The Yazoo City Whig and political register. (Yazoo City, Miss.) 183?-1840, 1840-02-21
FRIDAY, FEB. 81, 1910.
Official FaIsehood Exposed.

WHAT IL 70 DC thou sht OF our puDIC morals! WIN
the contest between the Agricultural Bank and
the Governor and his Commissioner we have moth
ing to do further than to expose fraud and false
hood and eRdeavor to protect the public decorum
and integrity of the country.
We publish below a statement made by the
Bank, the truth of which is no where questioned,
which shows how much reliance, for veracity, is
TO be placed in the public acts Of eur public
functionaries.
That Governor McNutf's TOOL Of party fanatic
ism shOuldbe found guilty of gross misrePresen-
tation is not be wondered at, for it accords with
his custOm but it is too bad indeed, that our chief
executive officer should be found in the same
Predicament.
AGRICULTURAL BANK.
NATCHEz, JAN. %, 1910. {
To the Senate and House of Representa-
tiOes Of the State of Mississippi.
At a meeting of the Board of Directors of
this Bank, on the 22nd inst, the following
resolutions were adopted.
!, "Res0lced, That committee be ap-
pointed to furnish the honorable, the Legs
.lature of this state, with statement offacts,
IN relation to such subjects as have been
brought before that honorable body, and
such other information concerning the affairs
of the bank, as they may deem proper and
necessary"
2. "ReSoIoed, That the President of the
Branch at Pontotoc be directed to furnish
the Legislature with statement of the facts,
in relation to such subjects as have been al
sluded to in the late message of the Govern
sor, and by the Bank Commissioner, concern
ing the transactions of that Branch, and to
state how far these transactions were author-
ised and sanctioned, if at all, by the Direc-
tors of this Bank"
The undersigned Directors were appoint
ed a committee under the first of the above
resolutions, and row beg leave, most res
pectfully to submit the following statements,
for the information of your honorable body.
And they declare in the first place, that no
obstacle whatever was thrown in the way of
the examination by the late commissioner,
Mr.. Hagan, but that every information was
readily and promptly furnished him, which
he required, excepting such as they had not
the means of giving, and such as they be-
lleVed clearly excepted the eleventh article
of the act of incorporation, and which could
not be given without violation of the char
ter OF the Bank.
In relation to the agency of DR.. Stephen
Duncan. it is proper tostate that he is not
San intermediate agent between the bank
and commission house in New Orleans .
but the agent of the Bondsmen of the bank,
holding power of attorney from them, au-
thorising him to receive from the Bank, any
amount of funds and securities which the
Directors might deem it proper to place in
their hands, to secure them against loss, and
for the payment of the debt due the United
States. The officers of the bank exercise
no control over the funds and securities af-
ter they have been assigned to the bonds
men, and placed in the hands of their attor-
ney, nor over the correspondence of the at.
torney with his agents and the Government.
Occasionally, and almost daily, DR.. Duncan
does submit to the inspection of the officers
of the Bank, however, such letters as he
thinks may afford them useful information,
or such as may be- necessary to enable them
to make the proper debts and credits in the
accounts, and such letters are always return
ed TO him; but he has never removed any
portion of the correspondence of the bank,
or attempted TO do so. The letters which
were returned to DR.. Duncan at his request,
upon the day that DIR. Hagan commenced
his examination, were sent away before Mr..
Hagan arrived at the Bank, and when it was
not known by the cashier that he was in
town.
The following letter written by DR.. Dun
can to Mr.. Fisk, while Mr. Hagan was en-
gagged in the examination, will serve TO show
how easily the Commissioners could have
Il e Lo
SiOWs post note transactions of the Bank, y
had he been so disposed. This letter was
both read and shown to Mr.. Hagan by Mr..
Fisk.
NATcHEz, Jan, I'd, 1889 [40]
To A. FISK. ESQ.
DEAR SIR:-You informed me yesterday,
that the examiner of the Agricultural Bank
desired to see the correspondence with Mr..
Burke, on the subject Of the post notes.
You may say to him that my correspondence
with Mr.. B. is very unimportant TO the pub
lie. His letter simply announce the sale of
the notes, when sales are effected, and then
treat of other matters in which the public
has no interest. The whole amount of notes
sold to this date, is 81, 500. The rates
vary; the lowest being at l0A per cent. dis
count and the highest Ia very small
amount al the latter rate. The average rate
o. the whole is fraction over Is per cent.
but as L stated TO you yesterday, / am
willing TO answer under oath, all proper in
teTogatoEles pFopounded in writing as well
IN relation to this correspondence, as 10 any
other matters concerning the Bank. of which
have any knowledge. am respectfully
Your obd't serv't.
lsigned) STEPHEN DUNCAN.n
But to remove all shadow of susnicion
that the correspondence Of DR.. Duncan was
tsremoyedn By him, the following lettay !. -