Des Moines courier. ([Ottumwa] Iowa) 1848-1854, 1853-02-24
Bank of Chicago.


ac,ly into fits, but into insanity. Ii was
a spiritual concern, managed by SETH
PAINE and Ira b. EDDY. The Chicago
Tribune gives the following account Of
its last hours:
We suppose that the Bauk of Chicago
is drawing nigh its end. II received
yesterday at the hands of jury, what
is generally understood to be DEATH
blow. |, has all along protested TO be a
spiritual institution. II will certainly
now cease TO be temporal one. Its
doors will be closed and its windows bar
red, and TO the "rsps" OF those holders
of its bills, who seek admii,ance, no an
swer Except from spirits) will be return
ed. On application by the friends Of
The President. Ira b. Eddy, evidence was
taken in regard to his sanity. Some Of
the leading men OF the city, lawyers.
doctors, and merchants were called upon
the stand, and their testimony was uni.
form and conclusive. Doctor Brainard,
Mr.. Thompson, DR.. Dyer and others,
were full aud explicit in giving facts that
had convinced them Of the mournful
truth of the case. Some of the testi-
mohy was sufficiently rich. One state
ment was that Mr.. Eddy had said that
the spirit of Gen. Jackson had met and
talked with him, and that Jackson said
that .'no Uhig could enter the Kingdom
of Heaven" According to this, the old
General is ready to "iaKe the response
bili,y" still.
Though the element of fun has per.
tanned largely to all this affair Of the
spiritual bank, yetits history is sufficient
y mournful. 1t gives ano.ber marked
example of the danger and the wrong of
these "splri,ual proceedings-whose on
ly permanent fruit, il seems, is the un-
settling Of the reason. the waste Of time
and money, and the disturbance Of the
community, with the addition, 10 this in
stance, of the public abuse of good citi-
gems, the reviling of christian ministers,
and the profane use Of the holy crea,
tors name. When Mr.. Paine publishes
The Christian Banker, which, although
il may excite mirth at the cleverness of
its hits and even admiration at the daring
Of its abuse, YET makes one shudder al
the profanity Of its tone and the gross.
ness Of its rawlings, and when Ira b. Ed
dy iestifies before the grand jury tina,
besides Seth Paine and himself "God
the Father, God the Son, and God the
Holy Ghost, are Directors Of the Bank
of Chicago" il is time that an outraged
community setup between itself and sucl,
fanatics the protection Of the law; and
they have done SO.
The Jury, after an absence o. some
ton minutes. brought in their verdic, that
Mr.. Eddy vas lunatic, and his prop
erty. which is no, little, is put by or,
der Of the Court in the hands of ''con-
SENATOR" The Bank of Chicago, too,
is closed. Its bills will doubtless all be
redeemed within few days. as soon as
a settlement of its affairs can be had
Thus will end this teaching history of
mingled fun and sorrow. "By their
fruits we shall know Them"
We regrst TO hear that Mr.. Ed, was
last evening in frantic state. He was
fiourishing revolver, and threatening in
fearful terms TO shoe! the frs, man that
ven,ured to interfere with his business.
His friends tried TO pacify him bu. with
no success. Mr.. Paine appeared differ.
ens. That gentleman affects the .sub.
dued" style. The strength has gone
from him like Samson of old, and he
has concluded 10 .'be like any other
man." This being distracted" TO use
the term of the statute, may pay for
awhile, but Mr.. Paine is sensible enough
to know tina, when there is danger Of a
jury sitting on the case, and Judge ap-
pointing conservative, il is branch of
business that may as well be relinqnish
ed.
On the application Of his sister, ID. G.
Eddy was appointed conserya,or of the
estate of Ira b. Eddy, on his giving
bonds TO the amount Of 1000, to be
approved by The Court of Common
Pleas