The Plymouth tribune. (Plymouth, Ind.) 1901-1911, 1903-01-15


The claim of the state against the fed
eral government for interest and discounts
ON its bonds and obligations, made neces-
sary in-tEe recruiting. equipment and main
ana in the war for the Union. was pre-
scented to the treasury department by At
torney General Taylor and the accounting
department Of the state. and the sum of
$685.. 10 was paid. This amount was
immediately applied in liquidating the state
debt, and was included in the $1.COO.00O
payment on July IS. 1902. This claim was
an original one on the part of Indiana,
and Its collection was made possible by
congressional action legalizing interest and
discounts as proper charge in the war
federal government. Its collection was
without any fees or costs, the officials of
the state presenting and prosecuting it TO
successful conclusion. In addition TO
the services of the state authorities in this
matter, the congressional delegation rem
dered valuable aid in furthering legisla-
ton and securing a prompt appropriation
FOR this just though tardy. reimbursement.
| would recommend that the tax levy
remain unchanged. With the accruing
revenues to the general fund, and the fees
from the different bureaus of state govern
ment, there Will be ample resources to pro-
vide for all the legitimate expenses of the
commonwealth. make sufficient appropria-
ton for the maintenance and repairs of
our institutions and keep pace with the
growth and necessities OF the state In con-
tinued enlargement and construction that
from year to year may be necessary.
BANKS AND TRUST COMPANIES.
The state banks, trust companies and
savings banks are in a fOurishing condi-
ton. Ii is a matter of congratulation that
these financial agencies of the people are
in n position of assured strength and I'M
der such careful, conservative manage
ment that the public has little fear or
alarm as to future conditions. The history
Of banking institutions in Indiana in the
past few years has been one singulary
free from experiment or danger. There
has been no failure In any part of the
state banking institutions during the past
two years. and no losses have accrued to a
single depositor.
There are now ia state banks. The
statement of condition ON Oct 81. 1902.
showed that the aggregate capital was
S4.SSi, 49O With surplus of S915, i43- 49,
They had bills receivable amounting to
S1S.S03. 1886 and deposits amounting TO
S20.a41 .906-52. This is the largest volume
and the most satisfactory condition Of
business ever known in the banking history
Of Indiana The law ought TO be strength
ened in that the establishment OF branch
or collateral banks should be permitted.
At the present time the law is silent upon
this proposition. but there is an inclination
occasionally TO do branch banking busi-
ness as ofshooIS from single OrganiZa-
ton. which, in my judgment. should not
be permitted. There are a very large num-
Der OF private banks in Indiana. The law
treats organ izatiCns Of this character as CO.
sibilitS- accordingly. | recommend to the
legislature that the law should definitely
fix capital to be fully paid in cash as
basis for private links. the minimum
provided for in the organization Of state
hanks. Naet
There has beer On decreasing number of
trust companies organized each year since
the Iaw Vas passed.. 1t present there are
81. They are unforin1y prosperous and
occupy the hdnc.ery fields in the respec-
tive locations The average rate of in
terest paid IL these companies for savings
is generally 3 per cent per year com
pounded semi-annually. There is a grow
ing tendency on the part of number Of
trust companies TO do a semi-banking bust
ness. The statute is not clear in its lmi-
tations. 1t should he amended SO that they
could not invade the field OF commercial
banking, but should be restricted TO the
intent Of the law. combining their opera
lions to q trust field and not general or
commercial banking.
SOLDIERS AND SAILORS MONUMENT.
On the DIST day Of October. 1901. the
board of control of the state soldiers and
sailors m ,nument officially reported to the
after period Of almost IA years since
ground was first broken for the founda-
tion of the massive shaft The records
show that the entire cost Of the monument
The monument is source Of pride to
every citizen of Indiana. 1t is the greatest
soldiers monument on earth.
On the 10th day OF May lsef this this m ns
can war veterans, the Grand Army Of the
Republic, the Spanish-American war vet
Grams. the Indiana national guard and
other organized military and civic 1850
Citations. together with vast concourse
VI citizens. participated in the dedication.
The ceremonies incident to such dedication
were worthy of the magnificent mem orial
to Indiana's heroes Of all the wars In " hich
the soldiers of Indiana have participated
By law the battle flags carried by the In
diana soldery in the war of the rebellion
were for the last time taken from their
receptacles in the state house and were
carried in the great procession by those
who had rallied around them in the awful
storm Of war. From every part of the
state patriotic citizchs came TO witness
the ceremonies. Not only officials of In
diana. but officials and representatives Of
other states united in the solemn rites.
Members of every regiment that left In
the Union surrounded the tattered flags
they once carried in battle. The fey re-
naming members of once strong regiments
emphasized the truth of how great Is the
havoc of war. Indiana is Justly proud Of
her great monument which stands as n
perpetual tribute to the heroes, living and
dead, who aided in saving the Union.
SHILOH PARK COMMISSION.
t-nder the provisions of an act of the
legislature of 1901. creating the Shiloh
GaTlOnGi military PARK COMMISSION Tor the
purpose of properly establishing monu-
ments concentrating the part Indiana {
soldiers took N rke battle of Shiloh during
the war OF the rebellion. l appointed as
members Of the commission Thomas Is.
Wood jain +. Wildman. Edwin Near,
! George f. Gardiner. Benjamin Hutchens
| and Nicholas Ensley. The report OF The
| commission shows that their. labors have
| been industriotIsly and faithfully prose
cuted. Twenty-one monuments We're CON
tracteG for, and il was expected that the
| dedicatory services would be held Sept
| "a and p Of last year. but unavoidable de-
| lay incident TO transportation OF materials
| has delayed the work and the dedication
has not now been definitely decided upon
| NANCY HANKS LINCOLN MONUMENT
| On the 1st day of October 1902, 1t was
| my pleasure and honor TO accept. on behalf
| of the people Of Indiana, granite monu
ment erected at the grave OF Nancy Hanks
Lincoln, mother of the martyred president
| at Lincoln City, Spencer county The me
| mortal was the free-will offering OF Mr.
]. s. Culver Of Springfield, ILL.,, and the
the character Of the pioneer mother who
gave to the world name syn0nymtu N
with human liberty-a son OF humble Origin
who achieved immortal fame As mari
of esteem of Mr.. Culver's kind thought
fulness and generous deed, / recommend
| that the general assembly, by joint reso
| luton, or otherwise. express appreciation
of the donors munifcence: likewise vot.
| of thanks TO the commissioners and citi
zens OF Spencer county for land donates
| surrounding the last resting place of TIN
mother Of the great Emancipation. fur
Their -ecomhlend that suitable provision
| be ID by appropriation to put tn
group ) In proper order and maintain
/ ,TATTi LABOR COMMISSION
Tns state labor commission has accom-
phi led great good and the work so indus
tr 6 dsly and conscientiously performed b.
I'll commissioners. Messrs- L. T.. McCol
ok and B. 4. Schmid. has been Of sue
character rs to attract favorable atten
fhror1 UIor1f fbo country During