Western Sun & General Advertiser, Volume 25, Number 9, Vincennes, Knox County, 22 March 1834 — Page 2

I consequence of vine inipoiidi ( t riors which escaped detection, in the following

communication from Mr. Merrill, the President of the State Bank of Indiana. 1 have re-publiihed the hnle article. Ed Sun. THE STATE DANK OF INDIANA. Messrs. DowAas &f Maguire; I beg leave to Mnhmit through your columns, a brief sketch of the charter of the state Bank of Indiana with such explanations a? will, I trust render it intelligible. Something of ihc kind appears to be called for, as the Charter itself is very long and requires more attention to understand it than many have time to uive. The general interest that is felt on this subject occasions more calls for information than can be. answered separately, so that this may bo consid erei as a replv to such communications as are not otherwise attended to. The constitution of this state prohibits the incorporation of any bank except a state bank and branches, not exceeding one branch for any three counties, and no branch can he established unless there be 8ubscrited ad paid in specie by individuals thirty thousand dollars as part of the stock of such branch. The peculiar situation of this state it is presumed, has also had its influence in the adoption of the plan devised for the bank. By referring to the map of the state, it will be seen that its commerce and business must necessarily take ver different direclions. The Whitewater region and eastern pan, trade by different route, to Cincinnati. The southern part are accommodated by the river Ohio, the western have the benefit of the Wabash, and the northern of the JMnumee and Lake Michigan. Accordingly there is no point in the state calculated to command the business or extend its acquiantance over any considerable portion of its suiface. and it is not a little sin xi liar that in locating the branches of our bank only three of them should be situated in the interior of the sta'e while the other seven are located on its very 'confines, and it is probable that the two hereafter to be established will be similarly situated. It would therefore have been extremely difficult, under such cir cumstances, to have constituted such a parent tank as could satisfactorily and profitably, regulate all the movements of 'the branches. The plan adopted, it is eon fidently believed, will not be liable to be a floe led by local jealousies', or uiflueu .ccd by political considerations. That the state may, at all times, be able to ascertain the situation of her own interests in the concern, it is provided that the I egislature shall elect the President of the parent board for five years, and four directors for four y ears, one how ever going out of ollice eery ear. This Board appoint their own Clerk, locate the branches in Dis'ricts pointed out in the Charter, eppoiv Commissioners to receive subscriptions of si ck fcr 'he bran-dies, appoint three D rectors for each bra.ich, and are the commissioners of the Sinking fund. They also procure the l ank paper for the branches, which is to be signed by their President but to be countersigned at the proper branch. All the o her duties cf the parent 1-ank are pu formed by the "wh-fle board of directors, which with the "':. r above mentioned, is composed of Delegates from the branches, each branch electing one, so that the whole number w ill be iuiirteen, and hereafter sixteen. The -branches being responsible for each other, incase of taih ie, but not participating in each others pn-tVs, the directors elected by them as well as those ele ted by the state can have no common interest except the well j-? and prosperity of ttie whole concern, and as this Board cannot make discounts ihey will h ive no power to ex ercise any political influence. This Board may limit the loans of the branches after they exceed once and a fourth the stock paid in; may require re ports from branches at least one a month, and ofttner if tiscessary ; may adjust the accounts between I ranches; may permit one branch to loan to another ornuch; an.l for refusing to pay debts or mismanagement or any good cause, may suspend th'.f operati'i.s of any branch a. id settle, it Up -s irsolvent: they may equalize the st.tc funds and piudic dep-.iies if obtained; m:y examine the situation of a flairs at the branches uuw,may make all neces far; by laws to carry their powers into effect. All the discounts are to he made s-Viely through the branches. E.o h bran- h elects it owo Direciors. except the three before mentioned, aiid diudes its own pr-dls, nJ when any branch tails after its Direc. tors w ho are in any measure culpable are first made liable, thtM the private stockholders to the amount subscribed, and then the state soek in ihc branch, and if any balance still remain due, it is apportioned to be paid equally by the solvent Lranrb.es. To iurnih the capital fir each branch, tr.di .iduals must subcribe for 1(500 sham ,f ,")0 each, of which 18 75 must b paid un each shire previous to the. hauk comni' iii ti; operations, and the balance m two annual" it.s'altn'mts If tl.e stuck required from individuals le sulscriltd by responsible prr.vns at ;inv of the branches within J0 tlavs after the loU are opened, the stute Cii) make a han sulh ient to enable it tosutscrile lor an eo.ta! number of shares and pay m $M '; on eucii share, to that each I ranch on coiiin.-:icmg operations will ). ;e hi it- vaults H),UI0 i sprue. 'J'he .ti. tie will also t orrov. je sum of s 10,1'UO, zoi vi i u branch in one Y.ir, and the s. .aiiicurit in two) cars, ol which a purl tine purtion

