The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1842-09-28


Eanccd hv aloiisiIimr The nank OF the state -
=! Tic canital of hiy OWL Bank, lie would 1"G"''
Gnlv, and make ~ lqr""r aggregate q PrGh'S,
onfhc roma:l.2er than thc wiGc; bet the bIn!
Of ;Ic Gra.c he would "AnOLIN ENTIRELY. =
!!c sovs. che does rot rroroyse 20 Gbcli$h 1t nn
, der filcca mqys." Not directly, il is true. Bn
! docs he rot oronlv and strcnuons!y propose &c
"away with Ike hunlbur [as he calls II, abou'
"BGn!t socrc;s?"-:o publish and "eNpo;e' p,
once. "iile ,.a,2cS of those who owe the Dank!
And he IS 600 we'll versed in Bank affairs not Ia
know that this would not Only ABOLISH TT EN-
TTRrLY," BIZ: INSTANTLY. the moment 1t was
decided tha: it should be done! Would 1t moi
iasnn:ly abolish its busincas-drive ava! every
customer .foTth having-evcry one that haI
either credit, honor or character! NEo wnn.d
borrow. from Bank that would "eHnn"2' hs
"ar,ae'' to tic public. and the sum he Ind Dor.
rowc3! Ye:, SAYS Mr.. Johnston, an 40 would
fear, me gaii:H' Now, suppose "cr":a"
were 10 annGafce tie interior 10 "aHn"sH' 10
the public ",;e nancS'' OF all pcrs"Hs on his
hoo&s, would i Ec just CT ''"e I" :ay 'ha' 70
oac ,,or:4d fear bm The @Hi!iy!" " oE'd such
an act he homes; and just to those WHO had h3r-
ruwri rI,1ar tic ured pledge Of secrecy H.
vo,vad /, the universal custom praciised III all
such mat crs! Would not the inevitable ten
dcncy OF such m act be TO bring doubt and sns-
pciun upon the solNeacy, ability, or credit OF
tic persons so published, no matter how un-
questionable either might be otlerw!se!--
Would no man fear such an exposure "bm The
guihW?"
But snpDose the exposure Of present debtors
were avoided, and. to deal canddy and fairly
with all future ones, such merchaut or Bahk
were 10 announce that thereafter site names" CT
ali future debtors should be exposed Whenever 1t
suited his pleasure-who would deal with him
or il! Would it rot ABOLISH" his business,
and not only "ENTIRELY," but INSTANTLY! Mr..
Johnston may still say "Who would lear, dW lie
gn'hr?" But if such Merchant or Bank Oh
tain single cu:'omcr, would it not be such
one As could obtain credit no where eise-nne
desperate in circumstances, and reckless III
feeling, who could not he injured or mortified
by such IN exposure! And would it not he bet
ter to "ABoLIsH" the Store or the Bank q! once
than throw it entirely on tic support OF such
customers!
1t will not dn, ther, for Mr.. Johnson now to
say, that he does not propose 20 Abolish the Bank
undcr fifteen yoGrS;" fls proposal 10 The people
to "eypose" "ihe names OF those who owe l.,
would, he well knows, if adopted, "ADoLIsH IT,
INSTANTLY; and lie takes the most CtiecuaI way
10 induce lhcm to adopt il, by suggcs,ln" that
there could he no mr i've but "guH' ior oHno-
sing THAT ere arc those who "Rrrer erPecf
and ncrer intend Ia pay'-"wElo wish 10 borrow,
never to be paid''-and "who design to rob the
EXcheqre: thar "the country would be
s;ariieI" By such an r.rDnsHrr, sand the d@ludsd
chcaied, and baonboo=!ed pec?ie would demand a
thorough cleansing oIihc auacan stable"
Now, to Ge as dIsIm'crcStcd in act, rs ne as
4 - a. bo
this proposition and suspicion against his own
Bark! There, nc says, lie urged the acceptance
oil the law: ba why not; oG is refusal, co:nc ont
against it in the payerS, as he has done AGAINST
the Banl; OF ;he State; cry "away with the hum
bug about Bq,ih sccrSis," cal! for the exposure
OF sslhe names of all who owe IT, drnonnce all
opro lents as '.gnihy" &c. &c, and tell tIieih
that they dove dlrkness rather than IiGn', nc
cause thc!r deeds arc ev!!' Ii h:s very ImHar-
tial horror OF II inh Secrets" how came he TO-
pass hv his own bank without Il worn o cchSure'
to dcuounce a rival oac tHat had coiSPi'2i 20
tie exposure of them rs farms proposed ny Jaw,
while the former trca ed tha; lhw with contempt!
He may be, III his own conception, very d'Sh-
terested and impartial in his "mn:ivaS, as las rs
he has scruinized them, but we take II he Is no.
quite so severe and unsparng IN !I.s dealings
with them, as with those oI all connected W.Ih
the Bank of lie Sale, or who dare dc cad -
Ykey are "hank iooiS," 'jouGH md Sile"ccd
.suJSidized ami ma=2!gd," 'corrup Ell" ':E"'hy,'
designing 10 roo tie exc cGra:,' "1!Goa-i"ai'i:,
ours" &C., &c-wiic he, q! al racn connected
with Banks, in these "cviI times: "tia; Try men :
soul "is pure, dSin;crcSted, all mmaru!lta--
monument oil Bank pur.;y, i'll The midst o! Bank
corrup,ion-amd OF Bauk d;SiI,eres c''ncsS, lni-
partially, honesty and patriotism, looking down
from the lofty pedestal OF shaving and uSury, on
which i; has been crcc;cl, upon tie dark scene
Of Bank se,fshness, PARTIALLY, guilt, robbery,
fraud, oppression, ialschuod, and perjury, that
spreads far and wide around il!
lie proposes that part Of tic means OF the
Bank, and OF course part OF lis capital, Tor r;rIu-
ally all its means arc lis capital, shall ie CA Cd
in and applied 10 tie cH'in%asi:me.ll OF The :''''
tic deb, OF course Le.ura il hcc"nc; due. N'c'
row, which shall be paid hrs! We nare s.iow"
lro,n he Bank records, l!lar the "cap.I"i' AZ
! .07nuaL digiGc,.ds' oi tic Bank have been sol
emily pie /. ed and set apart at ra'i""S ,iH.
.ur nc ,,y yllen! oi Inc Interests aHd nAa .2'l
ton OF :le S.a c's dcb.s; that the prois c1"s'I
n'e "s,irn. ~ iund" for that purpose; a!id lila
&c Sac ans go RI III according 10 these ped
=, ri s:l arc wi, &c established order "i .y
ncm, a,d Use tie CO, ;'aL i'll payment, iltl an
roiiiS aie exhausted. The pledge OF ISIS, - -
lie Ere Loan, Is IN these words: "N zen ui
traits o! tie Bank %! the State OF South Carolih
Shall have PAID the interest Oh certain stocks
and rederna"d said siocks, for which they hay
!.e:n;o!nrc been pledged and set apart, tie sa.
a 1,.,lc IL. lodi. u