Vincennes Gazette, Volume 6, Number 29, Vincennes, Knox County, 17 December 1836 — Page 1

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jit ir. yoli:3:e vi. lci ;;;!. satuuoay 3iou-i:( Di;c ,3n; Kit 17, i NUMBER 211

QOVEPiNCR'S MESSAGE, (icntlcLim (f the Scnu'i

end of ; Tiit' antic; j June ( r ju t.-. ((;':( i'. imposed bv car respective Fitualions ha o Mi 'rammed us to the capiti.I. at the time rppc ! by law. !'r '.Im transaction of bus ir:'??-; eon:wt 1 wi.h public interests: raid v, e Lave r . ;) v -joice that with the close i -I' die sc-. -;:i ami of the year, our state ami our eaicusare left in the enjovnicnt of all the blessimrs attendant 1151011 a free frovcrmncnt ami industrious prudent people. Labor and its products have been liberally rewarded: the soil has yielded its fruits in proi'usion: enterprise of cverv deseripti ai been lullv compensated; tne auui s to our nonulalion have iee:i uneuuaiieia .... iial has been ilowmg 1:1 !rom every en ter, and whilst in the midst id' an ah:;: ant prosperity, a decree of health laihe unknown has pervaded the : For these our grate 1W aehnow U'Hcinei.t-' due to a munificent and Do hf Ha, ah The law enai'.'i ;PLr t ie moiie 01 tar. in if supplies for die Treasury po-t'iuma! the time for making a report of the assess ments to the Auditor to the month ol December, w hieh jireeludes i!ie (I'overnor and l.xeeulive Olhcers lrom makir.r vou acijuainted wn'.i its ( licet upon the revenue, or of presentini on with a prospective view of the state of the Treasury. It is supposed, however, that there will be a small increase of the nett proceeds compared with last year, and that the Treasury will be prepared to meet the ordinary demands upon it the ensuing year. The balance on hand at the date of the last report of the Treasury, and the receipts from all sources the present year amount to ! 'i'i, 10 1,50. The payments made for the same lime, including about Srio.OOO on account of the State House, under the act of last session, amount to sl-',-11. which leaves a balance of ;S,959 55, beyond the available means of the Treasury. Two years ago the Treasury was authorized by law, to make a small loan to meet the remaining liabilities of the state for building and furnishing the .State House. The claims intended to be provided for lv the loan, were f-ub.-eopieutly paid by the application of other funds i:i the hands ol the 1 reasurcr v iihout resorting to the loan, and it is to this e.mse, in part, that they may be ascribed the didieit exhibited in the report he v ill soon make. linmi'dialelv following your adjournliient of the hit ion, tne TO of the usirimr lnoiob March, w.is de .'. r-1 mrelieu' id inaieil as toe Stale ; at loch complied I'll i ti.'s ol' tiie day for the 1 l!i ;o d of Intern. 1 lmpro emrn tnn v 11' its me 0: rs com'cned. 1 i-ii"s and form ill th rei; its , 1!, law 111 in the di pon-rde or2 r.li.atio;-. a'.i'l ir -'' of us le.iiii'-r t . . ld:v ;i n-i'i 1 ntereii us and : of tl'.e u; mairnitiu'e ot tue lutereats c nit ll to its charirc and of the respons;1, curred bv so I.uye an rxpenihttire ieets ef deep interest to the state,'!: ty iii!1 OllUoard. after a free interchange of vievs ami mature deliberation, decided upon its plans and determi'ied upon the in for their execution. i --ures to oe i ursm j i IaMiiir siam-J to eacn member tne direction and super. iiten.lonce of a portion of tl'.e work, the nextdui to be performed preparatory to an cnhtrired sphere of active sen ice was that of procuriiDi the requisite number of I hitrir.eers. Before the whole force required could lie organized it was found necessary to j-end to the eastern states: for which purpose the Chief Enainccr 011 Canals, Mr. Williams, (Jen. Clendenin of the Hoard, visited several of the states, but returned without engaging an l'.ngineer in chief for our roads rnd rail-ways, and without the desired number for the subordinate stations. This failure produced some delay in sending the necessary force to the lield, which imposed an additional amount of labor upon the Engineer in chief and upon several of the commissioner: hut by perseverance on their part nearly all the work was accomplished in conformity with the directions of the Hoard. A brief outline of the result of their labors 1 will now endeavor to lay before you. The operations on the. Wabn.-hand Eric Canal have been steaddv and cnrrsotii-al-Iv progressing. The navigation of the middle division from Fort Wayne to Huntington has been uninterrupted, and the severe tests to which it has been subjected by the frequent freshets of the summer and autumn give satisfactory evidence of the kill and faithfulness of the ollicers and contractors entrusted with the work. 01 the line between Huntington and I.afontain's creek, sixteen miles have been filled with water and made ready for navigation, and the remaining twenty miles are completed with the exception of a portion of the locks, which have been delayed by an unlookcd for difficulty in proem-inn etonc of an approved quality. From Lafountain's creek to Georgetown reasonable progress lias been made and several sections have been completed and received. Contracts have been recently extended from Georgetown to Lafayette endn-aeina a distance of forty miles; and it is supposed in two years from this time the whi le route from the east line of the state to the latter point may 1 c ready for naviga t on, if the progress of Ohio in the coi -struction of her part of the work should lie such as to meet our just and reasonable expeditions, of w hich we have no ground

