Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-04-17
fcorr.7,o.a,nce eftbe H,r,,a.l

CIARLEsrcN, -. &. Aprl =, 1870.
Bank T'rickerv IN South Cdroiina--C0nduct OF a
Sgecie-payiHg Bank in Gsorgeforn-Idordfs OF
Esnkrng.
Fxgny occasion 20 visit Georgetown our attention
wa diverted by a controversy, civil war, If you
ples.se. there in active operation. The beigerents
wern the cashier of the Georgetown Bank and a
stranger. The latter, ii seems, unwilling TO pay
the summons dscour. cxactci by the Charleston bro
kc-., was making demand for specie to the amount
Of afew thousand dollars. Being person OF " elc-
giant leisure" and without a sprInking OF phioso-
pit in matters Of this nature, determined TO re-
scl,e myself into Z" Ariel waS,h the proceed
irss, and report progress.
BE il understood, at the onsst the bank ot George
town, through its officers and employees has oite.
socaim~d its ability and determination TO continue
Loccie payments; lis fnancisrs have anxiously !a-
inred, since the Suspension o October last, to
impress upon tho community tho belief, that the
notes Of the bank would be redeetscd Al the counter
dollar for dollar. and mill for mill Indeed that por-
ton Of the community, careful OF the preservation
of money morals, nv continuation OF specie pay
menis, have often pointed at the bank ct george
town a bright particular star in the siondcd
armament.
This is all very we'll as far as it Foes, an were il
reduced to practice, II would certainly ne very
praiseworthy, bSt to our purrosc.
The cashier, after several important hens and
haws, ella Bombasies, assigns As reason for paying
each note separately, that we issue each note by
itself; ergo, cannot redeem but osai time"
lie fart her boasts Of having detained poor laboYer
two whole days, paying one hundred dollars. by
this method Of slow counting he hopes by such de-
". prevent u
mistaken his man. for nothing daunted, the stranger
as last resort, accepts the bullyinf proposition
eight dollar note Is presented-tne ofhc.F eNa-
mines il minuley reads IL once or twice, refers
to his issue book takes piece Of French coin, GO
irancs) he places this solitary aad alone into n
pair Of dingy scales, that might, from appearance,
have been the identical pair usro, y Shylock IN
weighing the veritabe " three thousand ducats"
TO the Caristisn Antonio. HayiI { ascertaned what
every one knows the value OF 10 francs (say SID
he pushes forward twcnty-n,ne oePpers, and 80 oii
to the end Of the chapter lie Imports copper fron
New York FOR this very purpose by paying an this
manner, gold. silver, copper, &c, halt hour IS
consumed a note Of the denomination OF eight
dollars; and others in the sane proportional mix
ture of British. French, ard Portuguese gold, or
any description to embarra8s the holder is rcsorted
to- and this by bank whose officers profess much
chagrin al the conduct of ron specie institutions.
In addition 60 these WAYS and means. the cashier
resorts to measure a. novel as IT - tishonest-hc
actually employs or lOalers and boys-paCs /.
600 of his notes in thcir hand, and hires them
make a mock demand for The purpose of engaging
| hts time and attention from Legitimate holders.
| noticed these Dummies Peter fitbs at week in
the present instance, aud observe the perfect urr
derstanding that appeared 20 exist bttwcsa then
and the sapient officer.
You. Mr. Bennett, preSstc oy er tho only press in
this country, that has Sufficient Independence q
warn the community against the imposition and
humbug Of ban<sa and men; and, for the benefit N
that community, we trust YOU viii nssgf chs hasy
communication assuring you, at the Sme time, thai
we record those charges, more IN " sorrow than ~
anger,' osr only wish being TO contrast profession
and practice.
We wiil, at our leisure, give your very nun'eroa
readers in South Carolina, through the madium o
Gsaneiers, and their cosssetion with those o. TN
same class al the north taking the hint from yV"
! sble philadelphis sks1ehes.
Ever Yours, G.