Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1841-08-24
THE STATE OF MISSISSIPPI,
LOWNDES COUNTY.

This day personally appeared before me,
John Thornton, an acting justice OF the peace
IN and for the county and State aforesaid,
George Vaughan, who after being duly sworn
deposeth and saith, that on the second Monday
in August, A. D. 1910, he was elected Presi-
dent Of the Columbus and Tombigby Trans
nor alton Company; that after the resignation
of Mr.. !. K. Aldridge az cashier, it was dis
covered upon examination, that nearly all the
mar funds set apart to redeem the circulation OF
said Company had been expended, and that
the issues thereof had been increased instead
IF diminish ed--affiant further states, that
This circumstance produced some alarm among
The directors present, as much danger to the
(,ompany would result from a suspension
which was then much feared, that IN this ext
genev Mai. William A. Hicks suggested, that
9:en' T.. r.. Acee had the control OF large
amount of money which had been lett with
him to purchase out the charter of the Com
mereial Bank OF Columbus, and that he be-
l;eved that he (Acee) could be induced TO
make deposite to aid the Company, as he
TAceel was personally liable for $1,000 OF the
Circulation, and was very anxious to have the
same redeemed--that this suggestion was
made in the presence Of A. l.. Campbell and
denonent. and that A. l.. Campbell and MAJ
H,cks nanilested much anxiety to procure
aid money. and at last agreed to allow at The
nc ~ forty per cent. for the same, to wnlcn
aA7ant Objected, but was overruled--said
afiapt saith that no specific sum to DC de-
oos;tad was agreed upon, as il was not known
mai amount would be needed to redeem the
circulation which was coming in very rapidly
Said afFiant further SAITH that said Acee on
rbat or the next day brought some $1o,UVV m
~ The Institution, and requested MT: A. l..
Campbell 10 count it out, which be did, IN the
nresence of said Acee and this aiiiant.-
Said affiant further saith that he had no con-
versatioi with said Acee respecting SAID oePo-
ITO until some five or six days alter the same
hod been made, when said Atee stated ina.
10 should expect punctnAl and early payment
~ ne premium 70 be allowed, to when am
ant replied, that the Directory would not sane
ion the arrangement made BY messrs. f1l l.'s
and Campbell, upon which Acee inanllss - I
come excitement and spoke narspy o. eno
Company. and the next day Withdrew ms u u.
ooaite as affiant was afterwards informed ~ -
M. Campbell, who replaced win o.hes ' s'.'
fhat portion Of the deposite wnlch nau u''e''
nsed IN redeeming the circulation.
SAID affiant further satin, that some IVY q.
three weeks after Gen. Acee na1 wl1nu.a wv.
his deposifo, that A. 4. Campoe.i IsPsess ny
,,' r,,e5 Stant 10 call upon Gen. Acee for the
mo IF procuring his money to enable the
~. sy ~ 10 make an exhibit Of her condition
~ gsth Of the same. saying that he hao
SIa h;raseIf for that purpose and been Fetuss
s's~ .a - siant had more influence with sal0
a. 49,. .''' nan himself that be (afiant could
. 49, sa'' nerbaps procure itafant iurtnes
49,. 49, tbaf af1er Mr. Campbell had annoyed
$3.50 ,,e two Or three days about this matter'
nv! nv. Io Ia caiIe to see Gen. Acee and mentions
s1 ~ y subject, believing that the Company