True American. [volume] (New Orleans [La.]) 1835-18??, 1839-02-04

SO'l"'e''" ''o''.." '' $50 " |
'po"es' anu rev wI"'"y ~" i"suepo ~ IN ~ |
ahtass-, mat are ae"'sG u wnn''u no". ''e go
as, OF ,ne people. we 1o. oI'es' : ~. ' o"
ne hunareo doa's o. an nu s a
g no1 announcer OH our "''sn' o "''e 81, v'.u'e" wv
rs o"'n l.oAsus " pay vi ue s' ~, w. MI o
'r two years and then present mem Tor PAYMENT {"
ar we oenan" s~ss h ao s tr =.
'ght per cent per annnm. While from the oanr. a'a
We can nv Ia" demahd Is smpy me a'"ouh. Vi .'e
o.ss. mus 'ne ~ Q. oank, can
ne,r noest any amouht N y Gun issue WIN sn'sy,
nh oe 'iao'c 70 no payment OF ihterest. ney pay
a'ary OF oahn or purchase lands ana give !ne'r NJ
payment. lnese notes are received ana 'rans'eIIeu
.npuI aenaaa of interest 5e,ng MADE ny me ,e
Il hank note was dated, and specified IN lis lace t"ss
oo'e 'htetest from dae' SO that every ye'. w'u.
grow larger IN amount and when payment was "e e.
II 4 could not O. met, the private properly
each stakeholder should be liable TOR us r+de"p'lo"'
then an Incorporated company would nave no aaV"n
tages over their fellow citizens: suppose cz.! ~
inc state makes purchases Of real estHe, OF nu'us
nouses' ami pays on IN MS own NOES. que on uel's
ms paper may pass throng many hundred nan"s, anu
may remain out for several years. yet when Is nnay
presented Tor payment, it is found mas grown .srgf,
every year IN The holders hands, and wheh
has to be for the full amount Of PRINCIPAL and INTEREST,"
Nov, under republican form Of government VIVA.
right has the Legislature to grant privileges 70 one Class
81 citizens in corporate capacity nat oenlrs 10 s
private Citizen who has 10 bear all n's proportions "
the burthen OF government What right mas tue Iegs
lature IN Tree community. Processing 10 Ivo u.uI
equal laws TO declare that nifty or twenty men nhse'
snail have power 10 craulate Their notes re o.
and 10 shield their private property from AZ ilay or
me ultimate redemption Of their nOtesf What rg HAS
the LEGISLATURE to pass laws Tor the bene Of one
Of citizens while it denies the same privilege to anu'her
a"u much Inc LARGEST CLASS! What Hent nus Te les:s
lature to draw alstnclons III iree county. nu'H
the people!
AZ the Legislature cannon now uhoo VIVA! .nev nave
np'udeny done|as they cannot annua existing c.sI
!ers let them me on,y avaiso!e ""o ' ,%
-, make "anKie Per'ec"y 'iee 'or u" WIN "a'o ''S
means sn anu choose ~ e.noaIk ~ x:n;.u r.ra
grea ooc' ny es o"nS ,o% IL e. T., ,s
against Two esis, VIZ: me pup ~ ,'eu" " We .'aa'
ana ue danger o' loss ny tte o,'' "",u' soS" r.
po.' ~ ."tsr MEETS r 'e sue s'u a'u H., da
nonos' o. as ~ s"'l:. ",n"';n t, ~ wv ~,
MANI OF purchasers IN sizes Sary'"s IRON, ~ Nv
-ann ,'tS' eu esuose ny ts te 'suei ~ s e ~,
VINE nc ace y. t"en s'uiu eou'a ~ r 49, .rh liz
nun Of e H'ae ,o IN, teiI M s ~ ana;ns, mn
W"u s % ~, ;,la e a "s Iii ~ ;nd;.
po , ~ u I:n ,a .'I -, 1 S,o,a ha ,i w.
V'duas lot nkihs purposes, 'e 'he Sta'e ue wen ~
cuIeo !o ne & elmer on M o e. nc
~ u"upe vi ue:e ,r :" ~ H.: ~
. ~. W., ni a..,oa III .ho .,ni% os.;hv mi
sI Nv r. ~ hay ps'so1 WY ~ 'p - LIT. "a ,I
S,.,a vonJ Ie narfscv sscurs rh frse banker
showing i''u IL" uoIe' III MS PfSa't 'o.'ue, Uu'u W
ot ~dao DC no.J ossl I ~"
t: 49, ,hy uu $500 80 ~ c.ps,;sad ,ho;r
N"o~ns US my "ou.u "p"ese, '""on ,
20, "u s," INV, ".
ase'''e"t al IT, i '.. ,Ia"'s' .' ps,o.
