Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1845-10-13
Nh. Stephen .7licn 10 Mr.. Hay:.

hLBANv Nov. 2S, 1882.
Dear Sr-No,hing Is more true than the observation
made by Mr.. Van Buren, at the Democratic festival:
lha the Democratic party, in great measure owe their
present and pfevlons victories To Idmnia,p Hail. the
pace "' concentrated opinion and action, and raj.
ly'ng point OF the demscracy of the city, OF words 1,
thai ELECT There cannot be doubt hui thai the build.
my ut that Hall, aud TINS far preserving II as Payf
Establishment. aud rayin place on all occasions for
me Republicans OF the City and surrounding Counties
has been one OF the means OF our lrIumphs.
was one OF the Committee who purchased the ground
made The contracts for building and raised the mo.
ney 10 pay Tor it..
The operations of that Committee nrduom and re.
srons'he as during the progress Of the work they were
frequently compelled them 10 raise considerable sums ON
lhe responsibility OF their avn names. The whole estab
slment cost about 500 900; all OF which was subscribed
ny individuals o the party except 81 900 oil recoecl
rgh) and Tor which last the premises Is now under
mortgage.
II The party properly estimated the benefit it has re.
ceived from the establishment this debt would have
been cleared OIL by subscription ong snce but such re.
SUI. perhaps is not III be expected.
thought has therefore occurred 10 me and which i,
is the object OF this letter communicates whether the
extinction OF this debt may not he effected by obtaining
the CHARTER OF A BANK, by the name Of THE
TAMMANY BANK.
there cannot be more favorable period Man The
present for snch az application.
Inc large majority we have in both Houses and the
good 'eelng evlnced by the country towards U.s. conse,
quen Oh The large vote given by the city 10 the demo,
'a'c candidates, together with The important object of
relieving Old Tammany from its emba rrassments with
other considerations, should presume would carry the
bill through lrlumphantly
The following plan ola Bank, | think. would eflec,
the object
me sorety OF rammany to be privileged to subscribe
t"i 3iOo,OOO OF The stock.
The capital to be five hundred thousand dollars at
least. ~ "
Inc bank to be authorized to loan the amount on their
mona, at an interest of three per cent per annum the
loan 10 be Tor three or four years.
" the Bank divide six per on its stock the so.
lIirI would receive three thousand dllars annually
orer and ADORE the interest on the lon which in three
years. would amount to S., 500.
! In The mean time the stock would advance in y,lue
and sold a, the end OF three four years would prob
ably he worth ten per cent shove par netting n clear
gain Of 81 200, by which operatoa the Scie,v wonIJ
be put IN possession of SO 0O0 fund more than sui
cltn' TO clear of The ncumbrance.
STEPHEN ALLEN.
The locoioco hatred OF Banks is farther exempi fed
by the following letter. which carries its own commen-
tary its face:
'nf' Ih"ddew Phelps. al Albany. to Nh lessee Hoyt
| at .\c,o York.
DEAR HoYr-We arrived this morning and have
already ACCOMPLISHED wonders. Orr influence has al.
ready made Sir Banks M the House, (no fear Of the
Senae,) and by morrow night there is yery little
doubt We shall have made 20 or 80 more You tsllows
VINO are IN favor OF the Repeaers may all now 90 to hell
| III your own way. Consider your restraining law re
~a'eu CONSIDER me partner in Banking COMPANY
= put IN $4,000 600 Call On John Ward for The mo
"ey' No more al present-Your loving friend
IHADDEuS PHELPS.
we WIN next 'ntroduce to our readers Benjamin F.
"""e' Esq',a al intimate personal and political friend
"' MI van furen. aud member Of his Cabinet during
MS Presidency; and now holding lucrative office cons
e'red upon him by Mr. Polk. In 1919. Mr. Butler was
rfesdea' OF the Washington aud Warren Bank, in
New fork-tor strange as II may seem, these ANTI
BANK l"cds never hesitate TO encounter "the poison.
Gus atmosphere OF BanFs" if they get good office
ana tat salaries and and what perhaps equally remark
aoe 50 lar IRON purifying the morals Of these insttu.