Richmond Palladium (Weekly), Volume 25, Number 5, 19 January 1855 — Page 2

TOE RICHMOND PALLADIUM.

. F. HOLLOWAT. ADB.W.DATIS. R.lo i Friday Moraiaff, Jaaaary inth, ; Air Arm Chair. Oar friend, P. D. f-LOAs.of . the Bates House, Indianapolis, lias sent to our ; sanctum an arm Chair, what is a chair made of - hickory withes, neatly and substantially bound together. It was inadti iu that land of hoop-poles , and unadulterated democracy. Brown county,! . and U a fit emblem e its products and politics. ! -Wa thank our worthy friend of the Bates House for this addition to our sanctum, and are bound j to say in this connection, that all who shall tarry f at his hotel, will find him ever obliging an 1 at- j tentive to their wants. In every respect it wi'l compare most favorably with the best hotels iu the country. Ixdiaxa Cektral. We have passed over this Road several times recently, and can but express our aDOrobation of the manner in whic . it is eonJ acted, and its high state of repair. It is as j smooth as any road over which we have ever j travelled. The cars are generally crowded, and j the Central is now meeting the exp c'ations ofj its friends, as one of the great thoroughfares of the country. State Bank of Indiana. There being at this time much commotion in money affairs, and much discussion and inquiry amongst our people in regard to a reliable and suitable system of Banting in this State, it may not be improper to say something in regard to the State Bank. The charter of the State Bank has two years to run from the first day of the present year, when its discounting privileges expire; but it has two years more to wind up and close its business. The State Bank cannot be re-chartered, or its charter extended, at it nota is, under the new Constitution, for the reason that the S ate is a large stockholder in the present Bank, but cannot be a stockholder in any Bank hereafter; and that the stockholders must hereafter be individually liable for an amount beyond the amount of their stock. Another Bank, upon the same general system, with such variations as might adapt it to the new Constitution, might be chartered and established; but if so done, every citizen of the State would have an equal opportunity of taking stock therein; whether stockholders in the present Bank or not. It would be entirely a new Institution. Neither the present State Bank, as a corporation, nor its stockholders, are asking for a new charter or an extension. Xo application of this kind will be made to the Legislature, directly or indirectly, as a re-charter upon such provisions as the Legislature has power to give, is neither expected nor desired, and so far as is now known, would not be accepted. If, however, the Legislature shall see proper to create a new State Bank, upon the same general system as the present, with such, changes as might be required and desired, some of the stockholders in the present Bank might be inclined to take stock in common with others, in the new institution, if, in their judgment it would succeed to be profitable, and attain to that high and honorable credit the present Bank has attained. The stock of the present Bank has paid well, generally, from the first to the present time; its notes have circulated freely through the whole Mississippi valley, from the Gulf of Mexico to the Lakes, and few institutions of the kind, if any, have ever enjoyed a greater share of credit and confidence. These are facts too well known to require any proof whatever. The Bank will have earned for the State over a million of dollars of clear profit, for educational purposes, besides having supplied at all times a safe and reliable cir culation, and afforded extensive facilities, according to its capital, for the assistance of commerce. The circulation of all the Branches of the State Bank has been rapidly and largely returned upon them during the last season, for coin and exchange, in common with all other accessible specie paying Banks in the West; and her ability for usefulness to the public has, on that account, been somewhat lessened, or reduced into narrow bounds; but yet she has done much for the assistance of trade, and the export of the surplus products of the State; and she is now in an excellent and healthy condition, as her recently published statement will show. If, therefore, the people of the State should in- j cline to consider the propriety of establishing a j new State Bank to take the place of the old, the j question may be fairly and calmly considered, j without selfish or party prejudices, and with sim-! pie reference to the best interests ot the State. j GEOLOGICAL Sckvit OF tux State. The Gov- j erner in his message recommends an appropriation for a geological survey of the State. The House has already taken hold of the matter, and a committee thereof recommends that 3,000 be set apart for that purpose. This may be all right and proper. Much good might result from such an -exposition of the hidden wealth of the State, as such a surrey would disclose. In an agricultural point of view it would be very valuable. In other respects it would be profitable. Yet under the free trade policy of Got. Wright, the survey would loose much of iu value from the fact that we already know (hat in this State we have exhaustless beds of mineral ore-that cannot be brought into use because of the competition of foreign manufacturers. However, should the Legislature make an appropriation, it will be important to secure the services of a competent geologist to make a reconnoisauce. Let the Legislature give thns part of ti e project its particular attention. Men will aspire to that position who are entirely incompetent, and to place funds in their hands for such a purpose, would be worse than useless. We caution the Legislature against all such humbugs, and advise that th person shall be selected before the appropriation is made, or simultaneous therewith. Isdividoal Liasilitt. The question of individual liability of stockholders in.' banks is about to be tested. Mr. John Thompson has commenced suit against the Eighth Avenue Bank in New York, on a large amount cf its notes for the difference between par and 94 cents on the dollar, at which rate the notes are redeemed at the bank department. After obtaining judgment, "unless the bank pajs the amount it is said, he will have recourse to he private property of sosse of the stockholders, v