1 won,o Ut sci u"aei ina w",, su
o. ue pann, w"ch seems 10 I'VE u" "'.f"u s'u'
NOT so ~n ,ne nee bankerIhe coalo NOT lav'sn HIS
p'xA1 .i""e w.; ie s' .o'. sinai s Liz
70 inc natd wo,ng an1 asor'ous GLASSES aros'
"no ""uu :s 'ucu run t''e "iS'"u"s u " n:
| ny ny tec"''oa' iuIhs any "avms su.' ".."s
P!me'le !" su"'e nun, w ln,nl ''e.y k'o"ns u I
uu9! aIu circumstances .! ms losnuot. ne eo"u e
tend ihduigecies 10 MN, IN trying suat'ohs WHEREIN
'he uan*, ~ sou,'ss ana !u.e~' woul 'oto pay
nen'; ana crush anu rum us ueDt9r. ro', uG ret'.
bered' mat among '"e DINER exclusive Pfvneses 'hey
nave leave srmea tn I" So'!et ne,s aen,s ~ Inc
'host summary MISUNDERSTANDING II they oeco",e ueo'nr
and cItzen Is forced to sue them, must Dc oy Inc
"'1s. ea' ~. s 'o"'e , anu S.uS ae'ay.
~ cenvse ols .a,ew,o c " .,"ds nnd Inreed
manic fars like ;ncornor,,ed honLs Win The i,,tt
the fear Of run ia forever before ,he,r ewes because
they always have vast amount in their circulation
greater than their capital stock paid in, specie on
hand consequently, if run il nude they have immc
date'y TO contrast: ca" u their dents to meet their ills
"eluIe eir sPtcIe eA,a'ssd' or 40 "hat ney some
.'L ,he a. h,ntsI The Hi hds a "'"d naap ~
rnn unon him hrvwond lnoL IN The stat. FIR
cnrity and moi 10 m He would have M mnt;v IN
TO undue pansiuns or cnutractons even If he ha,
the power, and his Influence exerto at all in Ibis
way, it could at the worst only act locally, and no
lnvolVe whoIe otae 70 the ero'is loss OF bot the IN
tioca"t u''u euNy' rse" 'ne sue coha'neo !""'
,o d ~" oe oa 70 "ct sc't
ouentw foliow ,br ac,;on NJ hants Th
free banker would fear no run and wouJ have M in.
cause of undue contrac ton On the contrary the car
TO be rcsed in the cement of his fortune
would reqnr" Inn to be very prudent in his fiscal
|
ing orera''ns msGarfeo, ne alone wnnln 1us'y sui'
-, w ,.ouh LII, h r.~,. u I'll III .u Is H.; g.
ura M NAV m, 90, of nan ourbt =, he a. c,ans
ten, 10 mana mans financial affairs "A he is h;mse
No board of directors are or can he as competent to d
rect his ape, atoms in his business mnni affairs
es We always hnttlat the community suffer 'ess,a
iho'''eua's a1e uos' p.osPer"ur, "oen uey are &c
. m"I II. c ~ , ,s;. e" Nv, Mheh ,ey al
onJ mot cordnc, N'0 ~ " f'"'e'
Incnrnor,,,J ;,sti,u,ion. ~, o,lr dis,o,so ,
5 fovors Mt hes, The civ or ,own in abicb ,he
I arc Ica,ed seem IN enov re,r,vnU ,h.;r srnsh;n.
ubile ,hp ureo, mass cuI,,va,ino Tho su ,r a
. r,oycd a, mechanical trades in rho ;n,sr;or soo,
:, ~ he rffec,uaIIv excluded from moi, m ron,,o
This wond No, he the cnse undcr n austen, ,
L. free ba,kinu Free bankers wand snrinu m 8;
every nari-h in the s,ute Evprv oar, aud ~. ;,b
hourh nod w,uld share in the benefit ,r tho
The small cutiyo,,r the In work ,,o racf IN;
the husiness man ol small means ,c, hie la, IL c,
in any mar, If The s,,.s i, ,n;uh, b wand s,,nd
4 chance to have the small loans h. needed IN carr
on his business prosuerously. svpvl;ed 10 him.
!. The small cul,iyo,or could ge, few hundre
9 dolIars-,he mechanic his little sunn,v and m
= industrious merch MT his ANAL hu, ncccsso,vf
litcs And the free barke, who would max
e these loans n his ne;oh1ou,. xou,d he non, ,h.n
md understand the sl,ua linn NJ his dah,ors 60 we
,ha, he wand find tba,, f,ll 90 sIa ~ h;s h. =
: a. The ;ncornora,ed han, woyd nd tho ,,or,mn,
10 debtors whom ,hey have fnvored with millions.
, course whose stream ia cnntrac,ed and rand
some places lille at other times and in oib
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