will pay her second and third instalments, 'that he was fdund equal to the occasion. I and individuals ulcribing stock may He is, so far at least as the Bank subje t

have their second and third instalments

paid by the state on their securing the the public will, and if he shall assert sucstate bv mortgage of double the value of cessfully its supremacy over this consolireal estate without improvements to pay date d moneyed power, and work a deliverthe amount in nineteen years w ith inter- ance for the people, he will achieve for his est annually The capital stock of the i country and mankind, a victory of a in ire

branches may be increased by individual subscription of stoc k w ith the assent of the Legislature and Directors of the State , Bank. The loan made by the state is to be re

deemed in not less than twenty nor more joubtless deceive many well disposed perthan thirty years. The charter is to con- jS0MS an( enjst them against their own in tinuc in force until the first of Jan. PS5'J. ;leresls. but it has been so long perverted to Such parts of the state loans as are not !lini1(,i(i minister interests, that it is renard-

applied in payment of stock, or loaned to mdividuals to pay their instalments, and

all dividends not required to pay inter- !5lctjty have no doubt the great body of inestson the loans, are to constitute a sink- impendent thinkers will go right. 'There

ing iunu, 10 ue loanea oui on mortgage, ior such term and on such interest as the commissioners of that fund shall determine. The bank is never to have more debts due than twice its capital paid in, but as the branches may accommodate each oth er, and as the pork season, when the great j discounts are needed, comes on at the Ohio river in November and December, and on the Wabash in February and

March, while in the interior the purchase jwhich cannot be warped bv anv combinaof hogs and cattle for fattening is general-1 tron 0e surh interestsand such I think it

ly made still later, and the lake tra e does not commence uotil a subsequent period, there does not seem much difficulty in managing the whoie concern with profit to the stockholders and advantage to tho state. No other Bank can be created in the state untii the year wnen our popu-; lation will in all probability be a million and a half. One additional branch isau thorized to be established in one year and another in three years, unking only twelve that can exist until the charter shall expire. There seeing not so much reason for the inquiry why a bank is now created to accommodate a population otfcalf a million, as why the subject has not sooner excited public atto.nti-.il. The experiment will be tried, and tor the fjture credit and welfare of the state, i'. is ail important that it should fall into the best hands. Ten branches have been located, where books will be opened for the subscription of stock from the 7th April to the 10th Miv inclusive, and where the stock is subscribed banking operations will commence as soon as tho loan is effected aud other preparatory proceedings had, which it is supposed will not be completed until August or September next. Of the places selected for the location of branches, Indi anapolis, Lawrenccburg. Richmond, Madison, N. Albany, Yincenoes, Terrc-ilaale, Lafayette, Bedford, an ' Evausville, six of them contain a population of 0()0 each; die others have not so many inhabitants, but all of them are places of extensive business, and banks have prospered in other states in situations possessing fewer advantages. Thire are no means for estimating with much correctness the amoant of business done in the state. In obtaining information for another purpose, a short time since, it was ascertained that in fourteen counties selected promiscuously and containing a population of 1(J3,000, there were one hundred aud ninety per.-ons en gaged in Merchandise. This w ould make about (.K)0 for the whole state. An equal number must be engaged in the river trade aud as horse, cattle, aud hog drovers. The persons engaged in manufactures are not numerous at present, out every year is rapidly increasing their numbers, and the time is not distant when our manufacturing capital will equal the commercial. These hasty and crude suggestions it is hoped will call the atten'i ?n ol others more capable ofcommuuica:ing useful information. S. MERRILL. We take from the. llunpden Whig the following extract ot a. letter from the Hon. Samuel C. Allen, of Massachusetts. He is a gentleman distinguished for his high character and profound intellect. He was we believe, from his political connexions, i-i"feu in oiu election oi uencrai jaewson, I . i i . l . . , , out his feolmjr, ot patriotism have got Hie better of his party obligations. I he sentimen's expressed by him, will at some time endear him to the republicans of the east. No portion of the American people are more interested in preserv ing equality of rights, and putting down monopolies than the people of New England. It is as certain as any thing future can be, that the government cannot stand aUainst such a power as is embodied in the U. S. Bank. It may continue in form, but it will not be the government of the people, but of the Bank of the leading spirit who shall gunie its machinery and wield its pow er. 1 am sati-fied there can be no real freedom while such a power exists. It w ill use (I wish I could say it hal not done it heretofore) the public functionaries f.r its own purposes, or if they w ill not be used, it w ill supplant them and fill their places with its own organs and subject the whole mechanism of the goveminent to iisowm impulsion. The vi.tes relating to the bill fur renewing the U. S. Bank charter, if any man will tlillow n m its progress through the two Houses of Congress, will satisfy him .n this point and y et the whole delegation of this Stale united in the most obnoxious of them. This Lill presented in my mind an imperative fCciiMon fbr the exercise of tlu cto i ptover b the President. It i.s sntiVifnt l l m - - - a-wia 1 I for him, and will be while history lasts,!

