Indiana.
{"newspaper_name": "New-York daily tribune.", "edition": "01", "page": "p3", "byline": ""}
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We rejoice to learn by letters direct from Indian
apolis that the bill providing compromise be-
tween The State and her creditors end partial pay
man, of the ineres, on the Debt, has passed 10th
branches of the Lsgisioture-the House by g. to
33 the Senate by SO to 15. The bill went TO
the Governor on Saturday last, and would be re-
turned by him. signed, (Air. Butler writes) on Mon
dav the 18th lthe last day of the SESSION. and thus
become law. So the matter is substantially set
tied.


We have already given the provisions OF THIS Dill
The State agrees TO pay half interest ny 'aHs''n,
and the bondholdcrs agree TO look TO the Canais anu
Canal Lands for the other bali, and to secure uiis
will be Obliged 10 finish the main Canal Inc o'u
bonds are to be exchanged for new ones made 10
accord with this arrangement


We can only consider this compromise less ols-
graceful TO the State than persistence IN utter ne
ond;a,ion. indiana honestly owes the whole IN
,e-s, on her bonds she is able pay and ought to
,,,, "a the uttern.ost fartbing. Ten thousand men
nav debts every day at great Inconvenience and
.ocr;6ce-far greater than she need have made 10
nav the full interest on her debt. But she was able
TO persist in dishonest bankruptcy with impunity--
her creditors could help themselves They there
fore did wisely in proposing this compromise, and
the State might have done more than TO accept IT.
for she might have refused to pay at all. We hope
none Of the bond holders will be foolish as TO de-
cline accepting this compromise Get your fingers ou'
OF the tigers mouth when you can and II you can
not get them all take part and be careulwhere you
put the remainder next time.