Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1839-07-06

Nor hlvctse State Blnk> net or expectations
They have tr,m time 10 time been warned OF The
example ana fate atthe Bank 81 The ated States
and ,hev Cos, have turned a deaf ear 90 the Vocc Of
reason and justice.
Ibfy have commenced banking operations With
ont soai captal issuing post notes. winch SION after
their ISSUE, bscsine 50 utterly worthless That they
have hceu offered by the bushei measure lor inca
sure, lor seed potatoes.
They have sold their coin for a premium at the
very time tley were refusing 10 redeem their notes,
They have issued notes Of different denominations
css than one dollar, which deprecated IN the hands
OF the people, and become the SUBJECT ol ietisiot
under the uamc Of SAiRp!dsters and Hd Ca
Currency"
Some which have succeeded ncstahl,shing tenn
porary credit, and have blamed circulation 70
their bits, have made large discounts ln spectators
enabling them 10 monopohze many articles Of trad
as well as the ncces>aries life, and cause them Il
BE- sold at tbc most exurh aut prices
They have combined with companies aud ,ndiyid
ual' 10 speculate IN Public Lands, To the prelude,
and rum IT honest and worthy settlers.
/ Many local Banks have been convicted uf III,
groSsest acts of fraud and some have had NOR,
| Than ono hundred thousand dollars in circulation
! without having oGe hundred dollars in their vaults
They have n some caSAs positively refused 10 re-
deem their notes Ia com, after having advertised e
| the world that their means were ample to do so
| thereby suffering their notes 10 deprCclate IN III,
| hands OF the people,
| Doriur the time Of The general suspension Of a.,
Banks, Directors and stockholders purchased stool
and bills of their Banks, at one hafof their nonina
value, and afterwards received tie u amount from
the Banks, realizing profit OF one hundred per cent
| at HE expense Of honest creditors.
Without notice 10 tie Government those banks
which had the custody OF the public monies, eiused
To pay any portion OF the depOstes ~ constitutions
al currency 10 enable the Government to pay the
Revolutionary Pensioners, aud other public credit
ors, obhgng them To receive payment IN deprecated
paper or permit their claims To remain unsatsficd
until the President could convene Congress to pro
VIDE ways and means.
Banks whose characters are thus marked by Il
many acts of fraud, injustice and corruption, are I'M
lil depnsnrcs lor the public treasure and the cSs-
tcncc of institutions which actually practice such
frauds, injustice, and couuptions, IS dangerous ia
any government Iouudtd on public virtue. We
have appealed 10 the native islloc aud ungpanimilS
! Of those who had the direction ol Banks, aud W.
/ have conufcd them By all the ties ol our common
kindred, 10 discontinue those frauds aud usurpatons
which would eventually dissolve our connexions AND
correspondence They too have been deal To III,
4 rcmonstranccs Of Justice and consangnnlty. We
must therefore, aequicsee in d. necessity which de.
mands the separation OF Bank and STATE.
! We therefore, The RrpRLsLNrAtivIs on rHosr
+ VINO RESISTED rHE rIRANM OF THE KING or GREAT
/ BRtruN N times past, appealing 10 the Supreme
/ Judge Of the Would for the rccillujc Of our ntcn-
tons, do, in the name Of soyefelya People, solemn,
| " publish aud declare That these T. States afe
ahsoycd from oil political conneNion with any Bank
4 whatever and that there should be- established q
/ FREE AND INDEPENDENT TREASURY
possessing luIl power to collect the revenue keep i
on drposlle and d.ehprsg tle game under the dIeg
utti IN dtth dlu lHR1 WillCH ~ I4'DiSi iSAN
/ DENT TREASURY may Of right do. And loi
| the support Of this declaration, with firm reliance
on the protection Of DH1NE PnoylprNcn. we mu
tuaIlY pledge II each other, our vcs, our fortunes
! md nnr saefcl honor