Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1839-11-30
From the Globe.
BANK OF HUMBUG.

HtRpScRABBIEvILLE, Nov. 9, 1852
Ma. EDITOR: In your paper, few days since,
YOU took occasion to make great flourish OF uuhl-
pes in praise of the Bank of Hamburg, producing
i 'the very best conducted bank OF Europe ms
may be true, for aught know, but latter myseli
The bank of which have the honor TO be president
can hold candle to any institution OF the klhd II
Europe, or any where else.
Il is called the Bank Of Humbug; butt pu'poseiy
refrain from giving its precise location, iof lear OF
bncinra run On ii for specie when we resume again,
wHch we intend to d. as soon as the Loco foeos get
over their absurd prejudice in favor OF specie. Oar
bank IS an honestly begoten, true born 6aht ny oil
State legislation; and owes IT'S paternity 10 CHAM
narne, canvass back ducks, and boring
You viii observe, gentlemen, Il IS the easiest thlhS
the world to establish bank on basis OF capital ;
bu the great secret OF our system Is to bank without
eaniia To erect house on rock IS one tlAhg +;
but to build castle in the air is little beyond your
yuIgararlsts IN brick and mortar.
The Bank Of Humbng never had, and never
means 10 have, any capital, winch we consider
great incumbrancc, as produces troublesome ana
movement capacity for paying one DEUS. II -
moreover quite unnecessary, as Inc Jaw ohY &c,
sires Thai ,be capital Of banks shall be secured
10 be paid Tins clause IS almost Indispensable 'S
aay system because, whether thlng is secured Oh
scientious man may safely swear positively toa TACT
which be believes 10 he possible.
Were to initiate the vendors OF quack medicines
lsbosll keen our whole system profound scorer
but nav regard 10 The public interests anu the Soo'
Of society outweirhs all seish considerations
will thcreo,e proceed 10 a development OF my grea
credit system. for the benefit OF the rising genera
ton, Like all Other valuable Improvements, III
hing is very simple.
Oliver Caich2cnny, Peter Picayune, Paul Pan
cake Ebeneztr Pluck, Obadiah ShnpIaSlcr' nc
Paddle, Tom Tophe,, Abraham Closelisl, 90
pben Skinnlnt, Jonathan Slippery MicaJall En-
wings, Samuel Smahrash, Orson OveneaeL, az
Blrlabas Sweahard, being actualed soey ~ =
public good, design TO invest our surplus cap.la'
banking, We raise purse-upon tick--ahd Siia
lrash, being the most expert borer, or lohoy nta
oer' among Us, is despatched TO the caphal o. y y
State 10 procure charter, which he achieves by u
application Of three irresistible arguments
pagae, oyster suppers, and scrip certiiieales'
| have promised that none OF us have any cas-
individual credit, or real estate. Az our soma cal
"a consists Of our wits and The basis o. our sts,c
spabic creduIty. We az, however, IN e2cTie
credit with each other. Accordingly having disl
ou'ed the stock among ourselves, Caichpeuhy ~
ms note for the amount subscribed by hnseh G
1orsed by Calqhpenny Pancake does the IKE
Pluck, and Pluck 10 Pancake; and 50 on ", f, /,
capital IS all pad in, OF secured TO be paid
S"earfard then makes affidavit to the lacl' ana
0ank goes into operation.
You will perceive, gentlemen, that we had no
cen, OF capital, in the vulgar sense Of The word
Is there was NJ business carried on in our VITA
Except little trade in shingles, this was Of no
p Consequence. We had higher objects N VI
nan merely TO afford facilities 10 the merchants
we proceeded on the great scale OF BANKING.
fought up all the potatoes, another all me but
snoiaer al he cabbages, another ali the ehfng
aholher oil the manure and friend Pluck signalf
ufnself by achieving monopoly Of all the chick
=: y, NE neighborhood before they were Matched
aest we held BY means Oh bank laci'ides til an
meal scarcity was created, while the honest Ia
.fs' hivlng their own debts 70 pay, were Obliged
a ~ what they could get We built houses hor
dfms' bounded cities-fFom one OF which dale
aer-set up equpages, and made the poor
us almost die with envy al our sudden prosI
Iesg' haa-NS ongef the heart 70 labor, se'