Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-03-17
Monroe Rail Road and Banking Co.

MACON, March7tA, 1910.
Our object materially eecng the in
of the public All the banks of Georgia. with excer
tons refuses the of this bank in payment of collections
them from New York and elsewhere In of
such policy large Of paper returned under protest.
the great damage of debtors and creditors To that
evil this bank will take collections in Georgia. Savannah
Augusta, Medgvile, Macon Columbus, Forsyth and Cass
ve free of charge ave postage) and remit at the
exchange For reference will give the following gen
tlemen with whom have done business Messs Boorman
Johnston, and Co., and North, Manning and Patrick, New
York Messrs. NJ w. Baldwin and VIM Norris Phladelphia,
and H. W. Conner Charleston The annexed Resolutions will
clearly Ike position occupy that the business
we in corner" Public confidence is with
l.. l.. GRIFFIN, President.
MONROE RAILROAD AND BANKING COMPANY
Whereas policy Of the Banks in this city, and elsewhere
aa aa5 s With a as to "rspen
bank paper erange the Exchange and Currency of the State
and destroy ing al confidence between rH
sore by are parioa Of our BANKS refusing to do legitimate
business ami descending blow the station by
isl OF bod q Brokes and 3ha,ers recurring OF
change and Premium balances settlements give for
that they are taking care of lhemseyesApd
sSy % the the city Macon and The aS
s s5 S po the oni
res st a n @ osy p on %
ton any country, should be proportional to the annual
Institutions refusing to take Sixty Day Pills Of Eseh2nge
o sSa d notes. for the are mot n
object for which they created and the gation
they accepted charter and acting faith
| O the community in which they are located.
The proper Of Exchange which Banks entitled
the and value of the Transportation OF Specie between
and that should be given in settlements
equal rates all classes Of the community, whether Banks
| bankers, or individuals.
therefore Resored bvthis Board That consider the
City Macon and her business community who for industry
are surp any portion of tho worldly together with
the surrounding country trading WITH aud patronizng city
being adverse BY OF the policy above alu
dsd and with whom seek TO make cause ana
| their fate be
ResoleH, That this Bank will continue take Bills of FIX
change (we securely at co days, and pay It's notes
for the ard when such Exchange shall mature yiua
of every class political society shalt stand equal this Bank
in the purchase OF ExcangeBanks Brokers' other
| of wlstever character ia y may be.
Res0ed That this Bank feels herself COMPETENT to the
deTtaking will USE her we'll future
gcther With whatever the confidence Of the public give
reduce the Exchanges to the standards which must
Resored That this Bank, together with its Officers
may fuse and though they repent, and
taeours yet this Bank and Offices will continue 10 refuse theirs
until they shall make satisfaction and to settle balance
such specified the foregoing resolutions
taking their positions with the merchants and business
Resolved That this Institution considers the rchants
business the creators of Exchange for h
Banks then for such Banks to require highe
premiums Exchange from them than they do set ement
with Banks shows servy their part, in that parcrl
a disposition to rob the individual who chance to fall
their power, to make up the loss 49,
A true Extract from the Minutes,
A [FaaL.ax