Indiana State Sentinel, Volume 10, Number 33, Indianapolis, Marion County, 16 January 1851 — Page 4

Mr. Foley tken moved that tb 8 1. end men t offered b Mr. Shoetp and the amendment of Mr Borden be laid upon che table. Mr. Cookeriey ceiled Sar a division or the question; when the question wm first taken oo taring Mr. Borden's amendment upon the taWe, and decided in the affirmative, ayes 93, aoe 29. ' The question was then taken on laying Mr. Shoup amendment npon the table, and decided in the affirmativ, aye 107, noes 18. Mr. Petfit said, that he was in favor of the first aeolion as reported by the Bank committee, and tuongbi the fijrht should be made wo that section. He had amendments to perfect the other sections, and now rose to give notice that he would move the previous question on the first section on to-morrow morning. He then moved an adjournment ; which motion did not prevail. Mr. Owen then moved to strike out the first section and insert the following: "The General Assembly aot to have power to establish an v Bank, except on the following conditions: The State not to be a stockholder; no Bank bill or note shall issue for circulation, until countersigned by the Auditor, nor until iaere shall have been deposited as security for the same, dollar for dollar, stocks of the United States. or of such States of this Union, as may he designated by law, be be estimated at their market value, in the city of New York, bat not above par - provided that snch stocks bo, or are made to be, eqnal to stock producing

six per cent . per annum ; there shall be no law, uirecuy or indirectly sanctioning a suspension of specie payments; bill-holders to have preference over other creditors, in case of insolvency; stockholders to be individually liable to an amount, not leaa than that of their respective shares of stock ; ao Bank to receive, directly or indirectly, a greater rate of interest than shall be allowed by law, to he received by individuals loaning money ; no Banking institution to have exclusive privileees aot granted to similar institutions; nor shall any such institution be created bv special cliarter ; the Genoral Assembly shall have the right to alter, from time to time, or to repeal all laws that may be passed, creating Banks or Banking institutions." Mr "Read of Clark moved to amend by striking out and inserting aseriesof sections against special charters for banking; providing ''that associations may be formed, under general laws, lor such purposes ; against a suspen sion of specie payments ; providing for a registry ol bills pat in circulation as money, and ample security their redemption in specie ; stockholders to be individually liable after the ytar 1852; and, in case of insolvency, the bill-holders to have a preference over other creditors." Before any question was taken, the Convention adjourned. THCasow, January 9, 1850. The Convention was opened by prayer by the Rev. Mr. Jamison. The Convention then resumed the consideration ol the Ba-ik questiou pending questions being the amendments of Mr. Owen and Mr. Read of Clark. Mr. Owen, after introductory remarks, in relation to thai sreneral uriuciule of Banking, said, there were two systems brought forward; one of Free Banking and the o'ther the State Bank, one or both of which might be adopted. The gentleman from Decatur (Mr. Robinsou) had declaimed long and loud against New York, i.od an efiort seemed to bo made to excite prejudice. A citizen of New York, now in this city, bad been mentioned in connection with this subject. That gentleman had done much to restore ludiana to her preseut high Kisitiou, and deserved our gratitude rather than censure, e then took up the report of Mr. Fillmore, as the Comptroller ol New York, and read his testimony in favor of tbe Free Banking system after which he entered into a detailed argument in favor of the Free Banking system, contrasting its safety to the billholders with that of the State Bank system. In relation to the Fr?e Banking system of New York, in its inception, mortgaged securities were allowed. These mortgages were taken under the direction of the officer with wliom they were deposited. Under this system, out of 104 banks there were 31 suspensions. There w is h i-apit :t. ol 1" -000,000; but the suspending banks had only a capital of a million and a half, and the loss was less than a third of a hundred thousand dollars. After t int time the Constitution of New York was revised, and the system, as it sow exists, was established. Since that lime no banks have failed. The system be proposed had the revised features of the New system, with additional guards. Stockholders were to be individually liable, and no suspension of specie payments. He contended that the Jiresent New York system (not the old one) had been ally tested, and had proved to he good. We should have no monopolies. The gentleman from Laporte (Mr. Niles) had preferred ample securities to a designation of stocks; inasmuch as State indebtedness might, ia a few years, cease. Me preferred a more definite provision one that he knew to be safe and secure, to indefinite securities. Wheu State indebtedness ceases, it might be to the interest of the country that banks should cease also. If not, an amendment might be easily made to the Constitution, clearly defining the description of securities to be taken. Mr. Walpole said, without having a dollar of stock in any Bank, or without owing any hank a cent, he stood torth as the advocate ol the great agricultural interest of the State. The commercial and other fac The commercial and other facilities of i u , . i i i - c . . . - i, I new xora mint enaoie mat ataio to sustain a r ree Dana system ; out inuiana couiu not. ne men proceeded to show the fluctuating character of public stocks, and how inadequate they would he in a crisis like 1839, through which we had passed. Indiana has now one of the best Banking institutions in the world. The Bank of Scotland is not equal to it. This Bank is soon to pass away, and it is our daty to replace it with another. Had Charles Butler, when he came to this State, some five or six years since, in connection with our State indebtedness, made it a condition of a settlement, that we should be compelled to bank on our bonds, would tbe peopie have accepted any such a condition? They would not. The question now presented was, whether we should have a paper or metalic oasis? He appealed to the rep resentatives of the great agricultural interest, not to those of the towns and cities, to come to the reseue. He appealed not to Madison, with ber connection with foreign capitalists , uor to the cities ol the Wabash with their canal connection ; but to tbe great producing interest of the Sc.. te The people generally of the State could obtain no stock in these banks. A few only, with their thousands in their pockets, might obtain the bonds. A system like this might appreciate our bonds to be worth dollar for dollar. These bonds might be sold, and it might end in no banks being established. The State u 7 vF"v r '7 '"'S1" lnke fttnek in it T ie nionev of the widow am tho nr. u ni, i Tl.