Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1863-05-28

AtlDe epfCLai out luN tfse100 oil the B0ari OF
ID rectors. he'll IN this ciiy on the 9th inst tn
receive the resignation of IT, President. Hugh
NcCuiIoch. Egg lately appointed ComprrolIer
Of the Currency, and 10 appoint hi successor.
'Ae follosing very interesting proceedings
b A
In tsndering hIs resignation to the Board. Mr.
McCnlloch's remarks were "a follows:
GE~rLFNss: Nv acceptance of The Office OF
Comptroller 81 the Currency under the National
General hiking Lev, has dis~sivej NV ofhci.l
connection with the Bank Of the State Of Indiana.
and | appear before you at This time. only to re-
turn 10 you my sincere thanks for the kindness
you have ever manifested 20 me personally. and
the unqualified support you have gisen me "a
President of the Bank and the presiding officer of
this Board
am your debtor gentlemen. to the extent
that have not the ability ftly To acknowIcdse,
for the chrrity with which you have covered nv
official Deficiencies. and for the hearty and unani-
nous 60 operation by which | have been sus-
tainel IN the performance &C the difficult and re
sponsIble duties that have been devolvel unon
me since this institution WIS organized What
ever reputation | NAV have with the public i
mainly the result Of the wisdom and ability which
YOU have brought to my aid in giving direction
to the action Of this Board and which have char
acterize'i the management of the Branches, which
you respectively represent aud which have
male the Bank of the State OF Indiana the
soundest aud most Conservative bank in the
/ Union.
! cnn truly say that this formal act Of dissolv-
\ ing my Official connection with this b INK. and
with YOU rs Directors. ia the mpst p,nfnl one
have ever been called upon To perform. Nv Of
/ fetal relations with every member of this Board
have been so pleasant. so hirmoni"us. so con
| filling. that, in dis-olving them, am oppressed
! with the deepest sorrow
dare not trust myself To speak particularly
/ OF the pist. OF the MANY wears that have hid
the happiness of mee'ing. at our quarterly ses
Sims in this room. the Directors of the odd
Bank and the New" Of our associates who have
been separated from IA bv death. and Of the good
/ feeling and maiutl respect that have character
izel our official intercourse can only that
all these precious memories are tie ensured up in
nv heart. and thst they will remlin engraven
there a. long - it, pulls ,tions shall continue
For myself claim only to have honestly and
with answering fidelity. endetvoresi To discharge
NV duties a. President of this Bank. believe
that each Of YOU will ack nov ledge the justice nf
this claim. In the performance OF INV official
duties have never been Influenced bv ppliiic,l
considerations. nor bv considerations of private
interest In AL NV official actS. have regarded
only the interests of the Bunk. aud of the PEG
/ pie Of Indiana IL the discharge of the duties
OF the office to which | have been recently
| appointed. hope to be Influenced hv
! the same honesty Of purpose. | did not seek
nor desire the position which | now occunv
While feel grateful for the honor. which
the offer of place important and 50
responsible has conferred upOn me. | go to
Washington without being under personal or
polite u obligations to auy one Tor the office
hold. AMI shall endelvOr TO discharge its high
duties with fidelity and ;mpartisliiy. Believing thrt
the Btnking interests o. the country should he
separated rs widely n possible from the politics
Of the country. I shall in my Official capacity g
more party, and labor only Tor the Interests OF the
people
In accepting the Office OF Comptroler of the
Currency. make n large pecunitrv sacrifice. and
larger sacrifice Of comfort AMI happiness; hut
in the trying crcnmst rnces in which the Govern
ment is placed. did not feel At liberty to deline
position in which | might aid the establish
ment of n system Of banking. which. it it is n
success. will contribute largely TO the preserva
ton Of the Union. upon the existence of which
the well being OF the people OF the United States
so entirely depends
Accept again. gentlemen the expressions of
nv heartfelt thanks for the Kindness sou have
ever shown me. and the friendship with which
YOU have honored me ! am not ungrateiul for
the former. and hope never TO be unworthy Of
the latter.
Whereunon q committee consisting Of Messrs.
! J. B. Howe, NJ. Fowler. and q Rathbone, was
appointed To respond behalf OF the Board IN the
acceptance of such re-ignation.
Mr. Howe. on behalf Of the Committee. sub
mitied the following Preamble and Resolutions.
which being read were unanimously ndoptel:
wmRsAs. Hueh MoCuloch. Esq. has resigned his po-
siton PRESIDENT Of O. Bank of the State e Indiana.
in order To accept the position Of Comptroller under the
National Currency Act,) and having b en- eminenily
faithful IN the discharge Of the important duties crtan-
such office sce the Of the Rank This
Board. highly estimating the valuable service n has
render to the NIX feel u dn u him. that retiring
from The position he has 80 honorabv hied he should
! he T. held by ih~ Board.
Therefore, be IL
Resafuef That hear cheerful testimony the VA.
tegy Of character. and high personal qualities Of Judge
McCuoch. Viii no les than his business capacity have
c'mm'nd d him. through long acquaintance and
eia'ion To our confidence and es'eem
Re~irei, That recognize the superior claims o.
the government his services. and regard his appoint
alike her arshe hun and the wisdom Of hs
appointing power, and Ivy reflection compliment 10 on
been connected
Reso r>d That our hest wishes will attend him 70 hi
sphere of duty IN which predict fur him 4
cmlnenty erediable TO himself aud advantageous to tbs
: public Interests.
Rested fufi.r. That y committee Of three be APP
pcnisd. who hall select some suitable testimonial upoi
which shall he appropri tc inscription; fhs
% be presented TO Mr. MoCuoch on behalf Of thi
Board
/, Such committee having been appointed the
Board proceeded 20 the election OF a successor {,
I il the office Of President of the Bunk: Wherein
on George W II ,thbone. Esq beng nominated
. wis unanimously elected
g Mr. Rathhone isa Director from the Branch
= AZ Evansville, OF ripe experience and marked
ability. having been a prominent member of the
Director IN the present Bunk. and. also. of the
former State Bank OF Indian, during It's highly
D successful career
, FAMILY GtootRlts-The establishment o