Blackwood. The December No. of Blackwool made its appearance with its accustomed punctuality, Its contents are " The Story of the Campaign, Written ia a Tent in the Crimea." This article has the merit of giving a connected account of the military operations in the Crimea but is noto graphic as some of the letters which have appeared iu the London newspapers, while it contains no facts with which we have not already been made acquainted. Saidee, a romance part 1st; Education of the Royal Artillery; The influence of Gold on the Commercial and Social condition of the world part 2d ; The Jews, a tale from the Russian; The Twentieth of Sept.. 1854; Prospects of the Modern Drama; Peace and War dialogue the 2d ; A few Personal Recollections of Christopher North, by the author of Ten Thousand a Year. Those who have not been taking Blaclcvcood,

or any of the foreign Reviews re-published by j Leonard Scott & Co., will find this a favorable j time to begin, as a new volume of Blaclcvcood and i of all the Reviews but the Xorth British, begins j with the January number. The volume of the j North British began with the number for last No- ; vember. The postage on Blackwood and the ' Jievuws is trifling, and as they can be obtained sooner by mail than from agents, it is better to order them from the publishers direct. From thk Seat of War. The news by the last arrival is not important. It is said, however, that the allied forces have determined upon another attack upon Sevastopol. If the bombardment should prove unsuccessful, it is determined to storm the city from the south side. The negotiations at Vienna had been postponed for two weeks, to give the Czar one more chance to come to terms. X3T The Evening Dispatch, of St Louis, gives the following account of some of the "antecedents" of James Harlan, the recently elected Senator from Iowa: Some years ago a scrawny, little, dirty-nosed man came to Greencastle and entered College as a student. His money was scarce, but of perseverance he had a stock worth something, and studiously plied himself to manual labor to earn his bread. He strove against every besetment, of which there are not a few in poverty's vale, untill he gradually won the attention and esteem of his countrymen. He moved West, after graduating with honor to himself and the college landed in the clever little State of Iowa, grew with it, and finally, after a citizenship of some years, was a few days ago elected U. S. Senator in Congress from that State. During Mr. Harlan's attendance at Greencastle, he and Harvy D. Scott, the Congressman from the Terre Haute District, we are told, roomed together, doing their own cooking and other chores, and living iu the most economical manner, in order, with their scanty means, to get an education. They may both live to do more and be more than they have yet attained to, but they will never achieve anything so creditable as this "pursui tof knowledge under difficulties." They have anted their high places, and, we doubt not, will fill them well. Jnd. Journal. Elihu Burritt, the well-known philanthropist, lias issued the first number of a magazine, called The citizen of the World; of which he hrs assumed the editorial charge. The periodical is devoted to the principles with which the name of the editor is identified, and will aim at an impartial view, in the light of human brotherhood, of the institutions and enterprises which affect the common welfare of nations as a family, and the rights and duties of a man as an individual being. It is to be published monthly by George W. Taylor, Philadelphia. Serious Shooting Affraf. Another of those shooting affrays which have of late become so frequent in this city, came off at the National Theatre, Saturday evening. The circumstances, as we learn them, are as fullows: A young man named lliland H. Ormsbee, well known to the community, was recently married to a lady moving in respectable circles in this city. Reports coming to his ears that an individual named Thomas Jennings, son of a Main Street Merchant, had boasted of having seduced his wife prior to her marriage with himself, he armed himself with a revolver and proceeded in quest of Jennings. Learning that he was at the Theatre, he immediately repaired thither, and sent in word that a gentleman wished to see him, for a moment, outside. Jennings came out, and in reply to Ormsbee, avowed that he had said all that was alleged. Ormsbee immediately drew his pistol and fired. The ball entered the upper lip of Jennings, tearing off part of the nose, and lodging no one as yet knows where. Ormsbee immediately surrendered himself into the custody of Deputy Mar shal Grey, who witnessed the occurrence, and from whom we have the particulars. Jennings was conveved to the Woodruff House, and medi cal assistance called. It was thought that the shot must result fatallv, but later accounts say that he will probably survive, though he will beundoubtedly disfigured for life. Ormsbee, this morning, had his examination at the Police Court, and was held in 81,000 bonds, to answer at the next term of the Court of Common Pleas. Cincinnati Times. Emigration to Texas. The Galveston News of the 19th says: "Never have we before heard of such vast crowds of persons coming to our Stale. All the great thoroughfares through the country are reported to be literally thronged with immigrant wagons. A gentleman just from Mississippi, overland, says, that at Rodney the steam ferry was employed night and day in taking emigrants across the Mississippi. He says that fully one thousand persons crossed during the short time he was delayed there, and that the stream of persons arriving and destined for Texas, wasj uninterrupted. Another gentleman who crossed! the Trinity at Robbin's ferry a few days ago, says j he was there five days wailing for his turn to cross, j These emigrants are said to be mostly planters of; wealth and intelligence. Another gentleman from the Trini'y confirms these reports as regards ' tlie extraordinary amount of immigration this year, and expresses the opinion that this year's immigration will equal all that has preceded during the last five years." Claim of Alii. McLkod. Mr. Alex. McLeod has preferred a claim before the joint commissionin London, against the L nited States government for compensation to the extent of j5.000, for the sufferings and losses sustained by him during his imprisonment and prosecution in this country, on the charge of being concerned ia the attack on the Caroline. It will be remembered that McLeod came into the United States with an armed party and burnt an American steamboat in an American harbor, during the Canadian rebellion. The French Government, it is sUUd con tinues to purchase largely in the New York market of pork and corn. A short time since a vessel sailed from Brest with 3,000 barrels pork ou board aud another vessel is now loading for France with a like amount, j

