Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1838-08-25

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dsmro = improy5 BY t,rf g- I'M as to Banks A. soonas
@sasas be o5opsd @e sh S @ % s REDUNDANT he er. u greater
The os fd Dsai al s P prom BANK u aai has not 5 ether
T % ~5al e %s,y 'o % n ed by % eha Rg cnsr
by mogsges portion
capital beng nearly half The Bank her charter amended last
s sid S properly P1ymG ,o. The s t % % t
IT, & an S @ ] one me t Of fo So . 5y in %
possession property and nn gross Selo terms call "a instrument writing capital
surplus capital stock of Banks should planters capital employed the
proportion upon
mortgages to be capital no"1f the mortgage fsrs from the Bank "Do one 7 the
that and without property Banks have
inevitably be holden Of legislative
The sa, permit issue of several tunes the amount of .n oe The utility
cI fund Which Bank possesses TH. nd Should b. II" c Stock u the Stock
Rank consist Of mtgs i note, cannot :. Convertible INTO s mil the Rank NV &
Tho Profits c =, npy linn, he divided omong @ ocbbor yg S~
the people but notes deprecated proportion the time required collect q" o
B. C whether good bad indifferent and thus take
upon
nng medium convertible specie.
In calculating the profits from
%eny PGhsn tine G % sTG % eo notes say four months T on suspended
sources will Increase pod Of the year at least Soooo dollars in round num
This calculation on hat tho Bank hefsr viii act good faith its
s Medium the sa S"d a a Ss promises % o "a a %1 p9
@ % aud 60 mt" market purchase It's own notes Mss
tho balance Of its northern funds has already s26s7 o1
four dollars and Fifty But enlo Paper
Of buying negbo profits DISCOUNT spy 50 per cent? will
Ban with capital the
seventy twenty-five moy do not think the
s @ :' a VIZ ' ap b. t % pe"s %
good faith the public who took promptly
%G SIX hl snd y "m % G ao 1 wen " ho', % J
oo The o %S ch e S rSo $n, cn Sa
very simple charter first obtained from the Legislature small of
promises,
little possible But ahe latter they elected manage
y secure more Stock &c &c. and finally they are able Write up v respectable ca
permitted If however the pons of he people
they disregard the limits Of the charter and issue E The socbho
% n n9$ p@ % of % Money S or t of acquiring the property
as few draw profit Of per country
natural that they should enortG harvest They could not be expected
capita, Brandon Bank eo% not produce legitimate interest more
Ss"a s p oe 9 secure "% PSii o osd s S
s @ @ ps 1oo been mad1 from @9 ms StG1S5 n
country yas a o pn sa R e 50 s' ana " ''" reducing
In he dark ages ali who ob grants Of a" and ses to cultivate had m
1, the service Of their country The followers Of Richard ca dc Lion the Knights
G I T P'I Privileges mm % %T"'sd @m
supremacy the
hospitality pey learning rnnmag
y c%ns Th % a pabe
great people alt
privileges similar & the Brandon Bank there are numerous Res Estate BnSs
sa%s property people peculiar Of JUSTICE and chartered
may calculate long can sustain the cdon of for
1s %"Go and e"s by n E,a and %" Ban Nothing
pie this State from wide spread
Of the s~So" due " s Ranks pG part is due @ State and
s Gs%sasaa The proceeds " sterling exchange we're deposited " latter ''" " ''
The bank drawing May when attachments covering
States Bank Of pe@@sy and the latter Immediately commenced the checks
Pe reason assigned by Mr. p nS m' @ covered BY the same R attachments
Bank had protested notes should a sS Gsm an" the s
snn and he G %ss
had possession although officers The Brandon s1 Banks
doubt d.. may have ",a. s that few hundred dollars