Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1838-04-14
From fse Tlcks5vfg D.Slg NcsiAt@
-ln nAAI,SI -IuE HANNNLi

increasing duly, and lt the HanN- DO not iaAe
tl.el,. ,,..aI.lr, sasl remove The cau WHICH led /
On Ct, hsy uil soon become oblc.toi aiho--
renee. They are oy,ueachug themselves, and /
dies. s,lspmg aya,ee and masterpieces public /
robbery, or We do not know hy yuat u,acg uame /
10 ,ali a., Will soon work their own downfall. All,
mo- doubt, are not guilty, bat those lhat are lnno
ce. .hould COME cut from among ibe guilty.
Il i we'll known Tint The Buudaa Bank step.
pei forward hs summer and relieved tba planters
from suffering, b, advancing on their crops,
! Th.- coarse was al fist condemned by The other
Banks bat soon adopted. Each Bunk had rs
own mode Of doing business some advanced
nad promised the foreign exchange to he planter,
rcsening the domestic 20 themselves; some
/ bought, and olht,s advanced twenty collars a bale
on the crop Of ISIS, 80 promising Ia advance
O. more ,ns spring. "t". ,oc uunks have fe-
ccycd the cotton and sou q. We presume. The
foreign exchange Is suddenly reduced below par,
That Is, below el2ht and halt pen cent While The
Banks, having The entire control OF domestic eS-
/ change, refuse 10 draw and lullc or none can be
abained al any price. The Banks, during the
winter, have kept the public IN suspense, promising
to check on the North "m thirty days" 1hr-
i " days after Thirty days have expired and now
they say that they Will neither draw on the North
nor advance the twenty dollars which they rromis-
ed the planters Instead of throwing the ex-
change into market us they promised, We have
been informed ,hst they arc selling It now IN New
4 Orleans tor their own paper, by which operation
hey arc making about 70 per cent. Now, mark
the effects Of this ueachcry oflbo Banks. 1t do.
prtca'os their own paper and tie further It Is
] "A a. ll, Ear nolg
Bul who are the sufferers The people Of Mis-.
sssppL llowl Coto the landing and buy 4
barrel OF par,, 81 laur, sugar whD.kcy or molas-
sc., and 10 consequence Of the hunks baymR Dc
prccalgd Then own paper tac pubic have y nay
iom soto l0Jper Gem, none than toe puce ~
,,,,-,r,,,e,.., Wv. mmcT ur naufs therefore,
gam in proportion rs The people lose by dopte-
cta,ed currency, Eh- Is am enormous tax on me
cubic, and .u whose benefit For the hgnehi
generally Of foreign jochhuldcw ltih0sc whom
ihcso Stockholders select 10 manage TIE Banks
. oi Mississippi, were satisfied 0ih len per cent
a on any reasonable interest on tbplt caf!!a's ~
T. peoplo would moi complain bot Ydenht have
J. al the mie oflIom % 70 30 per cent The esll be
ID comes molepbIc, and demands remedy. Wei
- what Is the remedy The Banks laugh at IN
y people, and paint to the law Of last session, exon
~ Grating them from damages OF 2 per cent. o.
g. their piper Until this lau was passed dcy pro
IA missed tarly. In "hiuy days. they would chez
lg on the North, "at per cent" but as soon e
the law was passed over lhe head Of tho goycrAo
u and ihc Banks got as bcy thought their iiuge
out o.. die ggoprs mouth, lhe, "clackcd the
whips sc0t their checks 10 New OHtaus, af
oought up lhcu own or their neiebbors paper al
inns, aisiaal Of raising, depressed still further Il
.alHc III thcir puper because al soon ~ II Va
.aell4iucd lhal they dd not intend 10 draw {
tho NORTH, .be holders "a hcu paper ,hrew 4 lp
uadc or wnatt,or would bling, ard NJ d
| Bank, themselves were uic only paehuets, tur
b. +. couHe, we've not nnNous - wtc ~ yab,e.
~ l'n wv 's""i "e'e' "''' ~ ''''''N' ~
''' ""'n '"' l'''''''l' Y t''""H l'''' W
~ 'i'H' ny Wy ~" ~ w '"'' ''0, ~
r n F','"'" -, "e Noo',9 ~ 1''''' og, Nm
IN g' 'y '''cs - i"''s''s'' '"C n4"@a W. ma "
nl ''o5 "v ~ =, 'Ho s'' 81 'D' no'o,'s - 'D'
oi H"',s ava '''1' ,a'! ''' " ""I''u 70 u'7Eo'i
we we've 'D' a n'' l''' e'Ni' l,'I o"o'' t"'''c
w" P'F'' y, p''''''''" 90 '''" '0o'''''f'
ll''o . NY -"
AN AL to amend an acl emitted an act, q
horzng The Banks Ct lh. Slate 10 's.ue p
Notes aod Tot other purposes, approved /
May 1857
aLclIoN J. be /" enacted w The Legtsiaiu
q iae oiGie q ''I'S'r3PP,,' / holso much Oh q
several acts incorporating banks IN this State
requires BANKS 20 pay we've ana haI per cei
damages upon all notes ISSUED seycraliy by sa
banks nom ana oIier the I'me at which they shi
refuse 70 redeem men notes InsPtcle' BE- and Z
7''"e - le'ooy 'Vp'a'eu. 5o'o'o' 'n'' ot' w
"y r'y ~ ','' "oa - " ~ "'''sn .l'', ,'J'
~ W ill., '''o D"''Es ~ ""' I''o' p,'u y
gi "r o and o6cr N easse ' - n I'' Nv ~ MA !
Fl o,be, Slaes Shall resume sncc,e nayner