Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1843-04-08
5 Il A Il T. a FLAIR S.
From, TIE Indiana State Journal.
TO THE PEOPLE OF INDIANA.
THE STATE BANk--its Origin--Gen. Jack
sOn..whig Policy.
NO I I.

People Of Indiana, the wire workers Of the Lo
cofoco Party, backed by the willing Presses in
their employ, seek TO impose upon you The false
hood tina, the Wing Party is responsible for The
paternity Of the State Bank of Indiana. The
charge is false. And although it is by no means
our purpose TO wage any crusade against that 10
s,i,ulion, which is well enough in its place. and
whose issues are the only Currency that the poll
cy of Locofoco Rulers Estate Scrip excepted
had lef, U.s. yetw shall show 10 you, that Gen.
eral Jackson first introdu :ed and recommended
such Institutions that their introduction was op-
posed by the leading Wings of the Nation, and
sustained by The leading Locofocos. We shall
show you tina, leading Wings predicted panics.
suspe nsions, low prices &C., in short, the very
state Of things which has been produced, as the
result Of the establishment Of such Banks. We
shall mex, trace the history Of the State Bank OF
| Indiana. We shall show us origin, is manage
men, and The Investiga tons which have been
ha into il. The result of this i'll be 10 prove
| 10 you ,ha, the State Bank Of Indiana was char.
tered by Locofoco votes: That the investiga-
tons which have been had of lis affairs. have
been had through the fundamentally Of Wing lie.
gislaiion: Tha, Wings have invariably been vo-
ton wound up: and ,ha, the Board Of Directors,
| who manage that Bank, are all leading Locofo-
cos elected over Locofocos, as deep dyed the m
selves! When this shall bo done we shall pro-
pound the question you-What think ye OF
the veracity Of the self-siyled anti Bank Locofo-
co Party? the raers nj the Wings Wing bank
ties and funcmongers?
When General jackson destroyed the Nation.
al Bank, which WASHINGTON had created, and
which MADISON and JEFFERSON approved, he
saw fit, to supply the Currency which he had thus
Withdrawn, to place the public Deposies in State
Banks These Banks he held up to the world
and loudly applauded in his Messages. From
those Messages We subjoin extracts. making no
comments, but submitting the FACTS, naked to
the People:
From General Jacksons Message December 3, 1889
ssSinee adounmen, of Congress the Secretary
of the Treasury has directed the money OF the United
States deposited certain State Barks designated
by him, and he will Immediately lay before his reasons
for SO doing CONCUR WITH HIM ENTIRELY IN THE VIEW
SUBJECT. and come months before
the removal URGED DEPARTMENT THE PRoPRIE-
( TAKING THAT STEP
From. Ger. Jack.on's Message of Dec. 1894.
ssHappy already illustrated that the agency of the
u s. Bank the fiscal operations of the
government The State Banks found fully adequate TO
performance of all the duties which were required oil
that Bank quite promptly and with the same cheapns.
and discharged all
duties These institutions have shown capable
furnish domestic exchange, and not doubt is
ed period, all the wants of the country will
supplied promptly and cheapiy they have hereto
fore been by the Bank of the United States"
| From, Gen Jackson's Message Of Dee, 1885.
sBy the of she State Banks, which do derive
General Government, and no,
controlled by its authority II is ascer'aned that the
neys United States be collected and dsbursed
Inconvenience. and that all the
community. in relation exchange and currency,
piled well as they have ever been before.
Severed from the Governments political engines and
susceptible of dangerous extension and combination
the State Banks will not be tempted, will they
which have exercised diver, The
public funds from the legitimate purpose of the Govern
The Collection and custody of the being
the security which the States provide for faithful
ton of trusts. by multiplying the scru,ines which
their operations and accounts viii be subjected.
From, Gen. Jackson, Message, 1886.
Erpeisnee continues to realize the expectations
tanned of ability of the State Banks to perform ALL
the duties of Fiscsl Agents of the Governmen,.''
From Gen Jackson to HI, Cabinet in 1888.
ssThe funds of the Government will not ,nnhila,ec
by being transferfed-THEY IssEDTATELY fssUEr
| FOR TRADE, and if the Bank of tn,
T. States cuails It's loans, tie State Banks, strengthen
ed BIZ the public deposites uiH ertend ers VIVA, come
in through BANK will OUT through others, and ,h'
| equilibrium will be preserved''
/ Passing by these recommendations Of State
Banks al a Substitute for a National Currency
we subioin what were the opinions and PRE-
DICIIONS Of leading Wings, TO the conse
quences which must result to the Country from
that deraugemen, Of the Currency. In 1882
] Mr. EWING OF Ohio and Mr.. CLAYTON o
| Delaware, in the Senate of the United States
spoke follows:
! Mr. Ewing. of Ohio, said:
sIf ready be FRUSTRATED, if II has
desi blow and 10 and
70. final fall the distress and ruin ~zeh j, will
sion with the wealthy yholdsr. whose fund
found Investment Its stocks but must CONS
and unbroken force industry the enter
prise. the public prosperity aud private comforts oil M
wins extended West.
s.The Bank of the United States must whdraw ITS -
ses and call in its loans as them the
of money in h. country will As this medium elsa
pears from among the property OF every ihnVi1ua-
land houses s,ock--.he of the earththe labor o
the farmer aud all the products OF their la
bor down. almost to noting' stu for years tni
dob, will press nea and heavier -
The man Tn the Bank will hav. his debtors. snt