, 1861-10-28

ing was organized ut about eight O'Clock, after
which Hi. ]. Y. Clark, from the Commftsee,
made short statement, showing partial re-
suits Of their examinations Of certain proy..
sions Of theproposed Banking Lav.
On motion, the COMMITTEES were giyen fur.
ther time to prepare Report, to be submitted
to the Association 1t fixture meeting.
A motion was then made and carried that
Mr. Jas. Nix, one Of the Bank Corp or1:ors
who was present, be invited to give his opln.
ION On the proposed Law.
Mr. NIX said he did not come to speak, hui
wished to correct statement he had heard.
As he understood It, the proposed bill only
allowed the banks to circulate to the amount
Of twice their capital, and that they should be
located In the business portions OF the State.
He had carefully studied the banking laws Of
several States, and he regarded the present
bill ss very good one-more stringent In
some respects than the laws Of Ohio. II the
management Of the Bank was in good hands
he thought itmust be emtnently successful, and
that the bin-holders would be perfectly safein
any svert.
Mr. Berkham, being invited to spsak, said
that be had feeling Of deicaey In regard to |
any remarks, as the present discussion might |
be dlsadvantageous to the interests Of gentle.
men connected with the Bill. He had been
President Of one OF the Branches Of the State |
Bank Of Indiana most Of the time since 1876 |
The present charter Of the State Bank of In
diana is direct copy Of the charter Of the |
Old bank, organized In 1884 The state Of |
r. 1Y- &J,oA+
haa also the State of Illinois, end some modi- |
fcatioDs Of that charter might be well for the |
present time He regarded the views Of Mr.
Mix rs correct, and thought the Bank would
be safe under good management. With
bona tzde capital, all paid in, the directors and
stockholders would be led to 30 guard their
oWn interests that the bank could not fail
In regard to the question as to what conEtitu-
ted insolvency, he stated that they had re-
ga1ded nothing as greater proof Of insolvency
than refusal Of Branch to promptly re-
deem It's notes. He regarded Tire proposed
charter rs good one, if in right hands.
Judge scates, having just come in, was In:
s1ted to give his opinion, and said he was not
prepared to make any remarks at the present
time. The present bill, however, by decision
of the Supreme Court, might be called an
amendment to the present Banking Law, and
thus become Law, whether the people voted
for or against It. The question would be upon
the intention of the Legislature, which IN.
doubtedly WAS that the people should decide
the matter by their yoteH-
1t was then moved and carried that a com.
| mittee Of five be appointed to draw up aseries
<1F1 r1,.+& - 1nA@ [nAr
meeting, to be held On Monday night.
The President appointed the following gen
| tlemen: Mesars. ]. Y. Farwen, Il. ". King,
e. a. Hu1lbut, John Tsz1ell, and Judge ". B.
scates.
The meeting thin adjourned until Monday
night.
| 4 Splendid Stock Of Fnfniture.
| It is an undouhted evidence Of the business
prosperity Of Chicago and Of the confidence
| teposed in that prosperity by merchants
abroad, when business men from the larger
eastern and western cities establish branch in
stitutions in onr midat. This fact has been
especially noticeable within the past few
weeks. Several Eastern firms, attracted by
the fiou1ighlng condition Of business and the
promising financial prospect ahead, are st
present in the city arranging preli1ninaties for
establishing buhiuess where it will pay.
A score Of instances Of this nature come to
our recollection which we shall notice az op-
po1tuuity offers. A prominent one is that Of
Shay, johnson & Co., the well known aud ex
tensiye furniture house in Cincinnati. With
in the past week they have located branch
Institution at 81 Lake street, fremont Honse
Block, end have opened one Of the largest and
richest stocks Of cabinet furniture ever offered
IN the Chicago market. The sets are entirely
Of oak aud rosewood, and tor substantial
finish, elegant carving and pleasing design
, are unsurpassed. The extensive resournas ol
|, the parent house and the facilities Of trans
: po1tation between this city and Cincinnntt
will enable them to meet any demand AMI
cfter their goods at competition-defying rates
Tie public are invited to call and e1aznine th<
stock, and certain ne are that the call will In
.ite purchase.
ANOTHER V1cTM.-Thomas Coniber, came
to tie city. On Friday morning from Bureau
county, with a carload Of grain Having dis
! posed Of 1t and received therefor about $175
| he made some purchases In the course Of th
{ day to the amount Of about 300, aud in tn
evening took walk In the North Division
TRcmas is an Englishman, and in the cours
: OF his walking he net brother countr5ma an
q very pleasant young man, who invited hin
to tske drink. Thomas accepted his kin
e invitation and they went into ssloo!
e where there Tas music and dancing, al
meeting some Of the young mans friend
hna -
however, became rather obliyious for whil'
and In coming to his senses, found that
4 wss In the street alone. His nice young cou1
: 1yman had gone, and strange to say,
money VAS also gone. Thomas isn't SUI
= that he took his money, but he thinks
10 is kinder funny" There is but little hop
1e Of his recovering the money, but We hol
IL there will be some gain to him and others
70 the lesson he has received.
II GRAIN FA1LMa.-The building No. l!
p Klnde street was pretty badly damaged I
ss Saturday morning at about 7N o'clock,
IS the weight Of grain in the fourth story brea
ing the floor, and descending demolishi1
In turn each one of the floors, landing Il
to grain contents of three with beef, por
Lis and other provisions on the frat foor, il
st. confused russs upon stock Of produce in t
Il basement. The basement Was occupied
II MartIn Bros, produce dealers, who had abo
"a. $500 worth Of butter, cheese, eggs SC, au
=. which will probably be lost. The next t,
I'd foors we're occupied By Luff i Rsnney, il
ICE general commission business, and were I'LL
ng with beet, pork, lard, grain, DC, allfof Viii
lst is eo badly mixed up with matt from the .
er- per stories, Is to be nearly destroyed. 7
Of third aid fourth stories were filled with ma
Sc the terholding some 6,c0o bushels, own
ID by Erwin d MorY, and 1t twas the weight
lth this breaking the fourth floor, which oanz
Of the damage. The building Was owned,
understand BY John G. Haines, Esq, For
nately no lives were lost, though there III
st some uar1ow escapes. The Martin Bros. NJ
on late in reachiDg the store, as had they arri,
'ae there at tie usual time they would undou
ca edly hsye been killed Mr. Luff had left t
NJ store but moment before the fall, and I
aT porter, who was buey with the FIRE, heart
ae the crash, barely escaped, lne1ng hishst
11n his Exit.
he ------
yed GARRETT Bm11cA1 1ssTrrurn AkE1gE