COIiIiECTATTBA.

'Etui:? rata Scifurt tie t .'., "J ore .setter. Basil Essep, of Liberty, Union county, who was supposed to be engaged in robbing an Express Company, who attempted to turn Sa'e's evidence, but whose story was so contradictory, that no confidence was placed ia it, and who was subsequently charged with perjury and placed in jail to await his trial, escaped from his confinement, and on Monday last was arrested in Indianapolis. Basil finds "Jordan a hard road to j travel. A committee in the Legislature has reported against the expediency of further legislation in regard to sheep-killing dogs. We should : like to see each member who voted to concur in ' that report, tied to a stake, and an old ram we wot of have a chance to butt them a few times in the b stomach. The legislature of Illinois hag agreed to go into the election of an U. S. Senator on the 31st ult. The last arrival from California brought 8533,000 in -gold. Ten thousand men, out of employment, paraded through the streets of New York, on the 15th inst., and held a grand meeting in the Park, ; where inflammatory speeches were made. The residence of J. A. Haven, at Fort Washington, was destroyed by fire on the 13th inst. The fire broke out in the laundry at an early hour in the morning. Two of his daughters were suffocated to death, and the other was got out of the building in a dying state. It was reported that a servant girl also perished in the flames. In the municipal election at San Antonio, the Know Nolhings were victorious by a ' large majority. A band of robbers entered the Farmer's Bank, Mount Holly, N. J., on the night of the 12th inst. When the watchman, come in they bound and gagged him. The rob-: bers were in the Bank until the next morning, but were unable to open the safe, and got no : money. In compliance with a recommenda- j tion of the Governor of Massachusetts, seven ' military companies composed exclusively of foreigners, has been disbanded. A letter to the : Courier says the United States Consul at Bogo-j ta, Mr. Bennett, was attacked by a party of sol-! diers at his residence, and several volleys fired. , Mr. Bennett escaped uninjured, but his servant . had his arm broken. The Consul had dispatched ! full particulars to Washington. There was a j destructive fire at Evansville, Ind., on the 13th inst. The repairs on the Erie Railroad are i nearly completed. The house of Page, Bacon 1 Ss Co., Bankers, St. Louis, has failed. They were ; contractors upon the Western division of the j Ohio and Mississippi railroad. Senator Nor- i ris, of New Hampshire, died lasl evening at Washington, after a hort illness. A young1 widow with 880,000, in New York, advertises for a husband not over five feet ten inches in length. Nothing is said about breadth. A ' bashful printer refused a situation in a printing-; office where females were employed, saying that he never "set up" with a girl in his life. A western editor thinks that Hirani Powers, the ; unfortunate Greek girl out of a block of marble. 1 Hon. "Long John" Wentworth. of Illinois, 1 writes home from Congress to his friends, that he thinks the Know Nothing question is going to ; overrule even the slavery question. -Tho Band wich Island Friend says that just fifty ships visited the Arctic Ocean this season, and that thirty of these have returned without a barrel of oil, while several of the remaining twenty took barely enough to keep their binnacle lamps burning. : The change in times in regard to money and . labor during the past year, is exemplified in the ; fact that a year ago strikes for higlier wages were ; frequent, and now many engaged in them are: begging for work, and in some instances for bread. ' The Massachusetts Legislature has by a vote directed the clerks not to provide themselves or members, any but American stationery. In one of the New York Courts, Joseph Harrison is sued for 8200,000, it being the penalty for the erection of houses in the city without brick partitions, and as Harrison built the houses in 1851, the penalty has reached this enormous amount. At a recent municipal election in Fayetteville, N. C, the whole Know Nothing ticket was surcessful by a majority of more than four to one. Nearly 200 persons, says the New York Express, has been discharged from the Bible House. Cause want of funds to pay them if kept on. An Eastern editor says he had "rather marry a pretty foot than a pretty face." What is this but saying he had rather hare a pretty kick than a pretty kiss! A company of about fifty Mormons recently crossed the Missouri nier eastwardly, in search of a new home, having left Salt Lake on account of the oppression and immorality of their church. The Navy of England exceeds by several vessels, and by nearly 2,000 guns, the combined navies of France, Russia and the United States. Legislative Summary. Monday, Jan. 1 5, 1 855. Senate. Reports of the branches of the State Bank at Bedford and Indianapolis, were laid be- j fore the Senate; report that it was iiexpedient to legislate upon the subject of requiring owners of real estate to give in its value and amount under oath, was concurred in; bills were reported to provide for straightening the Kankakee river, and draining the marshes contiguous; to provide for the election and compensation of an Attorney-' General; reports coniurred ia, that it is expedient to make it a felony for any bank to suspend specie ' paymetn; inexpedient to amend the law in regard to executive debtors; inexpedient to fix a penalty ; for the delay of freight by railroad companies. Several resolutions of instructions to committees were adopted. When the committee act we will let the reader know the result. The subject of electing a LTnited States Senator, was brought before the Senate, upon a resolution offered by ' Mr. Suit; on motion of Mr. Anthony, an old-line Senator, the resolution was postponed until the 22d of February next, by a party vote many Sers3srs being absent; bills were introduced fixing the time of holding courts in the 8th judicial circuit, (passed) amending sec. 1 of an act exempting property from execution to authorise the refunding of money to purchasers of swamp lands where mistakes have been made; to ' regulate fees of county Auditor's for transferring deeds for taxation; to provide for the taxation of railroad companies; to amend the act in relation to the duties of Justices of the Peace. A communication from the Governor, enclosing a memorial from the Society of Friends, ia England, on the subject of slavery, was laid before the Senate; an unsuccessful motion was made to print ' the document for the use of the Senate, when the ' files being cleared, the Senate took a recess. j

