Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1837-01-21

ltt pats y Pi'fNu " blc i"' N''' ~ ~ -
stantly brought here for investment or sale. The
only loss, then, that can possibly accrue to the
country IN the removal of money, is during the
time occupied IN such removal, 1t being then IN
active. But some one profits even by that, as II
gives profitable employment to the waggcner or
the person employed to csnyey it, and there is no
actual loss to the country in the aggregate. But
the experience of a few years past has taught US
all something of the art of making panics and
pressure in the money markets. They are moth
ING more or less than Specializing articles, which
those who affect to be ruined by them are often
in the deepest ANY change IN the admnlstra-
ton OF the public afi;lirs, which will answer, Is
made pretcxt and used for that purpose; and
while the L. 5. Bank lasted, there was no diff
Guilty at any time to get up pdntc or presume
as it depended upon the fist of those who had
cult even to get up one, and much more SO to
keep it up. Money holders, brokers and banks,
may, in New York, Boston and Philadelphia,
enter into an arrangement and refuse to afford
the accustomed facilities, and make a few sham
sales and sacrifices, aided by the dolorous com
plants of newspapers i'll their service, and draw
in, for time, number of the unwary aud those
whose necessities compel them to submit, but
this state of things cannot last long if the specie
order is continued or the views of this admins
tration are carried into effect. Even the late or
present panic, desperate as the effort was, we
learn has almost wholly subsidized in the Eastern
cities; not because there has actually been any
change III public affairs, but because its projec-
tors have not been able to keep it up any longer.
Mr.. Bldde hints also at the injustice of thus
removing the public monies, because he says that
1t "deprves the very communities which raised
the money Of its use" 1t seems to have escaped
his memory that the people of the United States
have shown, that they have sagacity enough to
see and know that it is not the importing mer-
chant who pays the duty on goods, but the ulti-
community which raised this money, is the very
people among whom il has lately been removed
will add a few words IN the way of notice of
the Planters Bank in this State, and then have
done at present. This institution, or rather those
who have had the control Of it, seem to have stu
died aud adopted the rule of bank tactics used by
l
n. Bddle 4 Co.; for whenever panic cry is
raised, they are more than willing to give ready
reponse to it. And why should they notl Their
situations and interests are very much identified,
aud like the U. s. Bank its directors are monied
men, who can always reap rich harvest during
such times by the profitable use of their own
private funds. And even ordinarily, this "Plan-
ters" bank can only find means to accommodate
the real Planter, through draft drawn on his
commission merchant, who obliges him by taking
a deed of trust on his property to secure the
payment, and two and half per cent for the use
OF his money. ] assert also, that the course of
that institution has been almost invariably to pur
sue whatever course would be best calculated to
make unpopular the views and policy of the pre-
sent administration, and in no act has il been
more completely exempied, than in its course
IN regard to the late specie treasury order That
order was calculated to have been of infinite ben
cit to the Planters Bank, as by it they were no
, longer, as deposite bank, bound TO take on de-
site the notes of other banks, and account for
? them in specie as they had been before. Had
they pursued the proper policy, the notes of the
banks OF other States would have been driven
out of circulation in this State, and those of the
f Planters Bank have obtained the most extensive
! circulation and have been in the greatest demand
What good reason, for instance, can the bank
e give for not allowing the branch at Columbus tC
! redeem the notes of the mother bank or any o
ITS branches in specie, where the cashier or thu
:, directors are satisfied that it is only wanting fo
5 the purpose OF passing into the land office anc
J will be returned to them again on the same day
i But they seem TO differ somewhat with Mr.. Bid
die upon the subject of transporting money, a
they actually do haul silver in wagons to Nat
y chez and other places, from Columbus, rathe
S than to accommodate individuals who prefer t,
It do so for them without any charge or expense
It The remedy which ! think applicable, and tn
+ one which ought to be administered IN this case
: is not to destroy or cripple the Planters Bank 70
It the State is too deeply interested in her prosper
1t ty, but to remove the mother bank from .Natche
10 the seat Of gorsrnmeni in this Stale and in
r trust to other hands, where the people and tn
y peoples representatives. can better see what the
are dong.
o RUsTICUs.