo Ihe scrtion of the bill that authoiizes an expenditure on the canal of two and a quarter millions and then proceeded to show, that this might be subsciited by the holder of one bi nd or of a million bonds, or any other sum to be in a pro rata pioportion of one half as a subset iption to lhe canal, and the other to be paid by the State. He asked tbe Senate to look at the deceptiveness of this propositi n. After the sub ciiption of $100,000, or $50,000, or $10,000, it is in the power of the State to call in the other bonds. He had heaid f popple calling spiiits fiom the vasty deep ; but hat never heaid of their coming. It is not until the new stock shall have been issued, tbat the faith of tbe State is no longer pledged. I bis bill is held up as a compromise ; but hold up this bill to a man in bis senses let him read it ; even if be had never read a law book in bis life and be would give it up if be had not placed a correct construction upon it. If Senators, who bad such a holy horror of repudiation wished to act out their professed principles, let ihem come up tike men and vote for the amendment of the gentleman from Dearborn. If any gentleman could show bim a solitary feature in the bill that looks to the wiping out the. principal of the debt, he woutd be glad to see it. There is no provision tbat interferes with the principal of the debt, except lhe one tbat enables the State to pay it at her pleasure- The subscribers to the loan for the completion of the canal are to be secured no mistake of that; they are to subscribe two and a quarter millions ; but are secured by an additional per cent, and have all the lands, sold and unsold, water rents, dec indeed, every thing, to ail intents and purposes. The session was drawing to a close. He bad expressed his views honestly and independently. If a majority should differ with him. it was, he believed, an honest dif ference of opinion and he would submit to the resu't with a tolerable good grace. But he believed this measure, if adopted, was more odious in its character, than the one which tbe gentleman from Dubois had the honor to oppose, and be was sorry thst a gentleman who stood by the inter ests of Indiana in that trying period should now be here advocating a measure more damning in its character. Mr. Lane craved the indulgence of the Senate while he said a few words more in relation to this important ques tion. The d.fference between himself and the gentleman from Laporte, be believeJ was an honest one. That gentleman believes this measure a bad one, and his whole course proves it It is a matter of history that Indiana is largely indebted and every one will admit that it is hon est to pay our debts, and every one will also admit that we cannot dj it Is it right to do all we can 1 If this is not denied, then no one will deny that it is right to make an arrangement with our creditors. As a matter of right, we cannot expect them to make any arrangement that does not contemplate the payment of the whole debt; but a proposition has been submitted to us, and we are asked here, in a spirit of compromise lo pay one half the debt the bondho.ders looking to the canal for the other half. But suppose that all do not come into this arrangement that only five or six millions of our bonds are thus surrendered, does not every one see that it is fair and honorable tbat we are doing all we can do for our creditors. In proof of our sincerity we raise the taxes of the people fifty cents on the thousand dollars, which is as much as the people are able to bear; tbis will discharge the interest on one half the debt, and the bondholders will have the canal for the other half. He believed be was able to show Senators that the gentleman from Laporte had not investigated thia question thoroughly. He believed be was sbie to show that tbe whole debt would be liquidated in 50 years without an increase of tsxation. By the last amendment, adopted by the House, there would be a saving of $10,562,000 over tbe bill as at first introduced, should we determine lo wipe out the principal of the debt He asked, with much feeling, is it not the duty of Senators st onco to meet the question in a spirit of compromise between the State and he; creditors 7 Much bsd been said about the canal, and Senators were disposed to blow hot and blow cold on this question. Sometime the canal was too valuable to be given up at others it was entirely worthless. All he would say was this : He was willing that tha hold er of our bonds should take the canal and complete it. mr one half tbe debt Tbe canal would be of incalculable advantage lo the farmer and the commercial men of the country. It was tbe interest of lhe farmer