Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1840-02-29
EulIoRAL CORRESPONDENCE.


Jackson, T Go. % 1870.
D..r s--Tte laq..i,a fas early part OF Ire
ussk prossn..ga rare SCENE Of confusion and
braI. Tie member OF Yal'alasha, Jo-k oyeeP
mons ts SOM. remarks made fla tae N0lh-turg
seuane. aud veu, posI-haste co. Nichs5arg TO
cha,sse .ag editor, DR. Ilggsu. How Be succeed
. 81, SIC leave ,ag ID. to tell, Who SAYS
f "WAas Nc wsra enjoyed n taking our tr'sS
sltaH the post aiire ts-.5day, Kendall Ike cow
ar3y cuUG5rl.. came behind a. ans struck c7
three times with hickory stick uu Tie tato ui The
bead; .Ae O. base dog. be- Is, lie u.ads DIS escape
without giving us 'JIr tight.
The bastard .8re not give Us iI.r warning, meet
us lse gyteiHsn, FACE le face and give us a far
fight. lie not luy took iht advantage Of DIS great
physical strength, but came behind Us when s'nop-
eli, 1k.ns ont our lgtlrs, and without saving a
/ word, itlei as with As club and ihen madg h,
escap, leaving bis stick, before we recovered from
the blows Il Is just what might be expected from.
SD cogarly an lmbece as Kendall Is known To be. =
The bill introduced by Dir BesancoD, has pass
ed both branches Of he legislature When the
sub ect cauo up before the Senate, Mr. Marshall
Of hetopcr, moved TO strike out from the enact
ing clause, which was carried, aud new bill, by
way of ,nendmcnr, introduced The bill, as
amended, was r.1I by sections. Mr. farar and
Tucker, the consttHto naI lawyers Of the Senate,
offered ,undry amendments, nearly all Of which
were accepted; Mr Marsho'l objeet.ng to such
features as denied the right Of Legislative action
IN the matter. The bill being perfected was put
on It's passage aud was carried. 1t was 'ben sent
to the House requesting. those members WHO had
previously voted on the original bill to agree to
the one as amended which was objected to By
majority Of p. 1t was sent back to the Senate,
(which body adhered to their position. A com.
mlltee OF conference Of both Houses was there
upon appointed. The committee INST and cut
oil all the odlous portions of the bill, as amended
by the Lowndes senator it being then reported.
was put upon ITS final passage and was carried
II IS now law Of the land.
Both Houses met in the Representative hall,
and went into an election for five Directors Of
the Union Bank, on Thursday. About twenty
individuals were put IN nomination. On the Sc
cond baIIoting, the following gentlemen were
elected ii. G. Runnels, Perry Cohea, J. j.
/ McRae, Of jackson, James c. Wilkins Of Nat.
chez, and d. o. Williams Of Madison.
The JOINT committee on tie Union Bank re.
ported last Saturday-30J0 copies ordered 10 be
printed. So soon as il IS out Of the press NO
will give the readers Of the Democrat an oppor.
| Iuny OF Judging for themselves how faithfully
the directory have discharged then trust to be
pubic.
The following, from tho Nlississppian, shows
the liabilities Of some Of the directory ndiyidu.
ally responsible to the Bank
"'rhe total amount Of the liabilities If tho n;
reclory IS ONE MILLION, FIFTY.EICIrr
I THOUSAND, EIGHT HUNDRED AND
SENENTY.TWO DOLLARS! Thcv b,yo
obtained rs drawers aud accoplors, Fo,g Uwb.,d
dnd Forty Thousand, Sepeg Handged and Fam
DotldrS. Thus the Directory have borrowed n
bout oae,hre6h of the whole capital of the bank
and ATE liable 10 every capacity for more Than
onct9h Of the entire capital Of The Bank. The
total liability Of the President of the Bank for
his own Liabilities and that Of his Commission.
House Is two hundred aud twelve thousand, three
hundred and seventy eight dollars The Hablli-
ties Of j. Il. Morgan another director, Is eighty
thousand, nine hundred and twenty-five dollars.
The Liability Of X. VI. williamson, director, is
one hundred and thirty six thousand, three hun
bred and hry.one dollars, The liability Of
;, Gooch, another director, is two hundred and
twenty-five thousand, three hundred and eighty
four dollars Such has been the individual uSe
Of this Union Bank. made for the sole benef, of
the people Of Mississippi All the other drec-
tors have obtained immense amounts.
The house of Merritt, Jennings s. Co., in
which Gov Runnels is partner, Is liable rs ac
ceptor of bills to the amount Of sixty-six thous
and dollars, and upwards, which frcnitone thou
sand IS suspended aud dlshouored- and we learn
that bIl!s Of this house are continually returning
protested.
i. j. Jennings y Co., another house in which
we believe, Mr. RunneIs Is partner, is acceptor
OF bdls to The amount Of twenty-one thousand
dollars and more Thus have several of the d.
rectors established commission houses, and have
made the bill and COTTON business Of the Bank
amcans OF individual profit and speculation TO
an unwauanablo amount
. The house Of Hobson & Gooch. concern
Of another director, is accepor Of bills 10 the
amount of&eyenty nine thousand, nine hundred
and two dollars, between thirty and forty thou
sand dollars of which is dshonored and suspend-
ed, as the house has Jtaiied--i is probable thai,
/ the whole viii be discreddcd /!
I Several other mushroom ard commission.bous.
t es were also started IN the State by the friends
and relations Of the directory, aud have obtained
I immense accommodations, large portion Of
} which is already suspended, and viii IN the end
t occasion heavy losses to the bank.
The report shows a probable amount Of los.
SEES on the Ordinary discounts of the bank exceed.
lng bali million Of dollars, already a>celtaiped
but It may be safely calculated that, this is not
one-iourth Of what viii be found to be the uhl.
/ mate loss