The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1839-07-13

fues under these circumstances, when they do not
expect any further facilities or f,yors from the
same quarter In future. So vi b the INK: bal let
y De inin she'd with the means Of showing The
debtors that Il j. 10 he resusctaed and ill b. able
To grant facilities or fav0rs Ia luure and they will
make exert'ons TO pay il What they owe. These
means waited are Ia the shape OF facilities rather
I AN capital do Eo doub, they can be obtained,
mi " must be shown thai, by wholns. ever gr.n ell,
'hry wili na iucar The sm Hest risk. That, beyond
douoa, can be dune, ne, d not here enter into
the details Unier such circu,ns ances for an
adequate commission which the bank could afford TO
pay, would no. those gin lem n who administer The
Affairs Of The Bunk Of The Uailrd States, and per-
maps some OF the other Philadelphia banks, for
par, take pleasure in rendering IN Sc faciiues
which will 80 essentially benefit u cir own fellow
Citizens who are Interested Ia the Vicksburg Bank
~ The exltnt Of upwards Of three million dollars.
and many oi whom prob bly, are ais, interested in
'h're binks1 should suppose there cannot be
doubt OF IT,
The ex,ct condition Of the debts due the bank,
you will pr,b bly, soon know, bur | naiher know
nor have heard OF any thing IN relation the
ditipn OF The assets Of the bank justify the
ing panic which exists and the extraordinary and
gret decline whici his taken place in the pr,ce Of
The stock during The last few weeks. Suspended
debts ana pro esied notes in that country are not
like those OF similar charcer 10 large CON nerciil
cities While in The latter they are Z, morally re-
garded rs nearly vdueleSs, il The former they are
oentimes better in reality Than the in
q bank
OF the r iilroad In which larg, mount Of the
capital al the bink is invested, | heard a diversity
Il opinions expressed as 10 is proluciiyeness from
>x per cent. per annum upwards. II The rates OF
Toll sail not b fixed unnecessarily low, think b.
You'd doub II will yield trge Interest on The in
vrStinrnt.
KIN w Of M point in the United States so well
situated, and possessing such natural advantages for
doing an extensive aud profitable banking business
a Virk>hirg. The whole Mississippi and all It's
tributary streams have intercourse with III Il place
II ,rjly a steinIb al ascends or de>cendS the liver
had res not stop there and the people localed on
The whole Of those waters have an exten i've c m
m rcal Intercourse with Wick burr. lsaw IA d had
daily canversali ms with gentlemen from FIVE different,
nes ordering the Mississippi or lis waters, at
vick>bnrg, all holding the prae>ted checks Of The
bank, who Could ,btan no salsf c ion hiteyer re-
Specling heir payment. From them learned thar,
while thy, and those sections OF the country iron
VIII CHI they came, had lost all confidence in the adj
,nini>sra,i"n of the bink, YET they all elt deep in
'erest hat il should BE- resu>ci;ated. They said !,
was imp rtant 10 the wh,le country having inltr-
course with Vck>bary, that there should be sound
aud well conducted banking institution al that place
Ga the whole, II you Che stockholder>) ndoTt
promptly, the measures which those best acquainted
and di.i,leres,ed declare are The only proper ones
see nothing whaiever TO cause dependency; but
On the contrary, every thing To lead on To- and en-
C 'urage hope. These added 10 proper degree of
plIiencs and doubt not the products Of The fertile
an luxuri ant fields Of Mi >s>>ippi will speedily re-
trieve and renovale the affairs ct The institution
fro he effects OF nJudiciouS managems nj il not of
mIl-adnn>trllIun.
Il would We en much more agreeable 10, my
feeling, 10 have avoided communicating his lhro'
the columns OF The public press; but The sub an,e Of
the assaults made on me- 10 which this is inlendtd
chiefly answer, len me without an alternative
Very respectfully,
II. M. WHITNEY.
r Washington, July H. 1899