- 1 . u :i. uhan might be invested. All were interested in its prospenfv 1 be amendment beiore us provides lor bonds ol all the Stales. Arkansas, Mississippi, Texas and other bonds might be taken. In relation to the present State Bank, there were some objections which he would obviate. Tbe provision permitting only one branch for every three counties, in the old Constitution, he would alter. The provision in reference to the location of branches he would modify. He thought the Bank should have at least a capital of $5,000.000, with permission to issue $12.500,000. Mr. Maguire said, in reference to this question, he only intended to make a few remark. He differed with some of his colleagues, and he would be derilect in his duty, were he not to give bis opinions, or rather what he conceived to be the opinions of the people of the county he represented. He believed that the people of Marion county, out of Indianapolis, of both political parties, were largely iu favor of a modification of the present State Bank. The main objection to the present Bank is, that it is not adequate to the business wants of the coun try. This is tme; hut a modification, iu this particular, should take place. Another objection was, that it requires tbe approbation of every Branch , in order to establish a new bank. That provision might be modified; and it was true, that much odium had been cast upon the Slate Bank, by the action of the Lafayette Branch, in refusing a Bank at Logansport. He thought the Dele gates Iroin lippecanoe, who are t:ie Naders ol free Banking on this ttoor, should have explained the action of their Branch. It was not bis business to do it. He explained the loss of a million of eur bonds, that had been referred to by several gentlemen. That was an act of toe Legislature. The Bank did not desire an increase of capital. It was a provision, in connection with internal improvement, and was tc inure to its beneftt. He referred to tbe report of tbe Cashier of the State Bank to show tbe profits of the institution ; and that at the end of the charter she would be able to clear an equal amount for the State stock invested. He thought it won Id be destrabic to retain tbe original loan, until it i due, after the expiration of the charter, rather to send so lame a sum out ol the State. He refer red to the objections of a portion of the citizens of Indianapolis against the action of the Branch in this city, in making its loans, as a reason why there were many free bank men here; whilst, on the other hand, in the try, the people were universally in favor of a State t. Before the question was taken, the Convention adjesvned. Ia the afternoon the Convention resumed the consideration of the Bank question. Mr. Smith of Ripley said, he had hoped, that long betöre this, this subject would have been brought to a close. His constituents were nnited as one man, on this question. He would therefore forego anv desire he might have to make a speech, and vield the floor that the Convention might make any disposition they might deem proper of the whole snbject. Mr. Edmonston had prepared to make some remarks, bat believing that time enough had already been occopted , be would move that the section and pending amendments be laid upon the table. Mr. Borden called for a division of the question. Tbe question was first taken on layioar Mr. Road of Cierk's ameadaseat on the table and decided in tbe aJsTaaative, ayes 103. noes 27

The question wm then taken oa laying Mr. Owen' amendment on the table, and deeded in the affirmative, ayes 91, noes 46. The queation was then taken on laying the first section, reported from the Bank committee, on the table providing that "the business of Banking shall be free to all. on such terms and restrictions as the Legislature shall impose ia general laws," tc., which was decided in tbe aflirmrtive, avea 76, noes 62. Mr. Colfax then moved to amend, by inserting a section, providing for a mixed system of free banking, and a State Bank, after tbe aspiration of the present Bank charter. The free banks to be founded or State securi ties. The State Bank to have no State stock in it ; but the Trust Funds of the State might be iuvested. Mr. Colfax explained the reasons that induced him to offer the section . He objected to the State Bank as a monopoly ; but it appeared obvious to him that there must be a compromise. The exclusive friends of Free Banks contended that they could not stand tip against the combined power of the State Bauk and Branches. This he thought would not be the case. Tbe present State Bank has seven years to run. In the mean time, Free Banks might be established, and would gain sufficient power to compete with a State Bank, should one be established at that time ; and any efibrt to pat down the Free Banks before that time, would prevent the charter of a State Bank, at the expiration ol the present charter. Mr. Smith of Ripley moved to add a provision that the Banks chartered under this article shall be mutually liable, and notes shall not be issued less than ten dollars. Mr. Cookerly moved thai both amendments be laid upon the table. Mr. Smith of Ripley called for a division of the question ; when the question a as taken on laying his amendment on the table, and decided in the negative, ayes 61. noes 76. The question was then taken on laying Mr. Colfax's amendment on the table, and decided in the affirmative, ayes 90, noes 47. Mr Watta moved to amend , by inserting a section that there may be established or incorporate! a State Bank and Branches, in any or each county in this State, on a specie capital, under such provisions as may be provided bv law. Mr. Rariden then entered into an argument at length in favor of a State Bank. Before the conclusion of the speech, the Convention adjourned.

