Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1839-08-06

oo which under the Banner Of
.. 1907 ,d Re,renchment, and for. the
rbrnl, an opposing Power, to act as
srt Of ~ ar excessive issues, and cor
sstrciOs. ~. ~ State, as well as National
cOf o. has sprung up, under the in. |
pr'acy 7 uncontrolled Power, parallyzing |
rnce = io,erest Of our State, and redu-
best n la, to a State of vassalage. |
* eg o aat tn the rejecting, of all Parties be
y .n n when they cast an eye over the
s'on ;ng exhibit, viz,
loE ,eSO. Planters Bank chartered,
ID l'0O' Capital $3,OO0,O0O |
1898 Sundry Banks
b'fefeeoo,s do. do. 22,450,00O |
70 loSo' do. do. 100000
% l9S, Union Bank do. 15,5OO,OOO
u , ,sSI, Agricultural Bank
d onun'raied' .~. D,o0O
r,, amount Of chartered
al Jany, LIST, 1889 SoV,|oo'UOO
c'2 p, which i5 add unchartered
Real Estate Banking Capital lo,oOo,OoO
On, total of a rulnous and
,,Sn r currency 1o,Zov' SS
's Ts.,ever may be the opinion ana ieel-
WIN " democracy on this important SUBJ
ng u De- 4 remembered, that these Bank
fcl, .. - we're granted, when the Wing
cn l,,' we're sirugglingin an almost hopeless
mI o. a,ore. In 1880, when the benign
ola National Bank was shed
r 80 Union. the State Bank Capital of
m rbole country, was but ONE HUNDRED
IN TEN MILLIONS.
Nv =, ' Isa9 Power uncontrolled exhibits in
10 State Of Mississippi, only, UPWARDS of
S '. n, Ere Millions. Showing the fol-
oT DE- controlled in 1880, 1I0,l92, 269
powe, uncontrolled 1880
"a 1882 in Mississippi only, 75,25O,0OO
This balance speaks VOL
.,., $34,942,26s
Ro, the evil does not rest here. If the
,,,ense incurred in transporting produce
- market is a fair charge against the pro-
1r Of plantation, so must the ex-
osr,es incurred in keeping up these bank
mo Institutions be fair charge upon the
Iour of our State which constitutes its
ve,tb. and which must necessarily come
nt ofhe pockets Of the laboring class of
The community.
According 10 the Bank Commissioners
Report, we find the following number of
salary officers attached to the chartered
Ranks Mthem examined: 2O3
To which add for the Union,
Ba1don and Agricultural, not
included in report, and for Real
Estate Banks, CT
Total, 27O
Give to each Of these an annu-
al salary Of $500
which is a moderate calculation,
and il amounts to S430,OOO
To which add $4,000 annu-
al contingent expenses on
chartered Banks only, uclu-
ding this expense in forming
which makes, $4,000
Md contingent expenses on
all Real Estate Banks at 5000
Amount Of the annual tax on
ibe labor Of the People, $4,000
which taken in connection with the demon
a.zng influence, created, by corruption
and misruIs, eNinating from this source,
rendering Ou, currency worse than spu-
rous, inasmueh as It is already tinctured
with fraud, by the failure of some of those
Institutions, carrying Distress into the
ranks Of the mechanic and the labourer,
who are the first TO suffer; can we do 9th.
trvlse than expect, with state credit at so
owan ebb; a scene Of distress Unparallel-
ed 1.-THE history Of cur Country.
With these facts before them, viii the
People hesitate one moment, to throw
aside the scales of prejudice from their
eyes, aud, with heart and hand, set about
apdIcous reform in eur monetary sys
Nn.
Join cRUsoE.