The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1856-02-21

T
is tha. his statements are no. much 10 be relied
upon.
II does not authorize discounts % the
amount of three times Lhe deposits, and so far
frorl giving any authority to issue paper, i
makes no provision oa that subject whatever
I Ia another part of the charter. however. II IS
expressly provided that NJ Branch can obtain
any paper for issues bu, such AS Is delivered
I to It bv the Central Beard Of Directors. and
that the latter shall never deliver more than
twice the amount Of capital actually PAID In
Therefore no Branch can ever. under any
! circumstances obtain greater amount OF It's
its own notes than twice the amount OF its
capital. and. of course, no greater amount can
/ be issued for any purpose.
THE GOVERNOR IS STILL FRACTIoUs.
The act passed both houses of the Legisla-
ture, Notwithstanding the veto, and it is not
very surprising that it should, after the Gov
ernors misrepresen'atiOns Were exposed. So,
the Governor was hoorcd and took nothing by
that motion. But he was not satisfied with
interposing al the constitutional means In his
power 10 prevent tie passage OF the act. even
after adding thereto the more questionable
expedieni Of disappearing its contents.
1t might be supposed that one who profes
ses SO much devotion 10 the people, after
law had been passed by TIE Representatives
Of the people. and after it had become his du
ty. under his official oath. 70 support and ex
ecute it. would have suspended his hostility.
and ceased. at least. from making fractions
opposition. Bat not so. Alter .nterpo>.ng
all ordinary and lawful means. and being
able 70 prevent the passage OF d law which
he did notlke. he resolves TO nullify or defeat
its execution by any means. Ii this position
was reconcileable with his official oath or with
the duties of his office, i. is difficult to per-
ceiv. how.
He says. indeed, the people did not desire
their representatives to make this law This
is the excuse of tyrants and usurpers in all
cases. Who is to be the Judge of the wishes
of their constituents, he or hey'
As soon as the law was passed, he under
took to prevent its going inio operation by
deterring people from subscribing for the
stock. Yet he makes great complaints that
the greater part of the stock was taken by
few persons. and that they prevented Others
from subscribing! Ii such was their desire
and intent. they certainly had very Jealous
assistant i'll his excellency for it was notorious
that he used every exertion in his power to
deter those over whom he could exercise any
influence from taking it. The stock was
taken. however. notwithstanding his opposi-
ton.
THE GOVERNOR BRINGS SUIT.
The next expedient of the Governor was to
commence suit in the Marion Circuit Court.
To enable him to do he purchased--it Is
said on credit--one share of stock in the pres
ent State Bank of Indiana. This was done,
as he eays, to try the constitutional question
that is, to present himself TO the court a
banker, and complain that his rights and fran
chises had been prodgiousy injured by the
establishment of the new bank. lie exhlbi-
ted wonderful magnanimity in thus casting
himself avoluntarv victim under the OF
, Juggernaut, in order to be injured. that he
might have an opportunity 10 complain, and
all for the benefit OF set of old fogy bankers.
who were SO blind that they could not see
how they were injured. perverse that
thew could not be induced 10 institute q suit
, on their own account.
The complaint he filed was quite curiosi-
ty. The burden Of it was, that the sub Com
, missioners had acted improperly in opening :
the books for subscriptions of stock. and that
the Legislature had no power to charter any
institution, with authority to discount pape,
, or receive deposits. during the existence of the
I corporation of which his excelency had be
come magnanimous a member.
Every material averment IN the complain
was demurred to. aud an the demurrers were
=, promptly sustained by the court. Il wa
=
+ complaint. even if all the facts stated by him
were true He then obtained leave 10 amend
r his complaint which. after long delay, he
/ did when the demurrers were relied anc
again sustained This, of course. put an end
t to his complaint in that court. 1t is true he
, PRAYED an appeal to the Supreme Court, ana
the case may be said TO be still pending
: but no one can for a moment doubt the re
suit.
Ii is true also that on the day before the
court adjourned. and SO late in the term as
/, prevest tn, attorney for the bank from
taking any step in the cause, a new suit wa
( commenced. which is merely rehash of tbs
same matters confirmed in tie first complain
j. put III the form of au information.
4 1t seems quite apparent that the institution
;. of this second suit was purposely delayed. Il
r prevent any disposition being made of it. ant
. to have it to say that there suits pending
4 with view TO d~credit the bank and dete
r people from having confidence in lis stock
!, Il has entirely failed. however To have tha
d, effect with those TO whom the facts at,
o. known.
> With those to whom the Governor i
known. i. is pretty well understood that al
this splutter is made with a view 10 CRAFTY
% personal enmity he entertains against some o
A the persons interested in the bank. and witt
- the hope that it may aid him TO his aspira
- tons to be forwarded to Washington City a
the next session of the Legislature Fortu
a nstely. "for the credit of the State his long
a. .nss for Senatorial honors are not likely to b
!, gratiied. His present Office has made hin
y pretty well known. and he Is one of the pohti
clans OF these days whose reputation for unfit
,e ness-to be-trus;ed increases. upon aequaln
,- lance, with marvellous rapidity
j. THE GOVERNORS CONSISTENCY.
IN IL twould perhaps. be too much to expec