Ristine v. State ex rel. Board of Commissioners of the Sinking Fund

Indiana owes a foreign debt contracted anterior to the war, the aggregate annual interest on which is 320,000 dollars, payable semi-annually, on the first days of January and Jidy, in the city of New York, to such persons as may hold her bonds. To the punctual payment of the principal and interest of this debt the faith of the State is solemnly pledged; and the non-payment of either, when due, would cover the State with dishonor.-

The money to pay these demands, at the proper times, must be provided by the State, and placed in her treasury, before it can thus be applied in payment. 1 G-. & H.…