The hornet., 1843-09-26


~ ihe H-.a.'- .....
WHAT fIfs HEFIb'NII1F l'El ~.
T.. ...-.I....s tie price uF fHH1Hrr
81. .....t ..... #fY ...4Haf f.H vuHH col.
..H....r.. f..f H.. faa4 #aa0.eI .af HHH4f
+. f. ..... ..l..# elaH s.HHaf e. fa.I .I |1..
f,,. 4..f ...,. .aar .4n ua calculate 'Hr uHn
,.....,,t .f f.g#a. f.B, $50 lHsr paid Iur fhr
...G,.I,. r.r.u.a rf IIl.rny our auu character
luf ,ts ann rHI.r n rpugH estimate.
/, THO l.r.Yu Eint commenced with e.
cash capital %. G.r m.'..uut u' dollars l'hr
amouuf Ul tHH Union Bank liuudHl 1nl 'f
though hrr hurs were nude 100 dan2'Ioo.
time, and loss must Do ihe consequence frl
that loss would hrc been comparatively ir'
n.ng. II there had been BALI tUc cycruon made
by the citizens of the State 10 collect The dents
and save the asscisof that liuuk, as there ha.
been 10 rcpuialc the bond, of the State. ]
assert, without fear of rclualou, that u instead
of rcuuIiatius, when it was asrcrlalned that
the IIauk would sustain loss, the energies OF
the State had been employed to wind up the
Bank with the greatest possible advantage,
that at least three millions Of her capital could
have been saved This has been, and will be,
lost by reputation.
2dIv. The State has lost, say one hundred
and fifty thousand dollars, bv the Pagaud
fraud and the Graves defaIcaton. 1t is impos-
sible to arrive at the exact amount-for the
Treasurer and Auditor have lot vet ascertain
ed it. 1t may be much more than the above
system of fraud NAV indeed be
vet continued for it is impossible for the Au-
dtor or Treasurer to ell how many warrants
there are out How could thev detect a fur
ther issue of fraudulent ones!
In fact MANY oro incI;,od n tho boIor that
thcso Crands nav ho cont;nnod--cor thoy sov
"t6o ,,oro ,oxoy wo INV ',o Iaroor is tLo debt
or ,hn S,a,n" d., ,'' oloI 49,
last losses enrrooratod bo rro,orIy attributed
n ronndiation1 ans,yor ,,os lad i not
hoen for tbat n,ostion an4 9tLo bl;ndnoss Of
iho no1oIo aoo,,;aoJ ,Inro cn,a o9,,II
not bora oh,oinod fro bnnJrod ,.o,os i, tbo
Sto,o e.. .ho, OGoo e. tho ~. ar ~, Wv
ono;ntonoo, hoIio,.oJ ,,'i,L e., NI,N,,. .,,Ll,
5s ,rouW pts,In NJ C, notbjn % b't ~ -,n nor, .oa5 |
oCnr;atoJ SEyoJ nJ o.,,',, ,s'' "s2 r,
,;, oa,,IJ o,,,. ha ~
If SIssissinniNand tho son,a cansos bindorod
tho do,oo+ann &C po,a,,I Tv,o.S ,a,.I
., .L ne'0 "'1 ,c."'
o nnJ ,oon h5' b Su'T g ,ng oea'f. t f
s,a;n of on"J;n'a "'',L,' ,L g ,as'e" IIo Ioul
9.",' -. is puui1.o'i o'' tpe plale, NO man
;"', Io,'iITe .IIe' W! 'o' oy al'e"'Ioh 'ne
Tu Hoon "%Ye oee.. ',',,,'epl"'ely ulScoVeLeu,
,bn nIon or nnn I9 ,b a. ,it s%T l,ie' ,,aI
issning the warran5s soon,ro1 ,,V DCoEo, &no
tn oo~o we narnd I'a' Ill 80 G e"..Ley oe'ecuye
d, "S - ie"'e Us eAPoSeu al lne ".i!e 10 con,
c.J cnn"J'ioi q, '"e same species oI forgery ana
~ ~ 'ou A"u aI'nouSn graves was elected
dltnou8h ulSPosed to dlShon-
1''y Il "Ie people, ana 'helr officers, had
Nv .io' Oeeu constantly S'uuv!hg and practising
sne Co'LoP.Ioll ol [ePodla'lon' the Treasury
,I;" %Gu,u ."'G oeen oe''GT guarded and every
t'"S oee'i NeP! Sa'e' flad IL not been Tor this
on p.'noI"9 Ioct'ine, II would have occurred to
=, tne NINA OF fa'her Matthews, who gave
uIaves d cGr'Iica,e mat lhere mad been none,
VI very 'l''e Sooo money PAID INTO the Trea-
n s1nFy' WINE ne NIraVeS) had been IN office, that