Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1857-03-19

poisoned the public mind with his message
and that he should now administer the an.
tidote This was a Bright idea of the case
President Fillmore once recommended the
passage of bill preventing fraud in Con.
gressional legislation. Suppose he had
been asked whom he meant or whoa he
referred to by that recommendations
Would not that lave been d BRIGHT ones
ton.
1t had been said that nothing but vague
rumors were the productions of the charges
OF fraud and corruption contained in his
message.
Here the Ex-Governor made some allu-
sions to persons whom, he said were not
now here. We have not reported that por-
ton of his remarks
5 Was 1T that he must act as prosecutor,
and send for persons and papers? Was it
not the place ofthe Senate. who ordered the
investigation, to prosecute the case to the
fullest extent? He had already paid two
hundred dollars for counsel to prosecute the
suit he had against the bank. This he had
done that the validity of the charter might
be tested.
There were votes recorded on the journal
of the House of Representatives in favor of
the bank bill, when the persons purporting
to cast these votes were not within side of
the bar, and who hal been granted leave
of absence from the House week or ten
days before the passage of the bill. This
record was made by the influence Of those
who were interested in the passage of the
bill. He trembled for any mans oath
where there were $4,000, 900 shaking in
the wind
1t had been said that the Free Bank bill
would not have been passed without enough
of votes being securet for the passage of
the bill creating the Bank OF the State of
Indiana. This statement was only laughed
at by some, but it showed that some meas
ures could not pass the Legislature on their
merits.
Members had voted for the State Bank
bill in order that branches might be loca-
tel in certain places. This was only
laughed at as sort of tact in legislation.
Should not bill pass on its own mer-
its?
Would any Senator have voted for the
bill If it had been known that men would
have taken all the stock who could not get
credit for brishcl of peas? The stock had |
been taken in minute by such persons,
md sold at a premium.
Suppose men should take all the stock |
n bank-men who had neither capital or
financial ability, would that give credit to
my banking institution in the commercial
ircles of Cincinnati or New York?
The original stockholders had none of the
took now. 1t had been admitted by SEN
tors, when brought before the committee
# investigation, that those who voted for
he bill were to have the preference in TAX
ng the stock. The books were opened in
low tone of voice, the stock taken in five
minutes. and the books closed.
He alluded to evidence given by witnesses
james NJ. Ray had testified that he sup
osed money had been used to interest the
lembers in the bill. Mr.. Ray would have
othing to do with it. He was an honora-
lie and honest man. Il
He had propoundcd questions to judge .
NTH on the stand. He had asked why the
4th section of the old State Bank charter,
hich required the books for the subscrip-
on of stock to be open for thirty days, and
ON Q to II o'clock hal been altered?-,
udge Smith had nc5er given any satisfac- i
Dry answer, but he could say it was done q
" the purpose offrm,d.
In he Pavilion Hotel, at Evansvillc, the t
ooks were opened in the third story of the
uilding His friend from vanderburgh t
Col. Drew did not like the Know Moth v
gs any better than he did, but he was sor- a
: he had those books opened in the third =
CRY ofthe Pavilion Hotel sAllthc stock
Evansville was takenby two individu- I
s, and afterwards sold out to others.
It had been said that the bank had got e
to good hands, but that was no excuse c
r the manner in which it was organ f
ed. n
The old bank has no power to 90 three D
mes beyond its capital stock. but the pres e
It banks could go three times, and the a. o
cunt Of deposits. That last clause-"a-
cunt of deposits''-was dangerous cx- o
ession in the charter. The old bank pro- n
cted all-depositors and bill holders-but O
e ingenuity Of the new charter destroys
security which the people demanded. s
There was power in the new bank char a
70 destroy everything-a power that o
As beyond the power OF the people. In p
diana l.500, 900 people were at the mer. t.
of the new bank and its influence
Here the speaker read several sections Il
the new charter, and showed the differ b