to tan-, .stain a doubt. Mr. Williams, our Chief Fno'ineor, has been directed by the Hoard ef Internal Improvement to cooler

witn ttie proper autnanties 01 unio ana adjust aav matters necessary on the final location of the line at the crossing point between Ohio and Indiana, and when he hall have accomplished the object, and when the progress on the part of Ohio -hall warrant it, that part of the Mink iVoin 1'ort Wayne to the Ohio line will be placed under contract as contemplated by law. About thirty miles of the White Water Canal extending from Lawreneeburch through t!ie fe rtile vallcv of White Water to Hro, 0:1 the i lie were placed under contract 1 Jeptemt her last at the saf p;l many ol t!;e contractors iiave commenced rporatio:!.. From 1 1 a lie lare'e amount ported froi.i that .f pr 0, 1 , ma cx1 l.iSt. popuialoil wiil yield s 1 ;r:ct, im tT i :-s T fo .eve-'tin. ait there stsrv so won a; the The to this it re: e the OiU'.Io to cor.stru thrmiidi h ah a Jeeat t t!i part of the line ritory, required pa-smg ol US SI WO' :!d afford facilities for extendintr h to th.e city of Cincinnati. This requirement has been regarded in the final location, and it is believed, th.e whole mattar is now satisfactorily arranged in a manner mutually benfieial to both states. That resolution I now lay before you. Twenty-three miles of the Central Canal in the vicinity of, and passing through the seat of Government, have been placed under contract at a rate but little bevoml the estimates of the Engineer, and the work in a very spirited manner has been commenced bv income to be de the undertakers. The m.-ive d fr oni he oxt water power to be employed here, the opening of a conveyance for stone am! other materials and the active commerce centering at this point, will soon make it a productive investment for the state. In addition to the portion named, about twenty miles of the southern division, extending from the town of Evansville into the interior, have also been contracted for, and at prices varying but little from the supposed cost as reported by the Engineer. This part of the work terminating at Evansville on the Ohio, that being the landing place and point of sales and purchases for the interior, will soon bring something- in return. On the line of the Cross-cut Canal from Terrc-Haute t the intersection of the Central Canal near the moudi of Eel riv er, a commencement lias a.so been mamI' all the heavy teetions, that will require tie i-ivv.est ;i ;.. .1 01 time lor com'-ei;oi: Several consuic-rations iniiucaeed the Io in making a beginning along this line. It is the most easy, short and r.a'.ur.d connection to command the trade of the Wao;:s in low water and ma.!ve it su en' to the Central Canal. I'.esi h -;ervithis. it opens an avenue to t hr ine quarries and CO runes uong i.el ami v jute rivers, sj a new field for enterprise in furnish icts hitherto unnoticed in ("lay, Owen, and Greene counties. It has been ascertained from an examination made at the most depressed stage of tl'.e stream, that Eel river wiil rd an undnnt supply 01 water, and it is ex pected the expense of a reservoir, on that route can now be obviated. Early last spring a party of Engineers was organized and directed to examine into the practicability of the contemplated Michigan and Erie Canal line. Levels were run across the several summits and thence to the streams relied upon to supply them with water, and the result of the examination r. fiords satisfactory evidence for the belief, that a canal may be constructed at a most reasonable cost, from 1'ort Wnvnc. keeping within our territory, and passing through the valley of the Elkheart, the Hig St Joseph, and Kankakee, terminating at Michigan city, am; olleriug to that important district of country the facilities for transportation which its richness in mineral, a.s well as agricult'.ra.l products?, seems to require. Ami lrom tma formation 01 the country IlilHl the south end of Lake .Michigan, it is supposoiU'ie canal may be extended when the states interested deem it proper, so as to unite with the Illinois and Michigan Canal, thus a Hording to the Illinois valley, the upper Mississippi, and the country borderingon Lake Michigan, a direct communication with Lake Eric, which wi'l be found more safe and advantageous than the present circuitous route through the high northern latitude of Lake Huron. From this view of the subject it wiil be seen that the Michigan and l'rie ("anal, besides its importance to the state has strong claims to the character of a national work. From ihc great supply of w literal the summits it will be found easv for a company or lor the state at a future period, to connect it with the Wabash ca ll d at several points from the mouth of Tippecanoe up. Soon after the meeting of the first session of the Hoard ol" Internal Improvement, a party of Emiim ers was fitted out, and entered upon the lield service, en the Madison ami Lafayette Uail Koad. To overcome the ascent of high ground bordering the Ohio river in the rear o: M adison, at an approved grade, diilicidties wi re presented at the first view, that required lime and labor to obviate, but in die se

