Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1839-04-30

MEETING IN JACKSON.

MEETING IN JACKSON.
Alta large and respectable meeting Of
the citizens from different parts Of the
state, held ia the capitol at Jackson on the 4
llth day Of April, 1889, Col. Coopwood
ofMonroe county was on motion Of Upton
Miller, Of Kinds, called to the chair, and
upon motion Of Gen. II. :. Eoote, Upton
Miller was appointed Secretary. Alter
the object Of the meeting was explainedin
brief but able and appropriate manner,
The following preamble and resolutions
were, afier full and free discussion, adopted
unanimously
WHEREAS, in hemonth Of May, 1897.
the banks Of this state suspended specie
payment, andin consequence thereof, eeass
cd TO extend the usual credit and accom-
mediation tothe citizens: and whereas, the
BUSINESS Of tire country had been based
upon those accommodations, and intact
IN great measure, had It's existence from
them. Upon the suspension and cansc.
quent curt0ilpeni Of. the circulation Of the
banking institutions Of the country, The
citizens were wholly deprived ofthe means
of sustaining themselves IN their engage
ments, and of preventing almost irrctriey
able ruin 10 themselves. and their fa5nlies
Ia view Of this state Of things, tie Il.
gisIature, n the plentitudc ofstheir wisdom
and magnanimity of feeling, stepped for.
ward and inierposed tie credit sc the
state, in the creation Of the Union Bank
as the only tangible means of credit, to.be
used to dispel the cloud Of ruin which was
lowering over her citizens, as well as to
secure to her sound currency.
The people Of the country, ,confding in
the benevo ent purposes Of the Legislature,
as expressed in the law creating the Union
Bank, had hoped that they would be re-
lieved, and confidence began to revive.
1t cannot, however, be disguised, that
the beneficial results TO the public, entire.
" depend upon the ability, prudence and
energy of those to whom the Legislature
has entrusted the execution of their benev-
client purposes; and a crisis has now ar
rived, when prompt and decisive action is
demanded from the directory of said bank,
or the most deplorablc evils viii beipfict.
ed upon the country and an opportunity
TO effect much Of the good expected win
have entirely escaped, The property. Of
the country will not only have changed
hands, but at a sacrifice which no comn1u-
nifty can stand, and can only be forced to
submit 10 by the strong arm of the law
With this view, it is. believed that it is the
duty Of the bank 10 extend, with alther
strength, the hand of relief to a distressed
community, and prevent. the unavoidable
sacrifice Of property which must without
such assistance inevitably take place; the
result of which will. be to place the best
estates of the country into the hands Of
brokers', WSurerS and ShGUerS. The law
establishing the bank has confided to the
directory the ful6lment Of this high trust
and to It belongs its execution. With due
respect, we would beg leave to suggest &c
tho directory, the prOpriety of issuing such
an amount of notes of the bank, payable
at such times and places as will relieve ths
people from their present embarrassment
and unprecedented distress-keeping il
view, ut all times and under all circum
btNACESS TUG lut6IGSt anu HOuOF u lllG.S ldA6
TO this meeting, it appears that the banl
is amply able to effect those objects.
Isl: ResOlUed, That we believe the fore
going embodies the wishes Of large ma
jority of the peopleof the state; and tina
it is the deliberate opinion Of this meeting
that without liberal assistance from tn
Mississippi Union Bank, the great pIantin,
interest Of the state will be FRUSTRATED.
2nd. ReSOlUed, Thru this meeting con
fdcntly anticipate the speedy establish
Inent Of the branches Of said bank.
3rd. Resolved, That the chairman han
copy Of the preamble and resolutions
this meeting to the President of the Unio
Bank, with request that he lay them b,
fore the board OF directors.
4th. ResOEceG, That the proceedin,
of this meeting be signed by the ehairms
and countersigned BY the secretary, al
that the papers in Jackson be furnish'
with copies Republication, and that all p
Pers of the state be requested 70 publ
ahem.
HOS. COOPWOOB, CHAiRMA
UProv MILLER, Secretary