Richmond palladium. [volume] (Richmond, Wayne County, Ind.) 1831-1837, 1837-05-27
PUBLIC MEETING IN RICHMOND.

I A numerous meeting OF the citizens Of Richmond
convened ON the 2Osh inst agreeable to a call pre-
viOusly given for that purpose at the Council Cham
bcr- The meeting was organized by appointing
i Capt. Daniel Rei chairman, and Irwin Reed, Sec
rotary. The object Of the meeting having been
briefly stated by J. w. Borden, and various paPer.
relative TO the suspension Of specie payment by
the Banks in the eastern cities, and other parts Of
the Union, and also the proceedings Of the Board
Of Directors Of the State Bank Of Indiana, recon-
mending similar course to the Banks N this state,
having been read; On moaica Of d.. Wm. b. Smith,
Resos.ed. That q committee Of Eve be aPPo;a-
ted BY the Chair to take iato consideration the
Propristy Of recommending to the Branch Bank
at this place Temporary suspension Of specie pay
ments during the present pecuniary exigeacies.
d.. w. B. Smith, Col. 8. Fleming, Messrs. Ed.
Grover, w. K Foulke, and John Finley, Esq, were
sence, reported the following preamble and resolu-
sOns; which after remarks from Messss. Borden,
Fouke, Coffin, and Grover, who addressed the
meeting, were unanimously adopted.
Where's, The Bankisg institutions in the cities
Of New York, Philadelphia, Baltimore, and Ciocin-
natl. have for the present suspended specie pay
meats. At the request Of large end respectable
neetings Of the people Of those cities, and where
~ the continuation Of payments in specie BY the
Braaches Of the State Bask Of lndiana, while the
Banks of other states have suspended specie pay
mests, would lead to the exportation Of specie
from our state, and produce serioas evils to our
ctizens;and whereas, at . meeting Of the board of
Directors Of the State Bank, it was recommended
to the several branches to suspend, for the pres
ent. specie payments, until tie resumption Of the
same BY other banking Institutions Of the West.
except in case Of private depostes, made with the
understanding Of payment in specie; and Of PEN
sionsrs, who should always be paid in sPecie;-l
therefore,
LIST Resoi,ed, That this meeting recommend to the
Directors Of the Branch At Richmond ofthe State
Bank ofIndiana, to suspend specie payments for
L. 10 In ~ left n0ff
the State Board.
%. Resolved, That such 10 our Conscience il. the
solvescy and correct management ofthe State Bank
Of Indiana asd branches. that We will continue to
receive and recommend their notes to other,
believing them SQUAD - asy other paper curren-
cy in the United States; and We also recommend
to the Richmood Branch to continue to receive
such notes Of other banks - they have heretofore
taken, SO long ~ The Directors may have conf
dence in their solvency.
ID. R<solUed, That uodev existing circumstan n
ces recommend to our fellow citizens spirit
Dffosbearancs with each other and mutual aid in al
wing asy excitemeuts which may arise in tho pub
lie miod in the present crisis-having full conf
lence that the present state Of things will shortly
change for the better.
On motion of Mr.. Borden-Resolved, That the
be requested to wait upon the Board ofDirectors
II the Branch Bank in thls place and lay the pro-
.esdiegs Of this meeting before them.
Aiso-Resossed, That the proceedings Of this
meeting be pabli'hed in the papers in this bank
listrict.
The following arc the resolutions Of the Boardl
r Directors Of the State Bank Of Indiana, sdopied
Nay 18th, 1887, above referedto.
whereas, il has come to tho information Of this lc
that entire suspension Of specie pay
Dents has taken place BY the banks in the cities off
Iew Yosk. Philadelphia, (includng the Bank Of Il
be United Ssates) Baltimore and Cincinnah; and ii
vheseas the hanks il those cities heavily ndeb
a a. L~ft III
nd whereas the sa5ety VI this instiiutioo and the
interests q the state, being large ssockholder
hereia, and the people Of ss saats requires that
be hees anoont Of specie 800 u the vaults Of thelu
]saaeRes be retained fo0 tsiae dmvn cot to 9TH ID
z sesaos ssd hanks, thessese, II