Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1838-06-16

MECHANICS MEETING.

or iBg-m,n Of GaiHssvifs took place, on Salurdsl
i the 26th May, at the Methodist Church, to tax
b. INTO consideration The propneiy Of refusing /
re receive .MisHsnppi Money for labor unles
a made equivalent 10 the money Of our own State.
D. On motion, Major McGREGoR was appointe
T. Chauman, and ". ". TAYLoR Secretary. Al
d terra few remarks on the objects Of the Meeting
81 by the Chairman, motion was mode and carr
j. ed, that the Chair appoint Committee Of live Il
r draft Preamble and Resolutions for the consid
> Grafton Of the Meeting whereupon, Capt. }. A
Powell, T.. Tureman, Is. Mclaughlin, j. r
Camp, and W. W. Taylor were appointed sale
/ Committee. Having retired about half an hour
tie Committee returned, and through the Sccrcla
, y presented to the Meeting the following
PREAMBLE AND RESOLUTIONS.
WHEREAS, The Citizens Of this County have
beed imposed upon, for several months past, by
Agents Of Banks from Mississippi and specula.
iors, who have flooded the country with tie is
sues Of the Banks of that State, in payment for
Cotton Crops Of Alabama, the effect Of which
have been to drive the Notes Of the Banks Of our
own State from circulation whereby We are com
PEELED to pay from rs to 80 per cent. more for
every article wo purchase, than was required pre-
ylous TO this change IN the cuucncy--wbich op-
crates with peculiar hardship upon Mechanics
aud working men. Moreover, tho most gross
partially has been shown by said Agencies, par
tIculorly by that Of the " Tombigby Rail Road
aud Banking Company" located in TIN, place,
IN granting The facilities OF Exchange to tavGt.
ed few, (whO had first agreed 10 counisHa.n.e ths
said Bank, by receiving its Notes, and thu, civ
ing them general crcuatlos, and fictitious val.
ue,1 and withholding all accommodation from per
sons whQSc circumstances did not give them much
/ .Huoncc, And, as the Banks Of Mississippi
generally have pursued, and are still pursuing, a
course calculated to benefit themselves and IN
ure the holders of their Notes, by sending
Agents TO the principal cities Of the Union, for
the purpose Of purchasing their own bills at en-.
ormous dscounts-and are neither making any
preparations TO resume specie payments, or to
render their Notes Of equal value with other non.
resuming Banks, we believe VIC are mourning the
risk OF a total loss Of the amount we may re-
celvc, by continuing 10 take sand Mississippi Bank /
Notos-whlch danger appears more evident from |
the Tact that their No!es are not received by per.
sons residing IN the neghborhood of the different
Banks (and who may be supposed to know
something of their real valuc,) except at dis
count of from 80 to GO per cent. We believe,
further, that individuals are engaged in buying
up such paper at discount in Mississippi, and
bringing the same to this State for the purpose Of
purchasing what they require, because it has
heretofore been taken without discount. There
fore, after taking all these things into conaldera-
lion, We have
Resolved, That from and after this time, we
viii not receive the Bills Tor Notes. OF any
Mississippi Bank (or Banks -erccpt in Gdfl- |
ment Of contracts heretofore made and in eases
Of bad debts, which cannot be secured otherwise,
unless at such discount as shall make il equiya-
lcnI, or equal TO Alabama Bank Notes.
Resolved, That we sensibly feel tho necessity
Of united action among the Mechanics and Wor-
kng-men Of this town and vicinity in order to !
carry out the objects contemplated by this Nee
ting, and that we will, as far as practicable, aid |
and assist each other, and all others who may
JOIN rs IN this object, in resisting all attempts to
force Mississippi Money into circulation among
US, eXceptot IFS value in Alabama Bank Notes.
Resolved, That VIC highly 1eprecoe the course
pursued by the Agency Of the T" Tombgby Rail
Road Bank" in this lace, in aiiording the iacil-
tiles OF Exchange to one portion Of the communi-
y, TO the 'otal exclusion of another.
Resolved, That we recommend to the Town
Council OF Gainesville, to issue such an amount
of Change Bills as viii answer for the ordinary
purposes Of business.
Resolved That all who agree to discard the
use of Mississippi Money, unless made equal to
Alabama Bank Notes, do subscribe their names
to an agreement to that effect
AIipr thu rno1,ou Cr tbn D..,u,lJ. - -
luuons, Cor. ScorT rose and remarked on the
SIZE Of the meeting, aud rejolced that so many
persons had come cut. He had never before
seer at a Public Meeting IN Gainesville more
than onc.hIld as many persons as were here to.
night It indicated proper feeling. Nor was
this an insulated case Large meetings have
been Tor some weeks held, al Short intervals, and
are now being held, throughout all Western Mis-
sIsslppl TO consider the subject Of the depeca.
ton OF Mississippi money, and TO hold the Banks
to a strict account.
lie had come into this Meeting approving of
its object, SO far as that object was developed in
the Newspaper notice, and he was glad to find
that he also approved, substantially, OF the Pre-
amble and Resolutions just read. He had had
no agency whatsoever in calling the Meeting, or
in drafting the Preamble and Resolutions--nor
| had he been consulted on either subject. lie
was glad, however, that tho people had moved on
the subject he believed il omtuous Of good to
the country. lie regarded the evil complained
was very serious one, and trusted that an ap-
proprlatc remedy would be adopted. Its sever.
est effects were letby those who were least able
to bear II, aud it was well calculated to arouse
the classOo which had moved on this occasion.
Meetings elsewhere, on this subject, had been
characterised moderation, and be trusted tha,
the same feeling would prevail in this assembly.
lie sand he would make some remarks on that
portion Of the Preamble and Resolutions which
referred 10 the Tombigby Rail Road Bank. He
dd not approve Of the course of its Agency
which had, unul very recently. done business IN
his Town. He Ind nothing hnrn N IA ,.,ih \,