particularly that tbis canal should be completed, for instead of keeping the product of the soil io his barn, his crib and his smoke house, it could be speedily sent off, and not suffered to remain, aa was now the case, until the whole products of the mighty valley of the Wabash should st once be sent to- J market, and by their amount offered for sale at once produce a great decrease in their" price. Every reflecting mind was convinced lhat the Wabash and Erie canal stood hundred per cent, above the great work of Illinois, which be by no mean wished to undervalue. It was oncer and afforded a more direct communication, for by that route you had to traverse the great bends of Lake Michigan, in the northern latitudes, a thousand mile fur ther than by the Wabash and Erie canal. By that route, the distance from New York to St. Louis was a thousand miles greater than from the same city to Evansviile! Every gentleman would at once see tbe superiority of our rsnal, over all others, as a connecting link between New York and New Orleans, two of the greatest emporiums of the world. Besides, by tho Wabash and. Erie canal, the intercourse is safer and speedier, being a full thousand miles nearer in distance, besides avoiding the somewhat uncertain navigation of Lake Michigan. Mr. English had been from the first in favor of an ar rangement, and had been told that the canal would be taken for one l.alf tbe debt. If this were the case, he could not see why gentlemen should object lo the amendment. If the Stale was to be relieved from one half her indebtedness, he waa for having it clearly expressed in Ihe bill, so that there might be no mistake. He wanted to be able to say, when ho went home, that one half of the debt was paid off. To effect this, be would vote against a pledge he bad given last summer, not to increase the taxes. He wished to see the old bunds of the State collected together and destroyed. When this was done we would all know exactly where we stood. Mr. Lane was now willing to modify his amendment, so that one half et the bonda shall be surrendered before the law shall go into eflect. Mr. Orth contended, that until one half of the bonds were cancelled the holders looking alone to the canal for payment he could not go for the bill. This bad been bis course from the commencement. He contended that he waa a friend to the completion of the Wabash and Erie canal to the Ohio river. He had ever been a friend of the canal nn the floor of the Senate. He was a friend too of paving the debts of the Stale, as his votes would show. He then read from the Journals to prove that Mr. Edmonson had been inconsistent in his profession! of friendship towards paying the debts of the Slate, and read an amendment offered by Mr. De frees last winter, that was voted down by a large majority, increasing lhe taxes to twenty-five cents, which he voted for and Mr. Edmonson against He also exhibited the vote on amendment by Mr. Defrees, on the joint resolution against repudiation introduced by Mr. Akin, where the Senator from Dubois and himself took different positions. Mr Edmonson replied. He said, the amendment he voted against laat winter, waa mere words there being no substance in it; and in his whole legislative career the gentleman could not show where he voted for a greater lax than twenty cental and he would not vote for an increase over that amount now; but to carry out tbe proposition now before the Senate lhat pays off half our debt He asked Senators to look at tht course of the gentleman from Tippecanoe in disbanding the committee. Now, when there is a prospect of settling this question, tbe gentleman comes forward with loud profession! of friendship for the canal.

Mr. Lane remarked, that the Senator had said, that be waa friendly to the completion ot the Wabaeh and Erie canal. He wished to judge that gentleman by his works. He then read the amendment of the gentleman from Dearborn, which in eflect requires, thst every dollar of the State bonds shall be delivered up before the canal can progress. He wished to see the Senator from Tippecanoe passing along the line of canal, next summer and aking the votes of the people, after supporting such an amendment. They would be fools indeed if he could gull them with such friendship for their canal. The amendment provides, that every dollar of oor bonds shall come in before operationa sball commence. He ia a lawyer, and, it is said, a good one, and it would be bard to make the people believe that it ia not his wish to defeat the canal both now and forever. How can the gentleman say he is in favor of the completion of the eanal when hia every vole will show that be has always been opposed lo it Mr. Coffin