Southern marksman. [volume] (Clinton, Miss.) 1838-1839, 1839-01-01

leavy per cent, upon ordinary retail good
honey cash prices. The merchant is not
Q blame; for he, under these circumstanD
Iss, can fix upon no certain time when he
IAN reasonable expect TO realize his money
for, although his customer may be as
good as any in the land, he has already
sold his crop, and all his available means.
for this unavailable trash, while it was IN
and he hes nothing to pay with.
This money has driven all the good fun DIS
out of the country; and the merchant in
This way is soon sold out, and has no means
left TO recruit, Do you not see how the
works7 The agrlculturalist.
Who started with the organization of the
bank solvent and out of debt sees and feels
that he has been duped, deceived, defiau.
ded; and, being unused to such operations
unable 10 discover in himself any want
Of foresight-he knows not, nor can he
guess to what extent these operations
nav be carried. He is distressed, unhap-
W, and unsettled in the course his interest
requires he should pursue; his mind is in
ssnsibly and irresistably brought TO the re-
objection of the history of some broken
bank or other in some one of the older
Safes, and, in state of alarm,. he sells
oot' to whomsoever will buy at whatso-
ever price he can get, and, perchance, a
"branch'' of the bank itself makes the pur.
case; for to such degree of science is
the system reduced, he has no means of
acertaining who are and who are not
banches of some establishment or other.
O. perhaps he sells TO a borrower of the
bnk, who helped to "endow it with credit
ard character" The merchant, who has
ben selling altogether on time, has ex-
hmsied his stock and lost his own credit,
ard. although rich in resources, is sued he
finnciers with the attorney, and the plan,
ie and laborer pay the debts of the mer-
Chant in good money, at heavey and ruin
Gus costs. Don't you see that the loss of
depreciation falls most heavily upon the
INDUSTRIOUS and unembanassed portion of
The community? The merchant, by the
oprations we have described, has lost the
god will of both customers and credits
orr Out of goods, out of money, out of
creiit, out of debt, and out at the elbows,
in self defence he becomes banker him.
sci. Not understanding the art Of bank
ing expects as "business Transaction"
forwant of patronage and ''endowing pri-
,yilc,e.,n is soon compelled TO wind up,
(bih and plates mlnus,) while the pol
ishel modern banker is 80 deeply schooled
in Tie science that he is enabled to re-
vel With his eighteen hundred dollar equip
pag,in all the luxuries of the South,
hlerested menl may reason beautifully
and elOquently, lyea feelingy. upon the
deeplnjuries such banks receive at the
hand Of the people; but with all their be-
stowl of (acknowledged) talent. and
avowas Of candor, neither the head nor
the hart oft the matter Of fact man is con-
vince. nor will he be until he is relieved
from he influence of the calling chains
OF vasalage these agitators have forged
for anl would fain fasten upon him, and
smile he while Are the'good old times
goneoer, when the man of money, hard
earnec6nancial talent, and integrity above
snspcon-whose sword would stand a.
agains the world''--will no more be cho-
sen aslhe man most suitable TO preside
over tedestinies of moneyed lpcorpora-
lions. Or has the time arrived when the
man NO is most thoroughly schooled in
the seI1ce of intrigue--who Is best ac-
4uaIntd with the art of juggling-who is
most pfoundly verscd in the secret of
maklngnen his tools without their knowl-
edge--ho is most deeply embarrassed
hlmseIf'hat he may have the more zeal
IN The case--wbo has tact enough to make
good me believe him honest-who will
be seltacrifcing enough in small matters
to glVhmself character for disinteres:ed
llberaIltt-will be chosen by professedly
free peoe in his stead. If we have ar
rived atls degree of degeneneracy, hut
place In lie hands of such finaDcier two
or three newspapers Of different politics,
that will certain to quarrel with each
other oa1auers of small import, and one
under Immediate control--give him
common over one bank--permit him
to exercise controlling influence" over
one anothr-with an able legal adviser
between TEN, whose salary shall be
high othce-and whole district may be
bought antsold, and the rights of freeborn
clt'zeils Npardized without their knowl;
Edge. ~
se s se.ls- u THE PLANTERS. s
IN examining the effects of Banks adj