INDIANA STATE SENTINEL. WILLIAM J. BROWN, Editor. INDIANAPOLIS JANUARY 11, 1851. Extra Papers Can be had it our counting room dona np ia wrappers r otherwise Persons desiring a number cf extras can better secur them by leaving their orders the day before issue Indiaua and her Railroads. Situated as Indiana is, stretching from the Ohio river o Lake Michigan, presenting a great diversity of soi and climate, and the north tnd the south conveying their trade and business to entirely different markets, thore seemed a few years back, but little prospect of so ar ranging and carrying out a system of improvements such as would bring the most distant portions of the State together, and enable the people to mingle in that free and friendly intercourse which is so necessary to a lull understanding of each other's wants and interests, and to the suppression of those s .-tional feelings and animosities which so frequently distract the eouc-ils and impair the strength of a State. But it is now very oertain that no State will have so complete a system of internal communication as Indi ana, one that so fully meets the wants of all, affording to every citizen ready and cheap access to every part of the State, and particularly the seat of Government. This is the peculiar feature in the stem. Every railroad, at least nearly every one of any importance, connects with, or crosses each other at the capital, and by the means of the numerous street branches, turnpikes and plank roads, made or making, their benefits are extended to almost every county in the State. Few of our readers are, perhaps, aware ol the nature and extent of these works and what they are destined . to accomplish lor the State in general, and Indianapolis in particular. On the north we have the Peru Railroad and the Lafayette n .iiioad, the one running nearly north and the other north-west from this place, and extending to points on the Wabash, each about 70 mUes distant from Indianapolis, and about fifty-seven roller from each other. These lines will undoubtedly be continued, the ; Peru road, through the tier of counties north of that place to join the northern Indiana, or southern Michigan, Railroad; and the other, in a diretion to Chicago; thus making two lines of Railroad from the centre of the State to its northern boundary, generally, some 70 ! miles apart, at least 'after they cross the Wabash, and about 25 miles on either side of the Michigan road. This, , the Michigan road wi'l, in another season be planked I the whole distance north, thus forming three thoroughj fares through the northern half of the State and reach- ' ing almost every county in that quarter. The grade on tbe whole line of the Lafayette road is completed or will be in the next season. That on the Peru road is made to Nobleswlle 20 miles, and the iron is now being laid upon it. On the west we have a Railroad to Terre Haute now nearly made, upon which iron will be placed next sum- ! mer, and efforts are making I ' -jtiK ' ' to extend it edit to Rich mond, which no doubt will be successful ; thus affording a thoroughfare east and west across the entire State. Somewhat north of east runs the Bellefout me Road, from which, it seems more than probable, a line will be carried perhaps from Pendleton to Newcastle and either to Richmond or Knightstown, on the national road. The Bellefontaine Road is already in use for 28 miles and will soon be carried to the State line. As if there were not enough, there is the National Road, upon which plank is now being placed, and much of it already opened for travel. To the Ohio river we have, as yet, but one outlet, the Madison and Indianapolis Railroad ; but others are in progress and will soon reach us, giving great advanj tages to the whole southern portion of the State. The La .vrenceburg Railroad has some 20 miles nearly ready for the iron, and the grade, as far as Shelbyville, undir contract. A communication will thus soon be created between the centre and the south eastern corner of the State, connecting at Shelbyville with two other roads running east and and northeast, to Rushville and Knightstown, and one southwest to the Madison Road at Edinburg. So, in the southwest, Evansville is connecting herself with Princeton and Vincennes by Railroad, and one is constructing between Franklin, Johnson county, and Maitinsville. These lines will undoubtedly be connected, by one via Gosport, Spencer and Pt. Commerce. Jeffersoville will soon be connected with Columbus, and New Any with Salem and Bedford, and after a while, wth Crawfordsrille and Lafayette. Between the latter points the road will soon be travelled, and some considerable part of the line between Salem aim New Albany is already in use. Plank and other roads are constructing from various points on tbe Ohio into the interior, connecting with these more important works. Indianapolis is thus made the centre of this net work of roads, and whatever benefits are to be realized from these, she is to command the greatest share. Not only is the city, by means of them, brought into immediate connection with all parts of our own State, but these lines, or tbe most of them, are great National thoroughfares, connecting leading points in the several States around us, with their nearest and best markets, and thus drawing npon them, and through this place, a large portion of the travel and basinets of the east and west. Thus by the extension of the Lafayette Road to Chicago, we unite with the oow making from there to Ga lena, carrying na to the Up per Mississippi. By the Terre Haute Roe.d we connect with St. Lonis, : and probably with Quincy and other towns on tbe Mis sissippi, in Missouri, Illinois, and Iowa. By the Bellefootaine Road is (band a direct convnmunication with the Lake a; ,d the several lines of road to

New York, and Bostn. And by the Richmond liue,

we are on the direct way to rittsunrj anu ruimueipina. i. . -- i J rtL:i. J.1..L:. most of which is in process of construction. Tha Lawrencebarg Road in connection with the Ohio and Mississippi Road, gives a direct line to Cmncinnati, the great mart of the west, and thence by varions roads in Ohio a dire t line is found with the Bellefor.taine Road. And by the on now making to Lexington, and others which Virginia is making, furtoer and impor tant outlets will he soon established with Richmond and Norfolk. The works which the States of Alabama. Georgia, and SouthCarolina are pressing toward the Ohio river ill soon reach Louisville and there unite with the Jetfersenville and Columbus Road, thus opening to our pro duce the ports of the Southern States. What Indianian, and especially if a citizen of Indian apolis, can contemplate the the prospect thus presented of prosperity and improvement? Prices are to be equalized, districts heretofore re mote, will be brought muh to market. Now avenues of trade will be opened. New places of business estabished. The value of land and its production everywhere advanced. the effect upon the growth of Indianapolis must ie apparent to all. If, with the limited advantage hereto. foro possessed, she has in so short a period outstripped almost every other town in the State, how certain her advance when all the improvements contemplated are in successful operation, and not only the trade and travel from all quarters of our own State, but those of the east