Plymouth banner. (Plymouth, Marshall County, Ind.) 1852-1855, 1855-04-26
New state Bank.


Branches, has not been published; aud
some charge me with neglect of duty, be-
cause it has not been done at the expense
/ Ct the State. Now, sirs, every rejecting
man must know, tina, in order 10 have
( any favored act published anterior 20 the
pu5lica ton of all the nets ofthat session
of the Legislature, il must be done either
I by a resolution 10 that effect. or by a sec
zion of the bill declaring an emergency to
exist; and in either case il must be spe
cited how. and under whose supervision
( it shall be done This law provides
"that all expenses incurred in carrying
! into effect the provisions OF this act shall
be paid By said Bank the Ssh section
reads thus: "inasrnuch as Il is desirable
that 'he Commissioners appointed by this
act. shall be qualified and perform their
uulics without delay. ii is declared that
an emergency exists in his case. and this
act shall be in force md take effect. from
and after its publication in one or more
newspapers published in the city of Ind
ianopol's.'
Query. Is there any one 50 yersed III
tortion rs to conslrue that TO mean that
tho Secretary Of State shall have the law
! published in one or more Of the newspa-
pors printed at Indianapolis, q, the ex-
pense Of The S,atc7
/ Madam Rumor says, that the Secretary
does not intend having it printed with
/ the other laws. Now, sir. while am
opposed 20 the exercise off any power o!
doubtful utility that may seem to assilni
! late tyranny. had beet acting rs Gov
ernor Of your State. instead Of returning
the bill with objections to the Senate, to
/ be passed over my head. md fixed Tor
twenty years rs unalierabe rs the law of
the Modes and ?ersians upon my consult
uency. would have pocketed il, and al
ter they had returned to their homes. !
would have fled it with my objections,
in the office Of the Secretary of State
Then it would have noct ssarily entered
into the next political canvass. and after
having been fairly discussed before. and
by the people, they would have sent their
Representatives up 10 the next Legi>ia-
ture, either 10 sustain me-, or, re-enoct
the law; and in either event. would
nave .Deen SoUSueu.
Had the propriely of establishing such
bank MS this. been one oil the prirci pes
OF hich the Republican Platform was
formed last summer. would have respect
fully declined the honar conferred (0s a
free will of'erng) by that meeting. upon
me on Sfsc 7r.s IS - l.. | on.
posed TO al banks. but if we must have
banks for self projection, as is urged by
some then am in favor OF that class Of
banks that have for their basis something
that is come a,-able mot conidence) by
the bill holders in the hour of bank fail
ures. My objections to this law are, in
the first place it conflicts in two particu.
lars with the constitution of our Stole.-
Sec. -" OF the bill provides that 'ihe
capital OF said bank and branches shall
not be taxed for municipal purposes. =
Sec. % of the Bill Of Rights" provides
That the General Assembly shall not
grant 20 any citizen or class of citizens.
yieges of immunilies which. upon tbs
same terms shall not equally belong &c
all citizens" Sec. Is. (Bank law pro
vides that "the order of tie board Of di
rectors oil the bank suspending any branch
shall likewise have the effect 10 suspend
all suits, judgements, orders, DEGREES. and
executions for any clam or demand which
said branch should have paid, nor shall
any such suit De progressed in. until the
matter in controversy shall have been
submitted to the board Of directors ol the
bank or the persons BY them entrusted
with the agency of sand branch; and II on
submission, the justice of such claim
shall not be admitted. and the same be
agreed 10 be paid on the closing up of the
affairs Of said branch, tho same may pro
; gress to judgment; but executions there
on, and all ether executions or decree
shall remain until ono year from th'
time such branch way Suspended"
The constitution says Justice shall b,
rendered speedily and without delay
The 45lh section of the bank bill say
that "All executions. and DEGREES, shall
, remain one year after such branch wa
suspended" The honest mechanic ma,
6 have all his hard earnings locked up il
, the vaults of the bank. and while this char
ter robs him Of his immediate redress.
! exposes him TO ruin by suits of his credit
, ors. The constitutional provision, 'tha
, all Courts shall be open" is abrogaied II
, favor Of banks. the scales of justice which
hang equipoised TO weigh and test by tn
same standard all the rights of liugants i
! disturbed, and the blindlold Goddess I
compelled to see larger immunities, ant
! better claims. in banker. than those il
party the banker may wrong. BY Sec
35, il is made the duty of branches '-t'
receive and pay GU, The revenues and fund
of the state. under the direction and con
troll OF the Treasurer OF State, wheneve
the Legislature may SO direct" An.
, one branch may receive S500.OOO o
your revenue, discount. to three times ,ha
amount, then suspend, and keep the stat
out Of her funds Cor one year after sus
pending. But il may be urged that tn,
Legislature will never direct the funds O
the state to be deposited in any Of TIT
branches OF this bank; yet, sirs. it is hare
10 tell what bank cannot accomplish b.
legislative enactment. Permit me Il
give you my experience. On certain
day in January, 1855. distinguished
Senator reported bank bill. another Sen
ator as equally distinguished. moved thu