goes, the true representative and organ !

decisive and permanent influence upon human welfare than belongs to war and military success. "The press amongst us is almost wholly i in the hands of the Bank Dartv. and will ed wjth distrust,and is losing its mischievt)0wer. With a verv little to counter e some who are iau-e dupes, and some 'he dopes of dupes, but the head of the mass of the people is clear and its heart sound. Thev have seldom failed to sup port an administration when it has gone rijiht. An administration in unison with the popular feeling cannot be displaced. One which is uo, ought to be. But this is true only where the popular feeling predominates over the feeling excited by the sinister interests, and finds an oran has found in Gen. Jackson, at least so far as the Bank is concerned, and 1 would add nullification too." The struerde oetwee.i Mr. Mackenzie and the parliament of Upper Canada, in respect o his riul.t to take his seat, as me?nner fr the county of York, has been rert nved in a new sh'.pe. Wo have, in pe sev ral papers, accounts of (he scene which took place, on his appearance in the House, on the 10?h ult. On previous occasions, the proper commissioners re fused to administer the oath of ofiice; but a new commission having been appointed by the; Lieutenant Gevernor,Sir Jolin Colbourn, Mr. Mackenzie was duly qualified So w ith the evidence of this tact, appearci to claim his rirht. The House was crowd ed with electors to witness the reception. Before he reached a seat he was sloppec by the sergeant-at-arms as an intruder, aw after a slight scufde, led out side of the bar. Af:er a fw minutes he made a se cond attempt, and was again with great er violence, removed. He appealed to the Speaker, who refused to iuterftre, and continuing his resistance, the sergcaut-at arms complained of him as in custody tor the reiiisal to leave the House. Ade bate ensued, which lasted fr seven hours w ith great excitement. Various motions w ere made to send the refractory member to jail, to expel him by force and appoint two men to keep him out of tho House. At fu st there was a rush from tho :alleries, and a cry for "vengeance" but for the rest of the day there was no disturbance among the hearers. Mr. Mackenzie was refused the liberty of defending him-e-ell,anda motion to allow him to take his seat was lost, by a vote of 15 to til. He pro'csted, on behalf of his constituents, against this violation of his and their rights. The result of the discussion was, that Mr. M. should bo admonished by the Speaker, and discharged from custody, which was accordingly done; and here the matter rested at the last accounts. Bait. American. Nctrspapcrs. I positively never knew a man in the country w ho was too poor to take a newspaper. Yet two out of three, even respectable people, read no papers but that they borrow. As I speak generally, I hope I olftnd none. If I do. the Greater necessity to speak out. Every man is able conveniently to take a weekIv newspaper. The cost isfourpence a week. How many who think themselves too poor to take a news paper, pay as much daily for drink. Miserable man, thou art poor indeed! Dr. Franklin. Remedy for Ringworm. A correspondent in the American Farmer, writes as follows: "Alter I had the tetter nearly twenty years on my hand, and had used j. .11 . ,u ,.r iuun.iis uiui iwiki uiiuuicia, which j took offlie skin repeatedly without a cure, 0 f . . . ' tn . i ma. a friend advised me to obtain some Bloodroot, (called also Red root, Indian plant, &c.) to slice it in vinegar, and afterwards wash the part affected with tho liquid. I did so, and a few days tho dry scurf was removed, and my diseased hand was as whole as the other." "5 NOTICE "1TN consequence of the death of my partner, (Mr. Samuel Tomlinson,) it becomes indispensable that all unsettled accounts due the late firm of Tomlinson and Ross, should be closed immediately. This is therefore to dice ycticc, To all those indebted as above, and by note, to call and adjust the same without delay. i he business will be continued by the undersigned, for the purpose of disposing of the goods on hand, and closing the business of the late firm. The stock of rroods on hand is extensive, and embraces almost all articles usually kept in stores in this ! country, and were ourchased but lately in Philadelphia, all of which will be sold Wholesale or Retail, at reduced prices I for cash. No other but prompt payment ! would tuit at this time JOHN ROSS, Surviving Partner of the late Firm of Tomlinson Jc Rats. Vincennes, March 5, 133-1. 7 if

