Western Sun & General Advertiser, Volume 24, Number 46, Vincennes, Knox County, 14 December 1833 — Page 1

.1 .i i: t- i i . w i i I i i i w - ri i

Ql BLIHU STOUT.J V2STCEN2JJSS, GL&.) SATURDAY, DECEB3BSB. 13, 1833. VOX.. SXSV. 7G

jyjlC G2?t$iCTH SttU r on western credit, at less than four per her for the stock, after tho bank shall j returned by the listers is continually varyr . rt i cent, per onntim. If, then, we are dhpo- Invc commenced its operations, lc enti-1 ing in its proportion, ami the quantity of published at Sw o() cent, tor SC(j o avaii our?clve? of all the ndvanta- tied to a credit with the Institution, to the ! first rate land diminUhinrr. notwithstnnd-

.CrS: W.IICII Itiay 1)0 discharged I)) utiioli r.ur cirPiimc!.nnrp nfwl nMfli-I nmnnnt rf mm half nf IiJa .(nr!.- it ftnr iitiTflio nniin! ;.i,rtn..A n,rro,roln

ayment ot at tnc tunc ol subscn- ( Qn rnilc U9 to enjoy, let each state le- time, without an endorser. In no instance j taxable lands in the !atc.

jgis'aturc in the west create a lodv corpo-

ing privileges;

I the amount

of paper to I'Piic thereupon, togotucr with

advance k in- the mutual ; rat(J am politiCj Nv;,h bankin? i parlies, that mode is soli- ,ct Jhc amount Gf capital, and

IS

numl

the p bins.

Payment in

interest of both

cueu- of paper to tss

A failure to notifv a wish to discontin-; the number of branches, and their several

ic at tho expiration of the time subscribed locations, and the amount of capital to be for will be considered a new engagement; j employed in cash, be fixed and detcrminnnd no subscriber at liberty to discontin- ed by the several legislatures, according tif, until all arrearages are paid. Sub-1 to the estimate which they may make ot scribcrs must pay the postage on their pa j their several necessities, having referred pcrs when sent by mail. Letters by mail to the currency, the foreign circulation, to the I'M i tor on business must bc'paid. or J an,l the wants of the people, immediate ihcy w ill not be attende to. ! and remote, for capital : Let commissionProduck will bo received at the c a?,i ; crs )C t,ien appointed to open books in the market pricr, for subscriptions, if dcliv-, c(veral c ounties, or congressional cliscrcd within loo year. j tncts of tho state, for subscriptions to the Anvr.p.TisxMr.ras not exceeding no j stcck, to consist of ono hundred dollars; square, will t o inserted three times tor ; am if more subscriptions are made thun one dollar, and twenty rive cuts for each thc capita!, let thctn bo reduced by some after insertion bsugcr ones in the same , given ratio; after which, in lieu of requiproportion. (jrlVrsons sen ling adver-j rinix these subscriptions to the stock tfttie (isemcnts, must pc-ify ti e number ol ! p;ljj n cv'ii let each subscriber execute

times they wish them inserted, or they will j to the state a mortgage on unincumbered

suffer a stockholder to change the original

security to the state, but allow each subscriber to relieve his propertv from the encumbrance which his mortgage to the

In compliance with tho requisitions of a joint resolution of the last General Assembly, the Auditor has prepared from the tract books a statement of the actual

state has imposed upon it, by purchasing j quantity of lands taxable for the year such an amount of the state bonds as will j 1833. from which, vou will perceive, that

cover Ins subscription. When he shall

be continue.! u ni.il ordered out, and mus t

fjCvpaid for accordingly. list or agssits. John Murphy, Washington, lud. John Vautrecs, do do. John Arbuthnot, Princeton, lud. John I. Nccly, do. Thomas Cisscll, Mount Pleasant, Ind. Tost-Master, Owl Prairie, Ind. Post-Master, lJioomfiehl, Ind. Post-Master, Sandersville, Ind. Post-Master, Owensville, Ind. Post-Master. Stinkard's Mills, Ind. Jesse Y. Wilborn, Mount Vernon, Ind. Lev i Price, Evansville, Ind. John W. Davis, Carlisle, Ind. Isaac Ong, Merom, Ind. Post-Master, Turman"s Creek, Ind. John C. Rcilcv,.Lawrencevilie, 111. Post-Master, Palestine, III. Post-Master, Boonvillc, Ind. Post-Master, Rockport, Ind.

