The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1842-05-05

a SPeech, Nodiu suppose that he never coll
j. nave had any agency in the management
G oil such insliiuIions-Oh, no, not he, he i
E too good Democrat to finger any of tn
money screwed out Of the people by thes
merciless institutions. But the Demo
Gratis will be astonished to hear, that h,
, has been a stakeholder and Bank Auor
ney, and the following little paragraph
IRON the Fayetteville Observer will show
now Mr.. Henry acted in 1878, and how
his tune has changed since then:
during the dreadful pecuniary dis,resses Of
loio-i9, whilst Mr.. Henry was Attorney for the
u'u state Banh, ho had such tender regard for
'he goods OF the dear people" that when no had
10 sue the debtors Of the Bank, he BROUGHT a sen.
arale suit on each and every name signed 10 the
note so that on note with one maker and three
securities or endorsars, no would bring four surs
and OF course pocket four fees instead Of one
tu9ec,ing tho parties TO four bills of costs. IN.
slesd OF one. As his foe in every suit was "a If
mere were four parties 10 the note be would real
ne $40, instead Of 81, and the whole costs
would DC about $50 or SIS, instead of o or 10.
| Nhai was the necessity for these separate snits
'hls gross oppression this robbery Of the uufor.
iunate debtor? There was no necessity for i =
single salt against all the parties wac prceisely
as eheciual 10 the recovery Of Lrs debt a. the
iolr SUITS. The sole object was TO fleece the
dsOtor, 10 enrich this bank-hating LAWYER, this
PRETENDED guardian Of tho peoples rights against
DANA oppression. SO outrageous was the lnius.
lice, that the Legislature Of leo passed la,y n
put stop to il, by which il was made the duty
Of the Court 10 consolidate all such suits, and 10
allow but one set Of costs on each note. fSee
Revised Statutes, page 1863
In reference 10 the examination Of the
Banks Of the State, Mr.. Henry stated tha,
the Cape Fear Bank refused 10 answer
queries put 10 it by the Committee an.
pointed TO examine into its situation. and
no doubt many went away under the be. |
lief tina. the Bank had put itself above the .
Legislature and that tie Wings had sns.
tanned I, IN that position. Now this is a
palpable Misrepresentation. Although the {
Bank wrote to tho Committee that il could /
not acknowledge the right Of the Lesisla.
ure 10 examine into It's situation, still the
queries were answered satisfactorily
Tbs information is derived from a mem.
'cr Of the Legislature.
Again: la reference to the money loan.
ID from the Literary and Internal Improve.
nent Funds, be stated TIA, a Committee
vas appointed to examine and see that the
money was safe and also ascertain the
ames Of persons who had borrowed the
money. The following extract from the
ournal Of tho Legislature viii inform our
caders Of the proceedings;
Goa motion or Mr.. Barnes, Of Edge.
ombe,
Reso'red, That the Public Treasurer
6 instructed to report to this House. when
le Bonds due tho State, from the Raleigh /
nd Castor, aud Wilmington and Raleigh
all Road become due, and what security
as been taken from said Companies, for
&c payment, &c; and 4 names Of tic SIR. /
al indrriduais and corporations, uho are =
idebied 10 the State, BY loans frcm the !,
literary and Internal improvement Funds :
The screrai amounts Gae BIZ each-isAea :
'ch d,bis tall DIE, and nc security taken ):
r. their Payment" D
4 few days afterwards, Mr.. Barriager y
Fhig) introduced the following amend.
ent. !!
q" And That Committee Of five be ap. .
united 10 inquire into the loans made bv VI
@ Board Of Internal Improvement and Ii,
terary Fund that they examine into the
lyency Of tie borrowers, and report to /,
IS House" 'e
Which amenlmen; was adopted, -lca IA
Mays IL. hs
The Speaker appointed Mossrs. Barnes, a
". Caideeh, Pope, Eemmiag, AID -
ny, the Committee. -
o. the 9Th January, ls4l, Mr.. Barnes =
hartman, and good Loco made a Re. y
IT, from the conclusion OF which is cx. is
cted the following, VIZ -" The loans TO In
Ilylduals are secured by personal securi. =.
5. Your Committee are entirely unac.
ainled with large portion of the debt. OF
J, but from the representations of the w
bic Officers, they have no reason TO So
lbt their sol,ency. As the Resolution .
oexed referred 10 yo2r Committee, in. ="
ucts the Public Treasurer to report the
mes of the several debtors, and the he
cunt due from each, your Committee nri
not consider it their duty, and have r.
rctore taken 10 list thereof, aud your ! u
mmit,oe ask 10 be discharged from the the
Their consideration of the subject. VIII
Joshua BdraeS, Chdirmc9." mi
Mr.. Henry stated that the Committee tai
led upon the Treasurer for the infor. VIII
lion needed, who stated that all the Ell,
IDS were filed in the Executive Office, mr.
he then tries TO make the impression PoI
/ the examination stopped here. Now Fps