aenudiation In Indiana.
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of Indiana to procure some adjustment on the
part of the State of the claims Of her creditors,
but the proceedings at Indianapolis so illusrr-
tive of the character OF Reputation and Repu-
diatorO that we are impelled to give them more
extended notice.


In the Senate, Mr Deffees of st. Joseph at an
early day submitted proposition to fund the ex-
listing debt and back interest, and levy g tax
sufficient to pay three per cent. annually on the
whole amount This was voted down, all the
Lgco. Focos and a part of the Wings opposing 1t
1.-THE poor excuse of the latter was the fact that
the Executive was Loco Foco. the Senate precti-
cally 50, and that it belonged to the Governor to
originate and recommend all necessary plans for
preserving the State Faith. They will find this
course in the end as deficient in policy rs In
honesty. If the Wings had from the beginning
proclaimed and insisted tina! the State should pay
as soon and as fast as possible, they would have
arrayed on their side whatever of conscience
there is among the People, and must have ulti-


nately triumphed, while covering themselves
with undying honor.]


Nothing can be more false than the pretence
that those who voted against paying promptly
part OF the interest legally due intended thereby
to express anxiety TO pay the whole. Nothing
Ike this was pretended By them Some of them
in conversation openly advocated the Reputation
of part Of the bonds known as the Suspended
Debt) while many opposed the payment of any
more than the present value Of the Bonds, thus
insisting that the State should derive the utmost
advantage from her own wrong, and mako her
first breach OF faith the basis Of one moro delibe
rate and iniquitous.


When the Revenue or Tax bill came up, Mr..
Defrees made another and humber effort. He
moved the striking out of 20 cents State Tax on
the Sl00 and inserting Instead 25 cents, and the
striking out OF 50 cents Poll Tax and inserting IS
cents-the avails of the increase TO be devoted u
the payment of the Domestic Deb: (Which is now
funded in bills Of S5 and $50, drawing six per
cent interest and receivable for Taxes, so as in
fallihly to absorb all the surplus receipts of the
Treasury The intent and effect of this measure
vas to pay off speedily the Domestic Debt, and
give chance to apply something to the Foreign
1t was poted dOwa, only eight Wings and one
Loco. Foco supporting 1.-THE force OF rascality
could no farther go.


Toward the close of Tho Session, sn agent OF
bond.holders in this Country and Europe to the
extent of Six or Eight Millions Of Dollars ap-
peared in Indianapolis, clothed with power TO Of
fer terms of compromise SO liberal as TO be dis
graceful to the State. He offered, in confer
ence with Gov. Whitcomb, to accept on behalf
Of the bond-holders, new bonds, for the principal,
back interest ut three per cent per ennum and
interest ahead for three years at the same reduced
rate-the said bonds to draw no farther interest
until after the three years had expired, and then
to be payable, principal and interest both, al the
expiration of thirty years This was u effect an
offer to take about forty cents on the dollar for
all the State owed; for there can be no rational
doubt that all the bond holders would have ac.
ceded to the terms proffered by part of their own
number Gov. Whtcomb refused to recommend |
compliance ,oith this proposition, bet sent in
Message suggesting all manner of caviIs and OBJ
stacles, and leaving all to the discretion of that
body. OF course, that excessively discreet body |
did nothing.


The hypocrisy and knavery of this course |
would not have been complete If the Legislature |
before adiourning, had not passed strong resolu |
tions eonaemning Republication During their |
pendsnoy, Mr.. Defrees moved the following |
amendment:


"Apd as an evidence of our sincerity in the senti
mcnts herein expressed, hereby pledge ourselves
10 raise the rate Of taxation at this Session OF the
Legislature n order to absorb our domestic debt, |
that we may be the sooner able 10 pay portion OF
the interest on our foreign debt"


Which was roted do,on--every Loco-F Foco vo-
ting against Its adoption. Comment is needless


BosroN MvNIclpAL Observation-Disclosures tral
for the election of Mayor and three Aldermen
ook place in Boston on Thursday, and resulted
no choice. The votes stood thus: For Parker,
(Whig) 3,s49; Davis, (Native) 4,42s Homer,
Loco) 1904; scattering 40. This is a net gain
for the Wings of ILL sinco the last trial.


v THunLow WEED and daughter with num-
ber Of our citizens in search of health reached ST.
Croix ON the 9Th u,. in the ship Cornelia from thia
port, after rapid and pleasant passage of II day..
Doct. Van Alstyne, of Albany, one of the passen-
gers, died on the passage. The passengers, tsmong
tneut Stopnou w aAu '4'' NA>' 'N'S' -
Kernochan of this City,) united in warm tessimo
nial to Capt French for his uniform kindness aud
attention during the voyace.


y MIR. GaAaAa's LkcruRE on WArEs-CuRs,
delivered at Clinton Hall las, evening, was attended
by highly respectable though not n numerous au'
deace, who listened 10 him with interest for an hour
and three-qusrters. His remarks were ainostwholi
ofa preliminary character, designed as he said 10
lay the foundation for what is TO follow in subse-
qrent Lectures. They related chiefly TO certain
fundamental principles of Physiology, which ne
thought important to explain in order 10 fair an-
dess,anding Of the Water Treatg1ent. lie will
speak again on Monday evening, when We hope he
Will succeed in getting at the suhj8ct named in ths
advertisement.


ANsxxATloN IN MYcHeAs.-on The I'D inst. the /
House OF Representatives OF Michigan passed TO a |
L;-l ,he inint resolution instrncticp their