Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1838-06-09
$7,a5O,O)o
5,2i2,ss5
Total increase since the suspension,
Circulation previous to do
Whole circulation At this date.
$Ie,i92,ss5
.AII..I..iprI BanL. az BaaL Cr.dlL..

Whole circulation at this date $l2,i92,ss5
by glance ut the above it will be perceived
that the circulation Of bank notes at this time ex-
cceds that Of the same period last year by ST.
| 100000, without including tho amount seuod by
| individual companies and town corporations,
which fills up NIL the minor channels OF circula-
ton. II will be proper 10 State that some Of the
| older banks whose ejaculation has been increas-
cd, have paid Of large balances to New York and
New Orleans and the two deposit Banks have
hquldated portion Of their debt to the govern.
men, and that they have been curtallIng for some
Months which course Of business will bring their
liabilities much below what they were last year.
II will also be seen Tint ten new banks have com
menced Issuing since May last, several Of which
have commenced within few weeks A very
natural inquiry is, what Ia this increase Of crcu-
lalion based uponi Can il be that there has
been an increase Of capital in Mississippi since
May last, sufficient TO warrant an increase Of cir
culation by the banks Of S7,250,000l
| Mha. hunks are these that are now dong bust
ness on little OF no capital and issuing notes to
an unlimited amount Il il no, clear that it the
circulation Of tho State did not exceed that of
last year Tho notes nf our banks would be as cur
4 ktt1t Ill kNCH 0iicHHS 10 NAN HuttS VI HlSII own
/ banks.
/ When these questions arc answered the cause
Of Mississippi bank credit will be known. We
have every confidence that the Bank commission
crs will do their duty learlessly and show the real
soundncss or rostenners of our banks. Ii does
not appear tha, any oi the old banks have acted
mprudcntly, They arc doubtless us sound this
day as they were when they met thor payment.
, il The legal currency Of the county, aud we fine
their notes are fast disappearing from circulation
and giving place 10 those Of the New banks. I'll,
sharp sighted New Workers exchange their col
lectiuns for notes Of tho older banks and leay,
behind them such as they view with Suspicion
We will speak plainly and We warn our reader
10 mark our words. There most inevitably vii
: be an end 10 this excessive ISSUE OF bank paper
There must be stopping point and great viii b
the loss TO the community when bloW up take
! place. We are no alarmsts. We only wish I
put people on thar guard and if the banks them
selves will moi publish their condition we will cor
tinue to take the responsibility OF doing so to tn
best Of our knowledge. Let all read and bcliey
/ as much as they choose Of what we say. Their
will be the loss for their incredibly aud not our.
{ Such banks as publish fair statements Of the
1t condition and shew that they are sound will d,
i serve the public confidence, and Il we have ERE
e in the statement above, let them publishio It
= world what their true condition is, and the peop
will have confidence. Ten per cent. d,ferenC
IL now made at home, between the notes Of Il
older banks and the new. Will not this dHe
ence continue TO increase until people will fiji
10 themselves with their pockets filled with uncu
q rent bank paperl Six months more will sell
J. this question. The elements are in motion.
d large number Of white persons who had a
% semblcd in front Of the African church I.omba
ar street, Philadelphia, on the night Of the 22d u
q were attacked by negro mob armed with dir
We and pistols. Numerous arrests OF blacks a
OF whites were made by the police, and the Gro,
to was dispersed, one of the watchmen being sc
ously wounded. This is some Of the fruits
lid aholiiionism. The blacks have been tamper
ca with unu they have become unsoyernablc, q
IS are turning upon the whites and striving for [
nj mastery. The result which has always been d
dicted by every sane person is now taking plas
and the inhabitants of the cities which have q
EAR eouraged these ncendary movements are roa
100 ing the proper reward Of their labors.
,NGstriHs Uaica.