The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1855-02-10
The second BANK Meeting.

Il uClC w "a uuotuSt A"'
.itizens at the new Court House night be-
ore last, to hear the currency question fur
her discussed; all seemed anxious and Gu.
rims IN listen and be enlightened upon a
subject in which every one felt so deep an
interest. Whether, upon the whole, any
one experienced the qualification Of really
feeling wiser upon the currency question,
when he left the house, than when he came,
we think very much "mixed." There was
much tllking and declamation-some little
argument, and less logic, all going to shoc
and incontrovertaby, that the pres
mt state of the currency is bad! aye, usry bad!!
The advocates of the old State Bank, the
supporters of the Free Banking System. and
those who avowed themselves "fornenst
BOTH" all agreed, as touching this hitherto
ambiguous and unsettled question.
Resolutions which were recommitted at
the meeting Of Tuesday night, were repro
duced, carefully revised, recommending the
re charter OF the old State Bank, or Bank
with Branches, as nearly like the old State
Bank as possible; or, if neither was practic-
able under the State Constitution, that steps
be Immediately tken to so amend the Con-
s,itution as to admit of the estat lishment OF
State Bank or one similar, before the wind
ing up of the one now in existence.
Mr.. Jones, in presenting the resolutions,
explained the meaning and the intention Of
the committee in framing them, and said it
was impossible to draft set Of resolutions
recommending the re-charter of the State
Bank, without their implying a want Of con-
fidence in the Free Banks, and their inabili-
ty to furnish the people with sound, sufi-
cient and convertible currency. The reso-
lutions bestowed some "laint praise" upon
few of the Free Banks, bu- did not regard
the system favoraby. Mr.. Ingle followed,
agreeing with the resolutions generally, but
desired to amend them in some important
particulars. He discussed the subject rt
length, and various systems Of banking, with
their success or failure in other Sates-cn-
deavoriDg t. establish by history and philos-
ophy that T. e Free Bank system was as good
as any. He was followed by VIM. Hubbeli
Esq, who was member of the commit &c
on resolutions, and advocated them in a
lengthy argumen Mr. II. said that they
had I'll met, as citizens, to devise some meas
ures of financial relief; but after speech
of an hour, during which time he threw
about as much light upon the subject as
those who had preceded him, he came to the
conclusion that he would leave the mattel
to solder and wiser heads"
| Up to this time the discussion had beer
quite sultory on both sides.
Judge Baker next took the. stand ant
made some excellent passes, both at the res
olutions and the former speakers. He wa,
Free Bank man, and thought the system
well managed was as good as any on record
Major Robinson was next allied to tn
stand-and his, was most emphatically Ia
speech of the evening. He said she wa
neither Fee Bank mar, nor State D. nj
man, but fornenst both" Hegave yer,
humorous account of the origin Of the Ere
Banks. H said SHAT the Constitutions
Convention, that able body, which met i
1850. Jego!, and the session of the legislator
which followed, brought forth hitler of Ere
Banks, and that the people were trying t
raise them, with John p. Dunn as dry nurse.
Il This striking illustration of the workin
of the Free Bank system, under the directio
| OF Auditor Dunn. excited much merrimen
/ The Major strongly advocated the char
currency" and he argued well to prove it tn
only reliable, convertible currency.
: The adoption of resolutions was postpone
and tho meeting adjourned to last night.