Inthe afternoon but little was d re. One bid reported to so srccnJ the usury hw a? to a"- vv the taking of u-p per cent, interest upon c'iit&.$ in writing; aril one introduced icic-tating t:.e former trustees of the town of Olarksvil'.o. Tr.c memorial oa slavery from the Society of Friends iu England was taken from the tablv and referred to the committee oa Fed-.-ra' Relations. TV.e Auditor, in answer to a resolution on that subject, communicated to the Senate Lis ixasons for not issuing swamp land patents in greater quantities than 43 acre lots. House. A ic port was made against the expediency of further legislation on the subject of sheep kiiliugdog, which was concurred in. Also, stating thai in the oj inion of the committee it would be expedient to appropriate three thousand dollars for a geological survey: which, was laidou the table. Several resolution were offered, sonic of which are as follows. To dispense with the use of seals to deeds of conveyance; to take from the Township Trustees tlie power to open and lay out roads; to require one-half of State stocks deposited by free banks to be owned bv citizens of this State. Two resolutions, in effect, te repeal the General Free Bank law, were laid on the table. TvKso.tr, Jan. 1G. Senate. Reports were made against the expediency of amending the Election Law in favor of a bill giving Circuit Courts concurrent jurisdiction with Courts of Common Pleas. Resolution adopted in favor of extending jurisdiction of the Court of Common Pleas over felonies. Resolutions of instructions oa various subjects were adopted. Joint le-olution was adopted praying Congress to give its consent to eonsolodate the township school fund with the other school-funds. Bills introduced to provide for the election of U. S. Senator, and to till vacancies to create the 12th Judicial Circuit; to amend the School law in rela'ioii to the transfer of excess of School funds; to provide for closing up business in the Circuit Court; to repeal sec. 5 of an act to conolodate stock of railroads; to regulate the crossing of roads and highways by railroads. In the afternoon, bills were introduced providing for extending the time for holding Circuit Courts when the business required it; providing for an oflicial notice when laws go into force; to enable parties to convey lands, tenements and hereditaments; confirming titles to swamp lands. The balance of the day was consumed in the discussion of a motion made by Mr. Anthony to postpone House resolution providing for the election of U. S. Senator on Tuesday next, until the 22d day of Feb'y. House. The Speaker laid before tlie House a