lection of the line liualiv adopuu, taey 1 benefits a to comphiu ol'the system. And were surmounted, and a better line has!. it wiil not be surprising if you iind others been determined upon than was supposed ! seizing upon the moment to excite 1111-

could be obtained. At the September let 1 ting, contract were made extending from Madison to Vernon at acceptable prices, ami the work is and will bo during the winter, prosecuted with energy. The i, , 1 ,.....: :.. 1 1. 1 in ai 1 u.uis.ti iiitns in uouui:c ami ai iicies of consumption for the back country, and the large amount of travel from variouspoints through Madison will require such increased facilities that the Board of Internal Improvement, will no doubt direct such progress as w ill be prudent. That tb.e farms and other improvements may conform to it, that part of the line not

heietofore surveyed, between the seat of j and the levies to be made should be disCovemment and Crawfordsville, ought Iributed in advance through ihe whole soon to be established, and a commence- period ofour operations, leaving no 1 year

mem should be made at the latter point, in

time to terminate and meet the canal at'sumi

Lafayette, which wi'l. r.o doubt, receive the tiuu-ly a"ealio;: of the Hoard. I poi the .ew Al'amy and Vincennes mail, the Commi-voner was .co foruitiate ;.s io avan nmiscu ci i:;o servic-s 01 a o. eompt lent Engineer in season i the examinations required on that line, and is permanent location was t lleeti d in time for the letting to be made by order of the Hoard, iu October, at w hich contracts for grading and bridging w ere entered into, embracing the line from New Albany to Faoli, bout forty miles, the cost of which is but llttl 'i.V, t'l.. ...11.1 iHit.1li.1n ..1' il... bove . - . -in .111 1.1. lull V'l t:L i.ngimcr. in the con it. of ho coming :. prepared 1, year that pari of the wor w! or the reeiqition of t!u. metai or eoierni" 01 sione, ana in a lew years the enure .'astanee between -New Albany and ,1 eelim s may be so mi facilities so needed 1 proved as to atl'ord the y the hea v business in exports at those points. Owing to the previous professional en-' gagements of .Mr. Fonilerov, lhe resident Engineer in surveying the IVim-eton Mount Vernon road ad, I! commissioner did not commence the resurvev of the -New .Uuanv and t. rawt.ird-i ihe line, as direetei ,1 by law, until tl'.e second week in July. Hetween that time and the period of the meeting of the Hoard, on the first Mondav in October, the examinations were pushed to the crossing of the West Mraueh of W late Kiver, a report of which was laid before thc Hoard. The examinations not having been carried through to Crawfordsville, the terminating point, it was deemed the most prudential course to give time for the further progress of the survey and to allord the opportunity of a joint examination and cenferrence between the resident and Mr. l'etiil. principal I bmin.-ors: and, li'.erei'ore, the Hoar ion n !.. tin. r it should be aerreil a d.eris-.i!-wav or Me - meantime the , i: Aaimized road. in the Hoar.! directed that eontrai ior graai ng

