Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1841-02-20

What can be palmer KNIVES. may indeed
affect TO believe, and really teach, from The Bible,
ami Christ, anti he'll and Heaven bu, what lover
otHuth would hazard It, upon such sepulcral
ground And We, there u n possible, less anbI.
guilty, and obscury, in the supplemental section
quoted, than might be imagined N the book re-
lered TO, BY the unconveued.
Can ANY one doubt. who reads this section
searching for tru h, 81 its reui meaning, that the
slate was by II authorized to buy i've millions
worth of stock in the bank Can such an one
doubt the fact, thai after the Governor subscribed
TOT the said fifty thousand shares, the payment Of
the 1--WE millions OF money from the proceeds of
the sale OF the bonds, perfected wholly, and en-.
lirtly the character Of siVckhoidsi Al this
was necessary before the state could have presu.
med To have appointed the directory, which she
did appoint. Then can my lover of truth say,
that the bank should not "hold subject to the con.
Troll OF tie Legislature OF this state the dividends,
| and profits which might accrue, and bo declared
by the bank on SAID stock subscribed ior IN be.
halt Of the state, for purposes ol Internal improve.
menj, and the promotion Of education ~ answer
emphaucally, no! Then what becomes ol Your
'u>loe, your pledged honour; when you would
with greedy hands, se2a upon the profits ARISING
liom your own stock, as would he your right
but II per chance YOU should IN the course OF your
speculation, Ioose your capital you then seek to
| compound your srclusirs stock, and give to your
coparIners not only len md = half rmIltons set
apart (or them, but two ih'ds, or all Of five mill.
ions uture
Alllh,s my truthful friend with whom | have
thus int payred, tno only without authority from
the scctlon quoted but IN disregard of lis proys.
ions, as Well as directly IN The teeth of the latter
part of the slh section Of said supplemental acl,)
would have to be dnrc. viii give AT lull length
such 9Th section, aud put in imlcks, such parts oft
as ara mus, relevant - The pom, IN question:
Sec s. BE il further enacted, "1hat tie resi-.
dent citi-sns Of HE different districts shall be
entitled 10 take me stock allotted 10 Their rcspec.
lire districts; provided they may have taken it
within one bundled and twenty days from the
time of openinS the said books aud after that pc.
rod it (ihe stock Of the districts may be taken
! by any citizen Of hs state.
| And that portion Of the stock Of the SAID In.
ion bank 10 be subscribed for on the part of the
state. : provided for in The Isl SECTION of this
nct, shall be iaksn from The rhoie dmouht Of HE
capiial stock of SAID bank. Aud the subScrip
lions (ol individually TO stock nj the mother bank
and the several branches. of SAID bank shall be sc
graduated as To reduce the amount of stock to be
subscribed for by Individuals IN lus RATIO pro
porlloned to their capital and that nothing il
| The chartcr Of the said bank shalt be 50 consiru
ed as 10 deprive The state ofthe amount Of sioci
! propided for IN The LIST sec. Of his Supplemental
act, and in no case shall this act be construed q,
10 allow more than five directors on the part @
the state, as provided for in the original act.
further atemptto olucldac, would but DIN
the hi,tre of the point, tblnk have 50 cleatl
established, by calling your attention 10 the char
ter Itself.
But a. my object IL not only TO silence the en-
etnles OF uuil aud Justlcc. bat 10 make them ais,
truthful, aud JUS, II wnl on" su further an,
say 10 toe good people OF MlssssIppl, that you
Governor did sctndty subscribe for the tn,
thousand shares, which by your legislature h
was reqnntd TO do, and that The SAID share
were actually paid for out Of The proceeds Of thu
bonds Of the state, Which required and consunet
the five mllllonl Of dollars ~ question all o
which was done N conformity with a law Of YOU
Legislature, and The payment for the sand stock
was necessary 10 constitute the stale stockhol
der, and pririlege her 10 appoint, as she dtd, thu
directory who appointed. officers, fixed salarIes
ISSUED. and Rescued Sc. &c.--and RUN was ,h'
result of state management. Did your copari
neIs, those individual subscribers have any agen
cy, o. voice. whatever IN this whole proceeding
| answer no, emphalicaiIy no
But mo thinks hear one who like an eve'
dropper, crept up behind me "but did not you
Coparlners. as you have denonnated them, VOTE
f for the Secoud directory" 10 turning 10 observe
Who has thus accosed me- observe a cunnln.
booking animal Of the canine species. and ceebra
ted IN fable; nevertheless, delgn him SENSIBLE
reply, rs wish 10 have all creatures worsh at tn
( shine Of truth. | answer that some dad aud SOM
did not, but Their votes represented the lenHp'
Hall millions, set part for them, AND 10 par
Of The five. belonging 10 the State In ohe
words their votes were cast in anticipation Of lh
sale Of the bonds, set apart iol them.
10 those who s renann sceplical on this subject
and whose sense oi honor, or whose hearts, have
not been able 10 reach; must ~ canlorr say iolhen
that have lost oil hope Of the honor of heir alien
lion unless should atlractit, in an excursion ni'
: their strong boxes and purses. II 10 have you
purse strings handled wll not arouse yon TO
4 sense nl youf interest certainly would be piof
4 employed Ia set ont 10 depict 10 YOU lie horrors
cIvi, inSnucctipn among your own ic!"w etuleh
where you might inI necessary 10 queI lhrI
:, spirit by Hubnlng your own hands M theF Ii
blood or by calling N foreigners to do so iw Eoo
Bot She purse sEra.,s, your interest, must no" y
: attended 10. shall notice dis, lts, ond I'M
j. only suggests be remaining mof'se of deriIc q
3 secure yourselves from the payment ol Jost oep'
BY throwing IL upon me shoulders ut your hnoce'
7 co-partners whose properly you ob'a nrd NOR
gage on Tor your promise Which renialns unredeem
I "a Tor loan Of Ten and half Millions to Ban
9 upon. viii, hpfonse sou should first comply 'rHi
X before The connection commences BY way p pre-
J. pairing your minds 10 receive lrnlh winch sha
q endeav0r 10 untold 10 yon; let me- call your allenlo
! 10 the history Of the Rea Estate Banking Compan!
= and many other similar Institutions, that have bee
= ruined by the attempt at coercion, without bent
7 Gtin0 the bill holders for whose benefit coerco
was attempted. The Bank became unable 70 cas-
:, when called on her notes. suits were immedaIei
- ea.nran..ced aralnai The firm 10 fnln1ce naYmenL