Arkansas true Democrat., 1860-08-04
Letter from Clark Co.
AnKADELpHIA. July 30, 1860.

ARKADELPHIA, July 3U, lcoo. EDIToRs TRUE DEMoCRAT-
 Gents. On Friday morning last. the friends of Col. Johnson and Dr. Mitchell learned that the Rector men were fixing [" Rector and Can't" flag, to raise Friday night. The Johnson and Mitchell boys then set to work and made "Johnson and Mitchell" flag and raised on Friday night. Now the Rector and Can't flag was torn up or thrown away, and another with the name of Rector alone on it was made and raised near morning, iSaturday) and how many democrats do you suppose as- sisted in raising the Rector flag? But one. and he was a strong John 'on and Mitchell man, and said he helped them because there was not enough Rector men to raise the pole.
 At ? o'clock contrary to what l have understood as the courtesy due from one candidate for high office, to another, Judge Rector insisted on making speech. al- though he knew that Col. Johnson was unable to reply to him. He devoted the most of his speech to labored attempt to prove that the nomination of Johnson was fraudulent. list. He said he was Tn favor of foreclosing the Real Estate Bank mortgages, and selling the personal pro pelty ot the mortgagors first, but that 1t would take great many years to do thls and he was in favor of letting the stock holders come forward and pay up the pro rata assessed against each tract of land, giving tolr years time; 2d. Rather than TAX the people. he wa, in favor of making he holders of the Real Estate Bank bonds, take stock ill the Memphis and Little Rock Railroad, and the State then to issue new bonds to the railroad, for $l 900 each, with a specification on the back of the bond, that there was due on said bond at the da Sl 200 % of interest. upon which the State would not pay interest. This appeared to be his favorite policy, alth' ugh he says in the same breath that he Is in favor of the fore closure of the mortgages, yet he contends in the next that 1t would be an endless ilti- gation, and contends too against the ground which Johnson takes, that it can be made a proceeding in rem, and the mortgages foreclosed in few years; in fact he ridiculed the idea. said it would be unconstitutional. and void, and all such stuff, in the face of decisions of the supreme court which he ought to know (f he did not. sustain Johnson's position. In the third place he was in favor of dividing out the surplus revenue in the treasury, among the coun- ties for internal improvement and educa- tional purposes. This is the same old 'scatteratlon policy" which was pursued in regard to magnificent internal i'm provement fund, by the legislature ten or twelve years ago, which Is now almost in- Iirely frtterred away. when if the fund had been preserved and husbanded by the State, 1t would be sufficient to finish the Memphis and Little Rock Railroad.
 It is VERY EVIDENT to the people here, (since the SEVENTY THOUSAND DOLLAR BOND of Judge Rectol's has come to light, why Judge Rector was in favor of selling the PERSONAL PROPERTY of the mortgagors in- stead ot the MoRTGAGED LANDS. If this was done perhaps the bank land sold blythe Judge might 6e released by sale of the PERSONAL ESTATE of the ORIGINAL MoRTGAGoR.
 Alter Judge Rector closed Jas. l.. With erspoon, esq. was loudly called for, and he proceeded in a short reply to riddle. and "show up in their proper light the tlim>y, lMPRACTIBLE and ABSURD policy advocated by Judge Rector. His jealous ,vh;g and know nothiHg supporters say that ''Rector made ysany votes by his speech here. but it IS AJL sTYsf. Yours. etc.
 ~ PLANTER.