communication from Mr. Mills, the Superintendent of Common Schools, showing that a three mill Lax would be sufficient, with the net income from the special school fund to keep the schools open six months in the year. Also, one from the Treasurer of State.stating that there were 40,000 of free bank paper in his office, of which 834,OOO were on banks paying specie. Reports were made, against changing the present mode of enlisting property for taxation; concurred iu allowing executors and administrators of solvent estates to pay off claims against said estates, and to legalize all payments made by such heretofore, that there was no law prohibiting the Wabash and Erio Canal, and property belonging to it, from being taied; agaiustthe expediency of abolishing Courts of Common l'leas; against the expediency of abolishing Township Assessors; against increasing to 8800 the ?a!anes of ilvwi-uinig .-vuoTneys. tNjveral ol these reports . were Uid on the table for the present. Several resolutions were offered and adopted, among which are: To abolish Township Trustees, and transfer their duties to the County Commissioners; to go into an election for U S. Senator on Thursday next; to require the Auditor to report what fees he has received under the genoral banking law, and the amount of his expenditures in clerk hire; to extend for five years the time of payment of mortgages for trut funds; to procure information from Clerks of Courts and Mayors, of the number of minors committed by them during the last year, and from the Warden of the State Prison, of the number now in prison; to re-enact the law of last session, relative to fees and salaries, Directing 10,000 copies of the annual report of the Superintendent of Common Schools to be printed; to provide for special sessions of the County Commissioners; to authorize the Treasurer of State to have a credit for money advanced by him to the door-keeper for postage stamps. Many Bills were introduced. The most important are: To enable railroad companies to settte with oreditors by conveying part of their road to them; authorizing persons dispossessed of real estate to convey their rights to others, who may bring suit, tfce.; to authorize County Comissioners to fill vacancies in the office of Clerk; to provide for a Geological Survey of the State; to allow landlords a lein on crops of their tenants; to punish profanity; to amend the Constitution so as to abolish the office of Superintendent of Common Schools. Bills passed : To ammend the act incorporating the Indiana Cotton Mills. Ioinrs in Concrete. Washington, Jan. 15. Senate. Mr. Brondhead moved that the Senate consider the joint resolution to send relief to Dr. Kane. He said there were special reasons for it. Mr. Gwin, fiorn the special committee on the Pacific railway, proposed two substitutes for the bill on that subject. Mr. Broadhead again asked the consideration of the resolution on the Arctic expedition, and it was taken up. Mr. Hunter objected to its passage on the ground that the search for Dr. Kane would lead to the loss of more lives, owing to the uncertainty of the position of the Arctic expedition. Mr. Mallory explained that Dr. Kane had made arrangements, by monuments and signals, so that if lost, his track and route could be discovered. Mr. Hunter acquiesced after Mr. Mallory's explanation, and the joint resolution passed. Hovse. The House went into committee on the Pacific Railway bill. Mr. Stephens, of Ga., made a speech, to show tho great superiority of slave labor ia Georgia over free labor in Ohio, and incidentally advocated the acquisition of Cuba. Mr. Boyce strongly opposed the acquisition of the Island, and said the project was fraught with danger to the South, and wholly inexpedient. The House then took a recess until seven o'clock. . At seven o'clock, the House having agstin assembled, Mr. Smith, of Alabama, made a strong Know Nothing speech. Several speeches were made in favor of tlie Pacific Railway, after which the House adjourned. Jaxvaht 16. Senate. The Compensation bill was taken up. The bill was debated, and various amendments adopted, so as to give members of Congress 82,5' per annum and mileage, Judges of the Supreme Court 7000, the District Judges from two to 85000 per annum. Pending the debate, the Senate went into Executive session, and confirmed the appointment of J. C. Breckenridgo, Minister to Spaia, and soon after adjourned.