real estate, of not less than double th value f his subscription; tho value to be as

certained and determined by three or five appraisers, to Le appointed by the legislature, citi.ens of the si te, but not of the county in w hich siudi property may be sit

uated tl'y to make their return,' under oath to the board of commissioners. Let the title to every parcel of property be

have deposited them with the commissioners of the si:;ki:; fe.nd, let them cancel his murtajre. As the state bonds shall be redeemed from time to time bv the commissioners, let each subscriber to the stock to be credited with the proportion ot the liability, from whick he is thus discharged, until the whoie shall have bei-n redeemed; after which, let the office of the sinking fund be closed, and let dividends be declared bv the bard; in favor

of the stockholders, until the institution shall he closed bv the exoiratioti of its t I charter; at which period, let tii" avails ol the institution be distributed amongst the

the Inters returns fall short of the true

quantity of lands taxable for the present year, upwards of 2:20,000 acres, which at the medium rate of taxation, would have produced to the Treasury the sum of thirteen hundred dollars. While this method of listing and rating the taxable lands i:t the state continues, no certain estimate can ever be made of the revenue that will accrue from lands, as the quality and quantity arc continually varying. These impcrfecfians can only be remedied by an entire change in the method of making assessments;. The several counties in the state have been furnished with a schedule or tract

stockholders, in the proportion of their in jbo)k? showing tho quantity of taxable forest in the institution, as in other cases, llanos in their respective limits, with the Let the stale draw annually from the sink- J:i! :iiion of such as will yearly become liii: fund, say one per cent, 'fits nctt table to taxation. These books, it is beprolits, as a bonus fur the use of iis ored- lie ved, entirely supersede the necessity of

vearlv assessments bv countv or township iis'ers. With the aid of these, the duplicate of the proceeding year, and the map of the county, the clerks of the several

i counties in making out the vearlv dupli

it.

Having given the skeleton of an institution, to be created by the states, such

as will, in my opinion, meet the peculiar

crisis in whirh w aro now Tihir.ed. J pro- ""i

exanuned, and a report oi the same made m mv ne:t t r into an e xpI.llia. cato? can iurrush a true and corrt-ct asscssm w riting by some competent attorney ,! Um (lf ppveral I)rinci Ics embraced, ,llc,il oUhc kin vvith less troalde. and fbr to be appointed also by the legis ature.-1 po trlf it? uliii$ y anJ ddvanla,(.s Inav be j a compensation :h it will, in tno item of

&o soon as t ucse ore inunaries snail h ive h i . i;s:in'r. save luc counties an c

i iiii:ir 1 1 m i i rw in i i

been fully performed and executed, and the mortgages recordt'd, and the originals, together with the reports of title, d'. tiled in the archives of the state, let there be appointed by the legislature six directors, and by the stockholders from amonj;st themselves seven, all citizens of the state; these thirteen citizens to be denominated the parent Boaro of Directory. This board, af ercach member taking an oath to adnj'mistcr the affnrs ;f the institution accordion; to its charter stipaia'i ;us, and jxiven bond with proper security, f r the tuithful performance of these ibaies

to l?o invested with the administration the a.fiairs of tho bank. When it shall have been intimated to the Governor of

the state, that the instituti n is ready to commence its operations, let him .'raw his bonus, in the name of the state, in fivor of the bank, for such a portion of ihe original capital as the Board of Directory may determine as necessary, in sums wi one hundred dollars each, icuecmablo in ten, fitteen, twenty, twenty-live, an. I thirty vcars, or at the expiration of any other

BiiUTUS.

(hnti. men of the Senate

and of tJie IIou :e of Representatives :

xpense

live r six tlnmsand dollars annually. If vou approve the remedy su'icsted, it may be weil to direct tSiat a new listing and rating shall be made every f;ve years, that the qualify of the lauds subject to taxa

tion may be determined ; and lor the P'H

rK0?I THE CINCINNATI BIIFUHLICAN.

