Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1843-04-22

ton of 1912. The Bank Examiner appointed by
Wing Legisatios and Investigation had thereby
General Howard. The Legislation of 1923. Motion
TO wind up the Bank The testimony Of Locofoco Ed-
tor. Bank Directors. Conclusion.
The investigation into the affairs Of The State
Bank of Indiana, set foot by Mr.. JUDAH in Is
1919, and so meanly skulked by the Locofoco Par
~, with clear majority, in ls39-4o, was prompt
~ put into practice by the Wings in the Winter
! Of 1S4l-2. At that Session of the Legislature
| (as the Journal Of the Senate shows,) Mr. SANDS
/ the Wing Senator from the Counties Of Craw.
/ ford and Orange, as early in the Session as De-
cember 10Th, ed the follow ing resolution, viz
sResoired. Tha, the Committee the State Bank in
que, generally, into the condition and
of the State Bank of Indiana, and Branches
'sThat the said Committee inquire lst The of
in circulation each Bank ID The actual
of specie hand in each Branch 3D. That Indebtedness
of each Branch. independent of its liability for
circulation. 4h. The Of each Branch, ndepen-
dent of specie hand. 5i. The Dividend declared by
Branch The suspension specie payments
9th. Whether any Rules prescribed
their taken place Branches
9TH. What specie paid out, under
what circumstances, since tie suspension of specie pay
ments. S.h Whether any of the Directors other Off
GERS have received of sneee o, note, for
purpose of brokerage 9Th Whether any Director
of tho State Bank Branches holds any Office under
State or General Government and that said Committee
author to -.ap
the SAID Invesiig aiion.o
On the day which the foregoing reso'
la ion offered ia the Senate JOHN S. DAVIS,
WING member from the county Of Floyd, offer
ed in his place in the House of Representatives
the following resolution, viz:
ssReeoired. That the COMMITTEES o State Bank
direcsed condition the State Bank
and each Branch thereof i'll the following particulars,
wit: Isl, The amount of notes i'll circulation each
Branch. I'd. The amount of specie on hand in each
Branch 3D. The Indebtedness of each Branch other than
s in circulation. 4,h. Amount of assets of each
Branch, other specie hand. 5th Whether any
prescribed of discounts,
the Charter, have been violated at Branch. 9th.
any Directors Sta,e;Bank
eo, holds Office under the General State Govern
ard il the of such Director and the Office
held. 7th. What dividends have paid the Stock
holders the suspension of specie payments. S,h-
What of specie has been parted with by each
Branch the suspension of specie Payments and
what purposes: And said Committee have pow
send for and papers, the said In
ves,igation"
A moro rigid investigation could no, have beon
instituted than did these resolutions require-em-
bracing in their scope tho circulation, the specie,
the indebtedness, the assets, the dividends paid,
the amount of specie parted with, and for what
purposes. subsequent IA suspension. together with
The legal conduct and political bearing of the State
Bank and every Branch thereof. These rssolu.
tons were the offspring of Wing Senate and
Wing Representative Of the People! of mems
bors Of that Party whom the Locofocos seek to
brand as the up o! the dongs Of the Bank!
These resolutions were adopted and an Agent
was appointed, on behalf of the State, to examine
into the affairs Of the State Bank. And wha, die
the Wig Senator do in siis particulars Tho
question deserves answer, as well TO further
exhibit the manliness of the Wing Party as The
udicrous cowardice OF the Locofocos The Jour
nails of The Legislature for that year, tell this
ry: When the question was before the Senate Of
.rho should be the Agent OF the State, to nsesii-
to ha RAM md Rrap
Chat their skirts might be forever blameess,)
would no, even propose the! Wing should
be entrusted with that examination. They dete-
rmined that the Locofocos should have the mat.
all their way. Accordingly, [see the
Journai,) Mr.. WATTS, Wing Senator, moved
that TlLGHMAN A. HOWARD should be ap-
pointed tina, Agent. Instead Of accedine to the
proposition, 10! and behold! Mr.. CHAMBER
LAIN, of Elkhar., Che most thorough embodi>
ment Of Locofocoism ii has ever been lot to
wtness1 rose in his place ia the Senate and e.
scented the motion insult! He thought i,
insulting that Mr.. Howard, whose political pros
poets were of 20 large q calbar, should be level
led TO the small business of serving the People
in so vital particular shat in which the solv-
ency OF the only currency which they enjoyed,
was concerned! The motion was put and erery
Locofoco roted against General Hovard. as Bank
Inres.iga.or!! NATHAN B. PALMER was then Ia
ken up and unanimously elected. So much for
the s.Whigr Bank legislation Of ls41-2.
And how was it during the past winteif And
this brings US down to this moment. Leading
Wings took ground agsins, the Bank and leading
Locofocos its favor! We are well spared the
the detail of these facts lfor which, really, We
have no space.) by what are about to publish
from the columns of an Indiana Locofoco Editor
We give beioy an extract from Paper called
THE EAGLE, published in lafayette, in this
State. It's Editor is among the Oldest and ables,
Of that Party in the State. We extract what fol-
lows from his shee. Of the 5th OF last February,
viz:
ssThe Democratic doctrine been against Banks
against tbs Democratic party having thing do
with them. What do ths oetion Of nsrs
bers Of the present Democratic Legislature, which