:xi:in. Fi nd. We nt use :: j to.. -wmg extr ict tromthe Report of the CommUsloTrs : the S :.:ng Fund, 83 we find i; iu the Piei -r.a nrr. i'. 1 has more than orc'.inary interest at t':,L; tin'.i , as the entire proceeds. after flying the think rLi bonds, are to bo api to t..e , ''.r.s of of Comm. Hank, ilu n Schools. la Commis-iot ers sav: Notw iil.star.ding the various changes in financial :ui..irs since ti c organization of the bank, it is erv T;V.;fvi;ig to be enabled to state that the ob'oct and expectation of the Commissioners seem .to be secure of accomplishment, that the proiiu realized for the State for in nobe object ot com- . mon school education, w i:i considerably exceed one and a halt million of dollars over and above discharging in full the bonds of the State issued . for her bank loan. The resources .f tlie fund are as follows: , St-cfc iii the Str.(J l'ai.k of Ir.JiAA, : I.oiuj T !'u f:-r. i. ... $ 1.0 13.751 T 1 UJ1.9-A- 4j B.oJof the State isiae.l for laak cni prch6 CCO I IU,u,U cf tt.e St issue ! fur lister:.! irtsvttt ; ruf'd, full off t )' le r'urid froai tiitf 1 :vba!l College. u:.ucr a siv.i u- . hi .u.iiw..h.Treasury I ot tr.e ; rov nusi. t I urj-o' e.e suM for internal imre.letmeJ al l.n I" the ,. l-v lw. - - - s-nv.jou "J liit-jjct a.l.'weJ ia reurcuur.e such treaW oot,-.. - - - 133.LSJ C0-721.SU 06 Cash lalince .ice t'i? Van i at the Fst, a:u! iu the rajtoUcs . f ibe Sttae Hank, 51,931 CO Which arc su?Mct to fie it.tcrest fur Jaiiuarv 1. lrii, UU Co:iiai;3.:o:ier'a 53.3 - 1.S12 43 The liabilities of the fund are as follows: Itviiv! of the Siate UtueJ for Han capital, - 1 ."..; y T the Stte fur sun-la revenue. - To the Sime f-r alme ami lUiik ts fund lnvetel ! in biiit stocK. - - - " ' For exciss . f I iJs 0:1 salts f forfte.c-J lanJj, - iu,i; 5 ria S1..11-.VMS 15 LeaviTi an excess of n.oana. over all liitilities, in- . ciud.ng l!ie lu ment t-i Ifae Slate bomls, of $ 1 .iSiVol tti I This is the excess, if the bonds of the S:.ite ; issued for bank capital, are discharged at their f;iee, whereas, being only rive per cent, bonds. anl not tailing due Irom me oiaie until me )ears. 186 4, ISt'.oand in!, and they have been pur1 chased by the Commissioners, so far as they have ! been offered to them, since they were authorized j by law to purchase them, at from eighty to ninejty cents on the dollar. ; When bonds issued by other Slates, bearing j six per cent, interest, are worth par, of course j these bonds bearing only live per cent, interest, i are only intrinsically worth S3 cents on the dollar, the interest on that price at d per cent, yield- : ing 5 per cent. I "As the business of the State Bank will finally close in January, I !'.-:', ana as sue must oegui ;'n the business of winding up 1st ot January, loo, being tight years before the average period ot I the State bonds falling due, and the means will be realized from the stock and profits of the iBank, it is expected, without much delay thereI od. iIia l',immii,m(.n do nnt entertain a doubt of being able to purchase a large part of the bonds at the above relative value of a 5 per cent, bond, 831 cents, compared with a six per ! cent Slate bond at par. Therefore, it has not been deemed sound policy of the Commissioners !- .1 f ,l, r,A t. ,n,M,nn. to siiiuuiaie. me once 01 in- l-muj uu ...... ' ral cost, by paying more for them than the value in the money "market of bonds of other solvent i States, bearing five per cent, interest. ! The stock of the State, also, ia tha -!.. ' only -op" a.eatove statement at par, while j it is reasonably to be expected, in view of the j large surplus fund it has accumulated, that with ordinary success in the remaining two years' bu- ' siness of the bank, and a judicious closing in the additional two years allowed her by the charter, j that a very considerable addition will be realized ! above the par of the stock, exclusive of all losses; so that, in every point of view, the Commission- ; ers do not entertain a doubt, but that with the i same care and prudence that lias lieen thus far bestowed in the affairs and management of the bank and of the sinking fund, continued until the business entrusted to each is closed to the best advantage, as contemplated by the charter : in the year, 185'J, the highest expectations of the j friends of common school education in the State . will be amply realized. I For the Palladium. ! Milton, January 15, 1855. j Kditoks Palladium: With perhaps the very j worst cough of the season, I find myself in a poor plight to write you my first epistle iu the new : year. ! The bright and geniil features of the young iyear, which caused it to be so warmly welcomed by all, are rapidly changing into the sombre chilling frown. Like the heartless and ungrateful i politician, now that it is firmly fixed in its place, ; it is turning the "cold shoulder" to its friends and ; admirers. Well, well Its sojourn here will not be lonj K"en now in Time's Rreat river. It, too, is Muatiug ocean-ward. For nothing lasts forever! Ahem! Phatcstk a. Oogh oogh oogh; tshee tshee tshee; slap. Ah! this cold will bring about my prostration, I ; fear. Was at the capital last week, and contract- j ; ed the largest cold to be found in that huge depos- ! I itory of colds and, like Stock money.it is depre- 1 ciating in value hourly, in the estimation of i ' your correspondent. j I Indianapolis, when I was there, was chuck full , i of law-makers, strangers and State Stock money. ! ! The members of the Legislature were going to ; work with an energy that leads us to hope that much will be done by that body to extricate us I from the difficulties into which we find ou selves ! thrown in conse juence"of the lame and mutilated j laws of the land. i The House of Representatives, judging from' (the appearance of all, and the known ability of imany of its members, possesses capacity equal to (the great emergency as does, perhaps, also the ! Senate, but it is feared there is a disposition to

