Arkansas intelligencer., 1843-06-17
For the Ark.nsas IntelIirsae

Messrs. Editors Your readers will recolIect
that at the session Of the legislature Of lo10, the
then Directory Of the Branch Bank at Fayette-
vile, were not reelected for the that they
had been too prodigal in their discounts, and shat
the interest Of the State required more economi.
cal directors. Accordingly q board was selected
VINO promised great reformation. And their first
act, after getting in Office, ives 10 make discount
OF 10 700 dollars 10 ndvidaals, and to themselvcs
from one TO two thousand dollars each. Not sat.
ished with this, they figured out the scheme Of
buying up the State Bords for mere nothing.-
ihey accordingly sent two directors with 10000
dollars In silver to New York to buy State Bonds;
but these directors found on their ,rival at New
York, that there were no bonds to be had at quot.
ed rates aud rather than bring back the funds,
they deposited them with S-r, a broker, and
returned home. One Of tho directors deposited
also OOo dollars of his indiridual funds, which
ne had carried on for the same purpose. On their
return home, j: some how leaked cut that there
was strong probability Of the funds deposited in
New York being attached, and thoy we're thought
10 be unsafe there. So one OF the same directors
was despatched back 10 New York 10 romove the
depostes. But S., tho broker, refused. for
certain reasons, to give up the poney. The di.
rector returned home without ope dollar ei,hes Of
the lO,OOO dollars scnt on to byy bonds, or Of his
own 600 dollars deposited fov' The same purpose.
The travelling expenses, ma compensation, for
both these trips were considerable, to say nothing
OF the loss Of tho 10000 10 silver. But these &.
nanciers did not stop thor operations here they
refunded to tho director his 600 IN silver md this
too, after hehad got it where it was likely TO provo
loss TO hin; at least POT profitable Investment.
As this speculation did not seem to 60 off to the
entiro Satisfaction Of all tho directory, new ono
was got Up nearer home, and which il was likely
'hey cohd controa little better, or they would not
have tocontend with obstinate brokers' or attach.
montst IN this case.
Ihgsalaries ofth President, Cashier, and Clerk,
nad zen reduced by crd=y legislature, in the OPT.
n'o tnese directors, much too low for the hard.
nef Me mes So they determined to correct
~ evil, aad accordingly made an order that tho
resident. Cashier. and Clerk Of this Branch Bank,
r. uuthorissd to return the Arkansas money that
e'oy mao drawn for their salaries for the twelve
aonths preceding this order and receive silver in
,Achange, dollar for dollar, and that henceforward
ne sad President, Cashier, and Clerk, be authoriz
~ 70 draw silver for their salaries 90 long as this
,s'rec'ory shall be ia power. And at the rate the
Commissioner, Executive, and Financial Receiv-
rs are Proceeding, its quito probable sines tie
sotsce published by tie Audior of tie Stafe) that
VIII take some time TO get all things ready to torn
.ver, under the new Inv mora especially whom =
you take into consideration that tho Commissioner
ssts six dollars per day, and the Financial Re-
'e'ver is sii' drawing pay as Cashier 10 silver.
'naer the order OF the directory, and pay ne FL
'ancial Receiver under the act Of the LegisEa-
ure, and the Executive Receiver OCCASIONALLY alb
ent for several days at time on pleasure ex-
ursion.
Ia my nex. will give yen some facts relative
tne suit on Balls bond, and how it has been
managed. and what is likely to DO done with it.
something rottcn in Denmark" @.
- rerher Particulsss-she Battle on shore.
we were yesterday shown. says the N. o. TrePe. sf
" %. June. letter from Col Msrgaa, the Tsxiaa
to gentleman in this city. who hss
lndy permitted to snake the following extra ets
ne Information In regard tic ongsgsmest between
40 Mex'cans and Campeacheanos, shoss. 10 ess ss
ufase than any yet received.
CAmrEAcHy, May 2Oth, l64&
Commodore Moore fought his ship we'll. and but
or sbot striking the Austin between wind aud
H0fac NkoallA .sod Ahn