Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1865-04-24
FINANCIAL & COMMERCIAL

IspssskrorIs. Saturday Evening. April %. l5s5.
vn fsErrd that ne assassination q tie president.
cue week ago to-day and the secession Of untTed
man. might cause such dstrust the stability % the
government 10 create financial panic. and hence NJ
settle commercial Affairs generally Bot tbs fesr
promptly removed BY tn. spontaneous and unanimous
determination o. the people 70 give candid support 20
the administration. This feeling quisted all spre
tensions. and commercial Affairs moved along a. s'esd-
y befse tho he ~hIeh OCCASION
- neh deep and general grief
In oOneqaenee 9th. aspensiOn % al 6usiness on
is-t ssfard az, omitted weekly report Of that
date As will be BY the quotations to-day, n CO.
have changed bat little E e,dng articles. and ~ msy
add that many they frneT than Their Large ad-
ditlons have been recently made to the stocks q cur
wholesale dealers. purchased At the panic prices east,
whcA enables them oeT increased inducements 20
purchasers The prevailing feeling Is that the bo.tem
b.s been reached. snd that hereafter price VII u
more unform and siabk
Money l. tight. In banks the range 70
twelve per cent, and upon the from fifteen 10
twenty The demand for money IS Tor pork sPeculs-
tons and the purchase 4 cattle Tor the July markets
In addition, the determination Of the bankers in hi,
city TO withdraw Ohio Kentucky and free hank
paper and Indiana free bank currency, from circulation,
locks Up good deal Of currency. After the first Of Nay
the bankers Of this city will receive purchase that
hind o. currency less than per cent, discount, aud
bank notes at less than per cent, and they
agree pay such paper. but send # home for
redemption. II this rule i persisted In. will drive that
currency from circulation 70 considerable extent 1t
appears from the following communication in The Gin
einna Gazette that the national banks in that city
fuse 10 receive the notes Of the Bank 81 the state We
copy the article which have led 20
the adoption d that measure.
BANK
Fps GAzrrTr The notes Of the branches Of the Bank
o. the State OF Indiana refused by the national banks
Of CINCINNATI Not being secured BY deposit Of United
bonds they probably not safe as the free
banks Of Indiana, which have state and United States
bonds As security; although Is not many months since
dent TN p.nH aid thought # the safest bank note
circulation IN the country Seine Of the banks and bank
still receiving ia deposit In small amounts
they will probably Be forced Efo the current with
the others In refusing u.
That the people may not submit 10 too large loss
The throsgh the action Of the new money reg
mind:
ls, That through the provdent action OF president
the Hon Hugh Meculioeh, when the New YORK banks
bank and branches provided themselves with gold,
that they have nearly dollar FOR dosr of gold and
circulation.
"a That although the legislature u Indiana, at its
last session. provided method for the stockholders get
ting the gold instead Of the note holders yet they did
relieve them from redeeming In legal tender.
"a. The constitution Of the state Il Indiana prohibits
the legislature from egazng the suspension Of specie
payments and the charter Of bank Is forfeited when
they do IT, that II the courts Of Indiana at all in
dependent and us they will require the banks pay
their gold nOeholders instead of to stock hold
4th. That although many Of the inches organ
Izng Under the national bank SYSTEM yet is not 10 be
they regard for the reputation OF
the old bank so high; and that they VIII coDnve at
or permit the depreciation Of the circulation below the
legal tender standard. when, by the simple
that will be redeemed required, al central
point par, they small expense prevent IL. II
this doue AID the public left pay the charge
for receiving sotng and sending each branch home for
redemption, while the stock holders sell the gold at
premium their benefit the conclusion will be in
evabe the standard OF morals, Ike the standard
OF bank redemption, has changed with the tiues
Gold closed Ia New York al Ii9 a.
"a. cross The rfoafnr ,,.es her. Ri. ..fer,...r.