Piney Woods planter. (Liberty, Mi. [i.e. Miss.]) 1838-1840, 1840-01-25
TO The Public.
P "a A NC II JR .R o
LIBERTY, SATURDAY. JAN. rs, 1910.
FOR AN INDEPENDENT TREASURY
AGAINST A BROKEN DOWN
UNITED STATES BANK.

" cultural Bank and suretes, have take
stand before the public as to the scu
rillties of certain newspaper writer's, fro
which do not intend TO be driven. Bt
the Governor has though; proper to alllt
S TO the subject in his message to the l.,
gSiature, and a certain respect for tn
high Office he holds from tho people, an
still more respect for public opinion, whic
- has been abused and attempted to be fore
III stalled on this subject, induces me to stat
al trlehy, but fully, the facts of the case
r winch the Governor has informed the lie
- gIslature he has taken measures to aseer
Or tsln. The measure taken by his excel
lency to ascertain the facts Of the case
was the appointment Of the Editor of thu
q Iichsburg Sentinel as a special commits
J. si9ner to examine the Agricultural Bank
Ina, Editor had previously declared in his
> paper, that the bargain between myselI
ana me Bank. was unjust, disgracefuI
anu dishonest" and INDUCED in the free
use OF divers other elegant epithets Of the
same Kind. Il is not my business TO dis
cuss he merits Of this appointment, and |
only mention the fact that other. people
may nave the means of arriving at some
mug NE q correct conclusion. When
Caiiea apon by this very impartial com
missioner of the Governor in his Official
character, "a state my knowledge of the
condition and management orthe Apricul- |
'afa' Bank, | answered him freely upon
every point as to which thought he had
Il right to ask, but refused 10 answer ev-
cry question the object of which was to
7Atfac' my instructions from the Govern
'"ehi, except So far as these were, in nv
opinion, necessarily connected with the
condition ofihe bank. MyIeason for this
was, that neither the bank commissioner
or the Governor has any right to know
"hat my instructions are are, eycept "a
component parts Of the great public, and
Es 'hese instructions, so FIR as thew relate
10 a stay OF execution are now properly
d !: part OF the records of the country, there
10 no reason for Withholding them from the 7
public. therefore state, I
Fltst, That the stav which has been n
gwen to the bank and suretiea, ia no, only !!
authorized, but required by nv iustrnc- a
'ionS, provided was satisfied with the SO. i
curites r
second There being no judgmen, g. b
ea'hst one Of the securities (Mr. Fisk
VINO was absent from the State at the u
'i'He ot the institution Of the suit, and had s.
no residence here at which process could v
DC ielt 80 as to make a good service, the k
OanK ctered bills receivable as additional k
ana Collateral security, and | have recei 81
yea 'hem to the amount of $500, 900 q, 8
security under an agreement 81
with the bank, the substance and etfec, oil
which, isas follows:
FIRST. That the transfer is no, to coca. 7
non any expense to the Government oil :,
any KIND, but that oil expenses of colec- :,
non OF every kind including the usual com. -
IS to be borne BY the bank. -
Second. That shonld be opthori,od >, !,
receive IN payment of any of the notes II
the same currency which il ~
,ecel'ed by the bank in payment of other G
Third. That the transfer of,he ,o,o nj
~ not IN any manner impair or affect b.
ne f'si'' OF the United States to proceed N
III inc Judgment by execution at anu mo to
"e"1 aitor the expiration Of the stay. ds
10" loId the notes under this agreement be
my official character, subject TO the pa
aFther instructions Of the Treasury De- an
'artment, and this fact has been stated IN foI
very person with whom have conyersed
n the subject. What these ins,ructops
VII nett lsof course impossible for mo 10
Ay, out l shall do nothing, and never in. .
ended dong any thing farther in the mat ~ ".
now. '''oioS B
1t viii be seen from this sta,enen, tho, I'M
re thousand and one rumors on the sub. LIS
&c. are false. II has been stated over ,h'
"a over again, and believed by manv. ~
'at specie was TO be enforced from the y. We
'btors of the bank, but so far from il tbay INA
e protected in this particular. and The ou'
81 81 the depreciation thrown uoon tba als
NIX The objection which has been lof
ost seriously urged is, that tho Federal Gun
"f was 70 be resorted to for the colec- p'a
IN OF those notes, instead Of the State nee
urt. The answer 10 this is, that II Is me
holly uncertain whether the II STATE. sac
u sue at all, this whole arrangement be-
contingent and awaiting instructions :
I'm the Secretary of the Treasury him
" be directed to return the whole of yor
sm to the Baak, and had this in view the
len reserved the right to the United ,ba
ates to proceed upon the indSmapt :, mo,
y time after the expiration Of the ,tay u.
tated to the bank as my opinion, thatic Win
Government instituted suits or otbo- tho
!al proceedings in the name Of the iii hen
states the Federal Court would be Il
proper tribunal, as it certainly is tho of d
per tribunal for all suits in which the nee,
lied States is party or interested but NOV
IS opinion only, and one in which prol
leve the bar generally do not concur the