Arkansas intelligencer., 1843-08-26

of Independence county, had it before his commit.
| tee, of whom the Doctor was one, and YOU will
find at page 243 of tho journals of. that session.
that the chairman reports, they have made a
close and rigid investigation of the situation of
the bank, carefully comparing the report of the
President and Cashier with the books of, and ex-
amining all matters and things connected with
that institution. with great pleasure state that
they have been unable 10 detect any departure
from the spirit and meaning of the charter, but on
the contrary, found that the interests of the bank
and people had been carefully guarded and that at
the same time that relief has been extended to
the latter, the former has been so prudentIy man.
aged as to be in the most healthy and sound con-
dltion, &C." This report was made on the Both of
November 1888, in the Legislature of which the
Doctor was a member, and by committee of
whose members the Doctor was one. Now. if
leaving the money of the Bank, in New York to
be drawn for, is so disastrous 10 the Bank will the
Doctor he good enough to inform me why the
banks dld not send to New York for the specie
Come, Doctor, tell US why it was not done .? You
were director during tho time. and the whole
time the bank was drawing for it. If the Real Es-
tate pursued suicidal course to their interests
why did the the State bank follow that example
why did not Demosthenes and Cicero, (Gibson
ana Galnes,) rise up on that occasion, or in lS4O
or IN 1913, and denounce the system of banking
upon the funds of the banks in the city of New
York | will tell you why Doctor. Sewer hap
pened not to be- a Commissioner in that negocia.
tion, and secondly, that the Doctor happened not
to be director in the Real Estate bank. But the
conversion of the 100000 into Western and
southern exchanges, saith the committee and their
witness, injured the bank. How did il ipfict TINT
INJURY! again repeat, that according to tho re.
port OF an unfriendly committee, the commission.
ers realised, clear profit for the bank an average
proht OF three and half per cent, that is to saw
Sl|,UoO or rSlSOOO-and > that this very Southern
ana Western money was either drawn for a fur
ther premium or was loaned out at premium.
Yet Mr. Newton states in his answer TO the Sc.
cond interrogatory that this money 80 ,cas loaned
out By the bank as fast possible" and that
some OF 1t Is on hand yet. Now, if instead of
saying the money was I" loaned ou, as fast rs DOS.
soe," he had said the money acas In great aen.and
and most eagerly sought after, and premium paid
tor ii, the statement would have corresponded
more nearly with what have ever understood in
., regard to it: He states that somo Of it is ye, on
on hand, and tell us where it came from and how
It happened to be on hand. All the money nu,. |
chased by the commissioners Of which have anv
Knowledge, and the published tables forth. |
nate'y detail the different kinds of money tbey
purchased, paid specie, if not before, which ismy
impression, at least as early as the first Of Janun
ry, 1859, which you will find 10 have been about
tro 'cecks after the Bank commenced operation.
tiow' them again ask, does it happen that this
money is on hand and secondly, where did i, |
come from? | remember to have bea rd sorno.
thing about the President purchasing some Miss;s.
s'pp money for the Bank with some of the funds
o; the Bank, and that there was IA loss of few
dollars to the bank in that kind of mo-
ney. Is this what Mr.. Newton alludes to If 81
Py not being little more definite and part;culor
p his statement, his statement is calculated to do
commissioners injustice. | hope this matter
! VI De explained. desire it for my own sake.
aTo as for the sake of Mr.. Newton.
| flave now added the statements which desir.
cule Doctor to have before him when he shall
G,o'honco his reviews l have referred to the
uoChents and testimony which deem of impor.
'ahH u our controversy have pointed out and
eo'"Nnted upon tho testimony upon which his l.
rePolFs founded, and have endeavored to show
"ha' !amounts to, ami how far it falls short Of s
ostao'Hng the positions contended for in the re-. |
port. FI' now beg leave to add one more paper a
ana tnea have done. 1t is the letter of Antbo- ,
ny H. iIies, o president, at that lime, of the
lnst''u.'o 1t is in reply to letter from the q
con'n''eand :,, which ought to have been placed a
WIZ" t"I per testimonies in the case-succeed. t
n ,;s' al 10, the deposition of Mr. Hanger at page
d. IinsT . of coming in there, we find it at s
page l27.In like ma nner, we find the nble re' =
Por' ol ,'hInority Of the committee misplaced. S
.p npu WIN "a 1t, IN the appendix, at page ll9, !
VINE" II sr!d have succeeded the majority re. q
poi'' at PisSl. We should then have had the /
Two rePortsyether. /;
r.. no" re'tt you to publish the letter of Mr..
ahan,o nNwho was the author of the Bank t
..", - cphor OF the resolutions Of the Cen. q
;,. "' no"'u VI puary, lS3S--the author of the
In ~ ., ofbruary and June and the Presi-
y ' ,ha oa1; y. s'o who received the money from
I DM Io'''''''ssto and for whose management of
agreat extent, thomm;ss;onsrs ,,ano u .enus 10
d sd'r, n9 'eoeit If the commissioners them.
t o' TH u'u no'' Unanimous thanks of tho board. !
d - '''i' ". was a. beg nning and at the wind.
nnI tbor y, w. n,l "hofoncern. He knows better
,n ohy c'her ny what services the commits.
tons b,G ,,no' the effect that their opera
10 . 80. uPon me tsests Of the institution. He
Genes no IWl "ne veracity, honor, and intelli-
cr,t VIII. "S .le State, whatever Demo.
nhI;sl, i' 'o' VIII hlostlon. will thank you TO
io,ter 70 ,t 'Ppetd to this communication, the
n,no 10, ''''' Senman. You will find it at
Lle Rock, Nor. I'm, 1912.
do. ,H.HNrLEMEN-lreply to your note of yester.
10y, requestIng md inform you if the settlement
,nt'ue by Col. A. ESevier ns noent Of the RaoI