Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1839-03-19

#Alef over the cl
- - inle1Lonof finn
y rom Tine g tine through
.hat WITH he opinion 3, ~
gsnsl and honesty q intention
i7n'''n inlp'io q 81,
during ne last no ys
e goRs any o,ber in.enti.s
eefg e bring about 4 hs1r
IF tie currency BIZ ealing q, +.
g support q those institution
aeaF1Ie @ pla e al honest ec
aie conns psnic, 81 70 81,
con such have been pfs4
I1's s '''a community. Il
sm free q admit Is.
worthy butlat ns
oe aciuaied hin
communication. Iihink Fs
TIE npFudent manner u 1Il.;ei,I.
a allowed IS zeal il beh co.
cal hans. e out-run bis judq
seE cannot Be more favorable /.
anI'sfln currency than Tan. Is, 49,
With sny political econon Is.
currency IS essential 70 dc
community but though
gentleman as 3 Tie truth ofils -
hoss seriously dissent 10 lisrsv...
tbs theory into practical opel
tothe relation which Banking
g The community at large. Irlst
marx that IN discussing thens {, 8.
nInicstion, and the positions
vcrable 70 tie Commercial B 3. -
happen that aught I say beam
who have conducted this institn6.
intention is not to wound tier ssF,
iniufe the institution which tsg sss,.,
viewing az do Banking imslitu6
lures Of the public VIII, from whst.s -
FHFe Their existence, and.Only ia
thot a0iH 50 long as they disohargs {,
required Of them ID Their ehartea
them exclusive privileges feel Il
every citizen to discuss the merits q
duct Of public institutions. and Of pul
when the public good IS the objssi oi.f
cussion, provided always, that trutlt -
! sight Of. Ishah therefore, use
claimthe privilege.
This wFitersafter drawing
the effect which surrounans
on the conduct Of indiyiii al & go
institutions. which be ls5 ersgsy sns 81
tells IS . eonly a number uii liIviisau.s, !,
E ing ID q JOINT capacity, s-Ee tbsn rO,s 81
say
= . L WILDE remembered then, ilst {, 7.
: mercial Bank was ushered INTO ex
the spring Of 1885 WheHthe specu
was atiis highest point, and thar u.i1
? u foT the community az large as ss q 81
) stitution Itself as fear the sequal II
b L was too liberal IN It's accon
5. This however, cann9t be attribuledlo ~
= intention On the part ofthe director, e
q yer could be their design to makeb1i III
even sl0iC ones, as the existence q 81
which are profitable to is stockhaien
depend On the facility with which g d
g make Their means available. ThatllRn'
g much financial capacity IN lhe dssuy
8, place nearly one half Of the ctpiia - p
: the shape Of suspended debt, as 81 II,I'
the case, 1 cannot for a moment d1uts
Iagree with the gentleman that sh O.
tom whichresistance IS offered biaHsn
!, that surround either individuals q isAaVt
first thrown on the theatre Of actor, an 1
entitled to the commentaries Of Al %
members Of society," Juagngthsa,h y
2 rule. I cannot see, as y. does, hOWthe d
b are entitled to any merit IBi %
they did not allow their whole csPisl b
come a suspended debt, As nearly one
nowsg True, that half a loaf Is bglis
& no bread, but if / must make ehOics,
Q ne whole Loaf The directory q l
entitled % praise when they eOlduSttis
I futon. which they control, 50 asto ben
commercial portion Of the cOmma
whose benefit hey we're alone INTENDED
the same Time preserve the interst
stockholders from any dance Of ulii
Whether this institution can Be mes
vofably BY this standard, / leave thsra
Judge That silence on this point Is
est compliment that this writer coil
s paid those who feel interested II iil !
ton. ] believe &c would have ssl1s
E these gentlemen. had Re eonsnae1 hs
E this subject
4 This gentlemans notions ue
# giinal as to the relation between DE- g
tie holders 81 ther notes Ii ilai 8
& view which a bank director might b szll
5 70 take After giving a learned DISCUS
s the nature o bank charters. be goss q
b an aiI 81 triumph % say. sEhat il
+ can gentlemen have il subscribing
stock 81 iss ppi banks and q
Offices Of directors, # they were g
ecuniary advantage from i + g
s nature to work 81 nothing A
s tons 70 get nothing but tie bar
= leu IS their time and capital