Piney Woods planter. (Liberty, Mi. [i.e. Miss.]) 1838-1840, 1840-01-25

er, because unless the suits could 10 bro't
in the name of the United States they
could not be brought in the Federal Court.
i, There is another mode Of proceeding
which the Government may or may not
adopt, and that is by process of garnish-
ment nnder the act Of Congress oflslS. |
| II hrs been said, and will, no doubt, be
said again, and probably urged by the
Commissioner in his report, that none of
the paper Of the tayortes Of the bank is
transferred. On this branch of the mat
ter am not sensible that could have ac-
ted otherwise than | did. | could not
know who all the debtors oftho bank were.
had no right 10 break into the bill box,
and the assertion Of such right might
have defeated the object had chiefly in
view, which was, to get additional securi-
ty for large debt to the United States. T
The only option had as conceived, was {
to reject paper, a right which | did not '
exercise in single instance, because it
would have subjected me to the charge of e
iavortism and partially. I should not I
have hesltated to receive all my own pa A
per, aud as il is, have notes on which y
am security, to the amount of about six "
thousand dollars. =
1t Is known to all my friends that for +,
several years past, my opinions have been CT
directly opposed TO the management of Ba
The bank, and that for the same period, nv W
ceilings towards its managers have not ~
'aen the most friendly, and ifthey should gr
70 benefited by any arrangement oil All
nihe, II IL because contrary course BE
you'd, IN my opinion, have violated both ia
nc letter and spirit of my instructions. ,
mould consider myself unworthy the sta "S
on l hold, or any public station, if | was Mi
OF being influenced by any per-
'nai ifi-ieellng in the discharge of an of Cit
cial duty. y Mi
Perhaps il may be proper to state fur p
Ter, my conviction, that although tha Sc Ma Ma
iritles OF the bank are believed TO BIO Cor
or'h a much larger sum than the amount Bar
the Judgment, forced sale of their Bar
oPerty, under execution, for specie. ei. Va
er could not be effected at all, or if the
ecle could be raised, i. must be sold at a
ny great sacrifice, and would not, in all Nat
ohabll!ty, pay more than one half or a
lfd OF the Judgment, unless the Govern
mi should appoint an agent and bid it p;n,
onder these circumstances, thought. Uni
d still think, that should have violated Ora
duty had refused the collateral secu- Ban
offered by the bank, in the shape of !, t .h
Is receivable. Lax
'one word IN conclusion. Certain poll Com
ians, Tor purposes best known TO them
yes, have connected the name Of Mr..
iIker with this transaction. Mr.. Wal NJ.
+ could not possibly have had the least Git
owledge of it, until his arrival at Wa Com
ngton city, and he was thee before Brar
negotiation was commenced on the ona
'iect. r. NJ GAINES s.s.-
Jackson, Jan. 10, 1910. M
P. s. Since the foregoing was written WV
ave received information which CON Wv
ICES me that much Of the instrumentation A
len prevails on the subject, has been
isedb by circular letter, written b. the
'hler OF the bank 70 tho debtors, whose III
.es wkre transferred. stating ~ n fact IN -
t the notes we're transferred in pnrt prof
iment of the debt of the bank "a tho laceE
vernment, which have clearly shown ia
not the case. This letter was written -.
er the date OF my agreement with abe 81
TX, put before It was in fact executed
while It was completely in my power In III
'et as'ae Inc Whole arrangement, The T
OF tho agreement is the 7th Decrr,.
, put 1t required the signature ofall the n A
lies before 1t was an agreement at ALL vrYr
IL did not receive all the signatures "
week or two afterwards. -.
K. M, GAINES -