t o.:.V!ISS!oM-KS OK TilS

thwart the action of the House in reference to jarison importan measures. 1 "ew Albany, - 1 am glad to believe that Wayne county has a Evansville" -delegation there that will act their part ability Lafavette ' who have the ability and industry to look after

the interests of their constituents. Meredith pitches into the work with an energy that almost bids defiance to opposition. Test rises in his seat

j and speaks with a prepossession that bespeaks long he stopped at Springfield. The reply was I for him the closest attention, and shows him the twenty minutes. When ihe reached Ilartfjrd, (sensible and experienced legislator. Stanton, ' she supposed it was Springfield, and went into j though maintaining a proper and prudent re-. the refreshment room and ordered supper. Afj serve, as a young member, is a working member, fer eating she inquired how much longer she in committee and in his seat, and will vote right, had to stay, when she was informed that the cars sand not ijeglect his duty. Burk, of the Senau-, ,Lad been gone five minutes: She exclaimed, "I i is with the minority, but when duty calls lie will have lost my baby," and sank down fainting. be at his post, wily acting his part. In short. I A telegraph dwpatch was at one snt up, and i doubt if the pepole of Wayne county could the infant returned by the next downward train, have selected a delegation better adapted to the ' much to the joy of the mother, who, we trust j exigencies of the times. ; when she again goes after refreshm-nta will no, i It is doubtful whether all the business requi- leave her baby in the car. Hartford Courant. ring attention will be transacted during tbe pres- ! I entsession: Much more, I fear, is expected from NaTrRALizaTioy. The past has been a buy : the present legislature by the people, than can ' year at the naturalization Offices, and the ending s b reas-.nablv hoped for, considering that it is a promises to be more so. In the Superior Court two-side 1 concern. The House has the talent and of the city of "ew ork, naturalization papers material to a:tend to all matters requirin- legis- j were issued to 31 45 foreigners. ant. m the Court lauon, but unfortunately there is a lack of the same 1 of Common Pleas, to 3,459 making a total ol kind of material in the Senate, and hence that j 6.69 4. During the same time. 5,943 Lave do-

i!rs L-wUh ..U water on j tlie emanations of tbe House. Then there is the I third House, that in general Las as much to do iwiJithe legislation of the country as the other two. It is to that ubiquitous and irresponsible body that the pople may attribute th present i epoch in the monetary affairs of tfc State. 1 Tbe Broker was around when the FreeEanking provision was engrailed upon the const !He was around when the act stablishin solution. Free

