﻿ESAEEY : STATE BANKING IN INDIANA 



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nineteen boards of sub-commissioners. The remainder got their 

 part of the spoils through unfair subscriptions; and in some cases 

 the commissioners also subscribed heavily for stock 



At Jeffersonville, Judge Thomas L. Smith and Samuel Patterson 

 subscribed for 1,185 shares, which were at once sold to the Ohio 

 Insurance Company for a premium of $10,000. At Rushville, 

 Michael G. Bright subscribed for 800 shares, and John L. Robinson 

 for 400. At Madison, Bright and his partners took 2,000 shares, 

 Bright alone getting 1,200, which they sold to Lanier & Co. of New 

 York for $14,000 premium. At Aincennes, Samuel Patterson, 

 Judge Roach, and J. H. Hager got control of the stock^ — 1,300 shares 

 — which they sold to the stockholders of the old Bank. At Ei^ans- 

 ville, the stock was allotted to Sam Patterson, Judge Thomas L. 

 Smith, and a few others — the two named getting 600 shares each. 

 The whole stock was sold at once to Air. Rathbone, of the old Bank, 

 for a premium of $10,500. At Bedford, W. C. DePauw and John 

 S. Davis took the stock, DePauw getting the lion's share. He 

 sold the stock to E. F. Nixon for a large premium, $2,240 of which 

 was paid in cash. At New Albany, the sub-commissioners advertised 

 that the books would be opened at the county auditor's office, but 

 the sub-commissioners seemed afraid of the crowd, and did not 

 open them at any place. Two lists of subscriptions were sent in, 

 one made up of men waiting at the auditor's office, the other made 

 up by the sub-commissioners. To avoid a lawsuit the bank com- 

 missioners gave subscriptions to all. There were 156 subscribers, 

 none for large amounts, except Victor A. Pepin, who represented 

 the old Bank. At Plymouth, Colonel Taylor, Phinneas Kent, and 

 A. L. Wheeler subscribed for the stock, which they sold to Walker, 

 Baker, and Holbrook. At Terre Haute, the home of Dowling, 

 1,300 shares of the branch stock were taken by him and sold to 

 the owners of the old Bank for $10,000 premium. At Lafayette, 

 the stock was subscribed for by a group of smaller lobbyists and 

 members of the assembly, who sold out to Aloses Fowler. At 

 Logansport, the stock fell into the hands of F. Keyes, Graham 

 Fitch, and M. G. Bright, to the amount of 1,450 shares, all of which 

 they sold at once. At Laporte, the stock was subscribed for by D. 

 Garland Rose and General Taylor — 600 shares each, which they 

 held as an investment — the only case in which the stock was not 

 immediately transferred. At Fort Wayne, the stock was subscribed 

 for by a number of men, most of whom sold directly to the principal 

 stockholders of the old Bank. At Lawrenceburg, the stock fell 

 part and parcel into the hands of M. G. Bright; and it cost not only 



