Hannibal journal and western union. (Hannibal, Mo.) 1851-1852, 1852-01-22
From the Palmyra why.
THE BANK AT pALMYRA.

r Gu W OOhShe VIC WhOlc pcJplo VI ultS Bhuk
! district, and not party or set Of men,
Our purpose is TO inquire Whether the OBJ
ject Of its creation has been faithfully and
honestly carried out by those who have
been ntrusted with its infringement
Then assuming, that II IL public insiitu.
ton, established by law for the benefit oil
the phoie people, we, as u citizen of this
Bank district, having an interest in com
mon with that Of the people, feel warran-
ted in showing that abe objects Of its Gre
alton is, and has been perverted, and the
design ofits authcrs prosiiiuted, by CON
clave Of selfish, ignorant men who succeed
ed in being appointed TO its management
when il &rst went into operation, not by
any merit they possessed, but by mere ac-
cdent and fraud. We shall attempt to
show that the men who thus came into
office and power have endeavored 10 RETAIN
their Offices hv every means whatsoever.
Yes at the sacrifice OF every principal, and
+he best interest of the Democratic party
Ia party which they prcfAss 30 ~ &ssSseat
y ettsched to whenever it is important
tor them to make professions We shall
show the Democratic party have dwindled
down to contemplate minority in this
county and its iime-honored principles
submerged by the foul transactions Of this
Bank conclave. We will show that the
Henk itsesl has ApeG reduced 60 10 preseat
critical and Illuminating condition by the
secret action Of this ignorant conclave.
We reitgrste our positions, that they
may not oe misunderstood by any one
Therefore we say N
First The Bank was fraudulenty establish
ed in this place by Maj Mcdaniel, then Senator
in the Legislature from this Senatorial district,
and that so soon as the Bank was located at Pal
myra, he vacated his seat in the Legislature,
came home, and concocted scheme to defraud
the State and Stockholders then returned to
Jefferson City to perfect his plan.
Second. That Edmondson AMI Wright, in
their contest for the Cashiership, which was
pre-arranged before the election Of President
and Directors, discovered the fraud, and let the
cat out of the bag.
Third. That those men who got into office
by fraud, have retained and perpetuated their
Offices, by an abandonment Of every Democratic
principle.
Fourth. That no Democrat could receive the
support Of the Bank conclave, unless endorsed
and put in nomination by themselves.
Fifth. That every Democrat who has been
appointed Director, has been recommended by
the Bank concave in secret session, without
consulting the interest Of the party or people.
Sixth. That Col. John Taylor sold his Di.
rectorship to old man Good, when he was cleo.
ted to the Legislature, provided he GOOD,
would resign, his Dictatorship in his favor wheI
he returned from the Legislature.
Seventh. That whenever Director, Attor
new, or Officer Of the Bank, did not suit the con.
clnye they managed to turn him ont or hired hin
to resign.
Eighth. That the Bank conclave compounded
with Maj. Mcdaniel, and got him to resign his
Presidency Of the Bank by endorsing him fol
q Congress, and hiring an Agent TO go through
several counties and get up instructions in favor
of McDaniel'for Congress.
Ninth. That the Bank conclave have always
had their favorites in the community: thus, tn,
notes of certain individuals have been overlooked
for years without being renewed or interes
paid, contrary to law, and their sworn duty.
Tenth. That the Bank conclave have inva
riably furnished certain individuals with none!
to go over to Jefferson City TO superintend thei
interest during the session Of the Legislature.
Eleventh. That the present President of thu
Bank was elected contrary to the wishes of boil
political parties in this Bank district, by pre-
arrangement Of the Bank conclave.
Having pointed out our position and the grounC
upon which wo intend to stand or fall we chal
len1e any Officer Of the Bank, or any of its toa
dies, to come forward with their defence. w
are posted up in regard to the management o
this institution from the time it went into opera
ton down to the present administration. AM
though we intend to confine ourselves strictly t
the facts, we will hold up to the public gaz
fearlessly those transactions committed by thi
Rank concave, which have never been permit
ted 70 see the light of day Will any officer o
the Bank attempt to extenuate or justify the ma
nv wrongs this conclave have inflicted upon tn
public interest? No. They may attempt ;
aDpease their elastic cousciences by saying tina
= NhiE is the author, ergo, it is untrue, Bi
this il not true in point Of fact. We are
Democrat Of the Jeffersonian school--a Demo
.crOt who 10 sae from principle. And we ca
,prOduce ample evidence from Wings and Dem
.ocPats to substantiate this declaration. We def
The Bunk conclaVe to read us out of the Demo
cratic party. For what we shall write in rela
ton to the managers of the Bank, is the voice
almost every Democrat in Marion county. In
Democratic party are responsible for the man
agement of the Bank, yet, we are prepared
show the Democracy OF Marion county hay
never had one word to say in the managemer
of the Palmyra hnk.
In order that our readers may understand no
the present administration Of the Bank came I'M
newer. let us take retrospective glance at Il
history of this institution fTem the time ii WI
Established, down to the present. Here con
mences our tale Of fraud and corruption, whis
begins with the very establishment Of the Bar
at This place, and ends with the present admit
.istration.
Before the Legislature located the Bank
PALMYRA, there were three points contending I
"a Hoon;hal PALMYRA and Liberty, in Oh