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

he directed; he then borrowed fifty thou
sand dollars, one half in his own name,
and the other half in the name Of BROTH
er director, from a new bank, promising to
lend couple of their directors similar
amount from bis Bank; and no doubt he
fulfilled his promise. At the time this mo.
ney was borrowed 1t was current and he
invested it in land and negroes. Well here
are only two of his operations, in which
he puts himself in possession about $50
negroes and near 1900 acres of land for
which his paper is now lying in bank -
But This is not all has enterprise; he has
several other speculations on hand equal>
| ly magnificent; and hundreds of his broth
er bank directors and their particular fa-
vsrites are in a similar situation. Now
the Union Bank thinks that she was made
expressly for the benefit Of such men
Those unfortunate enterprising men who
are .insolvent and in the sheriffs hands, are
the objects of her official regard; and ac>
cordingly we find her rejecting the paper of
the most substantiai and best business men,
while she has accommodated the most reck-
less spectators with thousands. The
Union Bank protested to be in favor of re
sumption because she well knew that the
old river banks had prepared TO resume
and were resolved to do it, but she was dei
sirous to afford the gamblers retreats, some
apology for not resuming. Hence we
heard of The impolicy of resuming before
the Hat boat men ere scared away by our
summer sun--the greatest pressure that
would be produced by "compelling the
people to pay their debts to the banks, and
the banks must push the people, if they
are pushed to pay their debts" The
people, however, are q few hundred. such
speculatrrs as we have mentioned above,
| who have used the funds Of the banks.
Well but how is is the Union Bank GO
ing to help out the SPECTATOR we have in
troduceda Neither the bank he directs,
nor the bank he borrowed the so thousand
dollars from intends 10 resume specie pay
ment for some time, if ever. Their pa
per is already far below par, and he knows
that as soon as the other banks re-
sumo specie payments, he will be-able TO
buy up paper enough to pay his debts at
so cents on the dollar. And in order to
prepare for such an event or some specu>
lation equally profitable, he had obtained
from the Union Bank directly and indi-
rectly on the names Of others, so thousand
dollars!! The Union Bank we'll knew
that this transaction would have been
brought to light and she permitted the
bank commissioners to examiue her.
Now with these so thousand dollars.
this.gfgantic Spectator will be able to pay
4. Ak v,lo a. al Ill
his notes, and then his present crops will
pay his debt to the Union Bank. This is
the system of enterprizing fraud which
the Union Bank is fostering; and is the
recipient of the favors is member of the
Legislature, she will expect favor in return.
But can the honest yeomanry of the coun-
try tolerate so monsterous a system
Hundreds are now making fortunes in
similar way; and every man In the State
who purchases barrel of pork or piece
of bagging is taxed enormously for their
exclusive benefit.
We have now presented you in desul-
tory manner the facts &, principles which
are now in operation to despoil you of your
property, and to build up an aristocracy
out of the train Of broken down specula-
tors who are now taken up by the Union
Bank. We have called things by their
right names and have been much more
anxious to tell you the truth with clearness
than to write with elegance and grace
We know that your own innate sense and
strong Judgment can trace out the conse~
quences; and if the facts which we have
laid before you should excite you to full
investigation Of the subject we will have
attained our wishes. We know the tor.
rent of obloquy which we incur by thus
fearlessly discharging our duty as the con-
ductor of free press. Neither charac-
ter nor life is exempt or can escape the
rancor and violence ofthe ayaricious bands
who are bent on plundering the people.
Were we to consult our own ease and our
pecuniary interest we should take the ads
vice of many personal friends and let the
swinders have their full swing, look on in
silence while they were organizing the
means Of reducing the country to the most
de- hing vassalage. But such is not our
erament Our ashes would not rest
ely in the grave, if we witnessed de-
ception, robbery and corruption, without
raising our voice or our pen to expose
their perpetrators: and TO invoke on their
crimes the judgment of an injured and
oppressed people, Kicksburg Sentinel.
L.