The Democratic Whig. [volume] (Columbus, Miss.) 1842-1843, 1843-09-07
Flon lhe slaIe.maa.
aI.OTs AND CO.'S \

From Tie Statesman.
aLOTs AND C0Bs
Parsou Matthews says. We were uslaken
IN iho amount we sci him down as hapihh 5or
rowet frOn the Union Bank. He saws Sc hor
roWed Coz hhnsei only $500, and hR Inability
as endorer was only &3tO0--that h8 has maid
al which be owed "a Ills own account and
portion 81 his liability a. endorer We lAqc
examined The books 10 ihe bank, and End ihe
Parson had borrowed exactly the amount sla-
ted Ihessate TIE facts. which we haYefa-
ken some pains 70 asreuain Wien lie Par.
sons ffstnnlo ior 3 ! 500 iell DE. 10 borrowed
1923 dollars more 81 the bank to take 4 Or.
WHICH 10 kes, IN hll S2.625 This o3eraion
10 what bankers clll NreneWlng, bf ua eall
accommodation We should Ike 10 kn-w il
i d not as much bank accommodation 10
borrow money p p bank 10 pay what q man
owes % pias 70 borrow 70 pay whai lhs bore
roweg owes TO some other person The is.
iiactiou IS ton nice ior ustomabe AID ne hork
does moi make ills disiipct'on apou rs bonhs
Every man IS cisrgeg ior each note which Is
discounted for bis benefit, and credited ior vbag
be pays.
Il is very probable that m1ny IT tle uthar
bank borrowers whose Indebtedness when put
hsheJ. may have been made out IN the same
/ way We have not. and shall not siop toin
quire whether pari 81 the amount wer9 Dor.
rowed 70 pay VIVA they owed the ba1k itself
or for speculation. Il "a borrowing money
from the bsak. IN ether case keillsetdQ
We caro- whether they have paid pp every dol
lar. o. whether they still oW The bank. as most
ofthem DO, and as Parson Matthews doe. We
give their names 70 show who used the ank
aud 70 show that, by borrowing the money
which tie bank oblamed npdn the sale oitls
Estate bonds, these borrowers, at least, are IS.
Topped u law and Justice from no refusing %
pay lie bond holders upon The plea that lhe
creating the bank was unepnslitutioaal.- =
They have not onlg crived eli the benefit q
the bank, hul by ,lealin5 with It, hey nave Re.
coguze,l i as alsga.ly existing institution. and
approved Tue manner ID which the bans Oh
iained the money which she loaned them
4 s.woll Known, By those familiar Vih III
q history Mthe Un,an Bauks that no man could
Hoblain lnansff L who pappsedus posl-uoil
pohcy--a policy which, ia The end. reduced ,
to insolvency. These men, then advecalal
and lauded ihe bank add is policy o. shel
could net have obtained Iaaes
Blu, however this may be. IS l bee9nmg u
those who used TIE bank ard is funds--whl
were silent upon al consii alienal objections
uniil they bad borrowed ali he money wincl
} The bank could obtain from he sale ct TIE STAT
! honds--is i decent Of honest for these men <,
say nom % ihe 6eiralded bond holder Thai h
I shallnot be pdid Augustus 1omlneon wouh
J have POSSESSED more erahtsde ii he bad 10
clearer perceptions Of Justice aad moral recii
tude
VI NJ GWlN borrowed for 8is OH
Liable Is endoFser 25l72s i
ToislEabilir,u s3ti.7sl 3
IS. III PllGKETff Brandon bank no'orfl,i
wfo QfFer d believe The sta'g va
(. boqndiopay the Union bank buads boz
rowed 0l.e5a 3
Liable as endofseE legl49 s
q Total labiitv, 1al 09 D
ROBERT MAXEY, reFudAsihe sndNal
lor tho DEL stature from Raniin cHlaN
borrowed as principal 3125 0
liable as endorser i,s5e 3
Total liability 5000 o
{ ELlSH ASrEVENs.s fepudia,ing cshdldai
iar lbo legislature rom Rankin count
liable ss nndofscr, 2i00 q
{ ~. a. SAlHTH, repudiaiing editor 81 It
Guud 6nli Advertiser borrowed IS prl
cipab $1,000
Liable A. endoHeE 2000l
q Total liahiiv. $4,000
2 FRAN KILN SMITH. raaudasing district .
E Ufney, and aulhnr u The gIeat ialiar q "a
roI SDerceoi Bffimore, borrowed SOU
I. Liable as endofseE 2H00
d Total labii,y. s60B1O
> JESSE Spkl6HT, fepudiatne precedent
Z the enaie, borrowed 5000
Is Liable as ondoneE 5lO00
Total liability sin000
> T "A. S. DONlPHAN. fepudiaiing editor
D The Free Trader. borrowed as prinl
10 pal $3.50
-
q. eve understand thai Mr.. Stephens hss b
D. up. bntthis does bot elIbel lbe fact Of bis ha
y, ne obtained "a actommod iiion.