Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1857-05-14

sue the shadow, but claim and receive the
substance.
We may differ about all this, but we
cannot mistake this significant fact. If we
must have Banks of circulation, they must
have the confidence of the community ii
they succeed They must commence,
(abovc all other Institutions, and have for
their support, if sustained, the action and
confidence of the farmer, mechanic, mer
chant and business men of the country.
Look at the evidence before you. Less
than thirty persons had a majority of all
the stock--thc controlling influence in what
is imposingly called the Bank Of tie State
Of Indiana. The exclusive right to fur
nish twelve millions of currency for the
people Of the State. SO managed as to be
pla-el in its commencement IN the hands
of men, majority of whom had no expe-
riencc in financial matters-many of whom
cannot manage their own affairs, much less
those of Others. How is it now? In many
of the branches a majority of the stock is
held by non-residents-in many others,
not farmer or mechanic is in any way
connected with it.
What would our people, and their Rep
resentatives, have said and done twenty
years ago, if at the quiet AMI peaceful city
of Richmond, nine tenths of tle stock of
that Branch had been given to citizen not
connected with banking anywhere, non
resident, while such men as Mr.. Radcliffe
AMI others were waiting to take stock, citi-
zens of the county, men interested IN the
success of the Branch? say, what would
the press of the country have said and pub
lishel twenty years ago, and what would
the representatives of the people have adop-
ted, in their Legislative capacity, after such
conduct as is portrayed in your report
Gentlemen, may be mistaken, but think
remedy would have been provided for
such outrageous conduct. Not only at
Richmond, but at Evansville, and many
other branches, the same astonishing frauds
were commenced AMI carried out.
Many gentlemen in private attack me,
and attempt to impugumy mot.veS-to call
in question my purpose. To all this |
have but one answer to make. If have
erred, let the consequences be upon my
head. You, the Representatives OF the
people, must so home and give an account
to your constituents for your conduct, for
having neglected to provide any remedy for
this evil. i shall prosecute the suit against
this fraudulent institution. | will, as a
citizen, now nv official relation to the peo-
pie having closed, ON all occasions use ms
influence, AID what means | can raise, TO
have the courts decide upnn the merits OF
this corporation.
Believing, as verify do, that this Insti-
tuition never can have the confidence of the
people, that no such institution, with
such dangerous powers and privileges,
should exist in this country, and believing
I its very commencement and organization
was founded in fraud and corruption, L
shall not fail in doing my duty as citizen,
let others do as they may.
And now after hearing most of the evil
dence in this cause, while much i yet tanbc
taken, again re-aifirm what said in my
annual message, with the remark of the
honest, faithful Representative from Posey
Mr.. Canadian, who was member when
the bill passed, and now an active MEM
Der of the House, when speaking upon this
subject, Gov Wright has not only told
the truth about this bank, but much more
is true.
If my advice is worth anything, would
say, Senator's, ,cindup your old .State Bank;
pay of your bonds for which the people
are ultimately liable, the basis of its capital
See the condition of the country when the
final expose is made. Ask and demand OF
the present gentlemen who have taken pos
session of your franchises, porsrs and orig-
aeges, by money and fraud, OF this new
Bank, to return them to you, to lay them
at your feet, the servants of the people,
then 60 to the people, the ballot-box, and
if the people demand another bank, and
must have it, fail no.-forget no.-to pro-
vide SO that the farmer, mechanic and brl-
siness man OF the State may take hold OF
it, that they may lay its foundations deeT
in the confidence of the pcople-strip it O
the dangerous powers, which clothe the
present, and then, and not until then, cal
you expect the institution to have the conf
dence o. your people. and compete with or
sister States.