Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1841-10-05
TIE STATE BANK-USrRY.

We have heretofore made distinct charges against
the Branch 81 the State Bank Of Indiana NJ India
napolis. and have requested only the Bank
gan but any officer director of the bank, if hose
charges admitted of a doubt, to deny them over
their own proper signatures. pledging ourselves,
in hat event, to prore true all lhi; asserted.
The cause OF this local warfare, although of I'M
mense interest 10 the people az large. not Of
seeking. We had designed have pursued
somewhat different course to bring these abuses be-
fore the people. But when the Junto allowed their
weak organ to charge with "scorching falsehcod"
IN relation 10 a mere squlb-aithough true-too true
for the consciences OF those engaged = published
manly as an item Of news-ftey -cakef up The rroig
passenger. We have thrown the ''scorching iase
hood IN their teeth. We have crammed the lie in
their throats. The people themselves have given
their verdict. And ia solitary soul, who ca. read,
within the bounds OF Marion county. should still
have a lingering doubt left to the truth of our
statement, we pledge ourselves to have 1t removed
before the "des OF March" We have asked to
have the charge Of ''scorching falsehood" unquaf-
eddy Withdrawn. IL has not been done. The
OF the warfare then with those whom
i'll attempt prove be the oppessors of
the people, forced upon us. by the ignorance
weakness of the Bank organ. Ii is always motor
Ious, that a tmid person, when passing grave
yard, through solitary place, will uhisHe
or make a loud noise designing, doubt, to make
the spooks suppose he intends attacking them ;
while al the same time it takes the strongest lin
seq keep he small but papitatng heart from
making It's exit through his iarboard broadside This
might have been the case with the organ though
we are inclined to think that there was more dan
ger Of has heart running Of in liquid form through
another channel!
But the Junto responsible for the acts of It's or
gan. are not to be let off thus This, they have
probably learned by this time We therefore will
ak few questions, daring them to be answer
ed in the negative.
Has he Branch Bank here been guilty of usury ;
Let the following answer:
We ask Did not a merchant apply to the bank
for loan Just previous to the time Dr.. Stipp got
his accommodation Of $1,000 and he not told
by the officers of the bank that they keep their
funds for produce operations
Did not the gentleman then tell them that that
was what he wanted the money for
Did the officers then not ask him. achea he want
ed it and hold out to him the idea that he could
have 1t
Did they not refuse it when called for. and tell the
gentleman that he must ret bill Of exchange paya-
able at New Orleans,
Did not the gentleman get blank bill, with good
endorsers. and presenting il, tel the Teller 10
say to the directors that m the cndorsers already on
we're rot sufficient, [hc1 would put on until they
were satisfied -
Did not the Directors reject the bill thus offered
while on that, or the succeeding meeting o. DR..
George W. Stipp, 20 got an accommodation of
$500 II not to buy pro,uce.)
Did not another bank pet get discount about
the same time
Did not the aforesaid merchant then try with a
cash note for SiS5 on farmer-the note secured By
by mortgage and individual security, payable nine
ty days from date, (the time presented.) with ten
per cent interest until paid
After lie advised by the President to see
some of the Directors, was there not appointed a
meeting Of them, or some of them, and him, at the
bank
Was he then not plainly told by the Presden,
that they could do nothing for him. and that he had
better 60 10 some OF those men who bought notes.
Was not a Director standing by, sharer!
Did not the gentleman then apply to this Direct
or,
Did not the said Director tell him he would give
s:'.- for the note and if promptly met. it
would be his own: but If met he would charge him
for the of the money, SIS
This notice is getting too long. Hence we will
conclude 10y asking,
Will not that note and BIZ Of exchange render the
bank liable to Indictment for usary when it is pre-
scented to the Grand Jury
We are not done.
GRINDING.
1--WE have not approved the course Of the Branch