said, he held in his hand tbe amendment as offered by the Senator from Dearborn on yesterday, which only contemplates tbe delivery of one half of our outstanding bonds before operations stall commence on the canal. He waa a friend to the canal not one from the teeth oot, as was the case with some gentlemen not like tbe lamb in tbe guise of the lion. He then proceeded to show the entire fallacy of the argument of the gentleman from Tippecanoe, and the perfect inconsistency of a friendship tor the completion of the canal, with the -position he now occupied on this floor. It waa impossible, under the amendment lhat gentleman supported, for the canal to progress, until every bond should be brought into the arrangement. Indeed it settled lhe fate of tbe canal at once and forever. Yea, strange as it may appear, a scene occurred last night, in secret caucus, by those having such a holy feelingtor the canal, in shaping an amendment to deleat it. He did, in the language of a member of the House, wish to see a bold rascal not rne, that cornea to you as a wolf in sheep'a clothing, for who will not believe that amongst the many vessels that have been lost upon the ocean there were not aboard men having the bonds of Indiana in their pockets? He asked, what was the course of the Senator Irom Tippecanoe last year, in reference to the can il i He was dead set against it. If gentlemen ate the friends of a compromise let them come up lo their agreement on yesterday. If Senators regard the canal as a mere local measure, let them vote against it. If it will not pay off half our interest let them vote against it. The people on that canal, even w hen completed, will, in a tax on their commerce, pay one half the debt of the State entirely, and they will bear an equal proportion of the rest of tbe Stale in paying the other half. Mr. Buell said, that it was necessary to make the amendment more explicit. It only required the cancelling of one half our bonds. That if the the bondholders would take canal certificates for one half of our bonds the canal would be delivered up. Mr. Rockhitl, showed, that if one half of the bonds would come in, under this arrangement and new bonds be issued for one half, bearing five per cent, interest, and canal certificates for the other half, it would be an earnest to the bondholders and to the State, that the whole would eventually come in. He showed the extreme hardship of compelling bondholders who might be disposed to come into the arrangement, lo surrender the whole amount of their bonds for canal certificates. The effect would be, that the remaining bondholders who held back, would derive all the benefits from the increased taxation and the payment of the five per cent, bonds by the State. It would afford an inducement for the bondholders to bold back, that would forever prevent any arrangement from taking place. Mr. Reyburn thought, lhat the proposition, as set forth bj the Senator from Allen, was so fair that no man, having the interest of his country at heart, could go against it What feelings had gentlemen tor the poor bondholders, that would require them to take canal certificates for the whole of their bonds, which would be the effect, unless all the bonds should at once come in. He believed, if we rejected a proposition like this, the dark stain of repudiation would be justly affixed against us. Mr. Hollowsy'said, he stood on different grounds from other gentlemen on this floor. He had always advocated

the payment of the whole debt of Indiana. He wished , to meet he question as it now presented itself. He did ' not regard it as sn offer of the State to the bondholders ; but an offer of the bondholders to the State. He then read an extract from the Indiana Democrat which says that the canal is to be taken for one half of the debt, &c. Is not this the proposition 1 It waa so regarded here, and j also in New York, a extracts from papers in that city 1 would ahow. He wished to have tbe whole matter or contract fairly and fully understood. He did not believe the hole of tbe bondholders would come into this arrangement He opposed the operations of the committee from tbe commencement, because he believed from the first that they would bring in just such a bill as has been reported. He believeJ, tbat but for ibe operationa of that committee a plan would have been devised for the payment of our debt It might be said that lhat committee did not prevent others from acting. Thia was true. But they embarrassed the whole question in such a manner that it was impossible to act He believed that the passage of this bill would entail a greater curse than the adoption of the system of internal improvement itself. He