The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1855-02-19

.IrpIASApoLrs, Feb. IA, 1855.


Dear Sir:-"T hings are working" here.
The absorbing topic is BANKING. and all as
vet 4 chaos on the subject. There is an
evident feeling over the State in favor of a
new hank with branches, and awaiting of
this fact. a. set Of uuscr0p0lous cormorants
(who have duped few honest men into
their scheme) have gotten up the bill for
such an insti ution now before the Senate,
and which was introduced there on the 3lst
10 the bin which=certain newspa-
per sscribhsrs and dilapidated demagogues
f9ek discount) asserted to be put forth by
the State Bank. need hardly say that the
assertions were-what every body instin Give.
" knew, their. origia nsidered-ntterly
fa,se. The President and Cashier, the only
represc natives of the Bank then here,
knew nothing Of the bill until its publiea.
ton, and they, and the whole State Bank
Board OF Directors, repudiate, as all honest
nen must, this villainous attempt to perpe-
trate a>most atrocious fraud upon the State.
The whole thing was designed as a swindle
to put money IN the pockets Of the orig;Sa-
tors of the intended foul iniquity. Whether
they will succeed ia forcing the bill through,
remains to be SEEN, There are said to be
powerful influences n. work in its behalf,
/ and that nothing bat = prompt and clear ex-
posure Of the cheat designed can secure it's
defeat. The fraud is well covered up. yet
not so we'll as TO blind any clear headed bust
mess man, the least familiar with the rela-
|tions of the State with the State Bank
Briefly: the object is TO not only control the
whole stock-cutting the public of from
coming in-but also getting immediate own
ership of the State stock now in the State
Bank. and pocketing the profits on it for the
ensuing two. years, instead Of leaving them
to 60 into the school fund as now provided.
The magnitude of this spceulation-thusa at.
tempted--is seen in the fact thatthe amount
which would thus be wrested from the schco!
fund, would exceed quarter Of million
dollars. .s'ss- .. - '''' 81
i The charter is drawn with much Skill
Three. quarters of it are copied literally from
the State Bank chatter, and are unexcey-
tionable. The rascalisy is found in the new
sections, especially in the 10th, slst and s4th
sections. ass' With proper amendments Of
these, and few other sections, the bill
would be a good one, and such as the o d
State Bank men and all our citizens could
unite in subscribing to-. Such amendments
have now been made in the State Bank and
submitted to various members Of the two
houses; more with the view to prevent o
great wrong, than to engage actively in any
measures to secure new bank. Yet that
: those connected with the State Bank feel
an interest in the establishment of new
and good bank, il rot denied. In common
: with the public at large, they have interests
in such an institution, outside the mere stock
: they may take in it. As regards bank and
branches under.tbe new constitution, none
can be looked for which can give the owners
: Of the old State Bsnk any exclusive privil-
eyes. All that can be doue-or should be
desired as things stand, is, that q charter
snosid be .psssea Offering equal and far in
ducemenis 70 all % inssvs in IL ava sstssfsss
terry security to chose who may trust IT. s I
! What will be done with shs'ffes banks y
! liz doubt Ny impression is t.ad I thisx 4
erigh) that the law relating to shem viii =
e amended. so as to Aeetihe views Of those
!, connected with the sound legitimate bsnk,
a under that system. Some fear that coslb
d tion will be formed wberebylto carry the free
}, bank bin, and The spsculators' biil for bant
with branches, by an exchange Of votes.--
That the get,ers up Of this latter bill vii
make any trade to gain their point, admit,
. no doubt; but that the friends Of free bank'
: will owe their success to connivance in 90
! gross wrong, do not yet believe. :
a The Governor has not yet signed the H.
quor law, and it is supposed will not. HI
Twill probably neither sign nor veto IL. ia
which case il becomes law. Should III
{ veto il. the houses will pass ie over bis veto
< So whisky must close shop, to which | 50,
m consent" -
saw our Representatives to-day, and an
glad to soy, they looked 10 if their consci
n ences were easy and theirtemporal wants pso
r. vided for. Our military Senator has los
9 none Of his urbanity aud good looks, but il
u |" Richard himseif'' all the tine. While ou
Representative, If less shogy, 10 not q Viii
e. behind in aiding to do credit to the dignis,
'eof old vanderburgh. These geaslemea Ar
- =. said to be very industrious and attentive q
V. their duties, and will not, I feel assured. fai
o tn favor mr. loo. ;ntepestsa md - al tine