Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1841-10-05
INDIANA STATE SENTINEL
DEFERRED .H.lTTER.

DEFERRED .NlTTER.
Trs STATE B,>s-rhe scandalops position Of
the s'tsie Bank Of Indiana Is beginning t. attract
the attention u deserves There can be 10 mistake
about position, and the people are becoming con-
WINGED 81 H. Either the Bauk s insolyeui and can
not pay--or II il dishonest and VII not ,pay. Let
the truth b. az 1t will. the sooner the people
made acquainted VITA 4, the better It VIII be for
them.
Tie following paragraphs ere from tie Mshawa-
Ia Iocsln
INDIANA No>aY-Whcn a bank remains IN
stafe Of Suspension Tor five consecutive years. and
shews 10 symptoms % rcsufeiug. bit constantly
Throwing her bills INTO market W buy ~ '.eNchang
-. neither look upon H. conduct n hon
ct free from cfeatlng grounds OF uspcIOn touch
ny IT. AHfLilN. such a. been the conrse al this
bank and until Tic matter Assumes less questiona
tle s,ape, got BE- well - guard stn-t too e1sy
acceptance - IL .or the produce OF lire country.
Ii sus pended banks I'D 10 VI cbsan, II seems
IL "a that IA everlasting suspension tutr not I'M
prove tie money of Indiana 10 great extent or
render It 80 peculiarly trust worthy, az oar neigh
bJrs insIst 1t -
The above. from the Mes X, ublican, expresses
cur sentiment eNscty. 1t bank IN a neighb. rug
state does not pay specie 90 Us equivalent tor -
t.l-, 4 - al once cred down ~ al in-o.vent or
tAan u-eiess lint here 10 Indiana, our Banks
nav sus >. u etcrnaiiy, that 10 one knows Whe-
Their fIev dollar "ifh hich 10 secure the BIZ
hriitr. aut charge ycI Ven or GIT cent. Tor
Gratis exchange for Their Owl bilIs, ant yet their
money cracked a. TIE very ne pins uatG OF
good currency. ihls is wrong. We cannot eX-
pect " gan friends TO resume whIlc Indiana
remains ia state Of suspension Of course such
measure would be ruiBcus 10 them. The only true
way Is To make all pay specie. then we know what
-, and what is not, good. II the democrats have a
majority ia tie House TINS year We hope they viii
take this ~ jet up ana try tue bottom otoGr banks
We should lot b. surprised ii 1t proved better
than some Of the prosecuted Vi chlgan banks.
RrsrurrloN AGNx.-We extract the following
from article IA tie Madison Courier Of the 18th
INST. 1t brcathes the right spirit, and esiuces the
true state q fuohc feeling -
The democratic members of the next legislature,
must be aware Of the fact, and # any should
lot be. sc hope he Vii make enquiry and sat. sty
himself upon Tire suIgect,) tina, the democracy Of
the State are dccidct y opposed to individuals ssu
ing paper money. under any circumstances and
stll more decidedly opposed TO the existence OF a
Bank within the state, which refuses, tor moment
70 redeem all her obi CATIONS IN specie when de
mauded ltliIn banking hours and hence the great
body OF the people look TO them TO wind up the on
Is chartered BANK the State, If she does
suine immediately and continue, without any sus-
pensions hereafter, prompt payment Of her debts IN
good tath. and ~ constitutional money.
Tie objection winch first seems piausi bic - some
that the Bank would be under the necessity Of DIS
trcssirg many of her debtors, H. case she
qnircd wind mp her affairs should have weight
whaietcr with the Legislature "or two good and
sufficient reasons, Bailie jarvis FIRST because the
Legislature m passing act 10 close tie concern
could anc shobd put provision IN that act, g.siEg
each debtor ser.cs OF years in which to fay h.s
Indebtedness. til PER cent. interest, ty making
both amply secure aud secondly. because. when Tie
Books come 10 be- opened, II VIII be found That all
vesy nearly all. OF the large debts due tie Bans
are COMING from the Directors o. the Mother Bank
and Branches who might have had better !uck
and died when they were young"
We think the time peculiarly suspicious for the
dfnocrury ia every State where they are IN power
Tor where they can Get rgInia abstractlonsts
enough TO JON with them in the effort, insure sue
cess 10 force all Banks within their respective
states tn immediately resume and continue specie
payments. or walk cut Of the ring and close up
their concerns We are certain nothing more Is ne
cessary L. accomplish that great end Tor winch the
people. aaG >peciaily the traders so earnestly aud
50 loudly Gala regulation OF the Exchanges and
now i The very time % prove II, by actual eXper-
ment, hen federalism fooled, for iour years, al
least, IN her ttorts t. establish L. : Bank, the
only thing winch, they say can regulate exchlnges.
Now Is tue tune To iTore. beyond cavll doubt
That something else dc II. aud that that
thing else can be applied. t the executive officers
Of the Jaw cln be made do their duty and that
something else nothing which conters PRIV ilcges
u2on one man AZ tie expense of his neghbors or
nterefes with any mans lawful rights It Is sim
I.y power winch forces men, though associated
IN bodies eorporatel 70 fulfil their PROMISES or crg
carey, ahd give AZ the Ghost like men.
Tur NEW C,mNrr.-The y. y. Post iefy no.
trees the nle nen' ers oiths Cabinet as follows -
Water Forward who Is nominated 20 the post OF
Seer, tary o. lie Treasury, Is western PenHsylva-
LA iawy r. = naive Of one of the New Eng an
states who IN cry lite o Pi tsburgh, ana rose
10 emin,uce a. the bar. IL Is known not 10 ~ e.,
y ia the Clay party OF the banking qut stion. -.
tie other hand, be a hightarifi man, and slrong-
Is attached 70 The m.sche vous protective system.