Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1837-11-25

made. repeat, the Delay breed, da-
ger' is old MAXIM i, Of pointed and
pec,al application this Noc the t.me-and
the Wing press should speak.-[Cn. Gar.
From, the Lafayette Free Press
THE BANK.
In las, promised furshe, notice the communca
ton of the Directors which then published and
pose redeem that pledge.
The first paragraph of communication speaks
the loan the Insurance Company of five thous
dollars admits tho loan made under the mpre.
Chatter Board
directed be Withdrawn, which has been done. II also
fnr shi. loan, that did interfere
with the amount of discount to citizens We shall no till
further informed, this mater but will only
observe the exception of the that il did
MT of she Bank, contradicts
no par. o. made wssks since and also
it would be eArem.ly satisfactory know what we've the
of IN. bank time including the five thou
and dollars, also when and how it was Withdrawn;
whether in available funds, which the insurance
company bough, discount of I5O per cent; and
further did at any time, interfere
with discounts to citizens!
The mex. item is n relation Mr.. White having used
the funds Bank loaned friend large amount
'n substance incorrect But are shey
why point whore they in
correct. But the paragraph, presume IS design
given answer; and what is il! Why, that
Mr.. White did not loan y large amount of money 20
sparticula SHE did loan thousand dol
lars opartiear ends, ,o-ws Messss Taylor and Mar
shall. Now, what j, whether it friend or
friends The amber of persons, whom, not the
question: but the loan really mace!
But again. they this the of the Insurance
Company, only thing wrong abou, that ''the
proper entries made the debt of the company
Did sh- Insurance Company derive benefit from the
transaction, and the no,e taken payable to Mr.
thu nd in
counted specie and reported 10 tho State
Board before they paid in by MessEs Taylor and
Marshal, did Company draw tho whole
amour, of its funds Bank, leaving this and
counted funds of the Bank, and specie in
vault, These questions important be answered,
and without delay.
This thing shall here notice. is the private
versaton 9. Merrill, President of tho State Bank 1t
asserted, have been informed that
Mr. Merrill proceedings evidence shs
but what says tho communication of tho Directors now!
That the talked and the proceedings
table, 1t is pretended that them,
that he informed of the but spposing he
had read them; il a that could be taken
tce Of officially until spread upon the minutes Suppose
of them, had reported State
Board suppose had left, Board
the conclusion spread them the minutes,
should conclude them, resolution
pungo Suppose, the representation of Mr. Merrill
should made State Board against
Board sustaining Mr. White these charges
To- and behold when the minutes of this branch pro-
diced the proceedings be fonnd Mr.. Merrill
would DO placed in awkward sisuaon without further
explanation would stand convicted of fsehood
representation; and that and in relation
matter expected good faith and
single uprghtness
Blu. again: by authority this Board disclose
and publicly, the conversations of Mr. Merrill
conversation and such statements, place him
i, extremely light We though. these
private conversations of
N amongst been tn.
of the members of this Board had thought
II good for it, But here conversation
Mr. Merrill in relation a made public, and Al tn.
time the conduct and of
as and be understood in any other light
that this conversation dvuged for the purpose Of
Ut tanning this Board and Mr.. White transaction
IL And what the go there had been
similar and he would go for
ming Mr. W. for such let the
no zion be put the could
understand by this! That Cashiers well a
Mr. White, have been guilty of that would
and ye Mr.. Merrill, President Bank goe
cE in fox sustaining That he Pesi
dent Aforesaid placed the head of the Bank for the
pose of directing its financial and watching
il for the good of community, in the discharge of his
u duties, lays down bad precedent and follows it up.
Is this the Of the case! If
~ tina: Mr. Merrill has been guilty of
him from being longer President of the State Bank
for whatever the transaction Mr. White
the fact President Of State Board 20
he it, look upon = much heinous light
nd For this Mr. Merrill explanation the public,
not how he avoid giving and hope retain
for situation As President.
in We would say this Board have idea
the impression communication is likely make
public mind again ask, will you give
-. once!
IN The position Of the Banks is spoken Of
legal As specie is the only iascfd tender in payment
deots all who have debts pay, liable
I've same charge t-Searcely . payment is made among u
ur- people in specie According this reasoning shsn
We son of every individual in the community illegal
en-, mpusaon however. which the people s dispos
TO tolerate.
hal TREASURY NOrE-H Gen. Jackson's doctrir
of that 'a who trade borrowed capital breal
should be carried The Government shinpasses
worth cent for deny that Issuing milIo
MT IN