Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1853-03-31
SDiritnal Banking.

fmong the mediums in Illinois /;
sappears that, a short time ago, cont
epany Of "spiritualists, consisting
partly Of charlatans al ID partly Of
sluiatics, organized a ba1k in Chica-
Ego under the provisions Of tie free
banking law Of tlat state, and conf
menced business upon 4 novel and
scurious plan Having appointed the
sspirits Of Washington, II Hmilton, and
Jat kson directors Of the institution
sthay proceeded TO Issue bills, make
loans, and discount notes under eer-
stain rules and REGULATE pms. There
Ewere three or four women in the conf
fccfn, and one Of them, Mrs. llerrlck.
: strong-ninded and read y-fsied per-
stii, seems to have eXclG. Fed supremf
: control over tie entire@ Ffablis lament
Mn Ira &. Eddy, one Of tie partleF
pee tlniarly inter4 sted, EaF monomar
5nilc whell he BECAME a btoclSholdcf.
l'aud Seth Paine, another btockholder
has within few days become r;lsine
Slnad. One Of t he rules Of the insti-
Atution, as laid do WI by Mrs. lIerriek
twas that ho bills should be redeemed
s,for any person v ho chew ed tobacco
Cor smokeH cigars, and SHE abused il
{ the coars{ list tea s those whom she
| suspccteG Of bel pg addicted to thest
] practices. SooI after THE bank was
opened, The a1agers, lhen and We
mcp, quaireled among themselves
One insis led tina / Alexa hder 4amil-
|. ton had t DO mud u infuelce, another
Ethat And few Jackson w IS very over
I bearing; i lille Sc Ter;I objected to tie
btlirection4 receiv I'd romItime TO time
sfrom Geo ge w lshiugto b. Finally
CATER mpromising thcif own quar-
ssrcl~, the dlnancie rs turad d upon tile
aJill-holdefs WHO wanted specie Mr.
IEddy, tn E mad1i lan, vas requested
tby the OF hers to buy, siX-barreled
ireyolvcr fbr the purpose Of shooting
sdown any unrea4 onable persons WHO
Knight del nand . the TIM; and it was
Suggested TO bin + that as Il commits
ttsion Of I tnaey hal ice b issued II
i'a:fin3t him, he might commit murder
qEith perfd let IMMUNITY. Acting 0p-
Con this fri endly hint, lie proposed to
dShoot a gtntlcm1 in named Holmes,
gand tbreEtcned destruction Ia the
spublic officer " h6 was directed 10
1tal1e charge of 1 be property fer the
.benefit Of the bil l-ho,lers and Other
Sparties in intcrea /. Finally, most Of
sthe medium ban kers were arrested
=Hnd bela to Jail. Mr.. Paine was
Slapped On the sh{ la!dcr while writing
,an attic e for II rw paper which hid
Ibeen est hHlished simultaneously with
.the bank. called 4 he Christian Bank-I
Ter Oh the va rrant being shown
10 him, hd atten pied TO strip him.
.sdll, and lad ac. Ilally slipped out of
:all his CHI ments except the '5:furea-I
.tipns,' bdfore til E officer could suc-I
'cced in slipping the process Of dis
nanilemeht. Mrs. IIerIicb madei
eight: but, at l.le last accounts. She
was rapidlE cooling down under legal
streaimentl The miserable dupes.l
Eddy and Paine. are enthusiastically
hon cqmp9FI and. Judging from tl'e
.eviderce ;Hdducedat the ex'minationI
Of then al sooiatas, We presume thatI
several ot!efs Of the com pany are on,
the Verge pc Ilunaey. 1t fsapparent.I
however, there is shrinking OF,
shrewd fell bws among theip. whose Oh!
.iect it is tb fleece the weaker bretIl-E
ren.
1t secm$ wond6yful that such in-s
inEatdation tan exist in 3 civilized
and christi ,n land; but human gulH-I
bility is IN b same Yesterday. to- day,s
and forever. Although the newt
bank of Chicago WAS known to beins
tile hands Of Il mixed commission ]