Indiana. General Assembly.

Documentary journal of Indiana 1856, part 1 (Volume 1856, pt.1) online

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OFFICERS AND COMPENSATION.



STATE BANK.



Rbeneier Dumont, President $1,56©

James M Ray, Cashier 2,00®

.Jeremiah McChesney, Messenger and Watchman 500

BRANCHES.

INDIANAPOLIS.

Calvin Fletcher, President 1,200

Thomas H. Sharpe Cashier 1,800

James P. Southard, Teller 1 ,500

J. R Downey, Book-keeper 750

Samuel Campbell, Messenger 450

I.AWRKNCEBDROH.

Jlenry K. Hobbs President 2.20©

Columbus S. Stevenson, Cashier 2,000

Philip L, Spooner, Attorney 250

RICHMOND.

Albert C. Blanchard, President J, 200

Klijah Coffin, Cashier 1,200

rharlcs F. Coffin, Teller and Clerk 1,200



William McKee Dunn, President 500

Joseph M. Moore, Cashier 2,750

Mark Tilton, Teller 1.000

George D. Fitzhugh, Book-keeper LOW

William B. Thurston, Discount Clerk 1,000

NEW A LB ANT.

Alexander S. Burnett, President 700

James R. Shields, Cashier 1,60©

, Clerk 1,300

BVANSVII.LH.

Samuel Orr, President

George W. Rathbone, Cashier 2,500

Kamuel Bayard, Teller 1,200

Philip C. Decker, Clerk 300

VINCKJiNKS.



William Burtch, President

John Ross, Cashier 2,000

J. P. Bayard, Teller 1,000



177



■»m».

Samuel F. Irwin, President

Isaac Rector, Cashier »i on*

James 1). Farmer, Clerfc ..'.'.'.'.'. '.'.'.'.'.'.'.'.','.'.'. 8W

TERRS BiBTt .



Levi G. Warren, President.
Preston Hussey, Cashier ...



I .SOU
1,449



LAHTKTTK.

Joseph S. Hanna, President

Cyrus Ball, Cashier , .-,..

A. P. Linn, Teller .' }'££

B. W. Wells, Clerk ...".'.'.I'.'.'.'.'. .'.'' .'.'. '.!!'.','.'. '. .'.WW 4U0

fORT WATNl.

Allen Hamilton, President =.„

Hugh McCulloch, Cashier '.'. , ,n«

Charles D. Bond, Teller, &c ,'njfj

W. J. Vanschuyver, Book-keeper WWW WWW" WW WWW 500

SOUTH BEND.

Kicketson Burroughs, President 100

Horatio Chapin, Cashier WW o 000

, Teller ...W.. WW..! W'.W.'.W 1200

, Clerk ' ' 240

MICHIGAN CITY.



ttdmund B. Woodson, President.
Ui ial C. Follet, Cashier



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Doc. No. 5.] [Part I.

MESSAGE



OF



JOSEPH A. WEIGHT,



4



JOVEMOR OF THE STATE OF LNMANA,



DELIVERED BEFORE THE



GENERAL ASSEMBLY,



tJ-A.nsrTj^.K.^r 9 3 i85?\.



INDIANAPOLIS:

JOSEPH J. BINGHAM, STATE PRINTER.
1857.

1 D. J.— 21.



MESSAGE.



Gentlemen of the tienate,

and of the House of Representatives :

In the name of the people of this State, I welcome you, as their
appointed servants, assembled under the constitution and the laws
to guard their rights and to promote their welfare. The cares of
national polity and foreign diplomacy demand nothing of your
immediate oversight. These ffrave and world-wide interests are
wisely committed to other hands, and to you are left matters of
more domestic and peaceful concern — the agricultural, educational,
and other civil and industrial interests of your own homes and
fire-sides. Let no difference of opinions, concerning national
polity, however actively developed amid recent events, mar the
fraternity and unanimity with which you address yourselves to
the business of promoting the internal interests, and improving the
domestic policy of your own State.

The recent election of a chief magistrate of this great nation,
evolved, during its pendency, an unusual degree of popular excite-
ment, attended with acerbity and fears. But the crisis came, and
has passed. The silent ballots of four millions of freemen have
assuaged popular excitement, and dissipated partisan fears. The
people prosecute their usual avocations, and find peace and rest in
their domestic interests and pursuits — looking for good, where many
have prophesied only evil, and determined to sustain the right,
by whatever hand it is administered. In like manner, gentlemen,
may the excited discussions in which you have, elsewhere, partici-
pated, be forgotten, in the eagerness and unity with which you,
here, direct your thought and efforts to the security and advance-
ment of our domestic prosperity.

It alfords me pleasure to say that, during the past two years,
the general condition of the State has been that of peace and pros-
perity. All our various interests, agricultural, manufacturing, and
commercial, are in a prosperous condition; our State maintains a
growing and commanding position among her sisters of the con-



304

fed era cy ; the laws, with their benign influence, are respected
among our people ; and though during the past year, the agricul-
tural interests of some portions of the State have suffered from
the drought of the season, yet we have ample cause to render
thanks to a superintending Providence for the innumerable bless-
ings which have been bestowed on our land and people.

The first subject that demands the consideration of the Repre-
sentatives of the people, is that of the financial condition of the
State. It is gratifying to know that economy has been observed
in your public expenditures; the interest upon your public debt,
promptly discharged; and the reduction of the principal not
overlooked.

The amount of the ordinary expenses of the State government,
for the year ending October 31, 1855, was $147,442 61. The
same, for the year ending October 31, 1850, was $59,522 68.
The excess of expenditure, for the year 1855, over that of 1856,
was caused, mainly, by the expenses of the Legislature, and mat-
ters necessarily connected therewith. This expenditure of $59,-
522 68, for the ordinary annual expenses of a government of more
than one million four hundred thousand inhabitants, is believed to
be less than the ordinary annual expenditures of any of our sister
States.

Among the first subjects which demand your prompt attention,
is that of providing, by law, for the reappraisement of the landed
property, for taxable purposes. The propriety of this is so mani-
fest, that, I trust your early action will enable the county officers
to commence this work before the expiration of your session.

In accordance with the provisions of the charter of the State
Bank of Indiana, its corporate powers will cease on the first of
January, 1859 — the intervening two years to be occupied in wind-
ing up and liquidating its affairs. The State, as joint owner, is
deeply interested in the safe and successful closing up of this in-
stitution. In the main, it has been managed with prudence and
sagacity, and with a view to the profits of the stockholders, and
the general interests of ihe people of the State. Few institutions
of the kind have enjoyed, so generally, the confidence of the pub-
lic. In its organization, the rights of the whole people were se-
cured ; the provisions of the charter, and ihe practice under it,
strictly guarding against every species of favoritism. Books for
the subscription of stock were faithfully kept open for the space of
thirty days. Fortunately for community, and the management of
the corporate powers of the Bank, much of the stock was taken,
in few shares, by our own farmers, mechanics, and merchants. It
commenced its operations, therefore, under the auspices of a fa-
vorable public sentiment, and has experienced, throughout its ca-
reer, instead of hostility, the most decided marks of friendship and
good will, at the hands of our citizens. Like all banking corpora-
tions, however, it has had its favorites in many portions of the
State, and has been, in many respects, a splendid monopoly.



305

It will be seen from a communication from the President, which
is herewith transmitted, that the interest of the State, in the Bank,
•upon the final closing up of its concerns, after the payment of the
bonds issued on account of the capital stock, will, in his opinion,
if prudently and safely closed up, amount to a sum of near two
millions of dollars. Efforts will be made to divert this vast fund



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