Documentary Journal of Indiana 1844

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Sliou'd the measure heretofore, in this report recom- mended, be adopted by the Legislature, it would materially check the accumulation of inteiest against us, and would hasten our release from the thraldom of State indebtedness. A marked difference ex- ists, it will be seen, between this report and the last annual report of the committee of ways and means, as to the length of time I'equired to discharge our domestic indebtedness. They estimate that $80,000 per year of that indebtedness will be... absorbed by the sinking fund; 157 the present committee deem that estimate without proper foundation, as it would be a mere change of creditors, the State still being re- sponsible for the same to the common school fund. The only dif- ference between tables C and I) is, that table C supposes that the law relative to tolls and water rents on the Wabash and Erie canal will remain as it now is, table D supposes the present law will be repealed, and that tolls and water rents will be received in par funds.

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