IMPORTANT NEWS.
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ed by the English BOndhoIders!


The most important news brought by the Caledonia,
iscontained in the following paragraph Which appears
in the editorial columns of the New York Journal OF
Commerce, under date of June 20th. Nothing now
remains but for American bondholders to follow the
example of the English, and the financial policy o
Indiana will be fixed for a series of years. No un
toward events occurring, Indiana will retrieve bel
Debt win be discharged.


Indiana Debt.


We are gratified to learn that the Caledonia steam.
er brought out the resolutions of the London commit
tee under whose authority Mr.. Charles Butler ha:
acted to the effect that it will be for the interest Of
the bondholders to concur in the principle laid down
in the act passed last winter by the Legislature for the
adjustment of the public debt Of Indiana, by the pay
ment of moiety of the principal and interest by
taxation, ard the other moety by the property and
tolls of the Wabash and Erie canal from the State line
to the Ohio river,-such property TO be assigned tc
three trustees and the State to be freed from respon
sbilty on that portion Of the debt and interest so
be secured


Mr.. Butler is requested to apply to the Bondhoders
of the State of Indiana resident in the United States
for their cooperation with the Bondhoders in Europe
in carrying out the arrangement upon the principle
above stated.


We understand the action of the committee TO have
been entirely unanimous and it is composed Of SIX
of the most eminent banking houses in London their
determination in the matter, which the result Of
thorough examination into the subject, will carry
with it great weight and give relief to the State and
its foreign creditors.