Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1841-02-20
NO. %.

pnive useful experience AZ vel a. ~ n ~.
case of tie Union Bank Sock Sabser,ber,. sboua
my unlus'h b. loaded with this debt.
now stands the case with he ihlivIdusl Stock
teers, 10 the Union Bank They Subscribed
o' Stock, iof which the State sras 10 have loap,d
mem ne sasA la paw k,r by individuals s,viog
~eS..'y can upon prnpery equal in ralae, to he
Sonet TO o. borrowed. How ives The salusfiou'u u
ufs p'"pe'V q DC come ~ on which the Slate was
I" 'es - secure her n having refunded the len and
hali millions 10 be thus lusnedl The valuation
OF 'h's properly was merely nominal being set % BE-
. s' ol ''tee sworn commissioners. ct q time Of
the mast unexamped inflated state Of Tia cuyrerrv
And viii you believe the fact. when I ,sll vo',
That IA Lowndes County, Lands were a fsor, fkrss
To Jour dollars per acre where they would now ven
ior Que. And u | am mol greatly mistaken. lhev
were no, valued a. over one third ol their value
compared To The apprasmeni set upon the land, q
the middle and southern part Of the State. What
Kind OF case viii this make RIM auI
| will tel YOU, lei us lake SEQ acre OF land here
and the SEQ acre from the South, this makes $50
for subscription purpnses- well what is this $50
nnw worth IN cash. assuming the former 10 be worth
one dollar for ionr-and the latter al thrice above
II IN assessment You have now in cash inst sIO
tor the $50 but stop and let Us scan this nnyey vet
little more. You will remember that one t,urth
of the supst npton might be made in ne grues which
are either dead, or on their lees, which is All the
same 10 The Stale. Therefore we must take of
Two dollars and fifty cents from this $40, and YOU
have Seven dellars aud iily cents Cor eighty. Well
We will now suppose that there was about Oil 2 OOO
600; worIh OF property norlgaged, according 10 the
| valuation, which suppose Ia he about the fact OF
The case from the extent VI the gradations having by
| me no better evidence OF the amount of the mort.
gagged Now then let uS state our sum- if $50 meats
Seven dollars aud fifty cents whatwin twelve ,hnl.
sand NEAT The answer is a million dad al eighth,
well the expence OF collecting viii take that eighth
and leave million realized. So my guess al one
aud quarter millions 10 be realized, will be found
10 allow me sufficient latitude for hue mlsak es if |
have made any. and owmy sceptica friends whose
| hearts, have searched for IN their purses lei me
safe another sum but with you will leave tie
! answer
| want you 10 answer for me; If 81, 100000 be
The largest possible amount that yU can fch from
| those Stock Subscribers aud tha' You only can get
| by coniscaiing their lands, and driving them from
the State; woud II not be to your interest ~ il is
cerinnly ynur duty 10 unburlhen Them, and tax
them generally es yourselves Do YOU not think
that YOU really would in Tins way realize more from
them! Which you must know you will need in the
payment Of The S7000000 YOU owe for The Unicn
| and Planters Bank bonds. The million and quar-.
Ter will only reduce this To 50 75000O 10 which is 10
be added The accrulng interest, together with Tie
annaa expenses o your Stale Government Then
occupancy Of their nwn lands enhances the value O.
your lands. and all things ELSE IN the Slate. Release
them, aud you give new spring 10 their wonted
energies put high TAX on wild lands, and Won drive
Il INTO market, aud cause II 10 be occupied BY 10,
paving cullyators, and turn your present curse nlt
a future blessing.
DO all this, and none viii Iejoce with more n
ceedlng Joy than
A MISSISSIPPI BANKRUPT.