The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1854-11-09
For the Evansville Journal.1

n. II. SAFDERSS ESQ: -
would prefer that Mr.. Conant should
deny poin,edIy and specifically any alega-
ton which have made, to seeing his un-
meaning and general charges of falsehood
applied to my statements Of facts. If he
will SATISFY me of the incorrectness or un'
truth Of ny material fact stated by me, l
assure him win acknowledge my error.
For the information of the public will
here state, that any bank note, under what
ever name, whether Bank, Insurance Co.,
Manufacturing Co., or any other company,
issued in Indiana now or for years past. must
be issued by a branch Of the State Bank,
or by regularly constituted free State Stock
Bank. and in the latter case must have the
signatures OF the State Auditor and Regis
ter on the note, or the note is fraud upon
the constitution and banking laws of the
State; that therefore the notes of the
"Thames Bank of LAUREL" and of the SIN.
diana State Mining and Manufacturing Com
pany" and "Conant's Coal Banks" are all
frauds upon the constitution and banking
laws of the State.
And in answer to the question asked me
by Dir. Conant in this mornings Journal. l
say distinctly and positively, in reference to
the notes Of his manufacturing corporations
complained of in my "expose," or any other
notes, bills, or certificates to be issued by
bis corporations as a circulating medium,
that those companies have not the right to
pay out those notes "ior a piece Of coal land,
or for shovels or picks to be used by said
company for mining purposes" aud that
they lave not the right to 'give" those
"notes for wool, cotton, iron, or staple arti-
} ticles of any kind, which they wish to use
in their manufacturing business" And
need hardly add that in every instance
where either of these companies pays out
} one of those notes for any purpose above
; enumerated in Mr.. Commits question, or any
other purpose whatever, receiving value for
it, il commits fraud.
In issuing or paying out such notes, such
companies usurp a right not granted them
by the statute law, and prohibited by the
State constitution; and such usurparion i,
very grave offence against both public
trade and public police, if not against pub.
lie morals.
| have not enquired into or made any
. chargs against the former good character
or credi, OF Dir. Conant. That has nothing
to do with the question of wh. ther or not hs
and his associates are now acting in oper
y violation of law, nor have the motives o
Mr. Conant (Which he assures US are honest
. anything to do with the case.
Are his companies openly violating an,
setting at nought The banking law of India
ma by issuing all illegal currency! That i
> the question. This question is no longer de
batable. The facts have been clearly estab
: lished, and Mr.. Conant for his companie
!" pleads justification and at the same time de
nes the law. TIE law is too clear 10 ADM
Of 4 doubt either inside or outside the bar
and this community. after hearing both sides
has with great unanimity pronounce,
agains, the offenders.
Ii now remains for them to take aciiv
measures TO redeem their issues, whethe
= they be large or small, and TO give the com
= munity some public notice that they are d.
e ing SD. Ii this course is taken, all may We
be we'll II not immediately adopted, othe
!parties have given assurance OF moving /
i, the matter, in way likely to hasten the de
. sired end. and are now awaiting the dete
% mination OF those having the managemer
, Of the Companies IN question.
A CITIZEN.
'e EvASsv LIE, Nov. 3, 1854.