The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1854-11-01
INDIANA STOCK BANKS.

Indianapolis to ascertain the condition of
the Stock Banks:
The committee who were appointed at
meeting of the cit zens Of Louisville, held on
the 18th inst, for the purposes of investigat-
ing the charter and condition Of the Free
Banks Of Indiana, have visited the capitol and
had an interview with the Auditor, whose
books were exposed and examined, and also
the bonds deposited by each and every bank
ing association, and from him we have OBJ.
tanned his report under his signature.
And having carefully examined the law,
creating these banks we find that each and
every shareholder Of any such association
shall be liable, in his individual capacity, for
any cotract, debt, or engagement of such
association, to an amount over and above
his stock; and that all the plates, dies, and
materials used tor printing and making the
notes are procured and safety kept by the
Auditor, and when any bank fails to comply
with the law creating it, the plates, dies, &c,
of said bank shall be destroyed by the Au-
ditor in the presence OF the Governor and
Treasurer of State; and that the Auditor
shall, after thirty days, proceed to sell the
stocks so pledged, and, from the proceeds OF
such sale, pay and cancel the notes OF the
bank-the bill holder being, in all cases, the
preferred creditors.
ALI of which is respectfully submitted.
w. LEE WHITE.
b. NUSSELMAN, : Com.
RIA. SHRADER,
There was meeting of the business men
of New Albany, few days ago, for the pur-
pose of manifesting their confidence in the
Free Banks Of the State, and the following
preamble and resolutions were adopted.
Some seventy or eighty of the business men
of the city signed their names to these res
olutions, and the list is published in the Tri-
bune:
Whereas, Great efforts are now being
made, by brokers and others, to depreciaie
the value of the Notes of the Free Banks of
Indian and in order to counteract as far as
possible the injurious results to business
consequent upon efforts such as these.
Therefore, be it
ReSOlrad, That in the opinion of this meet
ing there ere no just grounds for the appre-
tensions which are being excited in refer
ence 10 the solvency OF all the Free Banks
now doing a legitimate banking business
within the State. Be it further
Resoired, That in all our business trans.
actions we will receive tho notes of all the
Free Banks Of this State which continues to
redeem their circulation as presented at
their counters.
| The ST. Louis Intellgencer of last Sa,ur-
urday says:
This week closes the career OF Indiana
Stock Bank currency in this city, and il
closes all chances of the introduction Of the
Free Banking system into Missouri, we aP.
prehend. Yesterday, all the Bankers and
Brokers Of St. Louis ceased taking Indiana
Stock Bank currency without reference to
standing or character. They buy at srch
rates Of discount as the condition OF the re-
jected Banks may require.
The Indiana system Of Free Banking was
not well guarded, but we presume the ex.
plosion OF the system explodes the idea on
which il is sed. Stock won't do to issue
notes of circulation on Noting but coin
will keep up Bank notes issue.
The S.. Louis News of the same day says:
| Indiana Stock bank notes were worked off
yesterday in some localities at q shave OF ten
per cent. Merchants and business men OF
every kind refuse to take the notes at all.
The New York Tribune of the 24,h says:
Mr.. s. C.. Thompson, OF the Banking.
house Of j. Thompson, has left for Indian
apos to ascertain the standing and position
of the Indiana free banks. Mr.. Thompson
appears to be determined to procure the re-
demption of Indiana money. or place the
banks in the hands ofthe Auditor for liquida-
ton.
| Mr.. s. C. Thompson, according to this
must be very great man. "Mr. T.. is de.
termined to procure the redemption of Indi'
ana money or place the banks in the hand:
Of the Auditor" Rich, truly! Mr.. Thompson
we take it, must be a Rothschid or some ia.
dividual with a"pocket full of rocks" II
can't be he OF the Bank Note Reporter that's
going to work this might change in Indiana.