Bank was passed, aud he was around when

aoout io oe so amended as to les a tfv chances for practising a swindle upon the peoj k The Broker is a powerful member of tl.ekhbT and as such re has various ways of makiag him-se-t f. !r. business is to buy and sell moaer snd te.i.ve the j-e-ople; ia the same manner he buys and sehs members of the Legislature, aaj s'U7i'lS them of their integrity. This dene, he t svce prepares for his fatal and relentless wxy upori le.e pockets of the hard-working, industrious, bu-ines i men of the country. All the bu. si:ies men of this State have at this time, I thiuk some knowledge of the operations of these nxnied ampires. None need ask, as in the case of Nun, where is tr.e broker, lie is everywhere So common has the animal become, that it i somewhat difficult to determine who is not a hnv. I . kt-r, aud I should not be surprised if this very j j commonality would bring his business into disrepute. ' The election of U. S. Senator will, it is thought, be attended with some difficulty, in consequence of the power of the Senate to refuse to go into aa j election, unless the result bo favorable to a ma- ; joritv of that branch of the Legislature. I cannot, however, believe that the Old Line Demoe-ni.-y will be so blind as to take upou themselves j the responsibility to stave off the election, and thus give another downward impetus to their al- j ready waning fortunes. .Yomj rerrons. Who is j the most likely to be the man, I have not been f able to determiue. All with whom I conversed f in refere nce to this matter, at Indiauapolis, seem- I ed to be emphatically Know Nothings. The man ? v roue in the omniDus with 'am, will mot : . liken we Cliosen. Senator lVttit was passing round among tha members, with book and pencil, taking down the names, I fttjpose, of members who are willing to vote for his return to the Senate. It is a little astonihing that there could be found a living man in Indiana who would again vote to return that great soup tub, when there are so many decent men in both parties of superior qualifications. lne dwelling house ot Charles Moore, about ,.ilf a Inile easl wf Milton, caught fire some tim 0n Saturday night last, and was entirely consumej with Carly all the household etleehs, ihe inmates barely escaping with their lives. Mrs. Moore, I understand, had her feet terribly frozen, living obliged to escape in their bar feet. Some of the b'hoys in the south part of town, look ;t jnto t,eir heads one night hist week, to go jIlto a nlaus house and administer to him a roost unmeroiful cudgeling, while in his bed asleep. , n 0j m;,n and his son were arrested on suspickm of having aidod and abetted. They wera examined and discharged. The one who plied the club, left for parts uuknown. Oough oou,,,. l ours, coughing. ECHO. jtifThe Madison Banner complies the followlow ing statement of the wealth and amount of revenue derived from the ten largest counties in the State, from which it appears that in some important particulars, Jefferson county andMad- - , j c.aU. $37,oi58 31,749 68 "32,91560 28,211 14 26,472 88 25,219 56 24,505 56 Jeuersou, 2. Marion, 3. Wayne, 4. Tippecanoe, ji. Vigo, 6. Floyd. 7. Dearborn, 8. Rush, 9. Clay. 23,533 tr. 21,397 73 i 21,320 40 j 10. Vanderburgh, The value of the. taxable property in thM. respective counties, in Io4, was as follows: 1. Jefferson, - 2. Marion, 3. Wayne, 4. Vigo, - - 5. Dearborn, - 6. Tippecanoe, 7. Floyd, - - 8. Rush; - - 9. Vanderburgh, 10. Clark, - 10,320,816 - 10,215,746 8,92,810 7,401,023 7,273,540 7,212,640 6,890,eC 6,405,604 5,G(X),882 5,423,720 Th school fund for the year 1 854, from each county, is as follows: 1. Wayne, 2. Vigo, 3. Jefferson, - 4. Hush, 5. Vanderburgh, G. Tippecanoe, 7. Marion, 8. Dearborn, - 9. Clark, 10. Floyd, $72,368 93 C0.G93 70 50,853 21 49,4 13 59 45,662 18 45,287 18 43,920 10 43,117 16 43,417 16 25,008 36 Children attending the common schools in these counties: 1. Marion, - - - 2. Jefferson, - - - - - 3. Wayne, - - - - - 4. Vigo, - - - - - 5. Dearborn, - G. Tippecanoe, - - - 7. Rush, r 8. Floyd, 9. Clark, IO. Vanderburgh, - Taxes levied for the State treasury, 1854 1 . Marion, 2. Wayne, 3. Jfflerson, 4. Dearborn, 5. Floyd, G. Vigo, 7. Rush, 8. Vanderburgh, 9. Clark, 8 1 7,300 00 1 5,523 43 13,087 40 1 2,263 21 11,779 57 11,406 12 10,871 78 9,626 96 . 9, 132 47 " 10. Tippecanoe, no report. ' Value of city property in 1854: Tnli;,r,im.i;, . S2, 706,1 10 2,580,415 2,327,752 2,051,416 1,045,948 Accidf.tal Desibtion. On Thursday night a lady, who was traveling on the express train, with an infant, inquired of the conductor how clarea tr.eir intention io become citizens in Superior Court alone of whom 2,079 were from Great Britain and the balance from other countries, but principally frcm Germany. Since the above statement was made out, tL number of applications for initiatory papers exceed all precedent, reaching, in the Suprtm Court, as high as 150 in a .ingle day. It is reported that the same is true of the Kings county and Brooklyn city Courts. Xne York Courier.

9,776 f 9,721 J 9,658 8,722 3,527 7.322 6,203 ; 5,903 I 5,012 ? 3,531 f

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