The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1854-11-28
CINCINNATI CORRESPONDENCE.



in chaotic condition, though within day
or two quite an Improvement has been man.
ifest, owing in great degree to returning :
confidence in the minds of the community,
rather than to any real change in the actual
condition Of things. Gold which few days
since sold for and 8. and even higher.
premium, is now in good supply at 2 per
cent and declining. Eastern Exchange still
holds up to 2 per cent, and some Is selling at
81; but the prospect is that the rate will in
day or two be down to II. These are good
signs. s seaa -..-.r b x i al
Third street has lost its wonted animation.
The old and heavy banking houses which
have suspended. look cad and solemn, their
doors closed, and "Bank shut" staring
through their windows. The suspensions
here, it is quite evident-that is those Of Ell
lis & Sturgess, T. 8. Goodman & Co.,
Smead, Collard e. Hughes. Mechanics e.
Traders Bank, aud some others-were not
SO much from actual insolvency az from Z
panic, which created an immediate call on
them, beyond their actual cash on hand. A
suspension was therefore inevitable. And
now that ii sy nave suspended and are fore.
ed to 60 into liquidation, how they will come
out is uncertain. The times are un!ayorable,
and the delays and difficulties of settlement
will doubtless be great. The probability is
that few, if any. will pay in full, though un-
der different circumstances there would per.
haps be handsome excess of assets in all,
except two or three cases. The failure Of
Geo. Milne e. Co. is considered about the
worst of prominent houses which have gone
over. s''ia .aas;7aa q
Since leaving home, two weeks since,
have noticed various Interpretations in
r the Indiana press, in regard to the State
, Bank Of Indiana. II has been stated that
the Lawrenceburgh Branch had suspe ended;
that the meeting Of the State Board at In
dianapolis last week, was to consider the
subject of a suspension of the whole Bank;
!, that the meeting was to crush out the free
Banks, with a view to a recharter of the
4 State Bank; that the State Bank was in
league with the brokers in the run upon the
!, free banks for coin; that the Bank had sus-
. pended once and would no doubt do SO again.
. And various other charges which do not re-
member.
q Now with those who know the facts, any
a notice Of such statements, or of the denun.
Citations of those who, either from malice
/, interested and dishonest motives, or culpable
!. ignorance, are giving currency to them, il
;, entirely needless. The public at large, how.
ever, may be deceived and misled by these
:. reckless assaults of reckless and vena
press, and some reply may be due both to
the Bank and the public.
st The charge that the Lawrencebureh >,
n any other branch has suspended, is not true
{. And though this is now well known. the
Dr. presses which first heralded the charge. ant
,. dweit upon it with hyena satisfaction, have
J. not, to my knowledge, had the candor t.
correct the state ment. 1t is true that, ow.
ing to transfer of the Lawrenceburgl
Branch into new hands, some months since
" certain irregularities were introduced by tn
. new proprietors (who were full of Youn,
America and owned free Bank in Indiana)
and the result might have been, what tn,
newspapers so much seemed to desire-a sus
I, pension-hsd not the State BOARD promptl
=, taken the Branch in hand requiring q trans
fer of it's stocks, the election of a new Boar
Of Directors and a new President Gan oil
Fogy at tlnD, and set the whole concern Of
" good, old fashioned conservative ground, an
20 placed it in position to defy the combine'
" attacks of the most greedy Shylocks an
i'd most puny and mendacious squibsters.
ly The charge Z hat the State Board contem
no plated suspension of specie payments, o
to met to consider that subject, is not only un
ed true but absurd. 1t was not called, but
e, regular quarterly meeting. to declare dividend
Re and transact any other business deemed ex
w pedient.
The subject Of suspension Of the Ban
was not before the Board. With tn
strength which she presents, the introduction
" Of such q subject would have been freaso
- to the institution. I enclose copy of tn
statement Of the condition Of the Bank o
the 3lst ult., and ais comparison of il
condition at that date with its con dition on
ms year previous. You will please publs
m. these statements in connection with this LEI
m ter. Every one competent to judge, will Sc
ne that the Bank is amply fortifed-indeed Ixvis
Chilly srRoSG--and has but to hold stead
hand and maintain her present proud pos
,se ton, to bid defiance to all assaults. whic