Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1838-06-14
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From The Jackson (NissisaPp) Sun
BRANnoy B,Nk.-Thorc seems TO be DISPOSE
ton on the part OF certain persons, both in this state
and elsewhere, 10 attach as much disercd as they
possibly can To the notes issued by the bank OF the
Mississippi aud Alabama railroad company. IIhy
this is attempted, is somewhat mysterious. There
exists feason-no Jus'ice--iur the conspiracy a
gains this excellent institution; and those who are
most loud IN their senseess denunclaions, appear
most deficient in any ground upon which TO predi
cate their censures. We have heard il remarked
that the Brandon bank has too many notes IN CIR
cuaton and that it has issued paper 10 SO great an
extent preclude the probability OF It's future a
biliiy to redeem it. Now tins IL altogether errone-
Gus. We freely admit that that bank has discounted
with some more hbcaIily than other institutions IN
the state aud that, probably, more Of lis paper may
be found in circulation than one can find o any 9TH
er description. But h2w has this paper been emit
ted Why, dutne a time when no oilcr bank IS
sued solitary dollar TO the suffering community
when rum aud starvation looked our opuent plan
tcfs in the Gce--wlen people were daily har-
raised BY the officers of the law, aud hourly expected
To experience the sacrifice of Their hard earned pro
perry tile directory of the Brandon bank generously
adopted policy designed exclusively ior the relief
oflhc people They discounted the notes Of those
who were nccdg-,hey enabled planters to buy pro.
Visions FOR the support dt their negroes aud stock
until plentiful harvest of cotton would place them
out Of immediate cmhltrassmeut--thcy enabled
solvent citizens to pay of their pressing debts with
out loss of all they possessed, and hus, IN the
state OF Mississippi. prevented, we have no doubt
the sacrifice ofmlllions. Norwas this done at the
expense of the bank. The directory had eye 10
the interest of the stockholders AT the same time that
they looked compassonltcly upon suffering
munty They required IN every case where note
discounted bona Gde pledge of cotton, (Which
will always command gold aud slver,) aud also
additional personal sccuriig for tho payment OF the
liabilities OF the people. How, then, could the bank
be loser' How is 1t possible for that institution
TO suffer by It's libcnlity' Where are the cyiden
ces of any thing reckless OF mpfudcn in its policy
No man can point out To them. They exist only in
The Imagination. or the malicious pcrvcrsion OF Ger
tain loco ioc1 fanatics, who. like vpers poisoned by
their venom, hlindiy strike at every thing con
nectcd with banks. and looishy dream of an
approaching era of yellow gold aud shining silver
which never can he realized
Those planters who were saved from iuin by the
Brandon bank, have generally been faithful IN iu-
filing their engagements to furnish its agents with
cotton and full returns are received from
European markets, we are informed that the ,usi-
tuition will be fully prepared To redeem It's entire
circulating paper. In addition 10 tins, IN few days,
post notes will be issued, payable in Philadelphia.
for the redemption OF the notes of the bank. The
Mississippi and Alabama railroad company will be
ready TO resume The payment of specie slmutanc-
onsly with the other banks OF Mississippi aud is ba-
! sed upon equally sure and solid , foundation as
any OF them