The home journal. (Winchester, Tenn.) 1858-188?, 1859-12-15

has offered resolution in the Sen,
ate which was reifered to the Com.
mittee on the Judiciary, providing
for the redemption by the State of
outstanding notes of the Exchange
Bank. k.-Union and American.
The above paragraph brings vivid.
ly before our mind the stupendous
swindc ofthis Exchange bank. Many
persons suffered by it, and many who
were lily able to bear the loss. Our
opn pocket had to succumb to q loss
ofabout sixty dollars in notes on this
rotten concern Those notes were
countersigned by the comptroller, and
on the strngth of that coun crsign.
mentS the notes OF tho bank were
exceedingly current. But day be-
fore the disclosure of its worthleSsncss
almost every one regarded its notes as
the ones to keep on hand.
But it went by the board, and many
q poor fellow suffered, while Sjme
rascal or rascals, reaped the GAIN
The loss Of sixty dollars on this bank
at time when we Were sin a pinch"
for money, has indelihIy impressed
the swindle upon our memory, and
time can scarcely cface it. Bat we
know of others who lost hundreds and
thousands, and to-day hold the beau.
Wul promises to p,y" in their hands
looking forward, perhaps, to some &C.
tion by the Legislature in their behalf
And they have good grounds to cx,
pect some action of this kind--some
return for the loss they have sustained
by their implicit trust in the guaran'
tee of our State--the endorsement OF
the Comptroller. The bank was a
chartered institution, and affords sad
example of the evil Of charte ing al
most everything, and giving to GER
tain persons immunities over their
fellows, by which lmmuni,ics they
can swindIc and escape the just pen
atty of the law
But we do not intend to write long
of a subject that has been the theme
already for many pens and mouths,
although we do want those who sut-
tered by the swindle to remember it
as long as life lasts. Nor do we in
tend to assert that it is or is not righl
in the State to redeem these now
worthless notes Of the Exchange Bank.
Some men of great intelligence argue
that she ought others equally intel
lgent say she should not. OF course
onr opinion shall not come in collision
with the opinions of either side, un-
less we felt fully able to maintain our
position to the last extremity. But
this thing we do know. That it seems
unjust for the poor note holder to suf-
fer for the errors of the State. And
now the wonder grows: Who did the
swindling in the Exchange Bank blow
up? Where is Mr.. Spence? Where
is the enpose he was to make! Echo
answerelh, where =? And cannot JUS
tice be Gone T! If Spence done the
swindling, cannot he be lodged in the
penileniary as a man would be il he
were to steal IL pair of boots, or II
neighbors oats? And we would al
lude again to the comptrolleI's name
on those notes, and ask what will it
signify henceforth if the accepted sig
MITIGATION in the past has proven as
treacherous as this spider that weav.
eth beautiful web only to decoy the
poor, unwary fly! Let US hear from
the Fayetteville Observer on this sub
ject. 1t and the Home Journal. more
than most other papers, have talked
of this Bank swindle, and he deals
such w,lling blows, and so pointed,
that we would bring him out once
again, for the cause of Exchange suf.
ferers in old Lincoln and esewheEe,-
Other banks-the East Tennessee, the
Citizens, &C., need to be remembered
especially by our Legislators. And ii
possible, let US find who done the
swind'ing in the Exchange affair."
For our part, we'll give arty dollars
any day to find out where the fraud
lies-in whose eye the beam is.
do think that one OF the worst sins