Madison Whig advocate. [volume] (Canton, Miss.) 1839-1841, 1839-02-02

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tsft,rH e5faaas1 WIN ae consider te
i.amfb,s r.ouc,s ilai fhht batk bed io f,.
fs,n f,I rIfr.Ittan, nHl iaf Dor paFef Doe
roi advanced H value, wo cabnJi believe
oihefN le. don dot fraud ani speculation N
the dar,,ti ru0fs has been prchcrd upon
: the pfoPlr hiicr fho hrrgY lailufca Of ibf
spF0us a 1891, phen lbe planters @ele Unable
ss-- H0n,' f0WJte mclcbanis, rs advance
i'5n 'ht.r ctopf,-tho Brandon Bunk stepped
81 ttc piurr ut tho merchants, and commenced
ste bes.HeH IF advancing On eUf1n THE
Bank continued that course iot ono year, ant
10 ihc statement u The officers is to be credit
cd, no notes were discounted bot tboso that
were rrcurod BY tho pledge Of cotton, md in
no case wns p greater sum than $40 per Bn e
advanced. Now IL the operations Of tho Bank
trsre confined exclusively 60 cotton, she should
surely have been able long since to redeem ber
circulation, unless, as we have stated, "cor-
ruptiou haa been tho order Of tho day"
We have no boubt bat that notes have been
discounted upon pledges that were never full
flled, end that greater amounts Of tho paper
have been obtained b. the promise Of more
cotton !hnu the Fromisscr hnd 70 deliver. But
notwithstanding Ill tile, wien We consider ha
immense amount Of cotton shipped by TINT
Bank, and the high rates ut which sbc disposed
q her exchange sccrung thereby, We are u.s.
tonished that her paper should continue 20 Dc.
preciatfd IN value, aud 70 much still found
Aaaiing upon the surface Of circulation
II the exchange arising from her cotton bad
been properly and discreefly applied, she pos.
hfaaed The mems Of rodoemina almost tho
whole 81 her circulation. Then what haa BE-
Gene Of her ozebanacsl We hive heard /
said, md we credit The report that il has beer
ustd by tho ngenta and directory Or The banl
for the purposes Of speculation. We do no
believe that all the means this bank had, nnt
may now have, has bcen applied to IT, prope
usc--the redemption Of her notes. Even nov
at every shcriifs and Marshal's sale VIC SEQ III,
agents Of that Bank lowering around buyiui
nearly every article that il sold We do no
object 70 this because property thereby is sol,
~ better prices, % the contrary we wish 10 se,
every particle Of property sold under the ham
mer bring lls full value. But wa would Tx,
10 know how these agents get their money
unless they draw the Brandon pnpor from III
vaults VI that halk and shave il on Tor curren
funde, o. thai they draw tie good funds itsel
from the bonk' One 81 the othcrcourse mus
be the ono parsued, and let it be either, ii i!
alike discrcditabe and violation Of the con
tldence and rights Of the people OF the man.
rim which that bank has been conducted,
the people know nothing, and learned nothing
from the stockcd and tribtd report Of the Bank
Commissioners. But a day Of investigation
will come--and We hope il viii Gene shortly
when all will be revealed, unless It shall b,
fmoihefed beneath the ruins or conhagratiol
done by It's own officers and conductors.