Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1844-09-04

II L.. j TT L LhS1
WM. CRAPON,
Nj. r. SMITH,
G. WALKER,
A. WRAY,
JOHN USHER.
BANK OF HAMBURG. So Ca,
$50 August "a, 1874.
Gentlemen: Your favor Of this morning is
before me. aud il gives me great pleasure TO
comply with your request. The statement
! showing the condition Of this Bank is made out
/ every week for the information of the Direc
tors, andl herewith enclnse you copy Of the
Hamburg being ready at all times 10 meet its
| circulation or any of its liabilities promptly, i.
was not thought necessary hern,nfDre To nOtlce
the repeated scuritous ctsrucsenees Of All irres.
ponsibic Journal" and it is only in sense OF
proper respect due 10 you, aud those you rep
resent, that it is done noac 1t must be evident
to every impartial citizen, that the journal"
has heen for the last twelve months drawing in
! lis oysu puiSons. IT has actually JLdckguarded
i,s.lft to death, and began on the 2Ist to weave
its own winding sheet, offering five duars a
head for pail bearcrs and crying aloud tor
muurncrs Neither the Bank nor any of It's
managers have had any thing To do in the mur.
dero,is affair, either directly or indirectly, and
il is only on your account that we disturb its
remains. cannot imagine what iduces The
reputcd editor 10 pursue the course he does. Ii
he knows any thing he knows he IS giving vent
to n tissue of INT, uihs. but if lie knows moth
lns(which is said to be the casey then he should
| say nothing.
| do not entertain doubt but what another
is the secret mover Of the whole affair. if sU we
should mol be surprised at any thing. "tiaa-
man will never be- satisfied while MOrdecai sits
nj the gate" As TO the new press spoken OF, l
| know nothing save this: Mr.. Cochran asked
| u.s. among oilers 10 subscribe, which we read
| ily did, and we asked others also to do the
| same believing that decent community is ell
| iicled to decent newspaper but If unlOrtu-
nalely his should prove an ldecenl one, tor
one will Withdraw from il, aud If every other
subscriber will do The same, il will die also. 1t
is diSreputable to any community I" paIronlse
liceuious press. He who caters TO licen-
4 tious apprtites aids in demoralizng the comrnu
nily, and j. distnrber OF The public peace and
harmony In reference to Col PIcKEss and
this intended newspaper know nothing.
doubt very much if Col Pickens (who un.
derstand is absent lrom the Stale) knows that
the project is in contemplation. One thing is
very certain, there is nn combination between
! the Bank and him on this on any other sub.
iect. do no not believe he will get one vote
| ont of the whole direction and officers of the
! Bank. although he is the personal lii-nd of
many Of lH Friendship is one thing aud poll.
tics another and very different thing In
| South Carolina the latter has been found dec;
dediy the stronger SO much for the journal"
| and its repu,ed murderers.
| | will now call your attention 10 the statement
Of the present condition of the Bank OF Ham
! burg.
| You will perceive that our
circulntion IS s420,s90
Onr coin in the vault is $204 $50 OF
Due us in Charleston, 64,Gl7 45
+" New York. Sd, ,Sa6 "a
Savannah and Columbia, and
specie paying Bank Notes in Bank, 1851 ls
Makmgm all $32G, ,s63 96
Which amount, if applied in redeeming our
circulation, would leave balala.ce ul S94,.
DIG OF 10 beproyided Tor out of The exchange
due within 30 davs-lhe Notes aud the Bank
Stock and Real Estate owned by lh Bank,
amounting in ail to S6l9,267 40, without the
Banking House aud Lot, aud the bonus ac.
count, which after taking up the entire cIrcuIa.
| lion, will leave a balance OF s525,23l Sc; this,
! of course, belongs to the Stockholders. Should
any loss hereafter occur, so as TO reduce the as.
sets below S500,000, it could only affect the
stockhOlders " no would, on huul clUshg up
uf the affairs Of the Bank, have TO Content
themselves with less than $50 per share, (be.
ing the amount paid in,) which could njure no
ono who was not slockholder.
Il has been with view of keeping things in
this favorable coudiIion, both US regards the
bill holders und Stockholders. that we have de-.
cIjued, oil late years, to make dividend oi
more than 6 per cent, even when we had the
means of doing So South Carolina is not the
soil 10 grow musilrOoned Bahks-iiothlms hut
sound currency will, or should do her citi.
zcnS.
The next thing is, rs to our customers and
the losses sustained by them during the lust
season The Bank of Hamburg has been in
| operation eight years. The entire losses oil the
| Bank by lhe ciizens of this place. and, will
add District, do not reach twelve thUusaLd
dollars, or fifteen HUNDRED dollars per annum,
and in ercry instance when loss has been sus-
tanned, | can, cOnscIenuolisiy, lny one hand
upon my heart, and the other OH the nsUlvent's )
| head, aud say "thou art u poor, but an honest
man." ! understand much has been SAID, ds
| regards the lusse, on cotton in Hamburg during
the last season.; that heavy losses were made
during the latter part OF the season, there can
be no doubt, this must be evident 10 every one,
bu, the persons IN Hambnrg, who weie the
| oos,rs in llie latter part oI the season, made
| largc profits in its commencement, by the pur-
chase OF &C ton at 8 10 8 cents, and selling il i'm
| New Yord nnd Charleston at 3 aud often at 10
and II GEMS This enabled them 10 sustain the
heavy LOSSES in the spring and those losses, so
far as the Bank is concerned, were all paid, ex-
cepting eight thousand. four hundred dollars:
| of this, we expect to lose $5,00O certainly not
more, and it requires this amount To make the
sum of twelve thousand dollars. that the Bank
has lost lrough its citizens, in The space Of
eight years. Tie losses of the Bank for the
! asttweve months. in Hamburg and elsewhere,
cannot reach the surplus made and curried to
that account after the dividends Ut 6per cent
to the stockholders.
4, combustion I yyoull now saw that as truth