and wast, north and south of the whole confederacy shall pass through her streets. The Races. What startles Southern apprehensions is, that there are no limics to the power ol a dominant sectional ma jority in Congress; that they may, in the course of time. undertake to control the relations ol the white and black race in the slave States, in spite of tho people of those Slates. Thus discourseth our friend El wood Fisher, who is t'.e organ and mouth-piece of the Disitnionists. He is terriibly alarmed lor fear the North will '-undertake to control the relations of the whit? and black races in the slave States." He was quite as much alarmed vhen the Indiana Legislature undertook to prohibit marriages between the "white and black ratet" but they did so. and all of his preaching and lecturing have not induced the people to change their opinion. They are still opposed to any close connection between the races. Col. J. H. Lane. In the hurry of business we have neglected until now, to publish the following article from the Indiana Journal, in reference to Col. J. H Lane, the Lieutenant Governor of the State. The charges of the Journal are now effectually put at rest. Tho editor says: Several months ago, we stated that we had been informed that the sword purporting to have been presented to Col. James H. Lane, by the regiment eon manded by him in Mexico, had been manufactured to his order that the inscription on it was written by him and that he and not the Regiment paid for it when completed. We are informed by Col. May, Capt. Evans and ether gentlemen, having a knowledge of the whole transaction that our information was not correct; but, on the contrary, that the whole presentation was gotten up by the etficers and soldiers in Mexico, without the prompting or even the knowledge of Col. Lane, and that the sword was wholly paid for by the voluntary conti iuution of those officers and soldiers. The position of these gentlemen, and their participation in getting up the matter enables them to speak positively on the subject, and we have no doubt of the truth of their statement. a a . s As we are not disposed to do injutticc to any one we cheerfully correct the error into which we were led. Meeting of the Officers aud Soldiers of the War of 1312 nud the Mexican War. Pursuant to notice, a meeting a as held of the officers and soldiers of the war of 1812, and the war with Mexico, in the Supreme Court Room, on Thursday evening, the 9th inst., to take into consideration the pr'opriet) fej adopting some course to perpetuate the memory of those who fell in the wars of 1S12, tbe Indian war-., and tbe war with Mexico. On motion of Capt . R. M. Evans, Major Henry P Thornton was appointed President, who callled the meeting to order, and briefly tendered his thanks for the honor conferred upon him. On motion of Capt . Adams, Capt. Edward Lander was appointed Secretary Col. James H. Lane, being loudly called for, caine forward, and in a brief but highly pertinent manner, explained the object of the meeting and submitted for the adoption of the meeting the following resolutions : Resolved, That a committee be appointed to draft a petition to the General Assembly of the State of In. diana. Retolved, That an executive comssittee bo appointed to mature a plan for carrying out the object of this meeting and collecting the necessary funds, &c. The question being on the passage of the resolutions they were unanimously adopted. Vhereupon, the Chair appointed the following gentlemen a committee to draft a petition: T. Ware Gibcon, E. Lander, R. M. Evans, Sanil McKensey, and H P. Thornton. The Chair then announced tbe following as an executive committee: AlielC. Pepper, James H. Lane, S. P. Mooney, Thomas M. Adams. Levi M. Todd, Robert H. Milroy, Alex. L. Farrow, Milton Stapp, T. Ware Gibson, Jacob P. Chapman, Ebenezer Duniont, James A. Cravens, Jesse H Alexander, John M. Lord, James S. Athon, Frank Emerson, William W MeCov, C. C. Graham, Nineveh Berry. Mr. Emerson submitted the following: Retolved, That the executive committee bo directed to make such arrangements as may be deemed necessary to congregate the officers and soldiers of the war of 1812 and the Mexiein war, at this city, on the 23d dav of February next ; which was adopted . On motion of Col. Pepper, the meeting adjourned until next Thursday evening, H. P. THORNTON, Pret't. Edward Lander, Scc'y. Hon. Jesse D. Bright. The following manly compliment to this well and widely known Democratic Senator in Congress from Indiana, we copy from the Washington letter ("'Independent") in Wednesday's North American. The writer of "Independent") is bimsel! a formidable adversary, even if he should occasionally be an unscrupulous one. He will not hesitate, however, to do an opponent justice, especi ally if that opponent is one of those bold and fearless men who command admiration by their promptitude, and secure confidence by their frankness. Such a man is Jsssx D. BaiOHi , of Indiana a Senator who has true nationality of character, and a lofty scorn for all the arts of the selfish and the sectional . who has never hesitated in his adherence to his party faith j and who, by his whole course of action against the enemies of the Constitution, has endeared him to his political friends. We hope Indiana may be as true to herself in re-electing him to the Senate, as he has been true to Iter in every conceivable emergency, and at all seasons. We copy from " Independent's" letter as follows: "While it has not been in my power, a.- an observer of public men, to applaud the course which this gentleman has pursued or to sympathize with his political sentiments, justice requires it to be said that he has challenged respect and good opinion by the frank and firm manner in which he has always taken his ground, and bv the I fidelity and zeal which he has exhibited after having as sumed a position. We may diner wholly with the conclusions of our opponents and assail their policy as likely to be disastrous to the public welfare, nut their motives and purposes ought not to be impeached, unless with auflicient reasons. "Mr. BaiOHT is one of those men whom you can always place ; who never dodges a delicate or doubtful question - but who marches straight up to his responsibility, without looking to the left or the right, or attempting to conciliate favor by professing false regard for both the opposite sentiments. I eonfess that all my sympathies are with this order of men, whether they be Whigs or Democrats: and in a matter involving no political ob ligation, I would rather rely npon the generous impulse of a decided opponent of such a character than npon the support of those who owed a certain space of duty, but who in the mode of performing it discharged every feeling of gratitude. Mr. Bright is talented, efficient, and laborious as a legislator, and his political errors may be forgiven, in consideratien of other high qualities, which have attracted the admiration and devotion ef many ardent and faithful friends in both parties.' Penntyltam' an. Gold and Silver. A London paper states that it has been determend by the French Ministry, apparently in view of the apprehended depreciation of gold in relation to silver, to propose to the Assembly an immediate aboli tion of the law making gold., equally with silver, a legal tender.

INDIANA LEGISLATURE.

