The Arkansas banner., 1846-03-11

on the 3dn., fn,ck on the 1st July following, in
 and fixed S' 'J rithom erpense to the State, the
 ahnum- x, m her, amounting to Sl00,0 ,000.- me, and so declined acceding to, giving as a piigpredecp,, bat they dared not pay out even alowed tbo ,nt during such panic as then ex-
 been alowas They, however, agreed to receipt for
 Those ne,s' Q of S10,000 oil account of the Was conee.SS of public moneys at Little Rock, |ol 10 Der osA had been authorised by that off
 lreasuv ' e a,ke), and to give me bills of ex |nappenpd' h.. @ an banks in New Orleans for the
 tered On ,sa %d T S35,5S3 S3. Being satisfied that arger anonn, inc best arrangement 1 could possi-
 redemplio sff with them, and knowing that In receved osa Inf ieopardize the interests of the Po On wbcS Fl acceding to it, agreed to that pro u per Cen, VI Accordingly, I made the deposte
 he close ofg 100 for the Receiver, took the bills pm the du6s." ,npe on New Orleans for $35,583
 suggested e inc written pledge of the Agricul-
 entitled no n D0 nk to pay me $1O0,000 in specie, at hargng o, n re on 1st July following, at their sane lavIF ,. retaining the transfer drafts for ffence onlv XDO in my own hands.
 ne persons on proceeded to New Orleans, with
 amount rece s of exchange for S35,583 83, pre- ''e laws Were be, got the money, in specie, brought
 without any n Little Rock, and received from Judge
 ats U. Of the ifs feld the Receiver, the $l0000 had
 osate Gove1 ed for him at Natchez-making the |above, ba, nj then in my hands, in specie, S95,- Pct-that m 3-less, the actual expense of my trip
 was apn,o. ,nhez and New Orleans.
 aered ao oa Ind ma week after my return intelligence ssh of te d here that the banks at New Orleans Ivtsr iw@ Na,Aez, as we'll as number of east
 ad been fxs banks, had suspended specie-payments au entered o and cry was immediately raised by
 ne !ne office Fhig opponents, that the Sl00,000 due
 Il the duvM Mhe Agricultural bank would be lost, '"ts the pOrl gh my mismanagement, and the panic
 n'eh this Sa ITS of their party set themselves busily oongp& pk to make as much political capital out n' m expected circumstance as they could. Although o' and yets no apprehensions on the subject-fee- |ure, n past satisfied that the course l had pursued ' 0. the T the best, under all the circumstances,
 mount of could have been adopted, and that there | me @ay mo danger of loss to the State-my de- esfre, nation was promptly made, and com more cated to only two or three of my | erpews ls. l started for Natchez on the first ey, or for again presented the transfer drafts
 aHy tva Agricultural bank, and, on their being
 nave been sd payment, had them protested, and
 Ter he had aeded without delay to Washington city,
 sun of s3 pI presented them to the Secretary off litdouiNt WHO, HUI HdNlil0 lL III HIS pOW-
 hm the consequence of the dedication of the SpoHahh bsite banks, to give me other drafts that oulanyo Id command specie, cancelled the pro- salary of drafts returned 10 him, and gave me \ lnehw rS, for the same amount, on Cincinnati, l No Lei sville, and New Orleans. With these
 onabe an urned in haste, to Arkansas, collecting,
 led ecur ny way, the drafts on the two former 10 dsha s, ill the notes of the banks they were i h}Veba VII on The other sent to New Or I olhee on s after my return, and collected in the | In my m be way: The funds in which collected Ve Fma ke drafts were notes on the most solvent oi the ks in the West and South, and were
 Y to ru bal to specie here-being eagerly sought cfeaTd fr for remittance, by our merchants, in topa@ fhange for gold and silver coin. For the
 Saas h of this fact, ] appeal to the officers of raaysE State bank, who paid them out at par, andlR hout the loss of cent. e mag1 Dn my return from the east, found two
 was Ter transfer drafts, amounting to S95, ,5S3
 mnlA on the same banks at Natchez, being the |
 ealta frl instalment, payable on the 1st July, | I oa 5hich had arrived during my .abseuce.-
 cal tn hese offered to the State bank, and urged |'Mlea to relieve me from the trouble of col | nla tting them. This she declined to do, and
 s delI was driven to the necessity of mourning an TAa1 kpense of Sl00, to send them down for
 ce becon, and did so at the same time that
 reward sent the new transfer draft for S34,000 on l esi lew Orleans, which had received at Wash during gton city instructed the gentleman to
 xapH1 hom intrusted them, to demand specie in | Ne ne| yment for the whole amount; and, in the 'lGat ent of being refused, to take notes on cer
 oOahI in banks in good standing in New Orleans. | me he Natchez bank refused to pay in any | lee bng better than their own notes, which
 alO7| |ere, of course, refused, and the drafts |'laH rought back The draft on New Orleans Id3i as paid in the notes of the Bank drawn on, oV@s nd the proceeds paid over by me to the some tate Bank. On the return of the drafts on he Natchez Banks, again offered them to I F0RI he State Bank and this time she accepted | were md recepted to me for them, and, as l was Fs VII Subsequently, informed, collected them in fmG Mississippi Bank Notes, which l had re- i DOM fused.
 was absent, on my two trips to Natchez fm And New Orleans, and to Natchez and Wash n.u ungton city, upwards of seventy days-at a '%s period, too, when my personal attention to
 . Amy private affairs at home was greatly needed, L.b. and probably at personal sacrifice of not
 ", less than 5000! The expenses of the two ahls "ips, including DetWeeh pSoo ana fpooo' pau |@., my agent to Natchez and New Orleans, and
 ,wo Tor freight of specie and other incidental ex- mn penses, amounted to only S595, for almost ev- I". cry item of which lproduced vouchers to the |T, Committee on the Auditors and Treasurer's [,., books, who examined and passed upon them; I~sb and feel satisfied that no gentleman could, | 'as m those times, when the expenses ol trav- cling were extravaganty high, have performed 1 the same journeys, and rendered the other
 g services charged for, for less sum. As |u stated in my memorial to the last Legislature, "according to the usual rates of freight and insurance on money; or, according to tie per centage and mileage allowed, at the time, by the U. S. to the receivers of public mon eys who made deposites at adistance; or, ac cording to the allowances made to the com missioners for the Banks of this Sate; the surpluS revenue fund could not have been