believed tbe Wabash and Erie canal would never yield one per cent The bill is a proposition of the bondholders, not the offer of Indiana. Mr. Lane had only a word or two to say, in reply to the gentleman from Wayne. He had too much confidence in that gentleman's intelligence to believe him sincere in his arguments, or he had made op bis opinions very hastily. He says he sees no difficulty in the way of the amendment. Iu this he is certainly not sincere. He wishes one half of our bondholders to come in and lake the canal certificate for tbeir entire debt that be aaya will not yield one per cent. ! When thia is done be would say to the other half come on gentlemen with your bonds and get five per cent, from the State treasury. The gentleman cannot arrive at any other conclusion, giving bis argument its full weight Tbe gentleman had read from a newspaper from Indianapolis. He would read from one from old Wayne (the Wayne County Record ) Tbat paper says, that the payment of our debt, if left to the people would be soon accomplished. He knew nothing of tbe polilics of the psper ; but be admired iu ita editor. This was a question above all party considerations, and Senators should act for the good of their coontry. Mr. Coffin now moved to amend tbe amendment of Mr. Buell, by substituting the amendment that Senator had offered on yesterday, for tbe one he offered on this morning. Mr. Buell said, that he had drawn up bis amendment hastily, on yesterday. He had been in no caucus ; bat this morning, at tbe suggestion of several gentlemen, he had modified his amendment He wished lime for further refleciion, and the lime having arrived he would move aa adjournment; and The Senate adjourned. ArTEBKOOR SESSION. Stale Debt. The question was taken on the amendment of Mr. English, to strike oot one half, and insert $10,000, failed ; aye 20, noes 20. The tote was then taken on the amendment as modified by Mr. Coffin, as follows, to-wit: Provided, That until there is surrendered and cancelled, bonds of the Slate to the amount of one half of all the bonds outstanding (except bank bonds). It shall not be lawful for the Governor to convey, by deed, the Wabash and Erie canal, lands, tolls, &c. as provided in tbe 8th section of this act Provided further, That the acceptance as provided in the 11th section of this act of a grant of land, made by lhe General Government, by thia act, to grant certain lands to the State of Indiana, the better to enable the said Slate to extend and complete th Wabash and Erie canal, from Terre Haute to the Ohio river. Shall not be construed to make it obligatory on the State at any time hereafter, to complete said canal out of iu revenues derived from taxation. Avrs Akin, Allison, Barbour, Berry of Monroe, Bowers, Bradbury, Buell, Chapman of Daviess, Chapman of Laporte, Chenowiih, Coffin, Conner, Cuppy, Davis, Edmonson, Ellis, English, Goodenow, Ilamei ilamrick, Handy, Hardin, Henry, Herriman, Howell, Jackson, Jones, Lane, Lev is ton, Logan, Major, Miller, Montgomery, Mocre, Morgan of Rush, Murphy, Orth, Parks, Pomeroy, Read, Reyburn, Rockhill, 'lodd, Verbrike, Wood and Zenor, ayes 46. ' Nors Holloway, Morgan of Decatur andWinchell, noes 3. Mr. Logan offered an amendment referring the bill to the people for their concurrence, or to be rejected by them. Arcs Bowers, Bradbury, Buell, Chapman of Laporte, Cuppy, Ellis, English, Goodenow, Handy, Hardin, Henry, Hollowav, Logan, Moore, Morgan of Decatur, Mur phey, Orlh. Read, Winchell and Wood ayes 20. - Noes Akin, Allison, Barbour, Berry of Monroe, Chapman of Daviess, Chenowiih, Coffin, Conner, Davis, Edmonson, llamer, Ilamrick, Herriman, Howell, Jack? son, Jones, Lane, Leviiton Major, Miller, Montgomery, Morgan of Rush, Parks, Pomeroy, Reyburn, Rock hill, Todd, Verbrike and Zenor noes 29. Mr. Henry offered an amendment reserving the right to the Legislature to repeal or amend any or all the provision of the bill whenever it may be deemed beneficial to the intereats of the State ; failed ayes 19, noes 30. The bill was then ordered to be engrossed and read the third time to morrow by the following vote: Arcs Messrs. Akin, Allison, Barbour, Berry of M, Cbapmo of D, Cbenowith, Coffin, Conner, Davis, Edmonson, English, Goodenow, Himer, Hamrick, Henimao, Howell, Jackson, Jones. Lane, Leviston, Major, Miller, Montgomery, Moore, Parks, Pomeroy, Reyburn, Rockhlll, Todd, Vsrbnke, and Zenor 31. Noes Messrs. Bowers, Bradbury, Buell, Chapman of L, Cuppy, Ellis, Handy, Hardin, Henry, Holloway, Loean, Morgan of D., Motgan of R , Murpbey, Orth, Read, Winchell, and Wood 18. Tbe Senate thea adjourned. A lost bov, whose name ia Armstrong, is living among the Indians at Owasso, Michigan.