Mississippi Democrat. (Carrollton, Miss.) 1844-18??, 1845-07-30
CARRoLLToN. WEDNESDAY. JULY 80 1916

strafed that capital cannot safely - intrusE-
ed 10 Incorporated banking companies.
The managers OF the bank denanas3 81
me the payment OF t~0-an1-a-haF per
cent. IN adranee, On The ave millions Il
dollars Of stock reserved % The Safe. I
was Unauthorized 10 make the payueat.
and promptly refused compliance. Theirl
object was 10 commence diseoaniinw IN
the spring Of 1855. was urged ~ M
mer0ns persons % issue and deliver = The
managers the whole fifteen and 4 hall MI
lions in State bonds, In order hat they
might Be sold fsF lhe relief Of The pecple.
II IVES eontended that the lexisl<urre woald
lsaecRon The measure. and was prS.sed
to call it together Tor thar purpose. o.
the 23d OF M1rch, 1858, Chancellor Tur-
ner addressed me letter recommending
that the State bonds for the Uaioa Baak
be Immediately issued and sod n Nairh-
e." He informed me thai they would Be
/" taken here at par Tor or Szss paper,
and lte rrry best Of u. He further as
serted that " such fund in the hands of
the Union Bank would give immediate re-
lief to thousands Ct our suffering feilou-
citizens, and save the Safe the waste Of
time so important al that momeat- (House
journal 1912, P. S57.) The Cha0celisr,
I believe, was at that period. ! direeior of
the Natchez Railroad bank. Tke rs-v
best Naiehez bank paper was thea a a
discount OF fifteen per esrt. he Nasrh-
ez Railroad Company, issued, "a the year
1888, so, about one and n hall miliioas az
dollars in paper money. which speeaiis
deprecated Two-thir6s Of Il had been
paid in worthless Planters Bank s,ock,
snd the residue cannot be sod n market
at ten cents 10 the dollar.
A law passed IN Nav, lSS7. Placed al
banks thSrezfter 10 be chartered subject q
examination D. he hank eannsSsioaerx
The Union Esnk VAS ros then ia exisl.
enee. In The iasi 81 ISIS, shose g<nsie.
men demanded a5lSissioa - The Cnioe
Bank. in order 70 Peric<m he duiies e.
Joined upon them By law. TIE board a
managers, in Al insalling Letter, refzset
them access 20 the bank. Tbs ~yecluG,e'
me from then ob,aining fail icfarmofsn a
The facts connected with The sale q ~
Ql1le anu tAlI tz4"% Z az IL - A4zE -
fex days before The legisl4isEe assenkls1
in January. 1889. oblaiaed frun g.
La Pei ~ee~ral saesee~~~s ~ kaa
affairs. and copies 4 tie pspers esuneri-
ed With the sale 81 tke SAFE hcnts -
1898. These 6oegments weee re<eivs1
al 4 period to0 lAie u be aszIsze4 fel,v
and commented On "a nv Eaesaxe. NJ
messages | have al~ays rrepsred and
handed TO the printer besoEe he uees-
ling Of the legislature, in order q BE rea-
dy for dis;ribuiioo. nv annaal messgs
OF January, 1889. was writes n Decen-
Der. lSSS. | summed up The Safe DEB,
as claimed of the aie. and iscl1ced ras
sum OF S3S2. 395 50. part 4 The s1-p,us
revenue deposited BY the Ualied States
AT that period. but one miiiioa g 6a,i1rs
had been paid on the Unien ho13s. Thg
following paragraph in he message prove.
that took the earliest oPPo-tsnlsv q pro
testing against the disposal Il the Uais-
Bank bonds. therein declared thai-
The honds bear interest ira ne Gat,
thereof. and the bank has already pai6 co,
hundred thousand dollars inieresx tAereoa
/ InaSmuch as The bands were sd oa ere
dit. and interest accrued fron tAeir dasr
J Il Is certain tAey were sold 81 less TIA,
their par value. The hank has theEefar,
, paid interest q Ese miHlans OF 6oliars 6
the use C ere millons and wsl hare {
{ pa interest a more mcney tAan Il IA
. resolved unt1 the first day C Jaly nex'
: The commissioners Ser ne sals e q.
{ bonds exceeded heir instrscEsoes. ~. =
doubt. ohtasaed as marh fcr sAem Is eo1i
have bean nd n shs tinae e - $40. A.
! ANXIOUS desire - place - B4ak "a
I speedy operallons was csrsriniy cemnec1
: ahle, bar. II he sane ilnae. - s6>iaren e
!. The charter sAoaid have ee<a saseaaaeA
: This, sarelx. xas s.ir u.rasa<. Mas
J thousand caeses e la me=ea<s ser
: printed hy order Of Tie LegsslaEsrs. az.
! wiisly Distributed. Il ai-o appearea !
5 most q tke paslc pinrnals = tAe 81,
: Capitalists. haakers. and lanancegers e.
generally eallghiened n<z. 81 are ser
cansious . saAe goad esoasel s<<re ~.
: embark q heary eperazi1as. ~ erPx
I meats are u - hahis of pzalssAaax 60
: bed extracts fron INV messaees. ~ e
> deavoriag = Prove shai Aase s4a<tsos
+ "a The Planssrsf and Uses Baak hoa4
= Sach : ncE - Escs. Il - ~ aznu
: DeSsases. ! haze tsk<n 6e<szs1 EEeuz
s against The haakinE and fz.dzaz syaleE
> TIE kahil.Eies - 10 Unsaa 3d. afv :
: much shnft Il TO miilsanz = aaaars. q
L clasixe q ker e.pinl ssc~k- Aas& of a
> amonnt IS beea pa e. saserszt q 4