Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1842-07-26
STATE BANK OF INDIANA.


The Branch at this place may be considered as
having again suspended. We are cred bly, informed
that within the last three days payment has been
refused several small sums presented at the
counter by citizens OF tins place So, 1t appears.
the resumption law is set at defiance, and note
holders must now wait patiently TIL the Bank
proper 10 pay her debts. How much longer are
the people Of Indiana disposed tolerate such
state OF affairs Let their answer be heard in the
next Legislature. The money power has ruled the
country Tor the last three years, with rod OF iron,
and II high time the people should attend To the
matter. Think of 1t. before you vote, and be sure
you kaow the principles Of the man you are voting
r.-EranscHe Statesman, Juiy 10
We notified the public two weeks SINCE that if
Bank should predominant in numbers in
luence in the next General Assembly the Bank
would suspend again, soon as the fact was ascer-
tanned that 1t could do so with impuniiy. By the
above II " IL be that one Of the branches has
had the temefty again to refuse the payment Of It's
obligations, even before the election, which sufi-
cienty esinces the desperation Of It's managers.
We cannot say that We surprised at this event ;
for IN addition to the disposition of majority OF
the branches to relapse again into suspension, We
have for sometime been aware of the tckllsh con
dition of tie Evansville Branch. IL is probably
| among the three worst managed of the lot, though
IN It's immediate ne ghbornood 1t has hereto
fore contrived 10 maintain decent reputation 10
as s0iUcBcg This was but mere show and preence
however for large portion of It's means had been
squandered; s2J,OOO or 80 900 IN building a bank
/ Ing house, aud twice much or more INFESTED in
paper worthless, or at best utterly lrredeemable.
These in addition to its ordinary liabilities, made
US certain that it could only make a show of re-
sumption by the merciu iorbearance of its credit
ors, and that it would certainly suspend as
the election should transpre. But it had not the
honesty to tough it out SO long as that it had so
long pundered the community by shaving bills Of
erchaage on piaceahes, and fell into such habits
accordingly, that the stimuli OF it's unlawful gains
became absolutely necessary to It's existence, and
so it has died
Well, II only remains for the appointed authorI-
ties to bury the rotten carcass out of sight The
law imposes this unpleasant duty upon the State
Board of Directors but upon their failure SO 20 do,
the Governor of the State, upon such fact being
tabshcd by affidavit, is required to cause a scire
facias to be sued out of the Marion Circuit Court
against said branch, and If its guilt be manifest,
then to declare that said Bank has forfeited its ex-
Istence, and in due form to legal death.
L. =. BANk.-in the Pennsy lvanIa House of Re
representatives., Monday the 18th inst, Mr.. Shars-
wood from the committee to investigate the charges
of bribery and corruption by the L. >. Bank or It's
agents, to influence legislation, made lengthy re-
port. which he himself read. The report sets forth
the fact that money TO the amount of sl3l 900 was
drawn from the L. :. Bank. in 1910, by George
Handy, ID. VI Brodhead, and George w. South,
and states that Brodheal, George Reed, and JOS
cph Solms, were the agents of the Bank to obtain
Lori. III
tive and members of the legislature from any parti-
cpation knowledge of corruption by the Bank
its agents officers, TO obtain legislation.
MIR. Lowry made a minority report. setting forth
that the of Investigation had thrown op-
!; en- every avenue to obtain information, and even
. admitted the hearsay test ony. in order to i'm.
plicate the Governor and others, but that not al
iota of test mony had been elected to affect tho
character of the Executive any member of the
Legislature lie advises that criminal prosecution
be instituted against George Reed ID. VI. .;rodhea'
and George Handy.
lie also that he offered resolution for sub
penang Porter but that he overruIed
Mr.. Deord also submitted a sort of appendix K
the report of the mnjority, excuIpating the Execu
tive from the knowledg of corruption by the bank
I NEW ll,MpsHIRE AND rnE MNND.MUs Acr-
The subjoned the resolutions, relation to tn,
Mandamus Act OF the Coon Congress, conmandn!
the States to district themselves. passed by the lie
i glslature OF New Hampshire It's late session -
n Resoired That the Constitution of the Unite,
gives the Legislature each State the righ
to prescribe the times, places and manner OF hOldn!
= elections for Senators and Representatives. IN Tn,
I Congress OF the United States.
n Resotred, That so long as the States continue t
exercise tins power secure the representa-
ton Congress the National Leg stature do no
possess the right to interfere with and control suc
regulations.
Resoired. That when the Legislature of any Stat
shall taIl TO adopt such regulations, and then only
5 Congress may do 1t.
] Resoired, That the Constitution of the United
States not confer upon Congress the right t
control the legislation of the States, and prescr bt
: to the legislatures what they shall pursue.
/ Resoired. That whenever u case shall occur whct
shall warrant any acton the part OF the Genera
Government relative to the elections, the times
e places. and manner OF holding the elections, mus
be prescribed by Congress directly, and not throug
the Sta.e Government
: ReSofred, That the recent act of Congress direct
ing the States 10 be Distracted Tor the choice of Re
: representatives. Congress. a direct violation o
the provision of the Federal compact, and we can
not regard the binding the States.
J. Resotred, That we cannot sanction 80 unauthor
If Ized interference IN domestic relations IN
+ part OF Congress. and shah therefore decne 10 dis
frict fhis STATE for the choice # Representatives.
Congress.
;, :. ID. GoopaIcn, Esq peter Parley.) has bee
nominated by the Wings of Massachusetts, as
candidate for Congress, to supply the vacancy oc
casloned by the death OF Hon VIM. ;. lIastlng.