Madison Whig advocate. [volume] (Canton, Miss.) 1839-1841, 1840-02-15

/ inYigoFaied BY travel, Il was apPrehea-
ded, would again expose the laeVii1aiy
destructive effects Of the Bill
The Mississippi Rail Road Bank
The institution Of this bank. "a set
| forth in the report of the bank commits
sioners. and published ID the Free Ira
tder Of THURSDAY. Is as satisfactory as
could have been anticipated There isl
we learn. some mistake II the amount Of
/ one or two items carried our. which
| makes a difference against the bank be-
/ the balance sheet Of S64-542. This. OF
course. the cashier has IN his power O.
correct. 4 part OF the difference Is ac-
counted for by Il mistake IN the report Gn
putting down the circulation payable on
| demand at S4.G45-this corrccts q diff
ference of $50. 900. which was made. we
are informed. by charging the parent
bank with branch circulation and M,
giving her credit for branch Indebted
ness to the same amount.
The total resources Of the Raj Road
| bank are three millions nine huH7ref end
ffiy-ajue thousand. eight AHHdTe1 end
/ hirfg-aine dollars. OF these resources
/ the Rail Road Improvements absorb ore
million. one kuH9red AMI fairig-siEs' flaE-
sand dollars. The remaining resources
/ consist Of notes discounted. So sEsHssrl
de5f. exchange PurchG ssd. cation pl.~r.csft-
1 bank stock, Planters hank stock. NE'r5a-
/ CIy bonds, State IF Mississippi. Gess 90
/ branches. iR4ir'aU4I. oster tanks. 5Eg-
notes, aHd specie.
The liabilities consist Of tr5 millions
sir ,.uadred and sjrfg-foa~ ft0asas.t AFRO
h4adre,.5 and tieeHtg-faar dollars & cap
tai stock. which. Of course. crnuo- he
called Tor or pressed upon the BANS ior
payment N any time This. indeed
could hardly be callel a liability eN-eP,
as n technicaiity, Or j.. case O. @ Ha1i
winding up.
The remaining. or in fact the -ea. H7-
bilities Of the Rail Road Company. O.
mounting to one million THREE bsHFsl
and si}ty thousand, 0ne bEEdre} and Ef.g-
seren dollars. arc made mp OF biifs rsFr-
Die, depoSjte certificates, debts % tgHEs and
iHdiriduGi5, circulation Oh dsslEEi. eng
past mites at SIR, eigtf, and tref-s m9afEs-
This million and a little mr - 1h1l thtr-
of a million constitute ali thar rhe RAJ
Road Company have 70 Vravfi. paw
ment for between this time auI Jg-- el
July neat.
To meet these liabilities the r Ul Read
Company has only. ii 81 can. 70 sIs.l..-av
lis circulation sni call IN Us post ae-.--
before or At maturity. Every dollar
they call IN Of these post notes before or
at matuuiIy viii stand rs SILVER dollar
on the company's books
The circulation payable 90 de-
mand then Is SASS
Fost notes due IN & months z1-6s5
Post notes due IN / months 9JI-G41
Total Se29.i-J
This amount, then, mus. d provided
for, TO q certainty, before t4e FIRST 81 june .
or July.
To meet this provision. the Rail Beal
Company has more than one million ~
dollars due Oh called .HtIIaesfs 81 g'oc-. .
Should this be promptly paid in. ID Rail
Road notes, the entire bulk Of post notes
and circulation would BE taken up. aali .
so much specie would be saved Nearly F.
one hundred thousand dollars more than
the entire amount Of post notes aac err f
citation are now due on called install f.
ments-and the stockholders are am1a- T
the safest aud best conditioned people ito .
the country.
- Another c.@ss Of contingent avaHibil.- Z
ties to meet the payment Of circulation I
and post notes is the Planters Bank stock 3
put down a one million HiHe haHtred sa4
forty-SereH thousand FIRE hundred d0iIars, .
10 TIC hands Of an active and efficient El-
| ropean agency Cor sale besides ta-
Natchez CITY bonds 20 the amount oil
tlco hundred thousand dollars
Another means OF meeting the crisis
adopted by the Rail Boad Company i~
the immediate suspension of the WerS
upon the Road - the sale Of the slaves .
mills, machines. lands, &c-. purchased ar
| first TO facilitate the labor on the first
| sections of rail way. in two weeks from
this time (as soon as the Immense depot
and machine shop shall have been rooted T
over) every dollars expense so the c1sn- I
pany shall cease until every public obi
cation IS met and every dollar OF circa- I
lion provided for.
| This IS the wav the Mississippi anl
Pearl River Rail Road Company. under
the enlightened, energetic. straight for
ward and independent course 81 Gen
| Quitman, intends 10 preserve the faith 81
an incorporation which h1s never yet
| been furnished the anticipated success
Of which has kindled iliuminations oil
| gladness from one end Of our CITY 70 the
other, and formed the stroagest bond oFi
friendship which ever vot connected
Natchez 10 tie nterior.-Free Trader
Gen. Harrison in Indiana.
ell