Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1840-07-11

be days Of their bank hobby are numbered. IN
ess something IS promptly done to eOunisraei It's
dissolution.
The verdict Of all classes Oflhe community ha-
,ing been rendered against them, il IS useless
again to enter the field Of reason; they have
therefore determined on carrying their point by |
brute force, and for this purpose have resolved !
themselves into lighting committee, TO destroy
or overawe those men who occupy prominent
positions before the public, and who have had the
honesty and independence to exert themselves
IN trying to stop the mad career Of the Union
Bank. Mr. Howard was the first sacrifice to be
made, as they we'll knew his vigorous pen and
manly and eloquent voice could alone be sllenced
by the hand Of death, whilst misrue and ruin (the
fruits Of their bank policy were stalking through
the land. Nor is The matter TO end with this at
tempt on the life Of Mr. Howard, for we hear from
every quarter Of threats being made openly by
president Runnels, (who may be regarded as the
mouth piece of the cOncern,) of applying the same
ordeal 10 other individuals who are deemed STUN
bling blocks in their way to the object in view
Could these directors succeed in ntmidating or
destroying the leading men Of the State who have
heretofore exposed the reckless policy Of the Uni
on Bank, they imagined the mass Of the people
could be easily seduced with the scheme of sell.
ing FIVE or ten millions more Of the State Bonds
for the miserable issues Of the Institution, their
policy has Frustrated. As like causes produce
like effects, should they succeed in carrying out
their views, the same circle would be again run,
and the spectacle of State beng irrerievably
ruined by the Vaccinations OF few reckless men
would be presented to an astonished world.
II is easy TO conceive that men in the despe-
rate condition of the Union Bank Directors may
imagine, from the submissive patience evInced by
the people under the foul wrongs inflicted on them
by the Banks OF our State, that no injuries could
rouse them TO resentment. But 10 this the gen
tIemen are sadly mstaken-they little dream the
deep feelings oil moral indignation their c0nduc
has awakened. They are tampering with ma
gazine, which, should it ignite, will dash them t.
atoms, and, ere it is loo late,we would warn then
to reflect, that there is point whe re (orbear
ance ceases TO be a virtue.
The following article from the Missssippian c
the 9th Of June, is that to which Governor Runne
alludes in his communication TO Mr. Howard:
UNION BANK.
We invite the attention Of our readers to tn
publication Of Mr. Bailey one OF the stockholders {
the Union Bank.
It's known to most of our readers that the Unio
Bank las called meetings of ls stockholders, {
their respective branches, 10 be assembled on MOI
day next, TO take into consideration the preseI
condition of that institution. The manner
which these meetings have been called is indee
I most extraordinary 1t was upon the address
, three men to the president, under by law Of Il
{ bank. Little more than twenty days notice hi
. been given Of these meetings; and the cons
quence will be, that not half Of the stockholde
: will be represented. In some OF The districts the
y will probably be no meetings. The object IS
g stock the cards after the manner Of the late Gle
ton Of directors in this place, by putting the CO
troll Of the whole affair into few hands, land the:
}, principally, men who have direct interest in bt
rowing money, aud afterwards in breaking I
IS bank.
y The object Of this meeting is to 60. the stoc
holders 10 consent to a sale of the State bonds,
l. exchange for the Union post no,es,now not VOL
80 cents on the dollar. more nefarious scheI
was never devised by the architects of their cou
lry's ruin. Here are men who have so manag
10 bank. sIaIling with a specie capital Of FIVE n
al lions OF dollaIs, that II cannot pay It's ordIna
circulation, and the stockholders are called up
" TO lay themselves liable for five millions more,
D. enable the bank TO meet the debts il has alrea
al contracted. When the second five millions ha
he been squanderCd like the first. we presume #
N. millions more will be sold to supply that de6cl'
cy. Ihus not only the stockholders are ash
;" to Permit themselves TO be further plundered,
ce the State is asked TO create an immense amo'
ng Of debts, which the people Of this State must
he by an unbealable direct tax and that too. for
On benefit OF few directors Of the Union Bank
=. Their iaVollles. The people never have and ne
w VIII derive any benefit from that institution.
To- has, ever since its establishment. been perver
to to the benefit and use of few broken bank
hat rectors and spectators. The currency whic
Of furnished has plundered the planters, and all I
er classes, Of millions Of dollars. Ia short,
"a' bank has made total failure, and is now
ply and defunci.
oil, Ii would certainly be most injurious co,
INV for the bank TO trade off the State bonds Tor
m. post noles-to give them away for mere S
T Ito exchange them for the shinplasters ola
ken bank. 1t is in vain to endeayor to patel
su' the Union Bank. Ii is pas, all hope. Il has
for means, character, credit, and public con6denc
We it's honesty and the ability Of its Management
!. The bank is a, an end What madness, Il
~ has possessed these men TO endeayor 10 ex,
can further the liabilities of the State and the ste
on holders, when 1t Is apparent TO every man th,
/, to will only be SO much money thrown away :
NV. the bank does not pay the bonds. the propert
| The sinckhnldnrs Will hn said Lac... Il.