"s5? STATE OF P

INDIANA, Vandrrburgh county. SCT. rROBATE COURT OF V ANDElWURftlt COTNTY February ''era, 1831. William Anthony, Ci ) vs. In ClIANCERIT. Elijah King, &. others. ) A ND it now here appearing to the satisfaction of the court that Berry Anthony, Clarissa Dobyns, Thomas J. Dobyns, Warrick McOary, Daniel McGary, Jonathan MeCiarv, Alatthew Talbott, John P. Myriek, Priscilla .Myrick, Micajah Alsop and Thomas Alsop, defendants in this cause are not residents ofthis state, On motion of the said Elijah King, it is ordered, that the said Berry Anthony, j Clarissa Dobvns, Thoma J. Dobyns, Varnek McfJarv, Daniel McGarv, Jona than Mctiary, Matthew Talbott, John P. Mynck, Priscilla Mvnck, Micajah Alsp and Thomas Alsop, be and appear here on or before the first day of tho next term of this court, and answer the matters and things contained in the interrogatories in the answer of the said Elij ih King, exhibited against them, or the matters and things therein contained will be taken as confessed against them accordingly. And it is further ordered, that this cause be continued until the next term of this court, aud that notice of the pendency of this Bill, Answer, and Interrogatories, be given by publication of this order four weeks successively in some public newspaper of this state. Copy Attest. W. T. T. JONES, Clerh By J. ti. JONES, d.c. March S, 1S34. 7 It JT S hereby given, that I shall apply to li the Board of Commissioners lor the county of Posey, in the state of Indiana, U their Sepiember term, one thousand ?ight hundred and thirty-four, for the establishment of a FERRY across the Wabash river, opposite, and near the north west corner of the north west fractional quarter of Secti m thirty-five, in Township number seven south, of Range number fifteen west, of tho lands directed to be sold at Vincennes, Indiana, lying in said county of Posev. "DAVID BENTON SEARS. February , 1S31. G-13t STATE OF INDIANA J IJ 1 ll Role KXOX. rilOBATE COURT, February Term, 1S31. ert G. Mc.Clure, and Alsalom Reel, Administrators of Israel Mead, deed, vs. The Creditors of said Israel Mead, deed. ON COMPLAINT OF INSOLVENCY. THE said Robert G. Mc.Clure, and Absalom Reel, having filed their memorial in this court showing the condition of the said estate, and complaining that the property, both personal and real, is ins ilTicient to pay the debts and demands outstanding against it: It is therefore ordcred. That the filing and pendency of the said complaint be made know n to the creditors of th5 said Israel Mead, deed, by a publication of this order for six weeks successively, in the Western Sun, a weekly newspaper published in Vincennes, in the county of Kuox; and that they be informed, that unless they notify the paid Administrators of the existence and extent of thoir respective claims, by filing the same, or a statement of the nature, date and description of the contractor assumpsit, upon w hich the same may he founded, in the office of the Clerk of this court, previous to the final distribution of the assets of the estate of the said decedent, such claims will be postponed in favor of the claims of more deligcnt creditors. A copy Test, A. D. SCOTT, CVc. k.p.c. February 20. 1831. G-t5t STATE OF INDIANA.) fcNOX PROBATE COURT, l February Term, 1S31. Awnjarct Bowie, Administratrix of PJeasant C. Bowie, deceased, vs. The Creditors of the said Pleasant C. Bowie, deceased. ON COMPLAINT OF INSOLVENCY. THE said Margaret Bowie, having filed her memorial in this court, shewing the condition of said estate, and complaining that the personal estate of 6aid deceased is insufficient to pay the debts and demands outstanding against it: It is therefore ordered, That the filing and pendency of said complaint be made known to the creditors of the said Pieisant C. Bowie, deed, by publication of this order for six weeks successively in the Western Sun, a weekly newspaper published in Vincennes, in the county of Knox; and that they be informed that unless they notify said Administratrix of the existence and extent of their respective claims, by filing the same, or a statement of the nature,dated&,escription of the contract or assumpsit,upon which the same may be founded, in the oiiice of the Clerk of this court previous to the final distribution of the assets of the estate of the said decedent, such claims will be postponed in favor of the claims of more deligcnt creditors. A copy Test, ' A. 1). SCOTT, Ca. k.p.c. February G, 1K11. G-St JOB WORE OF EVERY DESCRIPTION, poea: wttxx DzsTAiua at Tina orixci.

