Hannibal journal and western union. (Hannibal, Mo.) 1851-1852, 1852-01-22
sJoUNRAL AND UNION -HANN1BAIa me. JANUARY 81 $50

ever, il will be remembered he was able TO ride
or horseback from jefferson City TO Palmyra.
and concoct a scheme 70 defraud The State and |
Stockholders In the Bank out Of an immense
sum OF money What was this schemeP And
why did he yacate his seat during the session
OF the Legislature ana come to Palmyra, and re-
turn to Jefferson City before the President and
Directors were elected by the Legislaturep
The secret is thiG Mcdaniel wanted TO form
clique, that would assist him in his operations to
uefraud the Bank. Thus he came TO Palmyra,
chose his President and Directory
certain brick house for $500, for which the |
Directory was TO give him $1,000, FOR the use
and benefit Of the Bank. Well, the President
and Directory are elected by the Legislature.
A contest then sprung up for Cashiership. Ed
mDndson, Wright, and Col. South, the pres ant
Cashier, being the candidates. South W.. theI
successful candidate Of course, for w IVA. q
Representative in the Legisla.urc, From Clark
county when this Directory W ave chosen III.
mondson and Wright be;nc beaten. diyulged the
scheme to swindle tn. Stale ont az All 100. and
the Directory were. deferred from carving It
INTO execution, AM the contract was rescinded
between MeDaniel and one Of the Bank officers,
for the hc,use
lnus it will be seen that the Bank eoEnnen-
ceo ats operations under these circumstances in
ralnyra. Now at this period parties in this
iaNsgsy weYs nearly equal in point OF numerical
numbers. But the Bank conclave, determined to
promote their own selfish ends at the expense Of
every other consideration, set themselves about
to retain and perpetuate their Offices. We do
not include in this conclave the Directors on the
part Of the stockholders; because we consider
that they alone have sustained the dignity,
l.kc al r.
4 presssat administration. Blt alas. thsy afe nc
longer able to prop up an institution so rotten and
corrupt. All the alum salt in the universe could
not save the Palmyra Bank now. The resig-
nation Of the cashier of the mother bank, like
the resignation Of Mic. Biddle, is an omen
worthy Of consideration The Bank at this place
is as inevitably destined to 60 down, down, down
to the lowest depths Of ruin and bankruptcy as
slime shall roll her ceaseless rounds" We
venture the assertion here that our readers will
say before we have done, there cannot be found
in history or fiction, an institution that has beer
so grossly perverted and prostituted from the
objects of its creation, as has been the Palmyra
Bank by the Palmyra Bank conclave.
4 How did this Bank cabal retain and perpetu.
ate their Offices and power? All! this is an i'm.
pOrtant question to the Democracy Of North
Eastern Missouri, and to Marion county parti
cularly They are responsible for the manage
ment Of the Bank, and could have put down this
coHolave, but they failed TO do it; nevertheless
they are still responsible. We ask no questions
|, we cannot answer ourselves. How have this
conclavc, fromed by Maj. Mcdaniel, Maj
Blakely, Edmondson, Wright and others four
teen years ago, managed to retain and perpetu
.. ate their Offices and power? They have don,
: it by supporting no democrat for office who wal
not known to be favorable to them. They hay,
done it, by acting in secret conclave upon every
! su1ieet tat "a eseital Itself iA relation 10 la
: Bank or the Democratic party, without consult
= ing the wishes or interest Of the party; N
Democrat could be appointed by the Gov ernor
Director, or elected by the Legislature, unles
he would bend the supple knee to the mandate
of the conclave. Thus high and responsible
trust has been bestowed often; ah! too often, up
: on men who were neither qualified by nature
nor education to discharge the duties of Direc
tor--men wholly ignorant Of the science o
= Banking. And the honorable and intelligen
members of the party overlooked, because they
forsooth, were not made Of that elastic materia
which would permit them to be used by an ig
. norant conclave. Therefore, the party have
y dwindled down toa contemplate minority il
" this county. The bone and sinew Of the part,
have become lukewarm about the success Of tn
: party; for they witness Democratic Legisla
tue appointing, year after year, men to office VIII
have trampled every Dem ocrotic principle unde
their feet; and set themselves up as directors o
! the party.
D In our next article we shall confne ourselve
: to the 4th, 9th, and 9th propositions. This com
: muncation is longer than we in our future mum
5ers shall be, although it contains but little NOR
: than an introduction to our subject. When W
: shall have finished exposing the Bank managers
we will sketch the political biography, an
Il write the obituary OF the present President 9
), the Palmyra Bank. For great and good ma
a should not pass from time to eternity wishor
Q leaving memento of his greatness to posterity
e ADEMOCRAT.