The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1856-03-24
Kansas Legislature


member Of the Union, prior to It's ADMISSION
After this Was read, the following resolution
was offered and after long discussion de-
feated. srac9 Ys7a.vrev vE
Reso7UeJ, That all laws passed by this House
shall take effect Immediately upon the. adns
sionof Kansas into the Union as a sovereign
State and no act shall become a law, unless
by special act of the Senate and House, at a
subsequent session of the legislature
The following resolution finally prevailed:
Rss3lcea BY the Senate and House of Rep
of the State of Kansas, that the
laws enacted by the present Legislature shall
not@have effect until an act be passed by the
present, or some future Legislature, declaring
them in force, unless by special enactment.
The Ranks and Brokers Trading at cincin-
natl, &c, a
w hen we penned the article in Saturdays
paper relative to Indian, Banks and Cincinnati
we had no idea Of the extent ofthe
run made by these brokers on the Indiana
Banks, and the consequent interruption to the
natural course Of business il. some parts Of
the State, Facts giyen-in the State journal
of the 21st, prove that this run on our Banks.
promises as much financial c6liiision and dis
tress as marked the history Of banking az
fairs in this State couple years ago. The
Journal says tl4atin less than three weeks
$850,G00 have been run in upon oul@ Banks,
and for that time no Bank has yepfured to
discount to any extent to men dealing at Gin
cinnati, and as a relief, the business men of
indianapolis have determined to bny no. moro
at Cincinnati The business rnen" have adj
dressed circular to the merchants, &c, &c,
ofths State. Ne give it below. We can
not perceive how the Cincinnati merchants are
5lamer5Js for their course, nor does this circu-
lar prove they. are-yct at the same time, for
the reason given above, we can well conceive
that country dealers IN some portions of this
State might be pursuing bad policy by max
ing their purchases at Cincinnati. This, we
think, would not heidoing justice to Uincin-
natl merchants, but ittwould be doing justice
to themselves and their own interests. It re-
solves itself simply into the question, whether
Indiana merchants will purchase when the
currency of the State paid for goods viii be
sent home immediately for redemption, OF pur-
chase where these notes viii continue abroad
at least for some time, or Disseminate among
our own State community as currency
Country dealers who purchase dry goods,
groceries, DC, &C.. at Evansville, can pay
their cashor notes in thecurrency octhe State,
with The assurance. that this money viii not
ba ot oy,ca vr,itl II ~, ~, f,.o,,, a;--f..:
ing returned to the Banks for rede1nption.-
BY purchasing at Cincinnati, under the pres
ent condition Of things, the assurance Is Just
the contrary, At the same time, We make this
statement we do not agree with the business
men of.Indianapolis in abusing or blaming the
Cincinnati merchants. THE necessity Of de-
positing their money with the brokers. or
changing il to Eastern f7c Exchange IS, una7oida-
bic, while the brokers' themselves are pursuing
their legitimate SHINING business by making
all they can off the funds in their hands,
They doubtless far aspossibeg skin both sides.
But here is the Indianapolis Circular
z5t5e Nsrc1oats, Aec8a,oics, Stoch and Pro7acc
Dealers, md Ba1tels IF Lt}fqaa.
Whereas, an unscrupuIous and.uncalied for
warfare has been made by the Brokers and
Wholesale De2tearS QfCinclnnati upon the In
diana Banks; And whereas the said Brokers
and Merchants have established in the Citr of
indianapolis an Agency, for the express and
sole purpose OF sorting and sending home to.
the Banks, for redemption, every dollar OF In
diana money which they can procure; And
whereas, the res ut Of such action On the part
OF the CINCINNATI Brokers and Merchants has
BEEN and Will continue 70 be, highly preudicialI
% every department. Of the Trade and Business
OF Indiana, we beg leave to cali your attention
10 the matter as follows: .i.rs H,y-.a.a.- -.
WITHIN the short space Of eighteen DAYS
these Cincinnati brokers and merchants have
returned to our banks, for redemption. tIeal-
most Incredible sum of $4,000. This large
amount of the currency Of Indiana has tins
been F0KCEDQUT Differentiation, 1t is well
known to every business man that Indiana
has not, by five millions Of dollars at least. \
sufficient currency to meet the dc ulancls of
business. r. therefore the small az 1oant oil
currency which we haYeti IS forced out ofeircu- I
la1ioIl, the result VIII be disastrous to the en-
tire business interests of Indiana f
s What indGcenent canTh8re be for tl1e banl
er to issue his. notes, When.theY are returned
to him Within few weeks Of their issue fPh6f
policy Of the Cincinnati merchants and br8.
kers in running 4he Indiana banks las AL (
ready begun todevelop itsi6iJirious effects +
upon the1basiBess. naeR ofIndiana The Banks
gre compelled, ia selfprotec.ion, to refuse ac.
COMMUNICATIONS t5stocl2 dealers produce buv- 4
eTs, and Iaelchants & be resulta IS that fi1afi-
former WILDE u1able to realize the cash heex-
pected to meet his maturing Bills With the +
merchant; and thsmerchant 2Hilb be unable to
rect ihs bills, (f these t'I1Insi1upon our banks
!, eoIistlA}tie, as they 4natTe. The resaIt will