Plymouth banner. (Plymouth, Marshall County, Ind.) 1852-1855, 1854-12-21
FREE BANKS.

II
on the 14th and l5;h instant. in which
was represented the interest of the Spe.
one Banks were represented, of which the
following is true list:
Hoosier bank, Logansport. Pollard.
Prest.
Prairie City bank. Terre Haute, C Fl Bar
bour: President N w Graham. Director.
Indiana Stock bank, Laporte, J Smith
Kellum, Cashier.
Gramercy bank. Lafayette, C w Vince
lock, Cashier.
Western bank, Plymouth. John Porter
Cashier.
Canal bank. Evansville. G Magee, and
John Ingle. jr.. Directors.
Fayette County bank. Connersvi,le, M
Helms. F. esident.
La Grange bank. La Grange. P Will
liams. Cashier.
Bank of Indiana, Michigan City. C
Blair. President
Bank of Syracuse, H Barns. Represent
Cambridge City bank, w Burson,
Cashier.
Bank of Rockville, C II Levings, Cash.
Ter. A Everett, Director.
Salem bank. Thos G Harris. President.
Bank OF Monticello. M Brown. Repret.
Crescent City bank. VIM Baker Cashier
Indiana bank. Madison, L Whitney,
President. Hager. Director.
Central bank, Indianapolis. o Bowen,
President.
Bank Of Goshen, H Barnes, President
Bank of Salem, w DePauw. Pr.st.
Farmers bank, Westfeld, w Robson,
President.
Kentucky Stock bank, w Pidgeon.
President.
Kalamazoo bank. Albion. w Dodge,
President.
Bank of Warsaw. VIM Williams, Prest.
Bank Mount Vernon, Geo G Baker,
Director
Bank of Peol.
Bank of Elkhart. P Moorhouse, IT, Prst.
Merchant and Mechanics bank, New
Albany. PiPpin. Presit. Brown.
Director.
Bank of thu Capitol. wooley. Cash
Traders bank, Indianapolis. ] Wooley
acting Cashier.
New York andVirginiaStateStock bank
Evansville.
Farmers and Mechanics bank Indian
apolis. w 7 May.
No other Banks were represented in
the convention.
Among other resolutions adopted by
the Committee, was the following:
"Resolrsd, That we will receive and
pay out the notes Of the banks represent
ed in this convention a. specie paying
banks in ell business transactions, and
that we will in case treat par funds
the issues Of any suspended bank what
ever"
An Address was then proposed, and
submitted to The public. as follows:
ITO THE PUBLIC. The undersigned com
mittee of the Convention of Specie pay
Ing Free Banks OF Indiana. held at Indian
spolis, on the 14th and 18th December,
1854. to prepare an address 10 the pub
lie. on the condition and character of said
banks. beg leave TO ley before the pab.
lie the following facts and differences:
1.-THE Convention numbered representa-
tiyes from thirty one OF the Free Banks
of The State, which. Notwithstanding ell
the reports abroad. OF general suspension.
have never at any time, uuder any cir
cumstsnces, refused TO redeem their is
sues in Coin. The history and present
condition of said 81 banks, were freely
and fully examined and canvassed by the
convention. as will be seen by the pub
lished report Of its proceedings.
The following facts relative 10 their
condition, were established 10 the salis-
faction Of the Convention:
Aggregate capital stock of
the 81 banks at this time 1896, 3l5
Specie and eastern exchange 354 .470
Curry and other Blk balls 523 .O47
Bills discounted PAP, 264
Circulation outstanding l,24S, 405
II was proven upon examination, that
the stock holders Of the several banks re-
presented. are able 10 take up entire, the
outstanding circulation of thcir respec-
tive banks. without resort to the stocks
now deposited with the Auditor of State
In view OF these facts. and the late try
ing ordeal through which these banks
have just passed without blemish. not
withstanding the present imperfections
of the laws under which they have been
organized, The Committee. without fear
or kssitancy. chsllarss for them the con-
fdence and credit of the public at home
and abroad.
The committee cannot avoid allusion
to the fact, that there are some other
free banks of the State who, although
under the emergency have not in their
first setting out, been able to -sspoad in
every instance. to the deman for coin
upon them. will establish for themselves
a credit. by rigid adherence to the Law
of their existance and bank ussges, and
who will from this time forward entitle
themselves to public credit and conf
dence and TO association with those banks
represented in the convention.
In view OF the success of the free bank
system. where it has been the ionges;
tested, the committee feel assured that
with the aid of judicious Legislation by