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

that It would involve the expenditure Q
: money, but not any large or definite amount
Judge Smith said | had misunderstood
J him.
!, | JUDGE SMITH says:-Thinl,s h. di,
: represent to the delegates of the State Banl;
'that it would be necessary to provide 70
the payment OF the expenses Of the person
who should remain at Indianapolis. for tn
purpose of advocating the measure" :"
do not remember whether | said anythin;
about interesting members of the Lsgisla
ture, or not. If | did. presume l hat
reference to the usual mode of interesting
members in any matter of public interest
by pressing the subject upon their attention
and reasoning with them upon the a,ivan
tages the people Of the State would derive
from the establishment of such on institu-
ton"
Thus it seems, Senator's. that the obicc;
of raising tAe money, was to interest goa,
by pressing the subject upon your atten-
tion. You must feel complimentei as SER
wants Of the people, by the Inauguration Of
this new system Of Legislation.
No intelligent man. however, will read
this testimony without being convinced
that more than this was intended at the in
ception of the measure, and that actually
more was accomplished, than merely press
ing tile suyea upon memjers.
1t is impossible to refer to the mass ot
evidence taken by this committee. Per-
haps the most remarkable of all this tes-
timony, is furnished by the individual who
presented this Charter, referred to so favor
ably by Messrs. Fletcher, Ray, Puett, and
many other witnesses. After stating that
he wrote the Charter, was asked the rea.
sons why the provisions of the old Char
ter, which required the books to be kept
open for thirty days, was omittel in this
one. The answer in substance was, that
he could see no good reasons why they
should be kept open SO long. And when
further intcrrogatcd why the words in the
old Charter. which required the books to
be kept open .'from 8 until l2," was SO
changed in this Charter, as to read; "shall
be opened Jet,ceen the hours of 0 A NJ
and II" the forcible answe. was: Don't
recolief any other than the reason stated
before" Now, gentlemen, if any man
will read this evidence, AMI not perceive at
first blush why this language was placed
in tn, 10Th section, Language, too, with
out precedent, he is duller of apprehen-
sion than L take any of you to be. Take
this section, (well callel) the percussion
section" in connection with the proof that
arrangements were made in relation to
stock and location of Branches, at the
time of the passage of the bill, and then
You will learn how it was, that the same
day and hour our bank friends, Weston,
DePauw, Davis, Bright, Kent. Patterson.
Roache, Smith and others, coull be taking
stock at different places-many miles
apart-some of them at no less than five
different branches. Surely they had rapid
means of travel and passage. think.
however, Senators, about the richest farce
(if such thing is possible) in the whole
transaction is, that the writer Of this Char
ter provides in the S0th section, among
other things, the following: "If a sufficient
amount of stock shall be subscribed by re-
sponsibie persons, at any Branch, then the
sub-commissioners were to give notice, and
steps taken for the organization of the
Branch, by notice." &c. Now, the writer
of this section, the commissioners. and ev-
cry man that hears me to-day, knows. at
some of these branches, by previous ar
rangement, the controlling stock was taken
IN the names Of individuals who could not
buy "bog cf meal on credit" Yet, they
were TO be responsible persons" in the
language of the Charter. / am willing to
admit that they became responsible persons, |
but not until they had used and abused the !
authority you gave, deceived You in what |
they dill obtain. disgraced the character of
the State by buying and selling out your
franchises, your popers, aud found those |
who were willing to pay them thousands |
to obtain possession of privileges and i'm
of such extravagant anl unpre-
character.
However much We may differ about the !
evidence, som, facts have been brought to |
light. whose import we cannot mistake.
We have Key which will open to us
The whole transaction. 1t will be reco,lect-
81, that the books were said to be opened
Tor subscribing stock in July, 1855. The
bank commenced operation the lst day Of
January, 1857. You have report upon
your table which shows the owners Of stock,
December, 1856. Suppose we make
COMPARISON of the principal stockholders,
It the different times.
Let us see Mr.. Stockholder on the day of
he workings of the percussion section { (Ju-
y 1885, and Mr.. Stakeholder when bank
ng commences:
PLYMOUTH BBAxcH. II
Principal Stockholders,
rincspot Stockholders, Dsc1nhsr 1856, fen
July, 1888. days before the Bank
soenf iafo operation.
!. Wheeler S25,0OO WI. Walker $4,000
!. N. Kent $1,000 VIM. Baker 10000
!; ID. Taylor $4,000 HIP HoIbrook I6.o30
NASHVILLE BRANCH. II
4 G. Bright 5000 Adams & Buckinc-
ohm L. Robinson 10000 ham $4,000 i
McHNoSD BRANCH {
:. NJ. Kent $1,000 r. Morrison c5ooO s
J. L. Morrison l250e .
A. G. Blanchard $1,000 :
MADISON BRANCH.
!. G. Bright $1,000 J.F. D. Lanier $1,000
rEnRE HulrE BRANCH
hos Bowling 5000 w. R. McKeep 10000
&C. Warren 1850
g. w. Bement 1900 3
D. Deming 5000 d
Jchn Crawfortl Sf60 | a