Arkansas true Democrat., 1859-10-19
The State vs. the Trustees dhe Real
 Estate Rank

We have before us the defenCol. Bis. COG makes against our articl,pon him, and for the want of time and ace, must defer our reply until next week Col. Bis COG thinks it hard that we shoubring him before the public, and hold hion-in- law, T. c. iindman, responsible ihis acts.- Col. Biscoe forgets that, as Trustee of the Real Estate Bank, he is repnsible for his acts as such to the public, Id that we have the right to discuss then His son. in-law has attempted to hold irresponsible for the connection all of our ations, all of whom are in the grave, he had with the Bank. If we are responsIe for their acts, Col. Biscoe's son-in-la, under the same rule, should be held eaohsible for his. The rule is bad one 1t will not work equally against all. Wessume the responsibility of the acts of otrelatives, since we have been held to 1t, Id we re- quire Mir. Hindman to stand byle acts of his relatives. Some of our relDns, and they are in the grave, and unablo defend themselves, borrowed money om the banks, but long ago they scrupulsly paid back every cent of it with intere How is 1t with Mr. Hindman's relatis? His father-in-law is still debtor toe bank. He borrowed, and he has not by his own confession, paid back the suDorrow ed. But next week we will replto Col Biscoe's communication in full.
 Ever since Elias N. Conway W elect ed Governor of the State there h,been a war between the State and the Trtees oI the Real Estate Bank. So far u State has been triumphant, but now necham- pions appear in the field. T. c. hdmar and his organ here, the Old Line Demo, crat, have undertaken the defencef the trustees. The Old Line Democrat vs:
 ''CoL. H. L. BlscoE.-We are fully prered tC vindicate this gentleman as well as the ohr foul Trustees of the Real Estate Bank agast the charges and insinuations of the True D,ocrat and will do so-not because he happens tee tn, fatherin-law of Col. Hindman, but because is . citizen of Arkansas, and entitledto the prectior of the press,'' etc.
 Thus we have in the Old-Line Depcra new champion of the Real Estate ank and, as we have curiosity to see,ha kind of defence can be made of therus tees, we shall hold it to its promise. Wt charge, and can prove 1t, that wherth trustees received the assets of the inl there were more than enough to have ai, off every debt the bank owed, and to lv redeemed every bond the State had isse, on account of the Real Estate Bank, wh out resort to the mortgaged lands, ort taxes on the people; and that, during h thirteen years they had possession of } assets, they so squandered or used tn, that there is not now enough, by ovr
 
 million of dollars, and that the deficit th produced by the trustees has to be madd out of the mortgaged lands, or by tae imposed upon the people. Our chare distinct-we wish the Old Line Demda at once to enter upon the defence.
 The Old-Line Democrat says Col lis COG is not stockholder in the bank, q stockholder to very small extent. Ina is the very reason why he should rvt have been trustee, and why he shulC long ago, have been busted as such Nc being responsible for the debts of the anl having no lands mortgaged to pay hos debts, he would, as a matter of cours fe, no personal interest in faithful appli,tio of the assets to the redemption of thStat bonds. Hence, we naturally supDp., h recklessness in squandering them H knew the consequences would fall, noupo him, but upon the stockholders ai u taxpayers.
 We wish to see the defence that tis ne champion of the Bank will make ,f u Trustees, and we hold it to its prom;e.