The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-01-28


MACON, Jan. 81 ls43.
State Of things IN Georgia-Natual.born Financies
The State Currency Trade Business in Geor-
GID Politics.
My DEAR SIR
ms Is great State, and conspicuous amongst
all the rest for our great financiers You talk of
wall street; why, sir, Wall street is not begin.
ming to us. We can make and unmake banks fas-
ter, we can swndle by them, and still be noticed in
the community; we build large houses hold pos.
session of them, and take the benefit of the bank
rupt law, and live In them perchance be the owner
after we get through; we move banks from one
part OF the State to the other, day paying spe-
ce and The next refusing; all this can we do in the
WY OF banks, and be sustained by the community
We are natural born financiers: half a dozen nj
our merchants are bankers. They have a large cir
cnlalon OF their own, what you call shnpIasir Rs
De sure Inis is penItlary offence but we re- so
fond of paper, if it has the least sembIance Of mo-
ney, that II is tolerated.; besides paper is SO much
more slightly than coin, quarter printed like bank
note on large piece OF paper, signed by half do
zen OF respectable men, OF financial talents is more
respectable. II has not a locofocoish ook-nothnp
vulgar Our Legislature, thinking they could legis.
late to please us, passed law prohbfing the issue
OF small notes, and made II penal offence The
law is a dead letter, and although he circulating
notes OF all the banks that are doing business are
redeemed IN specie, still the State is over run with
small bills and very little specie of course in crcua-
ton. Specie is very troublesome.
The head OF fiDanclers now is John G. Winter
very worthy, clever, talented man He is at the
head of the ST. Mary's Bank, and has large amount
OF small notes IN circulation drawn in Florisa as
checks, from SIX cents 10 one dollar PAYABLE in CO.
umbus, Augusta and Charleston less two per cent.
Tie has an agent IN every town in the State aud his
business ls TO travel from end Of the State to the
other with his bag full OF notes, to keep every place
supplied with the small notes, as he finds It quite
embarrassing when any considerable amount il re-
turned UPON him DIR Collins is our next dstin-
guIshed financIer, and good man he is in every
sense: he has been at the he I'd Of several banks,
all OF which appeared 10 thrive from his prescrfp.
uons, but believing he has mad good deal of expe-
Renee, he will understand the systons even heller
IN future; at any rate he has confidence in himself
ind purchased the HawkensviIle Bank The doc
tors that had charge of it before he purchased had
physcked IT to such an extent that il will require
with all due Difference 10 the Doctors Judgment
severe tones in shape of silver pills. to resusciae il
consumption.
Gen. McDougald Of Columbus, is also distin-
su'shed, more particularly In a late affair with Col
Hepburn, by shooting him in his bank We have
oo the particulars here, but understand he has been
acquitted: The General is at the head of the In
surance Bank, which he purchased from the Bank of
United Staies-but poor fellow! viii not say any
ming about hun; he isdown at hee and everybody
Is giving him kick as he goes, and he can not do
any more mischief will pass 10 a distinguished
hnancler-Col Nathan McGee, very amiabe, la
iented and accomplished man, who headed the
Phenix Bank He studied under your great Cana.
Iel, and tins Bank raised the ruins of an old
concern, and received It's classical name thereby
This hnancler figured for year as banker and shin
per OF cotton, and received credit from one of
your French houses to buy cotton He drew for
th,rty-five thousand dollars and shipped them as
much as he coud-setng all up very honorabIv
and alry. The Bank is now owned by mouse in
your G',y, and they promise they will import some
capital from France to sustain it, This will be can |
Oasis IN the desert"
oar Staic owes TO your PAPER good deal for your
structures on banking, and some OF us
hunk that we can see daylight in managing our
banks Tor the future. Your merchants will have no
rade from this State for two years TO come Those
hat have bought goods regret doing So aud all that
'omes from the State should be looked upon with
rood deal OF suspicion, If they ask for credit Our
lotion IN the interior does not net four cents to the
'an err; 10 be the crop is large, but so much is
in bagglng, rope, Sc., that nothing ia
carcely lett to pay debts with see some of your
New York merchants here, and they complain bi,.
ey of the bad faith of the merchants IN not paving
hem; IL is not bad faith-tis inability; and,f yonr
merchants continue TO foster the credit system bv