The Arkansas banner., 1845-09-10

made of the State Bank paper, which, by law, is directed 10 be cancelled and burned when collected, the objection will be found 10 be equally erroneous, and certainly betrays a most dsreputable want of proper information in relation to the subject.
 We had supposed that no one was in favor of putting this depreciated paper into circu- lation again, and consequently, that it was the settled policy of all, (except repudiators) to cancel and destroy the obligations of the bank, whenever they were paid off and re- deemed. Then, when the two hundred thou- sand dollars of State Bank paper, which was in circulation at the time the bank went into liquidation is all taken up in the collection of her debts, will not the very object of her going into liquidation be defeated, by throw ing this money again upon the community. and thus creating a new liability, and perpe- tuating this bank calamity in the country :
 When an individual holds your obligation for thousand dollars, and you pay him the a. mountandl lift this obligation, will you destroy il, or will you put it out again into the hands of those who will hold 1t as liability ot your estate And suppose you adopt the latter course, at a time when your notes are appreciated hundred per cent, will you not at once he taken to be reckless and unprin- cpled fnaueierl
 And in reference 10 the main question of rePudating the debts due the bank, can not see upon what princi5Ie it differs from lcPu- diating debts dae al individual. I on borrow a sum of money from your neighbors, and
 
 of each of which yon give your obligations 10 the proper party; can you tell me upon what principle of moral justice, or political honesty you can be held to pay the one and be absoIYed frem the otAo93 It caa be iusli- fled only by reckless dishonesty, that hope never to see adopted as q rule of action, fby dominant party in Arkansas.
 But Mr. Editor, arc yoH ready to say all this arguments unnecessary, that you are yetin want of evidence of the existence of a rePudiating party in oHr country, that the people alluded to have 'sutmiaed their ca ses to the decision of q jury;o tiat ''this is no repudiation-Ho attempt 10 disturb the proper administration of the laws and that you are yet uninfnrmed as to "What could have given existence so the rumor3 To satisfy you in this matter, permit IS 10 ask if it Is not true that the people have been haraagued in the Heiehb5ghood of Batesyille, in favor of ropudaioa; that tbey mean 10 run upon that question for the next Legis- alure; that tha doctrine Of ,bufning the bank books" .'and caaeeIlng all private indebted ness'2 10 the bank is openly avowcd; that some of this party have been SO bold as to declare their policy in a public communication; that they are strongly suspected of having formed a combination at dle lata term of the clfuit court at Batesville, to defeat the ends of igs,i- ce, and effect their -epudatine purposes: that a general meeting Of the bank debtors is 10 be held at the next Independence circuit court; and that a contribution Was raised among he bank debtors, 10 buy he bank house at BatesyiIlc, at late 3Iafshall's Sale, in order to possess, and control the insti,u- ton to favor their views
 With the evidence before us that all these things, and many others of like character, are certainly true, we only propose To notice it in this manner, as an evil existing in the country, and submit il to the consideration of those who are more capable of pointing out d remedy, aad whose province ii is 10 make the proper application. JUSTUS.