Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1858-04-01

Branch, are now in the hands. Of an
able and fearless attorney; who is instruct
ten to collect IN GOLD or protest the bills
and proceed to put the Bank in liquidation:
legal redemption, has been once refused.
and if PERSISTED in. proceedings will forth
with be commenced in the proper Courts.
Several other Branches are in about the
same position, and the probability is, that
they will all suffer protest, after which the
bills bear interest, at the rate of II per
cent. per apnum. The Lawrenceburg
Branch undertook to fight off the assorters,
AMI large amount of bills were actually
returned under seal and protest: but few
days after, were taken up at the assorter's
Banking House, in gold. as demanded
The Branch backed squarely down; but has
since brought suit against the Notary for
protesting its bills? Indeed, a general
system of bribery and intimidation appears
to have been resorted to by the Branches;
so that it is matter of great difficulty to
procure the services of competent attorneys
to protest and prosecute these cases. No
less than eight or ten notaries refused to
Di OtCSt ttfC tdSCS uON Ill lfiS flanuS OIL Mr.
Dumont, of indianapolis.
What is to be the result of all this? 1t is
question in which the business public of
Ohio and Indiana are deeply Interested
The very fact of such a controye,sy being
on foot. is calculated to damage the char
acter of the Bank, and public confidence
therein; instances have already occurred in
this city, of intelligent men getting clear of
bills of the Bank of the State of Indiana in
hurry, if not at a discount! Experience
has taught the people that they are general
ly the sufferers, whatever may be the legal
rights of the contestants. We are not the
defenders or apologists of asserting Bro
kers. Our readers will bear witness that
we were among the first who strenuouslv
denounced the systcmatized arrangements
for running" on the Banks of Kentucky
and Indiana, entered into by the Infamous
and unprincipled Trust Company men, in
connection with the State Bank of Ohio
and also, of the asserting practice, during
the extraordinary pressure of the late panic
Nevertheless, the rights of asserting Bank
ers are as important to he maintained, a:
those of any other members of the comnu
nifty; and under present circumstances, W,
think the Commercial editor Of the Gazett,
will find it difficult to prove his assertio,
that the interests OF the business commun
ty. anil the public generally, are made t.
suffer 10y the practice of asserting houses
In their way, they are as useful to the gener
lSal public, as the generality of Banks, an,
their profits quite as legitimate 1t is 9
mistake to suppose that the interests o
Banks arc always indentical with those o
the community at large. But. we hav,
not time or space TO pursue this suhjec
farther
The Bank of the State of In Llama, is a
strong INSTITUTIONAL Corporations arc
strong in their peculiar way:
at is great to have giants strength.
But tyrannous to use it rs Giant"
Let her not presume too much upon hel
standing" lest she fall, as many stronger
than she have done Her issues form 50
very large proportion of Ohio currency
as to be the subject Of general comment
anil anxiety. The people must look t,
their own safety AMI interests, and ;hcs,
should not be comprised or placed in jeop
ardy merely through perverse spirit o
obstinate prize and desperate litigation
concerning matters which properly belong
onl to the Bank Profit and Loss account
Should the affairs Of the Bank of the Stat,
of Indiana ''winl up in a row." it is yer,
uncertain what would be the value or h"l
bills; certainly not par to the innumerablt
holders thereof w, shall refer to thi,
subject again, with some statistics. in on
large edition for the lst of April.-Psa
dork's Dank Wees.