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STATE DEBr' AcT.-O Our readers. will re


joice-i 10 hear that the State Debt Act meets


the entire approbaiiou Of the bondholders in


The East, and that work on The Canal will be


commenced in three months from this time.


The TeHe Haule Express says:-"Welearn
that letters from New York give the crafty
ing intelligence that the arrangements for
The Stale Debt oc Indiana and the completion
of the Wabash and Erie Canal passed at the
late session of the Legislature, meets the
entire approval of prominent holders Of our
bonds in that city, We further understand,
that active measures are in progress TO car
~ the act into effect at an early day, and that


in all probability, operations on the Canal
will be resumed as early as the first Of July
nert. This intelligence will be gratifying 10
all the friends of public credit. io'- ra'1