NO. VI. STATE BANK. An institution, to furni.'h a remedy for fhc numerous errors which exist in our present system of policy, and to secure Ko nrtv-nntntrr; which our condition and

circumstances entitle us to enjoy, must differ w idely and essentially from any that have hitherto been instituted lor that purpose. The acknowledged prosperity, and ample resources of tho west, should rccure to us the benefits of a uniform and permanent currency; and vet we are sub

ject to all the vicissitudes of the most ru-j period w hich may be adjudged as more inous fluctuations. The wealth of the expedient, with interest, at rate not ex-

west should entitle us to undoubted credit, j cceding six percent., payable annually uj and to the use of capital, upon terms at (the parent bank, or any of its l-ranches-

Fhe favorable circumstances under ! i,os; of establishing something like a gen

crai stanctaru t.y wnicli tie relative quality of lands throughout the state shall be ascertained, and the amount of revenue collected from the several counties rendered more proportionate to the real value of the taxable lands, this listing and rating

which we are this day assembled, as to the general happiness and prosperity of our cili.eus, are calculated to awaken sentiments of the most lively gratitude towards the giver of all good for a continu-

a nee ot lavor and regard towards

our

! ii i r l i

nourishing and prosperous countrv. ic"'r.v e years couiu ue penormen o .Since our last annual 'meeting our stale .ssioners appointed for the purpose.

ldvareo with icce'e-u- 11 u:J j ' j.Mnr.iu e miouiu ueem u expeai

nas coniinueci to advac.co

ted rapidity in population and improve-

cut to adopithead valoreai system of tax- . . . . . i i i i i i

4.,;-.1.. coM-.i.i N..,r.!.v! anon, uo sain'? ineuiou oi usung anu vai-

me labor of the agriculturist uiih ahun- ul1 ha,iS a"d otncr Ppcrtv could be

daut crops, and thereby tliubsed activiiy and prosperity among all brammes of indtistry and enterprise. It is true during

least as advantageous as other portions ol j

our country; and yet there is not a section of our republic, who individual credit is less available, or where money commands so high a rate of interest. The credit of the west should entitle institutions, based upon it, at least, to the advantages of the domestic circulation ; and yet it is usurped by foreign paper, and the profits swallowed up b foreign banks, in whose prosperity we have no interest, and of whose solvency we know nothing.

ae past summer our state was again ws

vursu;

Imduding that portion of the line an

th vz bv tho act of the last session of

ihe General Assembly, thirty-two mi-es of

.;.i, !. rtni,!f.m;rt i .n c,..,w, .,'..,... Hit' VKi.iasn atiuixise oanai nave oeen

! i . 1 I I - 1 . . II 1

severely a niicieu : out w nisi we arecaii-.i

od upon to s mputhi.e with the suilVrcrs

and moiirn over the loss ol many valua

ble lives, wo still have abundant reason to be lhaiikfal that its ravages did not become general.

The receipts into the 1 reasury under our present revenue laws ontinue to increase in proportio i to the expenditure. The stun brought into the Treasury du-

b ut vo '.eh ere else. Le 1 1 ! i e G o v e r n o r o'n -

tinuc to issue his bonds from time to time) as they mav be required, hut all bearing the same date, un'il the whole amount ot the original capital shail h ive been issued for. Let the parent Board of Directory, disnr.se of the.-e bonds, in the market for the accouv.i of the bank, in such sums, and at such times, as they may deem ne

cessary and expedient; upon the avuilsof w hicii, let them commence the operations of the bank. Simultaneously with the

The whole reeve: lies in this; the L'niled cstahhsn.ucnt oi tho t an, let the legisStatcJ Bank pcrwuued w. lh:it our eredit l lature create a board f coumtissioner-, to needed an endorser; it tendered 7.s wri- be denominated the commissioners of the

:r? ii that cjpirciiv, on condition that trc sinking tund. i hose commissioners alter

being quauiied ly taking oalh, and giving bond as in the case of the directors, to i tccive the entire net profits of the bank m

laced under contract The work during

a-t season has progressed with spirit

IV'

lua- 1U 1 ;i(,.v ,s executed in a manner

that does credit to the commissioners, en

gi.ueers and contractors. Bv the terms of

the contract the work now let out will be

eonv.Hetcu next season. Jlenorts ot its

pr .jftrcs-, ard of tho situation of the fond

will Le laid' before von bv the several t o srds of commissioners. In accordance w uh a resolution of the