and imaging tne line, suited 1,1 the eon-l toe contingent strueiie:i of either work. r-houM be mad ", j him. pro ir-ion including that pan from .lellersoiivilie lojThe report ol

New Albany, and early next season an additional and more iim ral amount of W01 !; will be put under contract. L pon the is-ue ofihe enterprise in which we are now engaged our state has s fat her fortunes. She has assumed a great responsibility, but one that is full of hope and of promise and one that can secure for us lasting and imperishable blessings. It lias not been fastened upon her by surprise nor imposed upon the people as the hasty odspiing of over zealous public agents It was openly discussed for two years, made th.e turning point in our elections, and as public sentiment demanded it, with full knowledge of ulterior consequences, it may be emphatically called the measure of the people. "With the series of lettings just closed on thc various lines the initiatory steps have all been taken. Our great svstem may be :'aii 1 to! e fairly begun, and thc .-tate lias I'lii'i course of policy from which there is no retrest that would lie either safe or honorable. But though it I hi,las commenced under the most favoraauspiees. yet its friends must not relax in tl ieir vigilance am ellorts for its supfor 1 lxious port For t ipse who ar to rcnan a intrue inaer substantial service to th pie fold i terests. eiis'somc OOl u 1:1 ! Mali v. 1 to v. m.l pruuent eounYrars ot pcrsi ng exertion w orks to a wni !. c rem; ivu to bra favorable to: success. T 1 ire pee. acre must b. ight am stability in our legislation so as to contin ue and increase the confidence of the people at home, and maintain the just credit of thc state abroad. Fntil our success is complete our duties will not terminate, and whilst indulging our fancies with thc prospect of a bright future, it should not be forgotten that during the progress of every public work like ours, there has been a financial pressure from which we can claim no exception. An overflowing prosperity will follow profuse disbursements of the public funds. "With its current we will all be swept along and sedued by the times, we will live high, purchase freely, contract debts, am! into other extravagancies, at which our present nations of economy would revolt. And when these disbursements are reduced, when the heaviest demands are made up on us tor the support rd the Ireasury, we shall have pa ted with thc means placed in err hands. Such a state of things will hardly fail to bring upon us a pressure, an I when the dark period arriv es, thei c may be son.c so forgetful cf its past

louni'ed prejudices tor the sake ot a short caret 1; but it will be short, ::nd when a

