Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1841-05-01
S5.564.NO0

being an average Of sal 900 each. JonI aoc,
railroad, and corporate companies, owe aEse@R
other smaller debtors make up line whole sum '',N
ltlle of Which is metcantle paper IL hIoWslteia
all desperate spectators, VINO exist only ma Sta
of false confidence, aud they must have Their tTel
il kept up by conceaImenI, IN order that they na!
continue 10 prey upon The indus rous aud lrugai-
The public will not submit to this, lie lsl must
he published TO the world, that inlqmy may resi-
upon The right shoulders, aud the regular merchant
b. protected from The designs Of The gamblers
Tie rest OF the report presents sickenmg deiai Of
carelessneSS, extTavaganct, extolton, dlSh7heSF
and unprincped conduct OF all kinds The uay
wonder, is lhal the concern did not long sine
explode, and instead Of being surprised that The coP'
tai oil $4,000 900 is entirely sunk, the only wonl7
is, that any OF The liabilities can be met
"The whole developments show The utter ro'fD
ness and corruption that have crcpt INTO The banh's
System, II is bret king down by The weight OIL lSd'
cnmulated inquiries. 1t has degraded tie couA-
Try corrupted, It's morals, and ruined lis trade 90
the people will cast il oil, In this opinion we az
glad to find that we are backed by that OF lhe new
President, MIR Tyler, who, in his character OIL ,tPv
sentative, ~ discussion which ensued IN the u p"
Il. upon motion TO appoint committee 10 "'s
lgate, the affairs Of the United States BANK u"
the following opinions of The Banking system
For one, ! enter my protest against the pan''s
system as conducted in this Counlry-a system Nv
TO be supported by any correct pr .cpe o. pun.
cal economy-A gross deluson-the dream OF ~,
slonary--a system that has done more u c",Of'
the morals OF society than any thing eise7S WIKI,
has ntrmuced struggle for wealth, Instead" a.,
honorable struggle which governs the ac cs u h,
patrlot aud makes ambition vlrtue--whTn ~
made the hnsbandman spurn his collage, ana .us
duced a spirit OF luxury al variance win 'ne s'"'
NY OF our institutions" ,a
| And yet there are men WHO are ANXIOUS u 's~
lish another money King Of such tremendous ''t
ties for mischief, besides iIamping undrI we
Constitution Of their country--and the WI
boasiug that Mr. Tyler himself is repareo 10 'a r.
ton such an institution, and will sign the our
very spirit oil inconsistency could go no Jul
| And yet has not all been oC about TINS a. G.s,
wanna Bank OF the United States. GAN ihe On 4ao
clerks Of the Bank were sworn 10 secrecy l",.fr
Of the speakers, moved, as he SAID al inc U.S.. %,
OF one oil the clerks; that the obligation Oh w On
be raised by the meeting "a very SILLY requ'Iy
that they would Then dlvaige much more ~, ~, ~,
| yet been Tod. OfC0urse Inc desired Ttsou''V' 70
passed, combining, however, the developme1" hs
made 10 the committee Of investigation anu :. a 4
rectors Of the Bank, Resolutions were onele' e
nouncing BlddIe by name as every thing 'na .st
vile, and When read was received ny INC ~ I,s ,
with the most defending appauso-Seversl" n d
Soclates were spoken OF in the same s'fa.'' sag
course Of the discussion upon this, cW" .chsr
criminal ptoceyd,ngs,' DR.. Dyott, ana ~,
HlIl, were terms not unfreqnently calico NV 4
The matter ended by authorizing the otfce''
Bank and the committee OF investigation 10 iSs,o
enquiry, consult counsel and, if need De- '''
| suits.
The adjourned Meeting of Stockholm U %,
Thursday last, came 10 the Resolutions ~ ~
through the agency Of the Legislature Ts -, -
la 10 fourteen millions, and to have inc 'OJ An,
the State and he sums paid to the State ''''
TO the ratio established for other Banks r. :,
( To change the name of the Bank -
strict the mode Of voting by proxy. c...l.t,
To protect by special security Inc C"'
Deposltes, and Post Notes Of the Bank p.l,d
To con6ne lis banking operations 70 Nd
pha, &C., &c.-The Stockholders aoI0'''
yer uIl lst Tuesday in May. pal,
Governor Porter mas vetoed Toe Bank y"
y passed by the Legislature. lbs P'O'o o.al,
admirable paper. Il is stated to DO 49, I
to gentlemen Of both paries-and a,
the bill itself would not have been gens.s"
quiesced in by the Banks Of Psnn'y'''"