f fpAKEN UP by Emanuel j Hull, in Vauderburgk

ri county, rieon lOMmsnip. supposed to be seven years old, marked A witli a ffnn and slit in the left mr hp I i n. ' r - - the right ear an under slope. Valued at $11, by David Knight and Thoma Y. Johnson. J. W. LILLESTON.J.P. February 17,1834.-8 3t STATE OF INDIANA,) DAVILS5 PKOBATE COART, r February Term, 1S34 Samuel Comer, Adrn. fcc. of Joseph Stepenson, deed. bill imxSOLVECT. vs The Creditors of said deed. ND now at this time comes the saiJ complainant, by McJunkin, his so licitor, and files his bill of complaint, stating, that the estate of the said deceased is insufficient to pay the debts and demands outstanding against the same, and praying generally for relief; i.t therefore ordered, on motion of the said Complainant, that the creditors of said deceased be notified of the filing and pendency of said bill, by publication in the Western Sun, a newspaper printed at Vincennes, for six weeks in succession; and that unless such creditors notify the said complainant cf the existence and extent of their respective claims, by filing the same, or a statement of the nature, description and date of the contract or assumpsit, upon whicli the same may be founded, in the otlice of the Clerk of this court, previous to the final distribution of the assets of said deceased, such claims will be postponed ia favor of the claim of the more dcliircut creditors. A copy Test. JOHN VANTREES, Ctt.n.p.e. February 15, 1S31. 5-0t STATE OF INDIANA, :! DAVIESS FttOBATi: COURT. February Term, 1S3I. William Bratton, Administrator, and Mary Routt, Administratrix, ice. ol'Cicorje 11. lioutt, deed, vs. The Creditors of said Estate. BILL OF INSOLVENCY. A ND now at this time come the Paid complainanst,by McJunkin. their so licitor, and files their bill of complaint, statins that the estate of the said deceased is insufficient to pay the debts and demands oiistanding against the same, and pray in generally for relief: It is therefore on vwtion, ordered by the court, That the creditors of the said decased be notified of the filing and pendency of said bill by publication in the Western Sun, a newspaper printed at Vincennes, for six weeks in succession; and that, unless such creditors notify the said complainants of the existence and extent of their respective claims by filing the same, or a "statement of the nature, description and date of the contract or assumpsit upon w hich the same may be founded, in the office of the Clerk of this court, previous to a final distribution of the assets of the estate cf the said deceased, such claims will be postponed in favor of the claims of the more dciigcut creditors. A copy Test, JOHN VANTREES, Clk. o.r.c. February 15, 131 5tit LOUISVILLE, KENTTf. Druss, Medicines. &c w I J - RUPERT V LIXDEyB URGER Main, 3d door east of 5th cross st.. Loufs"yi'.le, Ky. sign of the Golden Mmar, and opposite the Union Hall. 5JaVJNG entered extensively into the DRUG BUSZKT2SS, in all its variety, respectfully solicit the patron?ge of country Merchants, Physicians and dealers generally, assuring them that all orders entrusted to them, by letter or in person, shall receive the most strict and prompt attention, and all Mediciacs warranted to be of the best quality. N. B. R. Ac L. having made arrangements to receive direct importations of Drugs, &c. will be able to sell oa as reasonable terms as any house in the western country. January 31, 1S31. 2 llw DiVUGS Cl nDICIIIES. DR. J. MADIJOX AS just received and now opening, in the house formerly occupied bv Dr. E. McNamee, a new and fresh supply ol Paints, Oils, Medicines, e-Stuffs, c. Together with a variety of

H

PATENT I3EDICIiJE5, So celebrated for the cure of Scrofula or Kings Evil, Tetterous Eruptions on the Skin, Rhuraatism and Gout, all Sprains Biuises, Colds, Coughs fc Consumptions, Dispepsia, disease ot the Liver, Worms Bowel Complaints, Fever and Ague,Som Eyes, and ilniost every other disease incident to the human family. AU ot which arc warranted genuine, and will be sold on the most reasonable lorms. Vinceaacs, Nov. 1S33 II

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