clear sky returns, when imperi.-hable blessings arc to be seen all around, a gratelul public will applaud and reward you, who have so firmly complied your fortunes with the success of the undertaking. To palliate and if practicable obviate the approach of the evils of sticha period, it will be the part of wisdom to take a prospective view, and whilst all is prosperous, and our citizens are able, willing, and ready to contribute, to commence the burthen with the begining of our works, ; to meet th c entire uemaiiils upon 11. 1 lie be deni ed lrom an cstabli.-oieu pol icy of the kind, the annual interest that maybe expect, d from a proper posim ol our ui ldend ot llie surplus leenof the three per- . .,,,.! 0 it poi'.ion cent turn d that Vo wiil b thi :ft apart. wiil throw into the Treasury a sutheient supply f..r the demands upon it. leaving a handsome balance at the chose of each year to be applied to the increased demands of the next. w an these resources, and waii the dw ev raon ol a 111st accountal'ility and an enlightened but rigid economy tin thepait ghiened but rigid economy tin the of il entrui x! wiih the eonsiruciion iu uircd iu a great .1. the work, you v. in be pn I liiea.sure for any crisis. ! 10 ine imam, Pi its ineiupers sevcralli.is been mil from ly, ana to the Paigiuecrs, the year Yin-'oneof great interest, and labour; ' the embarrassing ' from the hannonv difficulties interfering, aid concert, to be ob served in overcoming them, and the zeal ami I ability with which each discharged the share of arduous duty allotted to him. they are justly entitled to the approbation of the Legislature, and to the confidence of the public. Tin" report of the Hoard, embodying so much of detail as it necessarily must, may be delayed a short lime, but you may expect it in time for your deliberations. Hyan act of the last Session of the Legislature the duty of proeui ing a survey and estimates for a road from i'rineelon 10 Mount Vernon was assigned to the Governor; but no means were placed under his control to carry it into execution. This omission was like to embarrass the work, as laborers who were willing to wait the ensuing session of 'he Legislature for their w a o w ies. had not lhe means to pav their a. 1 expenses. The roec.sarv i';:::d-. however, were '. ohm! u :lv n-aden d and , lurm-hcd the Engineer. Mr. I'ontieroy, bv j the lion. L'ohert Dale Owm, to whom:! 1 1 1 .. 1 1 1 - 1 1 ... j m.mii eu lionars nave since Peon nam rum und. r or tl'.e b. dance due should be 111 Mie bv law. the Engineer will be in idllie at an early day of tin scasion. Il b being your province ;mi my t ieting Your po; to !! '.:t tho remedy of any evil ublie, I most r 'lrm silv ini 1 I tit n to the condition "I die Michigan ' .....1:1.1 I ill f " m w men im re is no supp-el more wor ib thy ol a share ol the attention of the Le gishiture. That thoroughfare is the avenue through which a large portion of tin emigration and travel, tie. -titled for the district north of the Seat of Government have, and must continue to pass; am through which we convey and receive in small share of' exports and imports: Il is. therefore, a work of much value to tht public. The proceeds of lhe lands grant ed lor its improvement, amounting n about s-gno.ono have been exhausted with t! exception ot a small part. J hat is too large a sum to be lost, as il will be, should the road go to decay for the want of an additional sum to render it available, and as it lias, heretofore, cost lhe people iioth ing, the assistance required, it is believed should not be withheld. It is a State work and should lie owned and treated as such. Thc report required by law detailing the proceedings of the Commissioner for th( last year will not be delayed. In eon-equcnec ol' ihe fr: qtir-at iloods. during the past year, tho progre.-s of thi improvements on the Wabash river undei the je'iat control of Indiana and Illinois, have not eoualled tho o.xik etaiians of the Gonnni-siiwr nor of the public. The operations have oecn rluci'v eonUmai to the works projected and placed i ndt. reo tract prior to thc lat report ol the t. 0111missioner. most id which are now com pleted. Two additional contracts, were offered for the removal of some rock ob structions, but for the want of competition thc bids w ere so high that the commission er rejected ihem. About i? 1,000 ol'the joint fund have been expended on former contracts, leaving in the hands of the commissioners for further application, about sMl.SOO. This balance can be prohtably employeil in extending the work at the (rand Chain, in removing obstructions at the two most difficult points unprovided for, and in the removal of the snags and logs that most endanger the navigation of the stream. Of thc latter kind of obstructions, thc sna"H and other depositcs of timber 110 fair estimate or offer can he made as iliey c nnot be designati d aid arc d'st i1 ute ! t a-onghout the stream. To these can be traced most of thc disast '-s to our commerce, and as our law requires all the work to be d ne by contract, it wiil be best to rive our Commissioner sac-It discretion

as will enable lam to co-operate null the Tie . ,l..,i., uml. r one m Illinois in removing them under

their own by law of ,. ,,,, . - , ,1 hrecuoii. i he report requiiid the commissioner vou mav expect within a nay or two.

