The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1854-11-18

Within the last few days there has been
decided in.pr ,vement, on the street and in
our business circles, with regard to Indiana
money. The bank table, which has been
found in our columns since Saturday, and
which was prepared by Us with some consid-
cradle care, from the original papers on file
in the Auditors .fice. will show the kind
of struri'ies upon which the banks are se-
verally based, as well as where the stock is
principally held. This will enable the bill
hpder to discriminate. with some little ap-
proxima'ion to certainly. between those that
are safe and those that are. unsafe. Taking
this table as the criterion by which to Judge'
AID at present We know Of 10 better criterion
there are but ten or twelve Of the whole list
that we would discredit. These may be
summed up as follows:
Bank of Connersvi lie. Connersviile.
Bank Of Bridgeport; Perry Co.
Bank ut Attica; Aftica.
Western Bank. Plymouth.
| Bank Of America, Morocco.
Government Stock Bank, Lafayette.
Traders Bank, TIRE Haute
| Drovers' Bank, Rome.
Plymouth Bank. Plymouth.
Orange Bank, Posesviie.
! Perry Co Bank, Canneiton.
The reason why we would discredt these
/ Banks, in the absence Of any information
calculated to inspire public confidence in
their ultimate soundness, IS simply this:
They are all based upon Indiana 8 CENTS,
which are at present discount OF l5 to Ii
per cent, and being owned and controlled
by non resid. nts, the individual liability
clause is considered Of little value as u re-
sulting security against loss on the stocks IN
the hands of The Auditor. II may be that
some of these are p,riectly good, and their
circulation redeemable in specie, on presen
ltation. If so, we shalt be pleased to note
the fact, whenever il comes to our knowl-
edge. AT present we don't like the looks OF
them.
As we have remarked heretofore, the pre-.
sent system of free banking is no particular
favurite o: ours. Il does not afford the kind
lof currency that we could desire-that which
would carry you through any pert OF the
IJTuited States, the same as coin. And yet
we believe il is about the safest currency To
law away, now atluat. 1t don't suit our bust
ness men exactly, because il is not oankable,
and ,he7 can't pay their forei. n bulls with
liz. But u thu farmer, Who has no immediate
use for mon ey, and has no notes in bank 10
Inject. n unC'Cu tuuu Htbc'tcu'uo W
the Ohio aud tennessee aud kentucky, now
in circulation. Il was but u lew days ,gu
that The Kentucky Trust Comoany, the Gin
ton Bank u, Colu,nb US, Circlevile, ard other
Ohio paper, were bankable here, while most
lof our tree banks were discredited; now the
livery worst OF our free bank circulation d
preferred to hem. II is next to impossible
that the bi holder Of any OF our banks baset
upon deposit OF & per cent stocks, ana
owned in the State, can lose by them, unless
they choose To be shaved for banka Ole money
Let cur farmers remember this, and give
her apprehe nsions TO the winds. Our mrr'
chants and business men are receiving THIS
money al par, with very few exceptions. J.
is ais receiving for city taxes, and ought u
be, and doubtless will b. receivable for STATE
and county propos s. Before sixty days we
predict that exchange will b. down-'he
brokers' occupation will be gone-the b'"ks
will begin to txpand-the m'nry pressure
will be- relicved-and all things will glide
smoothly on again. Till then, let US all
lhang on To the willows, and weather the
storm as well as we can.-N A, Tribune