The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1839-07-13

rs Judgment $4,000 90
TIE. Z bins & Davenport,
One word m IRE a. to Mr.. Benton. He was re-
presented To me as large debtor ~ the b iak sad
under protest!
Who l. Mr.. Bll When 10 vckSburg, vas
lul he OF the try dealers 10 The pl ice,
aud bit three years since clerk in b INK. Ia Mr..
r bias state nenl In The Vck,birg Wing # the
i7.h ultim, Mr. B i'll certii.s himself, that lnriag
the alniniIra IN OF Fhom Is e. II bins rs @ ,shirr
Of the z ,lro al Bins, his ben eug ,gei A. i ge-
neral book keeper, A. I, hin, I make no fur. her
comment.
Sue are the indivi,u ia who stand forth and
tn a. my name Is abaoxnuSlo the IN as Of The
people throu ,hout the U ,ed S,ite>, and die 10
you what you may do, and tell you what yu,, snal
mol do. r." .@.@
Having stilth1s mlch, principally In relation to
myself feel il my duty ~ some; hing wh ch
Concerns the interests the stoc khohirrs il
they should no lnyer remain in "igaoranee0f lie
truth What / d say shall b. Ia the spiri ot
dor and in the language Of truth--ialli = 81, n,
rather than exaggeraing IT, That your int e. Is
have suffered, and are sill suffering, from the gros-
se<, mis- management, is p Up be and clear TO my
mind. On my way TO V,ck>bur2 when more I'm
a thousand niles of, | I uad il sar Of by-word,,
when speaking Of the B nix, "the directors have:
gr all the IN ,ncy." Thi, I'd, hvthe intor nation
ID. .neI while in ctsblrs TO b. rNi'i a. 50 tar,
as that many Of the largest deb;urs are present
were late directors. ." .,
Who compose the present direction and what is,
It's character for efficiency will state J. J. Chepn
ing who does no, attend The meetings OF the ard.
j. II b Or for about hundred thou anl dollars,
and r,-r prote>, ia ths Bulk, W. II, B'atoa, a
d, bor from twelve {, twenty thou sand dollars, and
under proiest ia The d INK. Hugh Campbell who
resides forty miles from vics>burg in The country
.Jts f Darts, who resides abnus twenty miles be-
low vick,b,ry. c. y. Grse,, who resides fifty miles
in the interior. w. c. WItter, a vaing Lawyer.
q W Bal, one Of the Cashiers cert ifcate makers rs
have a'reads Sh WA A rircv Htyars who re-
sides ia the country onlhe Yaz,o river. j II. mr.
rison grocer, ulirr pro est in III. INK for large
am rlnt. .Jt&gs Ttgtyr, a debt " To the INK b.
tween rweny and thirty thtnss doll ,rS. and Under
pro;es, 10 il. The late Acraadsr MN il, The ials
President was d. b or fro ei ,hly one hn idrci
thousand dollars. The am nm Of tn. debts being
stated ITO the best inform ,ii:,u | received may be-
nlccur L. If ST. VII N the committee who were seat
nj Ike their p.part, The mans will b.. al hanl I"
correct the n. Report chirged that every director
WIS under proet in the btnk There my b. ex
cepi n~, bat Suspect it is pretty near the truth.
By this inc the stockhol irrs will prob ,biy b.
'be 10 real tht cause Of the prem ture actiol IN
relation TO myself, whereil the direc or' resolved
"ihlt the of,e # Pf.s ieat as ov hliei j. Ia the
e, >atist,cii "a Of this B,ra oil Direc or..' -
The bylaws Of the B INK lee are that =" dir :clr,
ultttr protest, shall nh b. permitted 10 attend The
sessions Of the B, tri" Fl a b.ea elected 10 the
Presidency "i the Bank, certainly should have en-
forced the rules,
IL will b. seen think, that in reality til re is
hIrer III; NJ o1e 10 enforce III ~ nent u b,S
da. tr, The directors but h lShi r. VII, il b rs
b'ea n IVA has recently ga. 10 INV 1T hr direc-
tors m Of III. trs.st i b Of The INK, To
funISh him vIrnshing ce tiicites. So far, how
ever, as he acr, the Cashier is supreme, a is
shown bv his own statement. wherein he S,y>, Nh
haad frI rais.d VI. Ctcraiagto a stniioa Of trust
,he 4 dariag ny a, .es S, grossp p'rre,ted" S, in
respect 10 myself; WIS crediby informed, that on
the morning Of the d,v IN which The final acnon of
The directors to * place he vaultngly proclaimed II
am going 10 send Whitney home to-day"
htrIlv think n.ei al lu:e an Ting fur her
10 convince every one inter, Sled, Of The nee sshy Of
an entire change. Such " IS the uhIv-r@al opinion
of III. ial.o-n lat All intelligent pc ,pe won |
could give tn ,e which me ualer m! notice.
You viii nalnr,l ly begin 10 inquire, IS our
stock worth any thing al all in The Bank 7
To this answer, thai fr,n The beI lat ,rin hion |
could obtain, and II was from some vi the oldest
residents IN the PLACE, well acql tinted with the
great IN IS oil the ctb orsor ub'igor> 10 III. nt, tn II
II the proper and necessary measures are t,kcn by
the Stockholders, the ,>seS which will b. expe.
renced lily b; the B AK will be very inc,n-
siderable. The first AMI ma NJ rtant OF those
steps They sail, va, entire Grange in the adm
ni>!ra ion, and the substitution OF one which would
exercise ri5or where the lerest of the B INK de-
m inded IL, and cy end iniuy eucs where policy die
rated IT, That you should have been deceived in those
in whom you rrposed Confidence and ciathed with
your power is not surprising nor any thing,
bur iadep-nLcG IN N have not b,en PERMITTED re-
Gently AZ tar as c,ut learn To hold seats 1T the
B ara Of Directors There i, | vas assured, no
Lack OF IN ,teri4l 10 Tor proper Board, aid al this
mon.nt on. IN b. selected comppS OF indepen.
dent bn less men, who will CO rSen to go int new
3 ,lrd for III. sol purpo, OF aiding in Te>n'ci al
Ing III INK, thu the diScreiit NAV b. averied
which will other Use fall on the place, in which
they mu" participate.
Another measure Is, to obtain means to enable the
bank To do an active business the approaching fall
The bunk Is now In a condiiu similar To n mer-
chant who had been engaged in extensive business,
giving large credits, who, from som. cause s,,dd n
" stopped business. All experienced merchants
know how difficult it is To collect from deb ors their