SENATE RErOtTXD FoR THE TÄTE tESTlXSL I! I J tow Monday, Jan. 6, 1851. i The Senate assembled. Mr. Millikin moved to strike frorr. tho Journal, the i resolution introduced by Mr. Sleetb on Saturday last, in regard to members ol lbs Convention who hold seats in this body. He said, he was the author of the bill, and that it was introduced as mere pastime. Carried. BM.I.S PASSED. A hill for the relief of Mary Clark, allowing her to convey real estate. A bill for the relief of Aitizi Hazen, of Ripley couneounty. A bill to change the time of Loldiug circuit courts in the 12th judicial circuit - A bill to authorize the extension of the New Castle and Riehmond railroad. A bill repealing section one of an act incorporating the city of Indianapolis. A bill to amend an act incori orating the Richmond and Miami Railroad Company. A bill to amend an act incorporating the Richmond ! and Williamsburgli Turnpike Company. A bill to amend an act incorporating the town of Patriot, Switzerland county, and to legalize the act of tbe j collector of said county. A bill to change the name of Nancy Ann Kelso of Dubois county. A bill tö legalize tbe assessment of taxes in district j seven, township thirty-three north, of range fourteen j east, in De Kalb county. The Senate adjourned. AFTERNOON SESSION. The Senate assembled, and on motion, adjourned until to-morrow morniug. SENATE. Tuesday, Jan. 7, 1851. Senate assembled. The chair laid beiore the Senate a message from the Governor, containing resolutions passed by the Legislatures of tbe States of Mississippi and Rhode Island, and by the Reform Convention of the State of Maryland, in relation to the late compromise measures of Congress. On motion of Mr. Reid, the message was referred to the committee on federal relations. Mr. Reid introduced a resolution, that the Senate will, the House concurring, go into the election of Bank Director on Wednesday, the 15th instant, to fill the place of William Daily, Esq., whose term then expires. Adopted. BILLS PASSED. A bill authorizing the Auditor of Harrison county to make a certain deed therein named. A bill in relation to the assessment and collection of a specific road tax in Deer Creek township, C ass county. . A hill for the relief of the inhabitants ol Congressional township twenty-five north, range two east, in Cass county. The bill in relation to a change in the rate of interest, was then taken up ; the question being on an indefinite postponement. Mr. Garver made a lew remarks in favor of the bill; after which, it was decided in the affirmative, by a vote of 30 to 16. A message was received from the House, requesting the Senate to attend in the Hall of the House this evening at 2 o'clock, P. M., for the purpose of electing a President Judge ol the ninth judicial circuit. Reciprocated . The Senate adjourned. AFTERNOON SESSION. A message was received from the House, inviting the Senate to attend instanter in theHall of the House to go into the election of President Judge of the ninth judicial circuit. Concurred in. The Senate again assembled, and, On motion, adjourned. HOUSE OF REPRESENTATIVES. REPORTED FOR THE STATE SENTINEL BY J- T. BOSWORTH. Tuesday, Jan. 7, 1850. A message was received from the Senate, returning several House bills, passed without amendment. BILLS READ A THIRD TIME. To abolish the otiices of school commissioaer and county agent of the county of Brown. Passed. To repeal an act relative to jurisdiction of justices ol the peace in Tippecanoe county. Passed. Defining the duties ol county Treasurer ol' Lake county. Pased. To authorize county auditors to appoint deputies. Pa ssed . The joint resolution to prevent the transfer of bounty land warrants granted for military services, came up on its s-econd reading. and on motion by Mr. Davis of Scott, was laid on the table. The hill allowing such interest as may be agreed upon between tbe parties came up on its second reading. Mr. Watts moved to amend by inserting, ''shall not exceed ten per cent." Mr. Hosbrook said as he had introduced the bill he would offer a lew words 'of explanation. Several bills had passed allowing corporate companies the privilege of borrowing money without limitation of interest, and he thought it would be democratic to allow individuals an equal right, at least, with corporations. The higher rates of interest in Ohio and other neighboring States tended to divert capital from this State. Mr. Franklin inquired whether it was contemplated tht banks should have the same unlimited privilege. I was, he should vote against the bill. Mr. Usher favored the amendment. He thought it not only democratic but republican and expedient. How could we expect money to find its way into this State, when it was worth higher rates in the neighboring States? Mr. Moore said that if he had money to lend he would lend it where he could do so to the best advantage. He was in favor of the original resolution. Mr. McClelland favored the bill. He thought it was democratic. He thought it a great inconsistency to alle w a man who has a farm worth two thousand dollars to rent it for any price, however high, that he could, and at toon as be turned it into money to restrict him in the Erofit he should receive on it. He knew capitalists in is section of tbe country who sent their money to Ohio, because they could obtain ten per cent, interest. He was opposed to giving corporations the unlimited privilege to borrow or lend, and refuse it to individuals. Mr. Shook moved to amend the amendment by inserting eight per cent. Not adopted. Mr. Marvin moved to insert six per cent. Kot adopted. On motion by Mr. Bradley, the bill and pending amendment was referred to the committee on the judiciary. The House then adjourned. AFTERNOON SESSION. Mr. Davis of Scott moved to take from the table the message from the Senate, containing a resolution to go into the electiou of President Judges of the ninth and seventh judicial circuits on Wednesday, at two o'clock, P. M. Mr. Edwards moved to lay the message on tue table. Lost. Mr. Williamson moved to amend by striking out the l:seventh," as the Senate had reciprocated a resolution of the House tc proceed to the election of a judge for the ninth circuit, to-day, at two o'clock ; which motion prevailed. The resolution, as amended, was then concurred in. Mr. Hicks then moved that the Senate be invited to attend in the Hall of the House inttanter, for the parpose of electing a judge of the ninth circuit; which resulted as follows: Elenezer M. Chamberlain received 126 votes. Blank, 10 " Mr. Chamberlain having received a majority of all the votes cast, was declared elected. Senate bill to authorize