It is to he regretted that the great amount Ki pivsi utativi- Hull, Court Koom, Library, ami of duty devohed upon thc Hoard of Inter-, the vaiimis apiirtineiils, have been provitlcd with nal Improvement, and upon our Engineers ' h'niium: as was necessary to render them in the commencement ofour extended ""nfornil.Kriid conrcmci.t. The law puniJunij , .11 1 r .1 . ''He ami Vicious persons lor marking, di'iacuifr, or svs cm has prevented the making ot ll.c .. . . . 1 , , ,. ' , - ' 1,1 1 otlierwiM! injiirin.; the liuiUl 111 jj, expired and was minute examination that should precede - ,,ot r,.vivt,(, ut the last ses,ior,; and as some penthe expenditure of the appropriation 61 a!ty !ms already heen needed to restrain uch of5!,000 on thc Wabash river. 'Flic Hoard fen.lcrs, the subject will require tho attention cf deem it their duty to make a Critical e-tlie Legislature. animation, and every exertion was madel la its usefulness, and in lhe hish reputation it to procure thc Professional md of Engi-1 U r;ll -'l!"P. ftatc ColUre at Bloom1111 1 i- 1 ' laton is meeting the expectations of the 1 ublir, neers; but the (leinand ior such serwecs. .. ,. . 0 ,. , ' . ' ... . . 1 ami is arlueMns all that was jironused tv its orwas so great that they laded ill doing so , (1(,lt fri,.(,s 0IlJ aJvwatc,. j,s patronnpe from uut.l the proper season lor making them ' onr citizens and from those of other states is in-

