Vandalia Whig and Illinois intelligencer. [volume] (Vandalia, Ill.) 1832-183?, 1833-02-13
STATE BANK.

oh tue sueCt Oh establishing Balik during tie pres
ent session of the legislature of this state. There
lie no doubt, as the writer suggests, but this mat
ter should be treated with great circumspection,
and every used to bring it before the public in
an uno3ectionable form. And so far the Interests
OF the people are concerned great should be Ia
ken not to involve them in difficulties, or hazard them
in any mi inner when it can possibly be avoided As
the writer observes, experience has taught sad
lesson in relation to banks and banking which ought
not to be disregarded and may be of much benefit
10 the present case. t.,
The bill for the establishment of State Bank, now
pending IN our legislature is based upon quite dit
ierent grounds from those of the old State Bank
which first ought to be examined before final con-
demnation is made. If we understand the PROPOSE
ton correctly. it proposes to establish Bank upon
an entire metallic basis, one third of the stock
to be paid in before the bank goes into operation the
state reservng the privilege OF owning one-third Of
the stock, and the remainder to be owned by
individuals the state also having control of the bank
IN proportion to the amount Of stock owned Thus
one great evil is obviated, and one of which
the writer seems to be very fearful, that of allowing
the state unlimited control in the selection of its Of
AA~N'S
Germs
We wond object, most seriously, to the establish
ment OF a similar institution to the old State Bank
That institution, which was created for purpose.
less useful and through motives less pure than the
one now in contemplation could not be expected to
stand many years. as it established upon false
foundation. The many defacations Of which the
writer speaks, have been the cause in great meas
ure OF the failure of that institution and which will
in future no doubt, be guarded against; and those
who have violated the trust so sacredly reposed in
should meet with their Just condemnation at the
hands of the peope--for hold it to be one of the
most correct principles in republican governments,
and one to which the people have ever manifested
strong adherence, that PUBLIC DEFAULTERS
have just reasonable claims upon their SURFACES
for any civil Office whatever; and elevating them to
responsible stations i'll the transaction of our nation
well state affairs, encourages Others to COM
NIT the same crimes while the rights Of the honest po
ton of community are disregarded. The idea tina,
because an individual possesses the necessary quail
dcations, honesty and integrity excepted, for any
public trust whatever, he should be allowed fall sway
Ill the iulhment and management OF any responsible
oHCe, Is pTeposterous; we nave honest enough
in the state who are equally well qualified in other
respects to fill all vacancies in public Offices which
may occur; and if the people direct Their attention
to this matter in the selection OF then public lunc-
honaries, it may be attended with much advantage
The treaty con cluded with the Potawatomie In.
dams, the Goth of last October, at Tppecanoe Indi
ana, by Messrs. JENNINGS, DAVIS and CauaiE, COM
missioners on the part Of the U. S., has been confirm
ed By the first article the Ia liaGs cele to theU
ted States, all the territory included within the fol-
lowing boundary, viz:
"Beginning at point on Lake Mic hgan ten miles
southwark of the mouth of Chicago river thence in
a direct line, to point the Kan kakee river ten
miles above its mouth; thence, with said river and the
ILLINOIS river, to the mouth of Fox river, being the
boundary OF cession made by them in 1916; thence,
with the southern boundary of the Indian Territory
to the State line between Illinois and Indiana thence
north with said line, to Lake Michigan thence with
the shore of Lake Michigan, TO the place of bcgin-
lning.n
In consideration of the cession, the U g. agree to
pay to the Indians making it, annuity of fifteen
thousand dollars for the term of fifteen years. they
also pay six hundred dollars, annually to Billy Cald-
vel, two hundred to A. Robinson, two hundred tc
Pierre lie Cicrc during HE, and twenty eight thou
sand seven hundred and forty six dollars, to satisfy
certain claims against the Indians enumerated in the
treaty. Seventy five thousand dollars, also are to be
paid IN merchandise forty FIVE thousand, immediate
y after signing the treaty, and thirty at Chicago in
1888