Arkansas true Democrat., 1859-10-26
The Champions of the Real Estate Rank

When MT. Hindman commenced his war by attackingl the Governor and the True Democrat about the Real Estate Bank, we spoke of him as the pioneer in the cause, and said there would soon be other cham pions in the field When we made the prediction, we little thought it would be so soon verified. The Old Line Democrat has entered the lists in behalf of the Trustees. It has flung down the glove and challenged us to lift it. It is eager, and dares us to the encounter.
 To begin--our first charge against the Trustees is a serious one, and it will re- quire all of the tact and talent of the Old Line Democrat to extricate them from it. It is charge which the State and every stockholder in the Bank would like to see satisfactorily answered. The State and the Stockholders are the sufferers, and they are entitled to an explanation.
 The assets of the Real Estate Bank, were turne5 over to the Trustees on the 2nd April, 1912. The Trustees were divested of the assets on the 20th April, 1855 They were thus iii possession of the assets more than hineen years, and it was their duty to have collected those assets and applied them .taaAfully to the payment of the bonds of the State and other debts the bank owed. When the assets were turned over to the Trustees, there were nearly enough to have paid off the entire indebtedness of the bank. When the Trustees were divested of the assets by the decree of the chancery court of the 20th April, 1855, there were not enough to pay off the liabilities of the bank by oyer c million of dollars!
 To specify particular y-on the 2d April, 1S42, when the deed of assignment was made, the assets and liabilities of the bank were as follows:
 Liabilities, ................ S2,2tS, l50 Deficiency of assets, ......... S64,017
 After the Trustees were divested, and an examination was had of the condition of the bank, the receiver in chancery, Mir. G. N. Peay, ip October, 1856, reported the liabilities and assets classed as good, as follows:
 Liabilities, ,. S2,421 .Q53 Assets, l,06I, ,ISS Defiriencv of assets, .. $1,354, 165
 Thus showing that, in 1912, when the assets were turned over to the Trustees, there was deficiency of only some sirty four Mousand dolidrs, and that, thirteen years afterwards, in 1855, when they were dispossessed of the assets, by means of the suit Gov. Conway brought against them, there was found to be deficiency of one million, tree hundred oad ftfy.tour Mou- sand doliarsl What differcncel The imagination of poor man, who has been used to count money only by the hundreds or the thousands, can scarcely conceive of the waste-the squandering there has been here. This maSte-tbiS squdndering, iS our charye againstMe Trustees. We shall wait with impatience the defence to be made by the Old Line Democrat.
 This unparalleled waste and mismanage- ment of the assets of the Real Estate Bank sufficiently answers the question |" achorui,s- ed Me bonk2" In vain may that ruin be charged upon the '' Johnsons." What the "Johnsons' owed to the bank they scru- pulously paid up to the very last cent.- They had nothing to do with the manage ment of the bank. They were on the out side, responsible as stockholders for the debts of the bank when the assets were ex- hausted, but powerless to arrest the waste and squandering going on. Gov. Conway interposed, he had the power as the Execu- tive of the State, and, after hard strug- gle of several years, busted the Trustees and saved the State and the stockholders of the Bank from a hopeless bankruptcy.
 MT. Hindman brought up this subject by charging in his speeches that the John sons" ruined the bank, and now the Old Line Democrat has thrust itself into the controversy, and volunteered as counsel for the Trustees. It talks of the :" dead and defenceless." It forgets that the " John sons," whom it and its favorite, T. c. Hindman, have arraigned before the pub lie, are dead too-and that is not all. they are not only deoa and defenceless, but the property they left behind them for their children has to be used to make up the deficiency in the assets occasioned by the wastefulness and extravaganza of the Trus- tees
 The Old Line Democrat is a volunteer in the cause of the Trustees We shall ex- act of 1t its promise to defend them-to explain every thing.
 PoPE COUNTY poLITCS. Barker