Arkansas intelligencer., 1843-04-22
For the Arkansas Intelligencer.
Financial Arrangement.

Messrs. Editors.
have just seen = gentleman who has spent few
weeks about the circles Of Little Rock and from him
have learned few financial facts, worthy of mem
ory. These the important to the country, us
they give certain Indications that have an in
creased circulation OF the shelter currency"
The 6st Of these financial operations relates to the
manner Of paying creditors their dnes. The last Le-
gistnre. under some pretext other. sent William
Field to New York, to superintend some law suit
On tho return of Mr. Fhe presented his account for
i've hundred dollars for services Although. would
seem that, BY the late bill putins the State Bank
liquidation that admirable plan, by which the crcula
ton of Arkansas Bank paper, to have been so soon
abolishedthe Commissioners and Receivers ought long
since to have entered upon the discharge Of their du
ties theEcby supercedng tho old Directors yet the
old hoard, ordered Mr.. Field TO be credited with fifteen
hundred dollars. his notes due the State Bank
thereby settling that IL they had five hundred dollars
to pay Field, ne might have purchased fifteen hundred
doIiars. coucerneo martcr cerIaInIy aruuu
from disinterested motives; for understand that
Charles J. Bertrand, director, rendered an account
for about seventy days services the Bank on some
like misson--at Ave dollars per day. This Bin was
tested by the cruoble ana Mr. Bertrand receiv.
ed credit for thrice s35o Col Hampstead the Bank
attor ney avery conscientious man. presented and had
allowed. an account, over and above his standing sal
cry of FIVE hundred dollars for services rendered in
tho Supreme Court-these of course uot being en-
braced in his Office Of Bank attorney, which bound him
to every servce-and this five hundred dollars was
multiplied by three, and the Col received credit for
fifteen hundred dollars.
l was at first incredulous to these reports but
] have tho statements upon too high authority to
doubt that they substantially If however
any Of the gentlemen concerned will deny the state.
ments, shall be happy to correct any rela.
tion to matter which have second handed.
have been surprised at the silence of the Little
Rock press the subject and only account for
upon the principle that. The Gazette does not wish
to anticipate is Bank history.
Since the above paragraph was written have seen
gentleman, who says that, the Editors of Little Rock
have shade Of interest in this matter which renders
silence the better policy The last Legislature contract
ed for The printing of the laws, and journals and of
made the contract for par funds But after the
division Of the.spccie on hand, among the members,
there little left to pay for tho printing Of their
proceedings; the Legislature left the cxecutis off,
'cers Q manage thismaater they best could. The
Governors cabinet more ingenius than Capt Ty-
ler's. They get along without his Excellency--
They soon rsct6ed tho Arkansas money somewhat
after the manner OF the bank operation, with this diff
ference; that the Auditor different multiplier,
Mr. Colby for instance certHes oa thousond
dollars. according TO contractthe multipIies
by 2z--thus for thousand dollars he receives war
rant of sa,5Oo. Now Judgc Brown. the other day, a
man whose services at single riding. more labor
ious, ad. more expensive than pleasure trip to New
York. was compelled 70 receive quarters salary, in
Arkansas Real Estate Bank bills par Yet there is
Us much law for paying him two and half for one, as
there i for paying printer any other creditor of
tho Government. / am curious to know when the
Bank circulation is to be consumed at this rate.
have looked over the Bank laws in vain, to learn
by what authority Of law. these proceedings are had
am told that all the money in tho Treasury il ex
hausted but that the bence Of the surplus revenue is
placed at the disposal Of the Treasurer. And prey
what authority docs ths sve to the kcsper of tho ssh
in Bank, to pay out werthiess rags Il any prce' II
tho money r. rcceved deposts-szs not depostoss
. be paid in the kind of funds deposited? II viewed
part Of the Bank cattai u thsrs any law for With
drawing that capital IN issedeomabie funds? Col. 81
motion Of Huanccriss .bused ss tis
And by what sathorty ero Askansas bills paid ~ by
the Dankf ought mot tho cancel hammer 10 ksvs
passed over them long siace7 UNo