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STATE BANK OF INDIANA,
Indianapolis, Dec. 8, 1849.

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Hon. JAMES H. LANE,

President of the Senate :

SIR - Please lay before 'the Senate the accompanying report of the State Bank and Branches.

Respectfully,

J. MORRISON, President.

On motion, Ordered, That 500 copies of the Report of the State Bank be printed for the use of the Senate. In Senate, Dec. 10, 1849.

F. EMERSON, Sec'y. Senate.

STATE BANK OF INDIANA,
Indianapolis, Dec. 8, 1849.

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Hon. GEORGE W. CARR,

Speaker of the House of Representatives : Sir — Please lay before the House of Representatives the accompanying report of the State Bank and Branches.

Respectfully,

J. MORRISON, President.

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On motion, Ordered, That 500 copies of the Report of the State Bank be printed for the use of the members of this House.

JOHN M. LORD, Clerk H. R.

REPORT.

Indianapolis, Dec. Sh, 1849.

To the General Assembly of the State of Indiana:

Conformably with the provisions of the “Act establishing a State Bank,” I here with transmit to the General Assembly a report of the condition of the Bank, and each Branch thereof, on the 3d Saturday of November last.

It will be gratifying to the General Assembly, as the stock of the State in the Bank' is so large, exceeding a million of dollars, to observe its abundantly strong condition, and the efficiency and prosperity of its business operations.

Beside the profits of the past year, divided by the State and the other stockholders, which have been liberal, the surplus means reserved in Bank have continued to increase, thus contributing both to the security of the Institution against the vicissitudes of moneyed affairs, and to an enlargement of its business, corresponding with such surplus.

The aggregate profits of the year have been 9 8-10ths per cent. on the capital stock, while upwards of $80,000 have been added to the surplus fund.

The Branches at Indianapolis, Richmond, Madison, and Michigan City, have each divided eleven per cent.

The Branches at Lawrenceburgh, New Albany, Evansville, Terre Haute, Lafayette, and Fort Wayne, each 10 per cent.

The Branches at Vincennes and South Bend, each 81 per cent. The Branch at Bedford, 64 per cent.

In addition to which an extra dividend of 10 per cent. has been made to the Branch at Terre Haute, and of 20 per cent. payable in Sinking Fund Scrip to the Lafayette Branch.

It is gratifying that the Directory have been enabled to succeed in the regular reduction of the suspended debt, which had accumulated rapidly after the inflation of the business of the country

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