had passed away. In thc early part of th; month of .November a personal examination of the river was made by two memher of tit... It,irirI. tie. -on: ivo! ted bv Mr. , ... - , , ,- "... ,i ut tne in er at toat lime was so l:i::!i as to prevent a sun ox Thov found : bow ever, that the most serious oo.-'t.-.ic.ion t'l the navigation is presented by die Grand ,1 I-hipids which would indicate the jirojirie - ly of commencing at that phe-e. W li.' 1 rove: ;t of mis : best acci forming nd ' ing rapids can be m.:.i.-::ed 1 ..,! Dams ami Locks I.icivwater 1:1 Locks eonihe river, orbv a canal with strucied separately from the stream, is a question which the Hoard will be competent to determine after full investigation. The river forms the boundary line between the states tome distance, and whatever may be the character of the work, both Hanks must be occupied, am! hi fore we proceed the assent of Illinois should be obtained, for which no provision was made by the law of last session. The action of that State has heretofore been liberal, and she may claim current jurisdiction and control, and a mutual participation, as well in the use and profits of thc work as in the the expense of construction. To prevent delay in a work of so much alue t'l the counties adjoining, and to hasten the negotiations accessary, it will be the heller course to vest the Hoard of Internal 1 mproi emeiit, or some other competent authority with power to act in conjunction with the authorities of Illinois in making the necessary compact in relation 10 the construction and use of the improvements to be made. The Legislature of that State holds its session once in two years, and to guard against a delay of that time it may be well also, to propose an adjustment of the matter 011 the plan named. 01 in some other way si .-a-ioi;. ( )f the bonds of law for the benefit of thai Koad company, Slate has caused to be t.uraig us present a to au'a.oriM ". Lawn nae' ur th. thc 1 re.istirer 1 i.sued tb.e sum two hundred and iweniv-one thousand dolpirs, the company having complied with the condition pn cedent by filing w ith him mori : anion pany ha e tl'.OUs tat' es on real 1 slate to an eipia at. Hv a recent negot a:ion the camby a loan in the city ol .New York realized the amount of one hundred and dollars a par, and from the rntcrprizc, business character, and just chains ol it have members 10 public conUdcneo, we every assurance that the proceeds will be faiihfuilv and promptly appai to the costruction of the work. The liabilitiess and engagements ij' the associa tion lor the work received, and new con tracts, exceed one hundred thousand dollars, and they expect witlfin three years to extend their operations to the seat of Government. The desire (o o?.(ain property ill the a ieiiiil V our public works has maintained the ustial artiv ly in Ihe sales of our canal lands. Smiee tin I : t sc.-.-ion of the Legislature, the entries at pr .U- sale amount t Mll.i.i.l'J . leavmir on hand not more than hall' a dozen lots of NO acres. Tin; usual report will soon be submitted bv tht ( 'ouunis-ioner having charne of that lT.mrh the public inleresl. i ith the otitstan.itn'i i a etes ol II," jireviou year, the oxisJiriar appropriations at lhe ciwi . the la.-t si s-ion uf the I.ei-I.iture. swelled ll liabilities ami demands upon dm three per eon Piiiil to the amount ot I K I .s:i 'JU. Our Civi. ib iiil sini'e at-i ruim; from the sales of thc i'uhlii (.arils to lhe close of the third quarter of thi vi ar, nnifiunlh.s ( 1M-.1." "ill b 1.- been rerciv c I at the '! it :.surv, ;ei,l apportion. 1! am ne: th. nape col'-'! V. SVffl '11 The sah have cvc'ci amounted I aiiili'ins i'olhe expiraii I. MY, an u: 1 1 : i : ,:'.-l the fund. at the Land Cei rs tee pr i d tii.ttc ef any former p. ii em. vear . Tb.ev fir 1 Mi In . 1 tv.l of this li-t'.i.ta tltou . mis el In I dollar;. ;i:m! will mouth, v. ;.i pi. .I'a! iy re: mini.. as; vM.i- li v ill entile' u- i'er lh" -b! 1 r t this e-r 11 a termer nivi.ttiid 01 lrom thirty to fortv l':o.iniel dollar-;. If thc t -s for the en-iiiu'j year 'ionl.1 not be 'i eiiiii-. tl p-.o laaii one third, v lia li i not pro!. -Ciie. a lurnier sum of one lnuidrcl t!uu:-:rid dollars will aerrui m.ihim.' from 1 :m.ii',".i to -si iti.ilell to be appl the r."iiiL' ear a v or. may ili-eer. lailertaiuin-z the ooiaion I h re! f Tf a.! vnnee.l that there is l. ennaneiit benefit I be derived from our present mode of app! in r the feed, ami bchi'Mrij; it our npi'i ioiis tint as far as possiMe. to relieve thi pet.pie lrten 01" purt'ien 01 laxaoou. i .-.'.u.-;.'-! m propriety of applvintr the m.-.ior fart of future re- - i:, Is to the eMimiui.-hi'tclit of the interest of th loans obtabietl to carry on our public works. The perio I of Mr. Kei ;w in s siipenntemlcnce eimr about to expire, the duty of firmimr out t ic .slate prison lor anoth. r term ol live years. d-volved eu t!;e ( lovenmr since vour la.-t meiiincr. I'o that purpose notices were issued invitijip 1 ropes ds f-nni th public and at the appointed 1 m the pri -en with i's inm itcs and aiipctulaTr were aw;ed.-d t 1 Mes-r. J'aOerson ami Hfnley t-e r bi I of eighteen thou -and one hundred il. .il.es to the S a: they to . I..:b,e and f.-e.l t!:e c. nvicts and be noepmed ly lhe law rcsmlitinir the poli e : f the Prison o veil a of tlu-ir own

een.lu.-t. The report ,S the Visitur Bioiiiteiljlor tl.is eiir I now lay before vou. , ,- - ',

