The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1851-03-26

Of these institutions and the 0undne of the currency,
had in the spirit of consrvato Of the currency admon
hed the bank not beyond the limit Of he present ope
ratOns, should we have deemed it unsafe
II the restraining sections of the act Of 1878 and l4 are
repealed By the act Of 84a which mind can
doubt the of 1850 could affect them in any way ana
your whole argument this point falls; and fuftnermoe'
the Of the Commercial Bank Of Natchez ps
quoted by in former paper, supports the CONSTRUCTION
which have put upon the l6th article OF the
For the reason whole Of your argument founded
upon the 18th article loses i force and pont-he law OF
1850 neither having reriped or amended any law
''During four years (your remak) that General Walker
and myself constituted the Board Of Currency there not
bank, believe, that we did not denOunce This word
seems TO be such favorite with you that am at loss TO
etermine what meaning you attach to it. sounds harsh to
American but If by the expression that you
directed the attention of the banks to errors they had com
mitted, and had those corrected then am that IN
this parc ula you have done more than have You Will
doubtless member that called the attention O the boafc
to gross and palpabe committed by OF the banks
in their weekly Yet this error had not been de
teced until the period refer crept INTO
their statements early lsA did not, however, de-
the bank, but, the spirit oil Kindness han COT
reced You that the hundred thousand dol
lars of the shares Of her capital Stock hat shs
which she had down under the head oil ex
changes might be placed under the head OF cash assets
the that they might be made available In the
nm the morrow If not under the head Of cash ases,
thought it might be put down under the head oi dtdd
,oeight' combaed all of those positions, and had II
properly corrected. The bank corrected cheeHuly ahl
promptly.
We will now examine for brief space Ii
it you are very careful express opinion whatever The
stated alphabetically and you SO state the
the court Should the sodecde. etc." Now. wht
can deny proposition laid down. But, you Intent
to affirm that such would be the judgment of the court
then take issue with YOU. affirm that such judgmen
would neither be consistent with law morals and in thi
opinion am reng ihened by that Of able counsel wou
not only come with constructive but actual notice OF tn
substiug contract between and B. C0nstrucre by rea
Of the registration of the act and actual for the Ieaso
that the requires of the Notary, under heavy penalty
cerify all prior acts of mortgage would be the innC
hhd party that you the contrary he come
in full knowledge and would not be allowed to enter
any such plea. By Of anaogical reasoning coul
show that the Supreme Court of the State has observed tn
principle. Such decision would be opening wide door
| fraud and colusion. II would indeed make nice
One word more. and am done. In your communication
which this a reply. you in justification Of mi
stating the facts, that " bound in my publication
conform hs record according the rules Of propety,
1t is too late for 10 intimate veneratio
for the record after having adopted the columns Of
per the medium of communication between yourself Il
Attorney General. and your eague and. furthermore
had already stated, in former that you had assume
all the powers and duties Of the Board of Currency and
sued highly despcttui to and for to NAL
that you knew the time und
these is without justification,
when finding place in paper displaying the and
per of your first letter, addressed to In using the e
preson" In this whole paragraph there not word
ruth did mean to charge with falsehood, b
| merely with error make this explanation for 4
that from the beginning to the end of this conovers
it has been extremely painful me, and am not unwill
| to soften down its asperties.
. GRO. C. MGWHoRTKR, State Treasurer.