I kitiL Hit; iiv-. uv..i vai i 'iii iii,Ln ii.-:- i , . . r . T r . i ic-i 121 fin i t tf I niTt cl'if n vr o f nmiY)ti.

amounts to S-L1.8 11. ihe . t . U , , -it l- tucation was addressed to tno Governor ot payments during the same penoi for ordt I,,, . , . . . . x - - , . , , i iJIno reanesting him. bv a suecial commu-

narv expenditures amount io ;-ii,ir . . . .

this subject may receive such attention as will produce but little delay to rhe government in disposing of the public Imds onthelme; and, while assigning ihe duty of selecting the alternate sections to corn petentp.gents, it will remain for the Legislature to indicate the way in w hich other lands shall be obtained' of the Concr.il Government, in place of those sold and reserved within the grant, amounting in all to but little short of eighty thousand acres. Of the thirty two miles now under con'rnct, a considerable portion is cither fmUhed or in such a state ot forwardness that many of the contractors will be out of employ shortly after ope rati ns shal

be commenced in the spring. They have

on hand the rccesarv wagons, cart.

teams, tools and implements, making a costly equipage These article, on'er

largely into the aggregate cost of con

structing a canal, and upon a light job

constitute about twenty per cent, of the fill amount. With these outfits and with their cxperienco and skill, the present contractors can undertake new contracts upon better terms than new adventurers; but if not employed in the spring, the cost of one or two years exertions t induco them to settle, will tie lost, and these men, with the mechanics engaged ia the str vice, and hundreds of laborers, who have obtained wages on ihe line, w ill be ron pel led to seek employment elsewhere. These considerations, the cheapness of the price of the work put out, compared with the estimated cost, th3 great reduction in the price of provisions on the lino, the rapid acces-ion of population induced bv its

commencement, the assurance we have of a hearty co-operation on the part of Ohio, justice to those who have purchased canal lands. and the great advantages that must accrue to the state, satisty me of the expediency of the measure, and I most earnest

ly recommend that the operations upon

ne line may oe coiiiinoed with increased .

energy. It in the view taken, -.our u-m.

ions accord with mine, it will be necessary to anticipate the value of the canal

lands by aturthcr sale of stock, whi-h,

upon an examination ot the suiter, vou

win nr.a can .oc clone to tue amount of from three to four hundred thousand dollars, without making ihe stata treaswrv li-

able fvr any part of the iutercst or princi

pal.

LooKing to the completion of the canal.

we are naturally induced to turn oar attention to the improvement of ihe Wa . sh

river. I had the satisfaction of announcing to the last General Assembly, that the state of Illinois had appropriated near twelve thousand dollars for the improvement of that river, if ibis state would apply an equal sum to the same object. As the subject was not finally acted on during the session, permit me again to recommend it to your attention. The object is one of sullicL-nt interest and im

portance unconccted with the canal, to demand an appropriation, at least equal to that of Illinois, as a much larger portion of our state is interested in the navj-

gation ol trie VYanasn than Illinois-. I

irmth tuiu six ver eeiit. ncr i:n:ium. its

rommhsions; and ice foeU :hhj accepted the offer. Foreigners and strangers, unacquainted w ith our resources, and outprospects, feeling satified wiih the surety of the bank, took little pains to become better informed, and the interest of the bank did not consist in overrating the condition of the west. Of its anxiety to hold

;pctu

leaving a balance in the Treasury of ,s-" K, which added to amounts ia the Treasury from other sources, 'eaves a total balance, on !ihh ISov. lcv3-. of f;17.Jo7 7i. Reports from the Auditor and Treasurbrwull in due lime be laid heiorc you, showing in detail, the condition of our financial concerns.

