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INDIANA UNIVERSITY STUDIES 



fordsville, but he refused his support; M. W. Shields of Jackson 

 county voted aye and Judge Smith allotted him 100 shares in the 

 Jeffersonville branch; Senator David Crane of Floyd county sup- 

 ported the bill and received a subscription in the New Albany 

 branch; and Solomon Meredith, a member from Wayne county, was 

 promised, by both Roach and Smith, the location of a branch at 

 Cambridge City. No one was safe from approach. Open attempts 

 at bribery were made on such a veteran member as David Kilgore 

 of Muncie. 



Several lawsuits followed the organization of the Bank, but the 

 real merits of the case, with the state as a party, were never brought 

 before the Supreme Court. Nor would it, presumably, have availed 

 anything. Courts naturally hesitate to question the integrity of a 

 coordinate branch of the government. 



No further changes in the bank laws were made till the law of 

 1874 was enacted, under which the state banks of today operate. 

 The National law of 1863 as amended in 1866 stopped all state banks 

 from issuing currency, and effectually put an end to experiments in 

 banking, though it has not solved the greater question of the inflation 

 and contraction of the currency. 



