The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1858-05-29
Early Barking in Tennessee.


/ ture of Tennessee chartered the Bank OF
Nashville, and in due course OF time the
! necessary organization under the cha'tel
was effected and the notes, beautifully en-
graved and properly signed, were ready ior
circulation. At this point, however, tie
Bank ,ncounterod an unexpected and Tor
midable obstacle. The people oi tennessee
at that day w.re u sCii-reyInS and pracucaI
p ople and had but little confidence IN Bank
Directors or paper money, ana cou.u not
realize ihat piece Of paper was a. @oOd a.
a silver dollar. Ia short, they positive Y re-
fused to receive the issues of the DanN 10
paymcnt iDr the surplus products OF then
farms The Bank vas IN tGuUblc, and unless
this foolish pre- iIdlCc Of the pc"P.r could be
overcome It NO.id prove sti,i-horn affair
At this period the merchants Of that region
Uuu,h up the surplus cattle OF the farmers
and drove them to Philadelphia and Bat
more, and sod them and laid III their annual
supply Of goods. 1t this time Joseph john
son. (nuw al old and most respectable clt;-
zen OF Clark Sviiic, Tennessee was leading
merchant at Lebanon, some thnty or forty
miles from Nashville. He dealt in cattle
more extensively than any other man in the
country, and was more generally known IN
his own and Iup surrounding counties til
any other man Ia Middle Tennessee. And
no man in the Sac enjoyed the confluence
Of the people 10 greater extent than he
did Il occurred to the President o! tie
Bank that Johnson was the very man II in-
rl!le the people with confidence III the
institution, ana II his cooperation could be
secured, there would be an cad to their
trouble, and the people woG,d soon be bl".t
to understand aud appreciate the beauties
and advantages Of u paper currency. lie
communicated his views to the Board, and
they were all ptcd, and he was author Zeu 10
open negotiations with johnson q, once
Bright and cary next morning, the fIrsi-
dent SET out on ms luancia! mission, with
good horse ana PAR Oi sadl.e-taGs, We,
flied with Ea.k mote, under h,in. lie
reached Lebanon. that l. gbt and ca.cd Oh
johnson next U.Gralus. y satisfactory ar
Iaueemeut Was soon made. johnson Was
to pay out tie notes u the Bank ior cattle,
ana the Bank vas TO provide for tncir re-
der4ption al JoAH>ou's store, III LcLanoH.-
Johnston supplied his agent, with both Sli-
yer aud PAPER, aud instructed them 10 lay
out the paper money to those who were
Wi. NJ - take has guarantee bat x CoL.L
be converted iuto specie, either at hi- store,
or at the B4Jn II Nashville. John.oAs
pledge that il would be redeemed " ia spe-
cIe. at tne vi. Of the holder, Induced naHy
Of the farmers t. take 1t N payment tor Their
cattle E>g. n patIi,n, Cl smith County,
sold one Of johnson agents ten head ui cat
tie, aud gcc-ly- = hundred dollar bni ~
payment. After helping t. start the cattle
Ar went t. tie house and found Il 4E-r wait
iug. Tie took & sat opposite 70 LIS W.,e.-
\ large bright pewter basin, L.e' wt,n T.cA
hot soup. occupied she center Of the table,
and near tie table on tie La rlsAt = Ia
yor.ic &c. wa- >gua;ted on lis 'attgr end.
vii. mouth open, T-aaE 10 receive "..atc'-T
lis kind master ia -"t taso" a.-L.
" III Il t..y L.grs sop Was cooling he
took the la. n uO,e ..em lis POCKET and
handed il ~ LIS wife. Sle uuiO.ded it, and
ai,or examining tue pictures and figures on
IL, asked The L>g. what It vas. = That Is
alanev. 4" SAID the old man-'' hundred dol
lars" = Money ~ exclaimed the good wo-
man ''Y.s, responded the husband; "
took i: FOR ten steers that | sold Joe John
SON. WI, dil ever hear OF such a
fool" put in the old lady. Never mind,
sad tie Eeq. Joe johnson sent ine word
;Aat can -et hundred dollars in specie
igr i:, tiaAug d. has store or At the bau", a"4
lis 0 l IS 4s good a -o.t." - ~ Ell, lake
good care q. il uatj! you 20 to town, SAID
the wife a.d then iu,.eI il up VcIy care
ta.lV ana rca-ura across the table - Hand
Il To her husband. .Uut 10y some m.>hap drop
!,gL il into lAo cup basin. Quicker Khan
thought the old nan : right hand was up 10
tUe kuu,klrs Ia the hot soup. He Instant
lv gl4>ped the note and withdrew, h'> aaaI
>martiu. with pain, and threw Il o4t u. tie
direction OF the dog. Iae folded note supp
oUt and ia The twInniiEg OF an eye It was Ia
Bose's cap5,iJus stomach. Ihe Cd man
,p-ang up and seized Bose by the throat,
-
swallow, Joe johnson ner Joe Damuation,
will never make ne take any more paper
MONEY!" Ioarod lie enraged Esq Poor
Bose unconscious Oi tie ysiuO oi the = orsel
that he had ju>, swallowed, and being UNA
be 10 account iOr The sudden rage Of il.S Us
uallv Mind master, ln-Ge Il pFeclp.tate retreat
from the house as soon aS he escaped from
his masters grasp As soon a> tbs L>q
anger and PAIN subsidized little, lie took
down his u,,. l.ut-iUck Ii.lc and went out IN
to the ward, aad called up his iai,hiu. o.d
dog, .wc.l old fellow your time has come,
it :s too uncertain 10 wait, SAID tie oId
man addressing bose. lie then wiped his
moSteued eyes and drew bead on Dose
and pulled the trigger. post norton eX-
animation was soon made, and lac note
found. Between uidni hit and day on the
next moruiu., Mr.. Johnson was awakened
hy ;remynLuous knocking at his door
lie got Mp ard found Esquire Fitzpatrick with
the unfortunate hundred dollar bill. lie re
lated his misfortune and demanded lis lin
mediate rcdympt on with silver dollars -
Mr. johnson Insisted upon his remaining
until morning, but he swore that he never
would eat, secp or drink until he got home
with the specie for tnat internal note. The
fate Of poor Bose spread like wi,d-lire, and
in forty eight hours there was nota note on
the Bank of Nashville in Smith county
That scaled the fate Of the Bank. THIS Is
a true story. The people OF Tennessee
nav. cot g,Grously over their foolish prcju-
dices aga.nst Banhs. ID.