Although our present revenue system is oiTicieiit and abundantly supplies the pub

semi-annual dividends, and to receive i lie wants, vet it is apparent tint its assess-

written reports quarterly, under the oath ment is defective, unequal, and unncccsof the President and Cashier, of the ae-i sarily expensive. At my request ihe Audtual condition of the bank and its braneh-j iter of Public Accounts has, wi:h some cs, the amount of specie on hand, the pa-j labour, prepared lVwm the files of his o. per ailoat, of bills discounted, &o.; to he j fi-e a Hhular statement, showing the quan-

bv them laid botore the legislature at ! tit vol iirst, second, and third rale lanos

nidation, to call the attention of the Le

gislature ot that state, then in session, to the sui ject of the extension of the Wabash and Erie Canal, from our line through the territory of Ohio, to the lake. In compli

ance wiih Ibis request, His Excellency; Governor Lucas promptly laid the subject; before the Legislature of Ohio, and in that spirit of courtesy and kindness due from one state to another, resolutions were adopted by that body, stipulating, that if Ohio should ultimately decline to undertake the completion of that portion of the

work within her limits, bciore the time lived by the act of Congress for the comple

tion of the Canal, she w ill, on just and cquitable terms, enable this state to avail

her.-elf of the benefit of the lands granted,

g her to sell them and invest

in the stock of a company to

d by Ohio.aud that she will

statement which will bo laid before you, give thrs state notice ol her determmaw ill at once satisfy you of the imperfoc- tion on or before the first of January, I "SiS. tions of our present method of listing j The Legislature of that state has authorilands, and that in its practical results it is j .ed and invited us to proceed by our agent, unequal, and disproportionate among the j to select, survey, and set apart the lands

t- - i i i .7 i ft v .!-?.- ii-iT.irt n i i inprirkri'j i iiMiino

fall1" And indeed, perhaps, we should, ; institution is lounucu. or mine pun nast several counues oi siao.-. ivhi,u- iu.i- - if vc had' no other arm to sustain us, tor of tho state bonds before they may have ' standing the general directions as to fixing ( These resolutions are herewith laid before

r.s still in leading strings, we may judge, j by them laid botore the legislature at tity oi lirst, second, and third rale Kinos nei.-cu ot ine i - ' fer the desperate cfiorts now making, to. ; their annual nieeting. The net profits of j returned by tho listers from the several j by authorizing I procure a renewal of its charter, "it is ; the bank, so r.veived by the cnnimi-si hi- ! counties in the state in the years 13!, the proceeds ii continuallv croakin to us about the fear-j ers of the sinking fund, o be employed in lho2, and lS'lb. An examinati.m oi tltis j he incorporate

ful consequences that will ensue, it we at-; ihe purchase ut s.ieh sale s'iocks, either oi

.,t trttv.V.k nlone. bolore our limns are I the state or eis;?vvhere, as snail cecome

strong enough to bear us. "If the bank,'

say

it-

reileemable before such funds shall be ne-

advocates, "should wiUniraw its . cessary f r the periodical redemption of

support from the west, it must inevitably i ait

the state bonds upon winch tue

b u;ki l.

w e have so long been m brace that our strength is

its tender cmwell nigh ex-

run to maturity. In the establishment of I the rates of taxable lands, prescribed in

hansted. Hut if we need support, it our anergics have been crippled by unnatural pursing, let us go back to our paternal xtrms. If western credit needs endorse

ment, we have happily, at home, a backer. o.v: at least to the United States Hank.

the branches ot the banking institution, the revenue laws, some counties return

ct the parent boanl appoi.it sik directors, large proportions oi ur.-i raic,aou uiuw.n

VoU.

'J'iic doubts heretofore entertained of the extension of the canal beyond our

The state of Ohio, as we have before said, i reports to the commissioners of the smk

stands upon the London exchange, upon a A:ottng, quite as fair as that institution. Let the several western legislatures grant charters to institutions, upon the follow ing, or similar principles, and I think, at the rvuratiou of the present charter of the United States Hank, the necessity of its

continuance w ill not be quite so obvious, as its advocates would at present persuade us. The means by which capital can be introduced into tho west, at the cheapest

first object demanding

and the legislature three, alHo be quali-! equal in fertility of soil and possessing o-! eastern boundary , through the territory of fied bv takin" oath, giving lxuJ, & in Kher advantages, in at least an equal de- (Ohio to the Lake, being removed by the

