Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1841-05-05

punished. tie ro.l: " y. Bank iu -.
much excitement ad'ng, on Monday, c no. yet
NJ NJ, oat.a lew items Of it, present. give yo,
a,ailA' TOT the list few wears contents. IT,
sN to brokers ia ias confined -
ge broker, of the family ~ ' n. capitalists
nas received, within short , ;.ie ex-Presidon.
dha eTT-otncers Of the Bank bs~n s4OO0OM
..pgrdIy accommodated: tbn;. been no To-
;ns No. ~, 'or winch Is well manjfesooJJ'ise Of graf
Jug ther obligations in ra;I ~, r', by redoa,a
1 eo so,'1 los, Teras bonds. S and S,q,s
ncer look loan Of S3OOG0o e Nc. Aneyo7
'haiiroad IN llis private canas;, u The Read
afterwards assumed the ro.,y' and The Psrs
ihroughou; the whole Of HPOnslbfty.
thc Bank has in all anticpa,oa Ss, transael;,--
Itset the sponsor and guards uli.lcultes mad,
nceH ,who,availing themseye,, u J, Certain eg-of
nave thrown upon it all Then " " rs hbetaifg
stocks. Sl,O00,000 remained r odo debts a6J
and questions as to the mode &c eounted r,
DoUU,OOO of this sum addrnssaI 4,Pehdture ~
nave received no answers n. /" 1eT-oaiieAr,
estimate that there is more H. y - S,ooinhitfes
OF the original capital left 10 the sl9ig0g90
Tic III ' Ioans su9 silares are worth about Sac
~ - a 'Ua,,S a'e n Earope IN Al, ID 40
dns S Stato % Si@9I93Ol, and t6e Il nd
ee a s9ta 93I PakS IN this city and Saaace
I b.. !, ana 10 dePosors at tho n
pailn ana agencies S3,l64.354 60 o.Saies
was appointed to devise the best ms,gu inlitee
mote the interests OF the Stockbollo,a-lA '9pro-
port to-day. -a4h' and 70 "a
:. The history ofthe Bank since 1sas
rs most culPa6le negligence Of tIai en- ezla1.
ne par =, o. lhe Directors. The CONS aSs. O.
some OF the ex-o officers presents them OGoopst
most prcJudlclaI TO their cbsrac,oaa,--'' IN Igi
business and honest men. The ere re,o . men @
seem to warrant the inference thai ,9P tL *oa3
ty oil the stockholders has been ,Ia s. 'ne prep
advance the interest Of certain o oasillceo ls
family chques-Shoud these in t-..sls' Qua
sustained all the dilinqueBts sbonI .3it I be
to dlsgorge their unlawful cams ans II V is--41
case It IS to be hoped that no sar,-- "a So1A
TO private characters, erteragll5a ,,'-i7n al
vent The execution Of the seye1e s., ~ VI. pre-
the law. Can It be possible that rug cid -
has made such progress among usl ''-s-1a
The Governor has again INDUCED h.
tie passion in the veto of such s7n,g e -'-
bill, transferring the appointment of
officers IN Chester county from the =
Judge to the County COMMISSIONS --..
veto passion Of the Governor seems "a
with what 1t feeds on. Ithas become ~, 80
diculous. The following are the rates a.. o.
upon all goods by the Pennsylvania Can 60
Rail Road from Philadelphia to Pittsh-c--. n
goods $500 per 100 cwt; hardware. Ii
ceries, LAO; queensware, I,jO. The 0s55
) Plttsburg being now full the whole chm =
Western navigation is opened.
A large meeting of citizens was bed,,.,
in the State House yard. Resolutions TIM
ing the death of the lamented ex.pralle
were passed, seconded by remarkes fo7 T.,
Sergeant, Jno. K. Kane, and Others. Of b,.-
/ parties. 1t is day of universal gloom. T.
stores are all closed, and scars Of era1a AZ
: hung upon the doors ofprivate houses. z
Philadelphia April 10, l84l.