J lie m.lolllLr, Ii'iK'Uii; mill UUHT llllliruwiliriii (Wti,(, (v ,aw iu thc have ,,r(.u nia(f(! (lmlir lhe Pvl01illt,.n,u.nc-e of tho j Treasurir'i.f Mate; ami tin: f'uuate Chamber ami rreasinir, ivbich is the best evidence of its meiits. j 1'earcd as it lias been as a favorite institution arid ! j.art.ilvinn as it d.x-s of State character nothing j .-lii'iiM l e emitted that is calculated Id elevate its i .- -.ariilijiLT. increase - '.arnlijiLT. increase its prosperity, and extend its u-t t'uhii ilh lhat view, I suggested, at our -t annual liiitUnc, 'he propr'.-ty' of licstowint; ; ,, jt tl. ,-hart. r and endowments of a Siatu j l'iii r.-iiy;aml as time, and reflection have conj linm-d the opinion then advanced, I now renew recotn. siCe.non. The Mate I'.aik it is belicvt J, is il,serving all the valuable piiipr.M S for which it was estal -lii-hod. Jly its issues a laree amount of our circulation is supplied; the influence of which, upon the price of produce and other property, is cv erv uav apparent. Its resources arc ample at you w il perceive l y the report of its oHicem, ami not withslanilin thc late demand for spe cie, lhe uiiantitv 111 its vaults, except tor short periods, has not been materially diminished, and from the report ol" the condition of other Hanks ns made to the .Secretary of the Treasury of lhe l"nited "States the means of our Hank will bear a favourable comparison with any other. Of its highly prosjiorous condition, we have satisfactory evidence in the di idend of ten per cent interest accruim; to the Mate on her slock. That insti. tulion is what il purports to be a State Hank. The Mete, or the 1'cople. now own eight hundred and sixty-live thousand dollars of the capital paid in, which was borrowed at an interest of five per cent, and on which we receive an inleret often per cent, roalizintr to the State a profit of about 10,000 per year. The profit we receive on our took will pay oil" the debt when it is due, leav. inir us the sfij.OOO clear train, which, accordin:; to the I'ank (.'barter, is to he set apart for the siiport of free schools. I 'uder this view of the subject, it will be the duty of every pood citizen to support the I'ank in all its lawful pursuits, and any unnecessary assu'.t or effort to cripple its prosperity should be viewed as an assault upon the interests of the People, llut on Ihe other hand the Legislature should look into its conduct and scrutinize every act and for every dereliction of duly, or infraction of charter, or if conducted for selfish purposes, partially or corruptly its olliceis sip. old be promply ej posed, dismissed, and pul.l-'oi d. The perplexing anil deranged condition of the currency rmd iin-eltlod Mate of th money market in ihe Atlantic Cities combined in makim: the past reason a most inauspicious one for our Fund Commissioners in their negotiations for the loans contemplated by law. The members of the board visited the Fas-tern cities several times, and deleo-ated one of their number. Dr. Cue, to remain there to avail himself of any oppo; 'amity that minhtolfcr. The eliorts of the lhia.rd resulted in obtaining fund 5 sufficient f.r our purposes, but not an terms so auvantaeTaus to the state asj our farmer bums were. The first was procured at par on our bonds bearing five pi r cent interest, amounting to live-hundred ihotis ind dollars. In lhe second negotiation of one million and twenty-nine thousand dollars at the same rate of interest a premium of one dollar on the hundred was received. An arrange mcnt was made for the deposite of both of these sums with thc city Hanks by which the state receives live and live and a half per ... . .-.-.n ie.. ...., , . ccin ine rest until calico ior. VJI tne Wliolo siaii burro .ved four hundred and fortv thousand dollars are for the Hank capital; thc remainder is designed for the Wabash and laic canal; ami for other public works. It is highly creditable lo our Fund com-' mi.-sioners, and to thc tatc, and ought to be most o-ratifs intr to ns all, to know, that whilst other five percent stocks were rejected, outs obtained favor. Ami why is it tliat our credit stands so fair and unblemished.' It may be ascribed in part to our abundant resources present ant lo come but above all, because there lias been no indication of a disposition arnonyr our citizens to trillc with our public faith, or trample on vcsied or private rights; but on ihc contrary, that they are at all times ready to respect and sustain the constitu tion and laws, and protect thc rights of individuals. I lay before you a letter from thc Sec retary of the Treasury, of the United States, with a copy of thc late law of Congress rcru!atinir thc deposites of tho public money in the State Hanks aud providing for the depositing of the surplus money of thc Treasury among the States upon the basis of federal representation. l rom that act you will perceive that as a ondition precedent, each state is required to pass a law accepting the dividend and pledging its faith for the return of the, money when called ior, bv thc Secretary of the Trnasury. From the vast accumulations of the freasury of the t'nilcd States, as exhibi ted bv thc monthly report of thc Secre tary, it is probable the surplus to be appropriated amoiar the States will allot to Indiana about fifteen hundred thousand dollars, the first installment falling due the first dav of .Icnnarv. Whether it hall be accepted or not, nccordinnii to th