like manner as the parent board; ihcse j gree, return little or none ot that quality. adoption ot inese resolutions, xac lands abranchesto make (puarterlv reports to thel For instance, the. county of Warren has j long the route attracted public notice, and

parent board, simultaneously with their

pjiole r ate, is the first object demanding our attention. VVe Ime evidence aliea

as first rate. Ma

ing fund. Let every director, either in ' cock, one third ; rerr , anderourgh and the parent board, or in the board of any ofi Hamilton one fourth; Wayne one fortieth; the branches, be liable in the w hole of his '; Putnam one hundredth; Washington one individual property, in addition to the se-! in two hundred ; Orange one in a thcucurity of his bond, for any violation of, sand; Hush none as first rate. Tliis rclathe charter privileges, unless he enter his , live disproportion in the quality ot the protest on the book of the bank, and com-1 lands returned, makes a material diuYrmunicatc forthwith the violation, either to ence in the receipts of the Treasury.; the legislature, or to the commissioners of; Take for example, the adjoining counties ihr cin!. in.r r.ir.l Let tho If.rUhitiirt he ' of Parke and Fountain, which arc similar-

returned one half ol her w hole quantity entries ot choice lots were rapidly making

irtin, Fountain, and Han- j at the land offices in Ohio. Apprised of

thi,the duty of applying to the commis

sioner of the General Land ctfice for a

suspension of the sales w ithin the grant j to this state, until the alternate sections' could be selected, was pertbrm'.-d ; but instructions to the land offices in Ohio for that purpose were n obtained until June, nor until the subject w as brought direct!) to the notice of the Secretary of the Treasury. In announcing his decision and communicating the instructions given on

bound to make an annual examination, bv lv situated in point ot natural advauta-

a committee from its own body, into the gcs,each returning SIH)U acres, of which, the sulj-ct, the Secretary has expressed

..V.irj .a" th. instituti. i.-t :n.d sit such other toe ono reports V.) M)U as first rate, and r tho w ih that early irivisiou inav be

time in addition, as shall be deemed ne-: other t,(KH). It will also be seen fr uu .nade ibr the selection of the lauds belong

Out tlUV-iil"v,u I 7 T t It. I rv that ffffuuJ capital can be obtuiued up-1 cessary and expedient. Let each ubscn-; thn statement, that the quality ot lanos ing to thy state; i thcrctorc recuat Uidt

hope the liuer?lity ot that state will bo met by Indiana as it deserves. Another subject connected with ihs progress of our canal, as well its with the settlement and civil organization of our territory and the peace and quiet of our citizens, is the extinguishment of there

mainiug Indian title to lands within our Mate. The hopes which were entertained and expressed during the last session, as to the spee'y removal of this iii!tkultyf have not been realized; and the efiorts of Ihe agents ot the general governrne.it to elicct a purchase h ive been unavailing.. Tnc embarrassing question as to the course to be pursued, still remains for vtonsideration with circumstances ol far more

pressing urgency, for a speedy determination. The suggestions I had the honor of submitting to ihe last legislature on this subject were misapprehended, probably from a want of precision in my expression. It w as not my purpose to recommend, that our Indian population should be subjected to the entire civil jurisdiction of our law s, in the same manner with our own citizens, but so far only as would bo necessary to prevent the frequent murders among themselves, to preserve the p..blic peace of our ow n citizens, to protect the property ot the surrounding settlements from constant depredations, and to prevent their territory from being an asylum for the criminal violators of our laws. Uy the several laws organizing tho counties of Clinton, Cass, and Grant, and finning the counties of Wabash, Huntington, ar.d Miami, also defiuing ihe o tries of Madison county, portions of the Indian lands were included in each, .ma-

out any reservation or restriction in jurisdiction, in favor of either persons or terri

tory. In thi manner more than half of the Indian territory is included within and subjected to tho ordinary jurisdiction ot"

the country 1 !m state ot things ca. mot long contiuue without pr Jucing difficulty. The receipts during the year, . :count uf the sales of lots in tho Town of Indianapolis, amount to six thousand ttvo hundred dollars, the particulars of w hicU will be patented in the report of tho a

Lent.

Tci contractor for tho erection cf the

V -

i : , , - . : ...