Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1841-09-07
cowARDLY BACKING OUT.

We copy the following from the journal. OF all
the mean. cowardly, and unsuccessful attempts to
back out from responsibility, this is the most con-
temptibie. Read II
I We are not the apologst or defender Of the Bank
We have not approved the course 81 the branch AZ
this place in all its proceedings. We now think 1t
~ ght do more TO relieve the burdens OF the people
but We VIII not assa it for wrong Of which 1t has
not been guilty. The Directors careful Of the
OF the stockholders and they probably car
~ their care so far as TO grind the people little.
But with all liz faults like State Bank. II
furnishes a good circulai ng medium. When one
gets hold OF one of u notes he kaoos he is in pos
session Of good money. II Is now the only west
Bank out OF Cincinnati whose issues are al par
II that city.
Can the Sentinel wash its hands as clean ofdefend-
ing shin-piasters and the heartess transactions OF
brokers' as of the bank We think not, and
the public think not.
The editor says he is rot the 'apologist or de-
fender Of the Bank. Take his own language in
the same article and if any thing can be more
inconsistent il not totally false. at furnishes a
good circulating medium" This is false the
father Of lies could make it. Il furnishes medium
at from to 5 per cent. discount. This IS not good
No notes are good at such a discount that and
we defy the Journal TO It's contradiction. when
gets hold Of one OF its notes he lnous that he Is
in possession Of good money" This we deny. There
is not one man in a hundred in the whole State that
knows any thing about it. We believe the Journal
editor is US ignorant as the rest and 10 one can
except the prcdtged ones, tell whether the Bank is
sound or Bankrupt at this moment. Moreover, it is
very bad sign the bank good, to refuse TO re-
deem It's promises, while that refusal is in direct Vi
olation of tie law. We viii warrant that midi
yldual in TINS State would be protected, did he re-
fuse to pay his note on demand, or when due. he
did not, these same bankers would be as fond, and
in fact are generally the first to fall upon the poor
debtor who acknowledges his inability to meet their
demands, and they are hardly satisfied, after selling
his farm or house if he has them, to leave the little
the law allows.
The editor thinks nor, (how long till the Sena-
tora election is over y '.that it might do more to
relieve the burdens Of the people" Why then not
urge it to do sol Nay, why insist that it shall
Go 80 Is this time when moneyed institution
whose controllers are rolling IN wealth, shall refuse
10 relieve the burdens Of the people Is such an
institution to be above the law, and above public
opinion It's every act shows it to be Il shaving, If
not swindhng, shop and this remark Of the Jour
nal is an admission which we are glad 30 made,
although we believe it to have been made withou,
the knowledge OF Mr. Hannaman either Of tie
other directors.
ofthe last paragraph. we will only say, let US be
judged by course. We make m attacks on pri-
vate brokers-wc encourage not their shin-plasters
we driving at what conceive to be the cor
rect remedy to put them down. Unlike many Of tie
fashionable physicians Of the day, we not dis
playing little skill on the effect 1t is tie cause
we wish 10 remove, and tie effect eeosee. Henc,
we wish to see eur banking system reformed to
our banking institutions and officers amenable
to the laws to see honesty prevail instead OF dis
honesty cupidity and corruption. Let all this be
done, and our word Tor it. the battle is ended.