Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1840-12-26
From the Yieksburg Sen
THE UNITED STATES BANK.

All who are acquainted wh the gigantic spec
ulailons Of this Bank in cotton and stock, must
know that ii Is hopelessly nsovent; aud hence
the mighty effort which ii IN common with lis aff.
lated organs has been making for the election
OF Harrison as the only means OF Ialslng once
more tie bubble oi speculation, giving an impulse
10 fictitious credit in hopes that the bank may
cape IN The storm Und tonent which II will create.
Every desperate gambler thinks When all is gone
# he had only anoIher stake he would renew all
his hopes and he would Il his soul for that
last stake. The election OF General Harrison is
the last stake for which the spectators have been
Iaboring aud moving heaven aud earth.
We published an article from the Journal Of
Commerce day OF two ago which Brought 10
hgh, The tirs, cotton speculation OF Blddle aud the
United States Bank. We are acquainted with
! few more facts connected with that subject which
have not yet been published. Mr.. Bidde com.
rnenced buying cotton IN the South III the Spring
| 81 1887 when ~ consequence OF the bank sns-
pension Of specie It fell TO five or six cents a
pound, about one half Of what the price IN Europe
would Justify. Tha, season he cleared 60U,0t0
dollars and put il in his own pocket though made
by the use OF The banks funds, In 1888 he con-
lnued the same game, but lost more than he
made the year beure and II appears that on the
well known principle of "heads win, tales you
loose" he charged the loss The hnnk The
| Stockholders did not seem 10 admire The game,
and since they found II out last summer they have
been al losgerheads with Mr.. Bdde.
The first move made by the Stockholders was
u committee Of investigation. Thus committee
| a, tho, Mr I..ht 49,
bauk about one million OF dollars; that the sly
little quaker MIR. CoaperIhwan, had been nb.
ling IN stocks, and had put hand into ihs vault Of
| the bank Tor a similar amount and ihat Mr.. An.
dews had followed m the footsteps OF his llu,lri-
Gus predecessors. The canning quaGs, some
ysifs ago kept little retail store in Phi id .lpIia
aud was not worth a cent but With bank accom-
odatIons ne soon became nabob. bought fine
houses, lots, carriages, and fancy stocks lie
made over to his dearly beloved wife Rachel pro.
dncive property To the amount Of $50 thousand
dollars, to be preserved for their mutual comorl
on rainy day. This he had bought with the
capital OF the United States Bank, SAYS he TO
Rachel, "thls will be fine proportion for you
and me and the Hhie sppc heads the balance,
eight hundred and hlty thousand dollars, in Vlcks.
burg Bank, Slonngron Rail Road and Beaver
and Sandy Canal. may 90 TO The United State,
Bank O his Satanic Majesty Andrew, gave 10 all
his plumber and Is as poor as II church mouse
--lhey Say
but Mr.. B'ddIe's papet was in Bank for mi.
non; and he had been IN the habit OF having il re
nr"ed as It became due as a mere matter of form,
expecting most probably that the bank would axe
MS Dad bargains OFT his hands IN consideration of
his grea, services in the cause of credit and cur.
rency. lie was IN the habit of gong 10 Dunlap,
the President, when any of his notes (ell due. and
having them renewed without the tormaluy Of o,
ing before the board. THIS was found oul by he
"ses"SAuhe con hlltee last summer and report.
ITO the board OF directors, who passed a resolu.
ton to nulllIy the proceedings IN future. In few
days The Emperor Nicholas had note of So Than
sand falling due, and as usual he brought to Dun.
lap his note tor 10 thousand TO be nassed--a0
'housand to his credit, and the other 10000 for
pocket money II keep his graptry al Auduiasia.
his bloodt horses, Dwhams, and other hltIe maj.
'ers connected with agriculture, horticulture. and
Inc arts and sciences, N order. Bur when Dun.
| zap showed hum the cider oil the board he looked
less fu0cund ond The note vas presented 10 H..
board aud regularly turned dozen as Inc phro.a
goes Then the devil was to pay. The Emnar-
or went on change, but his credit could ma, ~.
the change to take up his note. He came bscL
70 me board With his finger in his mouth, and
tod 'nem Il they did moi pass hts note hey might
protest and be d-----d, lha, the bank and IN
would be blown sky high as sure as he was n,o.
tested. The explosion or the renewal beno ,bs
"n'y alternative. they chose the latter. withhold.
NJ however the 10000 dollars inteud,d 10 nrna.
meat Aud"iusIa. and So the matter for Ina, lime
vas put to rest. The board however told Nj
bddie that he must prepare for cmla,lmen, like
the "heT boys VII" had been gong il on the Gre.
DIT system The bank, we know, last year com
PEELED the merchants who do legitimate bushes.
paper, MOI onlE 10 pay he lul cura,Imept, I'M, !,
actually distressed many, while The gamblers were