Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1841-02-24
NUMBER %.
From the vicksburg Wing.
THE BANK PARTY.

slppi have given US another evidence
of their wonderful antipathy TO banks,
and banking. In 1887 they elected
TO the Office of Chief Magistrate Of the
State man who was known, one who
had by his votes and written addresses
PROVED himself to be in favor Of large
increase Of banking capital. During
bis legislative career, he voted for the
chartering of more banks than proba-
bly, any other member Of either branch
of the legislature, and when he was IN
Quoted into the office of Governor one
Of his earliest official acts was to ap-
prove the act creating the Union Bank
with capital Of fifteen millions and a
hdy Of dollars, then and now the lar
gest banking Institution in the country.
with the solitary exception Of the Us.
Bank of Pennsylvania.
In 1889, after the democratic par
ty, which had always been in the as
ceadant, had created host of rotten
banks, and after these banks had food
ed the cuntry with their worthless prom
ises to pay, and swindled every man
who trusted in them, the very party
which had created them, suddenly dis
coVerd that the banks were awful affairs,
and forthwith the parent discarded Its
own darling child, and declared it to
be the offspring Of another!
| False as was the declaration, and ut
terly unprincipled as we're the chief
actors in this vile and infamous fraud
the trick succeeded. The people crush
ed to the earth with pecuniary embar-
rassmeut, bankrupt and broken spir-
tied, as they were, were easily led to
J believe that the banks were the cause
of all their misfortunes, and without
investigation many honest men were
led to believe that they were respon-
sible for all the wild and reckless bank
: ING which the foul friends Of locofoco-
, ism had engendered. In vain did we,
i in vain did hundreds Of Others, spread
L before the country the facts of the
d proving mostconclusively the paterni-
n ty of the banks upon the party who
were most loud in their denunciations-
A whole people upon whom the iron
: hand of misfortune was resting with
= unparalleled severity, did not stop to
E. INQUIRE calmly into the facts, prejudice
nj usurped the place Of reason, and pas
IS sion decided in a case where truth and
reason alone should have been consul-
= ted.
u The results know: Alex. 6. McNutt,
!. the former friend and advocate of all
Ie the swindIing banks in the State, was
a soon converted into the most inveterate
ut opponent of all banks, and again borne
ny into the executive chair BY triumph
: ant majority.
Q, For a time the party which was then
Dy successful seemed disposedto abandon
> the false position they occupy in rela
10 ton to the banks. and cease, for TIM
ar least, the stale and worn out CT,
or against "banks" and ''bank rags!'
in But the November election found then
or once more in minority and immedi
tn ately the old battle cry was shoute'
ny forth, and at once echoed and answer
ed by the faithful in every portion Of tn
M ~ State. They vainly hope, that b,
~ raising a false issue upon that cues
nd ton again, they will once more have tn
of ascendency inMississippi. For once W
an tell them, they are mistaken, the pee
ter pie have been fooled, betrayedby ther
er;; once; but the trick will not, and car
all not succeed a second time. Thong
up, gulled into the support Of McNutt, b
u in his his false and hypocrilical opposition
mn banks after they had ruined the cour
bic try, they will not be seduced into Il
nan support oflhe nominee oftne democr
, of tic observation-disclosures H. William
=, the profound politician and astuteJ
9sn- nancier ofthe L. Br. Bank at Ripe
,ne can never impose Upon the people
~ Gov. McNutt has done, and all his !
tar, Dor in the canvass will be worse til;
lpli. thrown away. He IS not destined
or be the occupant of the Executive {
cest fee. and all the broken banks in II
has State cannot force him on the peopl
lck. The party which has declared
see see long against banks, is emphatically t
!, T + bonkpartq, The President Of the Ia
convention is the President Of
Union Branch BanEat Macon. Tht
5. nominee for Governor, is President
e. The Branch ofthe SANG Bank at Ri
= ley.-Sam. P. Webster, one Oft
! I'VE chief actors in the conventions is t
vhen er-casHier of that interesting conce
ythe the Vicksburg Water Works. Ban
fthe and John J. McRae, one Of the me
med vocifefous orators present, is now,
lngs was lately director in that Pandor'
neels Box called. the Union B0nFa! A
Ae :: ret in the face Of all these facts, witt
side Bank President at the head 9th
lpor. ticket, theparty will have the damnal
J, the ard nnblushing efrontery, TO cry
II of against banks, and denounce theWh
as the Bank Party!
Esa Such IS the imprudence Of thelo'
'pro. foco party, and such bf.efview OF
S al position ofthe two parties on the
! the portant subject Of banks.-We 81
: no revert to this subject again, and G
press 1000 oo.,,,rf.f,f the xvonderfnI fis,Iq,lr