7 Pennsylvania bank Of the United States. R.
port Of the Committee Of Stockholders. n.
= Governors UetO
The adjourned meeting Of the Stackhods-s
of the U. s. Bank on Thursday, was athnb5
by more than thousand persons. Mr. Wn
: ! Drayton, now resident ofthiS city, but form
: erly distinguished leader of The Uniolpal
ty in South Carolina, was chosen Pfesiden
: rice Dunlap resigned. Resolutions wee adop-
ed to preserve the corporate existence Of til
= institution, to change the name Of the Ban.
r and reduce the capitol to SI4,000,000, valuins
:, each share at S40,-tO petition the Legislature
: to be relieved from the residue OF the bonus
: yet unpaid--from the obligation to make loans
! to the State, and from the penalties .attacL5l
n TO suspension of specie payments-to make s--
engagements with the other city banks u -5-
. ceive the notes of the U. S. Bank-tO Testrc
the banking operations &c the mother ins.l-l-
ton, abolishing all State ageLcies-to eonG-u
the discounts to business paper; and TO red u1-
!, the salary OF the President to $4,000
The facts presented IN the report exhIb. e
: such criminal conduct on the part OF the oil
; GERS, that strong resolutions were Offered 'c
Il prosecute some of them criminally, but tlaF
II were modified and the Directors were m-
{ structed to ascertain whether any legal resp q
ID sibllty have been incurred by the officers Of ta
Is Bark, and if so, that they cause these resP1l-
sibilihes to be enforced at law. 1t appeaH
r that, that upon the eve of an extraordHa-Y
ii transactions, the clerks were sworn TO secTa-
J. cy. The obligation still existing, pTeslGda-
I'd them from giving full information to the Con-
mittee.-They were on motion, released By
4 the Stockholders from the further Observance
Of of their oaths. We may now expect furthe5
IN Developments. The U. S. Bank owes lis II
to in to the corrupt conduct Of It's officers. The
lie several losses suffered by the foreignand An
re erican Stockholders have produced great dis
ht tress in many families. An English nobemaa
ne holds 100000 of stock, and within my oW1
knowledge, are several persons whose entire
th fortunes invested in this institution, are MOVIE
:. duced to almoSt'nothine' There Is no aPoo-
gy for the conduct of the officers. It Is IegS-
and corrupt, and deserves not only the censl,5
= of all honest men, but should subject them
= the heaviest vengence OF the laws.
- The officers made loans to near The amo1--
Of S20,000,000 without the sanction Of the De
q, rectOrs. They borrowed several mll.o1St a.
- paid them ii such stocks as the West REM
~ no Railroad Company, Grand Gut fl9hi1- 7
e. Bank, and the stocks of several institutions. =
TO- at par. The Cashier, Mr.. CowPeTtnl" We q,
paid.a debt of S2630O0, such kind Of stocks, ~
instance, he paid S25,0000 in 500 shares a p
of the Germantown and NOrristoWn kalI - -.
Y. which is now worth 81 per share: oSS :, =,
500! Mr.. Biddle settled bis debts IN It.
ia Bonds, &c. The Bank, without the CON On
ofthe Directors, guaranteed contract o. N
ir olas Biddle, made in his individual capaO
ri for the purchase of $500 bonds Of me S'6t =,
u. Mississippi, amounting to 5OOUVUo: 80 =.
signature of the second assistant casnle[ ~ !" {.
sb affixed to the guarantee, ontbehai Of lhe DE- "a
the more verbal authority Of The PFts'as.ao
Bank was equally obhging IN g1 II1Da n +.
contract entered into by ThoS. DuLhe - oNO
individual capacity, for the purchase ~ ,bsT-
600 Illinois and Michigan Cana s'OI 49, =,
Is no authority on the minutes oithe DO1''
these transactions. ,a