The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1855-03-07
fFer ne Journal.1
state sank nil.

Mr.. SANDERS:
As your remarks upon the State Bank bill
just passed BY the Legislature, may lead to q
msa pprehen sion of the facts connected
with that bill, allow me few words upon It:
You say: "That the most obnoxious lea.
lures of the bill and some of its amendments
were stricken OUT" and elf the present law
is not generally satisfactory to the friends Of
the State Bank, il will be their own fault"
Now, the bill as originally introduced, was
gotten up by outside parties, and was design.
ed to swindle the State out of large sum Of
money. The State Bank had no knowledge
Of, nor hand in this bill. After its publica.
nation by the directors Of the State Bank,
then in regular quarterly session at Indians.
polls. It was found 80 grossly objections.
BILE that il was felt to be q duty to the people
to save them from the fraud contemplated
upon them. Up to this time, those connect.
ed with the bank had abstained from any
measures connected with new charter, and
only entered upon the subject for the reason
given. Their only object was to purify the
bill, and if possible make it what the wants
of the people demanded-not to ask any.
thing for themselves or the present State
Bank.
They accordingly suggested amendments
to the bill and submitted these amendments
to the proper committee, and to the members
of the Senate, in which body the bill was 10.
troduced. The frauds of the bill were so
apparent, and the propriefv Of the amend.
ments so clear, that only foregone conclu-
sion-a predetermined passage Of the bill
right or wrong-(for motives and reasons not
easily regarded as honest)--but for this, the
amendments would have been adopted. And
az it was, twenty-one Senators, within five
Of a majority, failing to secure these amend.
ments, voted against the bill and entered a
strong protest, demonstrating in Gear and
logical terms the base iniquity of the bill as
passed-passed in it's original shape, not
single amendment, except one, being per-
mitted-all except that being voted out, and
that one in no material degree removing the
Objectionable character of the bill.
When the bill reached the House, the
friends of amendment renewed their efforts,
and succeeded i'm shearing it Of its worst
features, and az it is believed, making it in
the main satisfactory to all who desire q
good bank, and will be content with the
legitimate advantages to result from such an
institution.
In view of the facts it is hardly correct to
say that"i the law is not satisfactory to the
friends OF the State Bank, it will be their
own fault" They did what they could to
make good bill out Of very bad one; and
despite the powerful influences against them
were not wholly unsuccessful. And il the
bill is at all acceptable to the public, the
credit Of its being so, in no small degree, Il
due to their efforts in urging attention to thu
wrongs in the original bill, and in suggesting
the remedy for them. K.
And for that very reason we said IL chi!
bill is not satisfactory to the friends Of TIT
State Bank, it will be their own fault-tha
is, the fault Of those who using their inhu
ence successfully, made pretty much such
bill as they wanted.-ED. JOURNAL.