Reziu W. Prather, of Bartholomew county, to drain certain low lands. The rules were suspended, and the bill read three times and ps-sed. Senate bill to amend the act incorporating the town of Noblesville, Hamilton county. On motion of Mr. Couner, the rules were sitf (tended, and the bill read three times and passed. Senate 'bill to legalize an assessment of taxes for sohool purposes in De Kalb couuty. Rules suspended and bill read three times and passed. Sena' j bill for the relief of Amanda Hägen, of Ripley county. Read three times and passed. Sent te bill to change the times of holding courts in the twelfth judicial circuit. Read three times and passed. Mr. Clark, from a select committee, reported a bill to authorize the exemption of certain property in Lawrenceburg from taxes for corporation purposes. Read three times and passed. On motion by Mr. Coburn, the House went into committee of the whole, Mr. Davis of Scott in the Chair, oo so much of the Governor's message as had not been referred, (that portion relating to the northern portion of the CentralCanal,) and it was accordingly referred to a select committee of five. The House then adjourned. SENATE. Wedniscay. Jan. 8, 1851. The Senate assembled. Mr. Hamrick reported back a bill to amend an act in

co. porat 1 112 the Terre Haute and Richmond Railroad company . Onmo'K n the rales were suspended, the bill read three' times and passed. Mr. 1.;..- introduced a petition from the citizens of Chicago, iu relation to proem uig the right of way around the southern shore of Lake Michican. Mr. Ellis moved to refer the petition to the eoiumiitee on corporations. Mr. Ellis did not wish to be considered as the advocate of the petition, he wished it referred in order fairly

lo investigate the claims ol the petitioners. Mr. Eddy opposed the petition. Mr. Hamrick wished the petition referred to a select committee. Mr. Hauna was opposed to granting the right of way free. Mi Dunn was also opposed to the petition. A message was received from the House iuviting tbe Senate to attend inttanter in the Hall of tbe House, to go into the election of President Judge ol the 7th Judicial circuit. Reciprocated. Alter the election the Senate returned to the chamber and resumed the consideratien of the petition. Mr . Daw son said he was opposed lo allowing the right of way around the southern shore of Lake Michigan, unless, the State shoule receivd some valuable consideration therefor, and was iu favor of referring tbe petition to a select committee, where it would receive an impartial investigation Mr. Dunn did not think there war. much ditfereiice of opinion between himself and the Senator from tbe north. I He knew no interest north, no interest south. He thought i the interest of either north or south was the interest of ! the whole State. He wished the bill laid on the fable until he and others should gain more information on the subject. Mr. Ellis wished it referred, for the same purpose. On motion the bill was laid ou the table. Mr. Sleeth on behalf of the committee on Benevolent Institutions presented the annual report of the Snperinden: of the Deaf and Dumb Asylum, which was laid on the table aud one thousand copiet ordered to be printed. The Chair laid before the Senate the animal report ol : the Treasurer of State, which was laid on the table and five hundred copies ordered to be printed On motion of Mr. Dunn, Senate bill No. 12. and the j Governor's veto message in relation thereto, was taken up. Messrs. Dunn and Hanna ably defended the bill by speeches ol considerable length. The question being on the passage of the bill, the Governor's objections to the contrary notwithstanding, the vote stood, ayes 43, noes Ä. The Senate adjourned. AFTERNOON SESSION . BILLS PASSEDA Bill to change the name aud extend the privilege of the Perry Cotton Mills at Cannelton. A bill to incorporate the Levee and draining company. A bill to amend the act incorporating the Cannelton Savings Institution. A bill relative to the Clarke county central plank road company. A bill to amend the act iucorporatiug the Hamilton manufacturing company. House bill to repeal an art giving additional time tc Assessors. A bill declaring a misprint in an act approved January 15, 1849, came up on its second reading. On motion the rules were suspeuded, the bill read three times and passed . House bill to incorporate the town of Vernon. Jennings county was taken up, the rules suspended, the bill read three limes and passed. House hill defining the duties of the Treasurer of Lake county came up on its hrst reading. On motion of Mr. Teegarded, the rules were suspended and the bill read three times and passed. A bill lor the relief ol Joseph Allen of Crawford coun. ty, c-arac ip cn its third reading and was passed. Mr. Graham asked and obtained leave to introduce a motion authorizing the committee ou finance te bring before them persons and papers for the purpose of investigating the cause of the apparent ditference between the issue of the amount of quarter per cent, treasury notes and the amount redeemed and still outstanding. A message was received from the Honse returning Bill No. 4, authorizing the Terre Haute and Richmond Railroad Company to dispose of bonds for the sole purpose of borrowing money, for tbe completion of said road, together with the Governor's veto message in relation thereto was taken up, and the bill passed the Governor's objections to the contrary notwithstanding. Ayes 42. noes '3. as follows: Tiiosc who voted in the affirmative were Messrs. Adams, Alexandoi , Allen, Athon, Brugh, Cravens, Day, Defrees, Delevan, Dole. Eddy, Ellis. English, Evans, Garver, Goodman, Graham, Hamrick, Hanna, Hardin, Harvey, Henton, Herod, Holloway, Jamc, Kinnard Knnwlton, Logan, Marshall. M'Cartv. Miller, Millikin, Montuomerv. Niblack, Odell, Porter, Reid, Siettfc, Teegarde;i, Walker, Winstandlev, and Wood. Those who voted in the negative were Messrs. Dawson, Hunt, and Mickle. The Senate adjourned. HOUSE OF REPRESENTATIVES. Wednesday, Jan. 8, 1851. The House met. Mr. Pratt, from the committee on the State Prison, reported a bill to consolidate the office of Superintendent : and Warden ol the a ate Prison, and to procure a Sunj day School Library ibr the use of the convicts. Reaa ' first time. Mr. Armstrong, from a select committee, reported I back the bill of the Senate to abolish the office ol auditor in the county of Ohio, without amendment Re.d third time and passed. On motion of Mr. Humphreys, the Senate were invii ted to attend iu the HoJl ol the House inttanter, for the it I purpose ol electing a President Judge of the seventh ! judicial circuit ; which resulted as followsDelana R. Eckles received. HO tote Samuel B. Gookins, 60 '' Blank, 3 " Mr. Eckles having received a majority of all the votes cast, was declared elected. The Speaker laid before the Honse the report of the Secretary of State. Laid on the table, and 1,000 copies I ordered to be printed. A message was received from the Governor transmitting resolutions relative to the compromise measures adopted at the last session of Congress from tbe States of Virginia, Texas, Maryland, and Connecticut. On motion of Mr. Graft", the resolutions were referred to the committee to whom so much of the Governor's message as refers to the perpetuity of the Union was submitted. The Speaker laid before the House a report from the Auditor of State, accompanied by a report from the Superintendent of the New Albany and Vincennes Turnpike Company. Laid on the table, and 100 copies ordered to be printed. Mr. Coburn introduced a joint resolution, instructing our Senators, and requesting our Representatives in Congress to use their exertions to procure an appropriation frem the General Government, to trect a suitable building for the use of the several olhcet of the government in this ei ty . Read first time. The Honse then adjourned. afternoon session. On motion of Mr. Edwards, the message of the Governor returning the act passed at this session, granting the Terre Haute and Richmond Railroad the right to sell their bonds at such rates as they could negotiate, with his objections, was taken up. Mr. Edwards moved a call of the House. The Chair laid before the House the report of the Treasurer of State. Laid on the table, and 1,000 copies ordered to lie printed. Tbe message from the Governor, returni r tbe bill to allow the Terre Haute and Richmond Railroad company to borrow money and sell bonds without limitation of interest was then taken up. The question was then taken ''Shall the bill pass notwithstanding the veto of the Governor?'' and resulted ayes 87, noes 10. Ayes. Messrs. Armstrong, Benson, Bird, Blue, Bradley, Brown of Pike, Brown of Shelby, Bulla, Campbell, Carr, Cnylor, Chapman, Clark, Coburn, Conner, Cowan, Cox, Crawford, Crim, Davis of Dubois, Davis of Scott. Donaldson, Edwards, Elkins, Essex, Fleece, Franklin, Goodman, Goodwin, GrnfT, Hall, Hammout Harris, Harrison, Haywood, Hicks, Hos, brook, Humphreys, Hutchinson, Isom, Jackson, Johnston. Jones, Jordan, Lank, Lawrence, Lindsey, Marshall, McCarty, McKiin, McMakin, Millikin, Moore, Morgan, Morrow, Painter, Pahcake, Patterson oi MarshallPeckenpaugli, Phillips, Pratt, Reynolds, Rice. Riley, Kohl, ms, Ross, Shull, Simler, Stone, Swartc, Swihart of Huntington, Swihart of Wabash, Thompson of Carroll, Thompson of Delaware, Thorn, Usher, Walls, Watson, Watt, Watts, Willard, Williamson, Wilson Withers, Wittenmeyer, and Mr. Speaker 87. Noes. Messrs. Gentry, Hamilton. Marquess. Marvin, McClelland, Mercer, Nelson, Patterson of Tippecanoe, Shook, and Stayner 10. Mr. Usher moved to take from the table Senate hill to allow the New Albany and Salem Railroad Company to negotiate loans on such terms as may be agreed upon, returned by the Governor with his veto. The question was then taken on the passage of the bill, notwithstanding the veto, and resulted ayes 84, noes 10. On motion, 1,000 copies of the Governor's vato message was ordered to be printed. The Speaker laid before the House tbe report of the Trustees of the Deaf and Dumb Asylum. Laid on the table, and 3,000 copies ordered to be printed. The House adjourned

SENATE. Thcisdvt. Jan. V, 1851.

The Senate assembled Mr. Ellis introduced a resolution in relation to the claim of Colonel Francis Vigo. tte a citisea of i-auntv On motion of Mr. Ellis, the rules were suspended the bill read three times, aud passed. BILL! PASSED A bill to amend the Revised Statutes of 1343, ia relation to tbe renting or leasing of real estate by executors, administrators, and guardians. Various bills came npon their second reading, and were either referred to appropriate committees, or engrossed for a third reading The Chair laid beiore the Senate the report of tbe trustees of the Blind Asylum. Laid on the table, and 1,000 copies ordered to be printed. Mr. Ellis asked, and obtained leave, to present a petition from nine hundred citizens of Michigan asking the right of war for the Michigan Central Railroad around Lake Michigan Referred to the commitiee on corporations. House bill to extend the term of the May and February terms of tbe Laporte Probate court, came np oa its tii st readinu. On motion of Mr. Teegarden, the rules were suspended, the bill read a third lime, and ned House bill number two hundred and twelve, for tha relief of certain persons therein named, in Warren oout ty, which the Governor had vetoed, was taken op. The question being on the passage of the bill, the Governor's objections to the contrary notwithstanding Passed aves 31. noes 10. The Senate adjourned. At'TEROON SESSION. Mr. English introduced a bill to pay council in certain cases, in suits against the State now pending in the Marion and Montgomery circuit courts. On motion the rules were suspended, the bill read three times and passed. Senate adjourned. HOUSE OF REPRESENTATIVES". Thursday, January 9, 1S5I. A message was received from the Senate that that body had passed the bill of the House granting the privilege to the Terre Haute and Richmond Railroad Company to borrow monev without limitation of interest, the objections of the Governor to the contrary notwithstanding. REPORTS FROM COMMITTEES. Mr. Bradley, from the committee on corporations, reported back the bill authorizing the Lawreiicehurgh and Upper Mississippi Railroad Company to borrow money or sell lionds without limitation of interest. Mr. Dumont moved to suspend the rules, aud read the bill a third timeMessrs. Patterson and Marvin called for the ayes and noes. A debate ensued, in which Messrs Dumont, Willard, and Brown of Shelby favored the bill, and Messrs. Marvin and McClelland opposed it. The hill then passed ayes 83, noes 11. The Speaker laid before the House tbe report of the Trustees of the Blind Asylum. Laid on the table, and 2,000 copies ordered to lie printed for the use of tbe House, and 1,000 for the Asylum. The House adjourned. AETERN00N SESSION. The Speaker laid before the House a report from the branch of the State Bank at Madison. Relerred to the committee on the State Bank. BILLS READ A THIRD TIME. To abolish the office of school commissioner and county agent in Brown county. Patted. To incorporate the Athenian Society of the Indiana University. Passed. To authorize the Auditor of Clinton county to make a title to