Holly Springs gazette., 1849-11-30
VOLUME IX---NUMBR Is
NORTHERN BANK 0F NISSISSlPPi.

Reports prejudicial to the soIvency of
the Northern Bank of Mississippi, at
Holly Springs, have been current for
some weeks past. SO generally had these
rumors obtained in Tennessee and the
upper part of this state, that run was
made upon the Bank, and also upon its
agencies at Vicksburg and Yazoo City.
We are glad to know, however, that the
Bank, as well as its agencies, promptly
met all demands, and that the institution
still stands firm to its integrity challen-
ging combined assaults of friends and
foes
Our readers are aware that the North
ern Bank is the only Bank doing bust.
ness in Mississippi; and amid all the ex !.
pansions and revolutions which have
marked our career within the past twelve
years, II tt.is III .sitgitti;,;S sssrs in sold re-
ief-an oasis ir the desert--a monument
10 the capacity and honesty of those whd
have cherished and protected it. 1t is
Mississippi institutlon--wh wholly Missis;
sippi institution and, for one, we feel
willing to stand by it until death, so long
as prudence marks its career, and wisdom
and honesty prevail in lis couacils. The
institution never has presumed to occupy
much space in the public mind, but has
y e o d e Ell i've n single g
instant, those who have reposed con-
fidence in it. Notwithstanding its mod
esty and timidity, it has met with one pm
abated tide Of opposition from the Ten.
neSsec, "nlountain money! bankers of
Memphis. To that class of speculators
(who fatten on expansions, contractions
and explosions,) is to be attributed the
spreading Of false and injurious reports
in regard to the Northern Bank. We do
not speak unalvisedly-re SPEAK Jy the
book, being fully posted up in regard to
the recent run as well as to the soleency
and general conduct OF the institution.
The Memphis mountain money banIs-
ers, as we have stated, created this late
panic-and by continuing their fixed poll
cytowards the institution, (Which consists
in drawing coin, refusing the paper, and
endeavorng to influence other, to reject
| h) may again produce similar state
of feeling. We arc assured, however,
from the very best authority, that the
Bank is pursuing a cautious and strictly
legitimate business. The paper is grad
ually gaining favor, and those immedial
tely interested in the institution are de-
termned that itshal Hue dorm all falsehood
and prejudice. Its, doubtless, the des1
ign of the stockholders to gradually bring
up the business Of the Bank to its ulti-
matum viz-one million capital and two
million ejaculation. So fag, It's business
has been quite limited, not exceeding the.
capital actuay paid in But,when The pref
uiice against mississippi bank shallhave
been overcome--when our own people
shall begin to believe that Mississippi con-
iains upright and honest men as we'll as
other states--the Northern Bank may
safely enlarge its capital paid in, and do
business commensurate withits charter.
The institution is in the hands of prudent
men and we feel free to assure the public
that they know too well what prejudice
exists against Mississippi bank, to risk
throwing out a circulation larger than
they can redeem at dny and at d times J
Kinds Ga-ectc.