The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-11-16

as are calculated to secure their circula-
ting notes and TO protect from loss those
who deposit their money with them. Ev-
cry president, director, cashier, teller, clerk
or agent of such banking association who
embezzies, abstracts or willfully misapplies
any moneys, funds or credits of the aSSo-
citation, or who, without authority from the
directors, issues or puts in circulation any
notes OF the association, or who. with
in circulation any certidcate of de-
post, draws any order or bill OF eX-
e cnaa bon MAKES GTa any b aGce dPf nSeibs aSs,shY mo orty
gage, judgment or decree; or who makes
any false entry in any book. report or state,
either case, to injure or defraud the asso-
citation or any other company, body polite
or corporate, or any Individual person, or
TO deceive any officer OF the association, or
any agent appointed to examine the affairs
of any such association; and every person
who, with like intent, aids or abetS any OIL
Ger, clerk or agent in any such violation,
is guilty of a punishable by
Imprisonment in the State prison. No Sucn
association has the right to loan to any
than one-tenth part of its capital stock
actually paid in. If a company or firm is
composed of several members the agsre-
gate amount loaned to the several menl-
bers thereof cannot exceed the one-tenth
part of it's paid-up capital stock. Any Off
Ger OF such association who knowingly or
willfully loans a greater amount to any
such person, company, corporation or firm
is guilty of q willful misapplication Of the
funds OF such association. 1t would also
be a willful misapplication of the moneys.
funds ana credits OF such association Tor
any officer having the custody or control
thereof to loan or advance the moneys of
such association upon promissory notes or
other securities which SUCH offlcer at the
time knew were worthless, or when he knew
that the money so loaned could not be re-
covered by the association. When the Off
GERS of a bank know that it is insolvent
and in contemplation of a speedy close they
are guilty OF a criminal offense II, by false
AND frQl01IlQnt rpnrQSQnflfl non. OF lis SOL
vency, knowingly made, they induce any
person to deposit money in such insolvent
bank. Every such association is required
to make to the Controller. of the Currency
not less than i've reports during each year,
according to the form which may be pre-
scribed by him, verified by oath or affirma-
ton Of the president or cashier and attest
ed by the signature Of at least three of the
directors. Any false entry made in any such
report or statement, with intent to injure
or defraud any person or body corporate
or polite, or with intent to deceive any Of
ficer of the association, or any agent of the
government whose duty it is TO examine
into the affairs of any such association, Is
guilty of a criminal offense. 1t is not
deemed needful at this time to speak more
in detail on this subject. From information
derived through the public press and other
wise, the court is advised that you will be
called upon to investigate alleged violations
of the laws touching national banking as
sociations. The officers of banks occupy po-
sitions Of great trust and responsibility.
The law justly charges them with the duty
of care and diligence. and 1t exacts from
them answering honesty and integrity.
You will carefully investigate all violations
of these laws which may be brought to
your attention.
No other classes of crimes, ] think, need
be drawn TO your attention at this time.
/ cannot, however. permit this occasion
to pass without calling your attention to
the Importance of an honest and fearless
enforcement of the criminal laws. The pub
lie press daily teens with the reports of
crimes against life and property We hear
almost daily of men being hanged, or shot,
or tortured to death by self-constituted
mobs, who attempt to palliate their brutal
and inhuman savagery by the claim that,
the law as administered by the courts is
too slow or too powerless to punish and re-
press crime. In our own State not only men,
but helpless women, in the dead of night,
are shamelessly stripped and brutally beat
en- and fogged by organized bands of ruff
family White Cap who claim that the law
cannot correct the evils from which society
suffers. These claims are largely unfound-
ed, and. If true, they would furnish no ex-
cuse for the hideous savagery almost daily
practiced under the name of lynch law
q species of savagery intolerable liz a civil
lied country. 1t is the duty of courts and
iuries so promptly and fearlessly to enforce
the law as to remove al excuse for white
capism or for lynch law. Let us, gentle
men, perform our part OF this great duty.