land to John Monn. Passed. To legalize the election of county commissioner ol Owen county. Passed. The joint resolution relative to bounty lands, memorializing Congress to retain the provision preventing the transfer of warrants, came up. Mr. Coburn said he had but few words to say on tins su'oject. It seemed to him that this should lie a free gift to these men. What kind of a gift is it when ) on will not let men do as they please with it? The law, as it now exists, is no benefit to widows, unless they moved and located the land. By decisions in this State the law is null and void here. It bad beeu decided that a land office certificate is transferable. Mr. Moore favored the resolution. He thought it but jost that the soldier who had toiled and fought for bis country should be protected. Mr. Thorn represented one of the oldest counties in the State, and one in whieh were probably more old soldiers than any other in the State. He believed it to be the wish of his constituents that this section should be repealed. Mr. Davis of Scott was opposed to the resolution. He would cite the case of an old soldier, who was comrii.e 1 to his room, and who had declared that the law as it now stood would not conler any benetit on him- He believed it to be the wish of his constituents that the provision should be repealed. Mr. Lewis opposed the resolution. He thought it would be a dead letter lo a majority of those for whose benefit it was intended. He thought the rpeal of the provision would meet the wishes of a majority of recipients. Mr. Dumont said he would not stand here to defend a measure against the interests of the old soldier. He beiieved this to be but a just and proper protection. Tbe arguments adduced by gentlemen might do in the eastern States, but not in Indiana. It would invite population to this State and to the West ; and aould thus open up our forests. Mr. Brown of Shelby, dirlered with the gentleman from Dearborn (Mr. Dumont.) He went on the ground that the soldier was able to take care of this smalf bonat fri that from the eovernmeni He was opposed to all laws interfered with private rights. There might be eases where it would operate to the disadvantage of those receiving warrants, but he believed that much greater injury would be inflicted by retaining this provision. Mr. Simler bad heard no objection to the law. He regarded it but as a proper shield . Mr. Hosbrook said his constituents, so far as he bad conversed with them, were oppose! to this provision of the law. The vote was then taken on the adoption of the joint resolution, and decided in the negative ayes 46, aoes 47. The Speaker laid before the House the report ol the Commissioners of the Asylnm for the Insane. Laid on the table and ordered to be printed. A bill authorizing a sale of school lands in Perry county. Passed . A bill directing the Auditor of State to pay certain funds to the Auditor of Ripley county. Passed. The House then adjourned. A DMINISTRATOH'S NOTIOE. The uilerMrned has I J. out toners ol Admuitsiraiioe I'rora ihc Prolaie Court of Marion couiuv, Indiana, upon tbe rtiatr of Anthony Dehne, lair of said eonniv. MMsl All person indebted to nid etate are requited to make immediate payment, and all person hsvinj claims afsmsi sa d estate are requested to resent ttinu uuiv aalAeiinrated lor settlement. Said estate n prolaW) solvent. CHRISTEN A DEHNE, janli-w(w) Administratrix ADMINISTRATOR S SALE. The anctersianed, as Admioutratrix of th estate of Anthoa Dehn, late of Marion counl j , Indiana, deceased, wiil, on Saturday the 15th day ofFehiuary. tflR, between tbe hours of 10 o'clock. A. M-, and 4 o'clock. P- M.. iu pat nance of an order of the Proliate Court of Mai. on r aunty, expose to sale at public auction, st the Caurt-llouse door in tbe city ol Indianapolis, tbe follow inj real State, lo-w it: Lot So. 3, in Terry and Rsbinson's Sub-division of Oui-Block No 13. ndjo. uing the town of Indianapolis, of the lands donated by tbe United Slates to tbe Stats of Indiana aa a permanent seat of goveriimsm, subvert to the dower of the undrrsiiriiad widaw of aaid deceased Terms tf Salt .One-third of the purchase money to t paid in hand, one-third in 6 month, and one-third ir, U months froea ussaay of sale, tbe purchaaer to five bis promtasory note lo srear use dsdate, and paysbls without any relief whaieret from vs Mrrnl nnvnwllt Willi SOOU rerlio.u urr , utTU.il mint" ' apprmseinent law. The underaianed will also, at the same lime and place, and epos the amt term. expoe to sale her dower in Mud real eatale ao SSSS ihe purclmer enn eel the entire Jee CHRISTENA DKI1NK, jsnll-tw(w) Administratrix wTtT.firrTORS- VOTIOE Tne uitderaissssd BT ' A I .,,.r.i TMlinuKlan unrai II, r last will and le4tamcllt Of ! Shrlly. lalt of Marion county. Indians, deceased, from las Probata Court of said eoontv All dcitkw indebted te the estste ol said deceased, are requenlcd lo make immediate payment : and all persons ho vine claim a-aint aid ettr are rrouesied lo present item, only authenlicsled. for settlement Ssid etale M probably solvent WILLIAM DAVID. January 4. 1951 JOHN WARTH. l.xecntors xt AND FOR SALE. Th underpinned, F.xeeuiors of die last I j Wiil and lastamenl of Polly Shelly, late of Marion county, ladiana. deceased, in pursuance mi a pow. r given to them by said last will and testament, will expose to sale at puUic auction, on tbe h dav of Felimary, A D. 1851. tbe Wlowm decrited real estste swoate in Msnon couniy. and Sisie ol Indiana, to-wit : Twenty acres oir of the North end of the Fsst half of the South-east quarter of wrimn iwetuv-seren. in Township filtern North, of Kat beinr part of the same land on which said decedent at ! death resided Said sale will be made at ihe District School Hot .1 in. &niifh.eat corner of mmI M) sere tract of Ixnd, between hours of 10 o clock. A. M . and 4 o'clock, P M . upon die follov esnaa il : One-thinl of the pun'liae monev to t paid ni one-third to be paid in 6 month, and nne-tMrd in twelve months from the dav M ale; the deferred pnymruu to V tscsred by the notes at" the purchaser or purchasers, wits good a (resold I payable without any relief whatever Irom valuation , laws l . , ! . vii.UA.il vavt-ias, January 4, 1861, JOHN WARTH. "XTOTIOEls hereby fiven that letters Testamentary bar been to the nnderiieiicd. on tlie estste of John Stnour. Isle of LVJ only rTsnteu ana isaum uj im - nnnu vviu, m r,i, county, deceased. AH persons indebted to aanl estate are hereby lio'ih'-l) to make immediate pavmeni oik, an persons navinsj ciaiau sen nt said estste are requested to present their Heim leeafry snthesaicsicd for settlement JUUlAJi fcoi K. decl-wtw)I