Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1845-11-01
LOCOS-BANKING.

Buren's students and pets. Mr.. Butler
took charge of the Washington and War
rem Bank at Sandy Hill, early in 1919,
which failed toward the end of that year.
The correspondence will show how it was
kept up during its brief existence. We
give the religious letter precedence
Benjamin to JeS on The great Salration.'
SANDY HILL, March 9th, 1919.
DEAR FRIEND,
You have really fine state
OF political confusion OF Albany. think the
situation Of the Governor De Wit Clintonl is
daily becoming more desperate.
am more and more pleased with my duties.
They require industry and attention, but they
give me more leisure than had while in Albany,
and furnish me more easily with sufficient 10
provide for my household.
The only difficulty here is THE WANT OF
the stated PREACHING OF THE GOSPEL
Had ace taHhiNl aud respectable minister and
1rere the people more anxious for and attentive
bit the continuance of health TO make this place
delightful. The contrast between Albany and
Sandy Hill in this particular is great You do
not at all estimate as you ought, the peculiar
privileges you enjoy. They are remarkably
great. 4 The Gospel is either
'savour OF life unto ile," or of "death unto
DEATH" And how can those escape who ne.
glect so great salvaton?"
Yours truly,
BENJAMIN F. BUTLER.
Now, after grace, for touch Of Finance:
SANDY HILL, June 29h, 1919.
JESSE HoYr, Esq, Ill State street, Albany.
DEAR HoYr.-The enclosed will show you
how the "worId wags." One Of those persons
that | told to wait until their turns came, was
THE YOUNG PATROON, who had or
| $500 taken for rents due his father
If you know hm-as | believe you dol
wish you would FALL IN WITH HIM, and
ask his opinion-I knoto 1t 1UiH be favorable,
although / did not pay him, because he sat
wihin mig counter, and read the papers, AND
DRANK WINE WITH NE FOR TWO
OR THREE HOURS BEFORE THE BANK
| CLOSED, and saw every man who had come
| from a distance, or acGS poor and needy paid
in specie without moments delay.
Now, il his opinion is friendly, dare say it
will pass current AND BE A LEGAL TEN
DER in your DUTCH metropolis, and ii scould
dnsocer for CIRCULATION, &c. Let me hear
how every thing goes-and what is said and
' B. F. BUTLER.
Seal and send the enclosed after reading it,
II the loan with Baird was concluded, and you
expect the specie on Thursday, you may perhaps
ask Caleb Barker to stay for it. If not, tell him
there wiU not be A LOAD until next week. HE
AND EVERY BODY ELSE thinks / hare
TONS OF 1T on the 1cay
Per Mr.. l.. Clark
SANDY HILL, July /, 1919.
Jesse Hoyt, Esq. Albany.
DEAR SIR,-The enclosed you will send by
the first boat, after reading it, &c.
send you 25 TINES. You see how boldly
we come out | have dcliberated long before
ventured it-but, as it's part OF my "budget
Of ways and MEANS" have at length concluded
10 run the hazard.
If the specie for Schuyler's note could be OBJ.
tained you could send it by the bearer.
Send the papers on Saturday. Tell me what
you think Of my bulletin.
Yours truly, B. F. BUTLER.
President Buffers manifesto, referred to in the
preceding letter, as a part Of his "budget Of
ways and MEANS" and issued after Mr.. Bakers
visit, was as follows:
[FIOm the Sandy Hill Times, July 9, 1871
| The following communication on the subject
OF the Bank in this place may be relied upon as
coming from an official source.
For the Times.
Washington and Warren Bank.-The excite.
ment in relation 10 the paper Of the Washington
and Warren Bank, beginning to subside, per-
haps it may not be iltimed to request the atten
ton Of the public 10 a few prominent points,
connected with the operations and character OF
that institution. The sudden and unexpected
suspension Of payment at the Exchange Bank,
together with other causes, produced very ma.
turally, strong suspicious Of the solvency OF the
Washington and Warren Bank, which were
greatly increased by the malicious prophecies
and slanderous reports Of persons who regarded
its success with jealousy and hatred. The con.
sequence was, the rapid and vexaious return OF
its notes, accompanied with demands for specie,
or for such bank paper as is equivalent thereto
Mr., Barker, foIeseeing this result, and fearing
that the bank might not be able 10 withstand
! the first shock, although confident Of ultimate
success, very fairly assured the public, in his
address, 10 them, that the Washington and War.
rem notes would all be paid within sir'y dqgs,
without promising that the bank would not be
compelled to suspend, for short period, the pay.
ment Of its not,s. 1t was found however. that
q course so unpleasant and distressing was unrc
cessaTy, and that the bank, By rcs0rling 10 lis
legal rights, 50 far as ii respects brokers and other
banks, would be able to ride out the gale, and
that too without pressing those that owe the bank.
II has continued, and tcW continue its redeap
.tiOnS, and is aJundQntly able TO pay all lis debis
to The 'uttermOa JaHhing.' The debts due to
the bank, amount to more than double their
IL Al