The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1854-10-30
nIoneyExcitement.

Money Excitement.
During the whole of last week there was
considerable excitement in our business cir
cles, in reference to Indiana State Stock
Banks money. Reports from all quarters,
that is from the larger Western cities, prov
ed that the business men and banks Of those
cities, well stirred up by the science of bro
kerage and its agents, were looking with cool
eyes at our banks, and in ia ct discarding our
State Stock money pretty generally. Gin
cinnati had taken the lead. The brokers
started the game there os returning this
money, and the consequence has been tn at
these same men have probably experienced
within the last two weeks little of the clos
est time they ever before realized-so close
indeed as to close some of their doors
while the business men of that city, and
right in the full flush of the fall trade, have
been thrown on their pecuniary "beam
ends" and into very pretty financial con-
fusion generally.
Louisville followed, but her merchants and
editors were first very bitter against the
"Cincinnati shavers," and sagely spoke to
lndianians about the liberality of Louisville
folks, and contrasted themselves delightfully."-
with the sharpers of the big city further up
the creek. But just about the time the Gin
cinnati jjbbers had held a meeting and sign
ed pledge to take the notes of all Indiana
Stock Banks till these banks respectively re.
fused to redeem said notes-out came sad
murmurs from the Louisville gentlemen,
and it was found the liberality and anti
shaving principles they so warmly professed,
were very considerable "all in the eye."-
About last Tuesday, business men at Louis
vile, with few exceptions. were rather gener
ally refusing to take these notes. The LOU
isvile Journal of that day made the follow
ing quotations in its money article:
1.-THE brokers are taking the notes of the
following Indiana banks at per cent dis.
count: Farmers and Mechanics Bank of
New Albany, Bank of Indiana, Cat Madson)
all the Evansville Banks, (Canal. Crescent
City, and N. Y. g. Va.) Bank Of Salem, and
one Of the Terre Haute Banks"
In all seven banks were put on par with
our Indiana State Bank, the brokers of
Louisville. Yet we understand, that scarce
ly meals victuals can be bought in that
city with the money of our State Stock
Banks, although with only two or three ex.
ceptons, those banks are redeeming their
notes with specie. The steamer Fawn 1--WE
are sinking in" facts) down here Thursday,
declined taking any Indiana State Stock
notes but those of Evansville, on charges
for goods, the clerk stating that those were
the only kind acceptable in business circles
atLouisville.
st. Louis picked up the cry, and made
wholesale slaughter. One of her Bank Note
Detectors ruled out about every Stock Bank
in Indiana, at one jump. Even way up in
Chicago, came some similar news. And
now these notes, which a few months ago
were choice currency in river business from
Pittsburgh to New Orleans, can scarcely be
passed except right at home for any specific
or Imaginative sum, coming under the name
ofhohcy. hnu YET ouT Nouko are TeueemIn8
their money, with but two or three exuep.
tons, and are generally amply secured!
Our own Banks were last week very eau
tious in handling money, and refused to re.
ceive on deposit the notes of several State
Stock Banks they had taken the week be.
fore. Consequently, these notes not being
bunkabLe, at once fell under suspicion here,
and were touched cautiously all around But
something new may turn up in this connec-
ton this week. There has got to be some
united action among our Banks and business
men, and the quicker this is settled, the bet
ter for all parties. Our community is now
in an excited state on this question No
man not fully posted, knows..whatt to take or
what to give. There are rumors about the
action OF the State Bank and its branches in
this matter to which we do not choose to
give publicity, but of which we. may have
something to say as facts are ELECTED,
OEThe St. Louis Republican of the Goth
says that party Of one hundred and fifty
emigrants, from Boston,, under the auspices