The Evansville journal. (Evansville, Ind.) 1834-184?, 1845-10-16

President Butler to Mr.. Hoyt.
SANDY HILL, July Sd 1919.
IL, A. M.
DEAR HoYT,-All goes on we'll. Caleb
arrived, last night, with The reinforcement.
Your extract aUas nell timed. | wish you
would keep the Albany merchants back. lis
rather bad friendship 10 get our ~billsiogether
and post them up here, say 80 days sooner
than they would otherwise come. Al the
worst they would go into the hands OF Bro
kers, which is the best place in the world for
me. | have received a very begging, coax
ing letter from Mr.. Olcott, but as WiswaIl's
money is not half paid, don't trouble myself
about it.
Yours truly, B. F. BUTLER.
We cannot follow this interesting cores
~pondence, which is as rich as this 10 the end.
Benjamin writes Jesse, on July 7th, that he
has paid out specie "very literally since ii
arrived, but shall now HoLD UP'-(July lO,)
that II will ralhar suffer the public 10 fret a
little than hazard the safety of the Institution
by paying out TOO FAsr''-Qittle fear ofthat)
Il pay $500 10 $1,000 ~daily-chiehy IN
specie-satisfying all proper and fair calls
and Aug. 24) that 'the Bank will keep pay
ing in a slow way,n etc, etc. Meantime Hoyi
had inserted in the Albany Daily Advertiser
an "extract from a letter dated Sandy Hill.
June 29th," which Butler writes 10 him (Ju-
ly 3d) "was well timed" The 'extract' is
as follows,
SANDY HILL, June 90, 1919.
"The run upon the bank still continues
but The alarm in this section Of The country is
wholly subsidized. The appearance of Mr.
Barker in good health and spirits among us.
satisfied The people that The Washington and
Warren Bank would sustain no loss by hi:
temporary suspension. All are delighted
with the accommodation disposition of MIR
Butler, the President. When there were
more calls than his own hands could satisfy
he called in ~neighbors 10 assist him in paving
And when there were more than all could at
tend TO, he requested those persons that came
with the bills, TO lay them down and take a:
many dollars in specie as they brought in bill
and retire 10 give room 10 others. Many came
and saw The counter loaded down with golt
and silver, and went away satisfied that al
was well, and that Sandy Hill was not with
out its grains of goId.' You may tell you
Albany Banks that they had better be a litiI
more sparing of their d%enunciatIons
for their own vaults may have to atone 70
the sins of their keepers.-Sell all the good
you can for those notes. But you had bel
ter not send up until the alarm has provet
groundless, as you may be trod on in tn
crowd. When you do send, however, you
will always have the preference over broker
in being waited upon, for we do not mucI
: admire those leeches upon the body polite
/ in this part of The county"
On the ,5ih of February following, the note
of The Washington and Warren bank wer
selling in this city at 374 Cts. on the dollar
on the 4th of March, 50 cents. Mr.. Buile
was notified by Jacob Barker about this tim
that his salary as President could not be pal
much longer, SO he resigned the Presidenc,
which he appears 10 have filled with decide
{ industry and zeal, and no little ability, consit
: ering that he was then green in finance, an
] hardly % years old.
We are bewIldered by the multitude
rich letters before US, and the seeming nece
J sity Of doing "equal and exact j%ustice'' TO a
{ the dirty inirigues here pilloried. AS, how
ever, our specimens have hitherto been take
o mainly from the odd Hunker' side Of Ill
house. We shall take as our next subject
c choice 'Barnburner,' no less a parsonage iha
d Prince John Van Buren,, the Attorney Gel
e eral himself.
o The Attorney Generals letters here puI
Iished were mainly written in 1884, whe
e the land was convulsed with the throes of III
great excitement caused by the removal
: The deposites. That high-handed and mo-
e calamitous act of ~despotism was regarded b
intelligent minds and patriot hearts throug
out The Union with deep alarm and with a
prehensions which have since been amply r.
W allied. But Prince John appears to have t