. Indiana and Indianans : a history of aboriginal and territorial Indiana and the century of statehood . ver a more wholesome banking business done betweenbanks and their customers than was done by the State Bank of Indianaand its customers through a large part of its career. It is proper forme to remark that while the ruling rate of discount on all home paperand on bills payable at the seaboard cities was six per cent, the Southernbranches did charge a small commission in addition to interest on billspayable in New Orleans, where New York exchange was sometimes at adiscount, sometimes at a pr
. Indiana and Indianans : a history of aboriginal and territorial Indiana and the century of statehood . ver a more wholesome banking business done betweenbanks and their customers than was done by the State Bank of Indianaand its customers through a large part of its career. It is proper forme to remark that while the ruling rate of discount on all home paperand on bills payable at the seaboard cities was six per cent, the Southernbranches did charge a small commission in addition to interest on billspayable in New Orleans, where New York exchange was sometimes at adiscount, sometimes at a premium. The charter of the bank for activebusiness expired on the first day of January, 1857, but its legal exist- •418 INDIANA AND INDIANANS eiiee for the winding up of its atfairs continued until 1859, before whichtime it became certain that a considerable amount of its circulating notes,widely circulated as they had been, would be outstanding after its ex-istence had ceased. In order, therefore, to prevent loss to note holdersand to maintain the honor of the bank after its dissolution, contracts. J. P. D. Lanier were made by the bank with responsible parties for the redemption ofall notes not presented in its lifetime. ? If the history of this bank should be written it would be both in-teresting and instructive. It would be the history of a bank which,although established in a new State and committed to the charge of in-experienced men, through periods of speculation and depression, pros-perous and unprosperous years, was so managed as largely to increasethe wealth of the State and secure for itself a reputation for honorabledealings and fidelity to its engagements which placed it in the front INDIANA AND INDIANANS 419 rank of wisely and honorably conducted banking institutions. Of itsmanagers, my associations—some of them for nearly a quarter of a cen-tury—my recollections are of the pleasautest nature. ]\lore upright,trustworthy men could not be found anywhere. There
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Keywords: ., bookcentury1900, bookdecade1910, booksubjectmedicine, bookyear191
