Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1857-05-21
S4,sS2,ss9 &c

! ''ilia i-ett h+N S4,oS2,eSS 70
lGtH LIABILITIES.
Capital Stock paid in o sl,695.O5l 50
Circulation ga .ne Hafe. I,71S,576 90
Balances between Branches, and other
Items l2.S49 81
Other Bank Balances 350,903 OF
Individual Deposites U -4l ,761 95
! Certificates of Deposite lsl.426 IL
Profit and Loss 59,32l "a
5aia s7eiE lo s., ,s32, $50 26
b. an order Of the State Board, at its
resent session, the Branches are restricted
in their discount line, to twice and half
their capital, actually paid in,-and are in
structed in addition to their Eastern ex-
change. to keep constantly in their vaults,
an amount of coin, equal to one third of
their circulation.
With this statement of the condition of
the Bank, and the action Of the Board of
Control. upon the two points most interest
ing to the public, the claims of the Bank,
to the confidence of the people might safely
rest. Inasmuch, however, as the Bank,
from It's organization to the present mo-
ment, has been assailei with vindictive-
ness and pertinacity, indicating more of
personal malice, than regard for the interests
of the people, and as these attacks are cal
culatcd to injure the Institution, where the
character Of the chief assailant, and the mo-
tives that have prompted his action, are
not understood, it may be proper for me
to avail myself of this opportunity-the
only one shall ever take---to define brief
ly the position of the Bank. and MOTIFS, the
charges deserving consideration, that have
been urged against it.
And first, will state, that the present
managers of the Dank and most of its
stockholders had no agency whatever. in
the passage of the Bank Bill. If improper
Influences were brought to bear upon the
Legislature which enacted it, the parties
now Interested in the Bank, are no, respon-
sible for them. Without their aid, it be-
came law They found it upon the Stat
ute Book, and those who were not original
subscribers, purchased their stock of those
who had the legal right TO SELL If mem
bers of the Legislature acted corruptly, let
the condemnation of the public fall upon
their heads and not upon those who had no
participation in the corruptions. it is due,
however, to the members of that Leg
islature to state that it is understood that
as far as the investigation has progressed,
the charges against them, so confidently
made, haze net been sustained by yproof-and
the people, without the strongest unim-
pcachable testimony,-will hardly be dis
posel to believe. that their representatives
some of them among the most respecta-
bic men in the State-deliberately perjnred
themselves. in the discharge of their high
official duties. But whether the charges
which have been made against them are
true or false, the Bank as at present con-
stitutcl, has nothing to do with them.
This however, leads to the inquiry
whether there are provisions in the charter
of this Bank so obnoxious and dangerous,
that honest men could not vote for them,
without being liable to the charge of cor
rupt.ol.
1t seems now to be. generally conceded,
that banks of circulation, under institutions
like ours, are of indispensable utility
The hard money experiment, Though the
ex-Governor seems still to regard it as the
pana-ea for all commercial iils) CD has
proved to be failure; and those States in
which the experiment has been tried, are
now doing most, TO encourage investments
of capital in banking. They have given to
their, citizens. charters with satisfactory
privileges; and are deriving, in facilitated
exchanges, qnickened business activity,
and their developed resources, the anticipa-
ted results. Missouri, herself, has at last
lrepudiated her long cherished delusion, and
embarked extensively in banking
Now, among all the banking institutions
Of the West, not to say the Union, what
bank is there, that has enjoyed so much of
public confidence, and so fairly merited it,
as the State Bank of Indiana? Is there q
citizen Of the State, whatever may be his
notions Of banking and the currency, who
has not felt proud Of the character and
credit Of his own State Bank The bene-
fit which the people of Indiana, for the
last twenty years, have derived from sys-
TEN that has proved itself adequate to any
emergency, safe 10 the bill and prof.
liable to the stockholder--cannot be esti-
mated. And to what is the success of the
State Bank to be attributed, while so many
other banks have ''gone by the board?" /
answer to the peculiar features of It's char
ter, and the prudence of its managers
Now, will it be believed, that there is not
q single really conservative feature in the
Charter of the Old Bank, which was ap-a
proved of and voted for by Gov. Wright.
which is not contained In that of the New,
and that large portion Of those persons
who are now engaged in managing the lat
ter, have had, for years, an active participa
tion in the management of the former
Every one knows, who knows anything a.
bout the State Bank, that the interest which
| the State had in its capital neither controlled