The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1868-01-25
What the Avalanche Says.
That excellent Journal, the Memphis Daily

That excellent Journal, the Memphis Daily
Avalanche, of last Saturday, says:
Great complaints come up from every part
OF the country that people who are able to
pay their debts and have the money in their
possession viii not come forward ike honest
men and do so. For instance: we are told
that IN country town not far from Mem
phis, from twenty-five to thirty thousand
dollars worth Of cotton has been sold every
week for the past four months, and vet that
the planters who sell rarely ever spend in
the said town dollar of what they receive
for their cotton never think of paying their
debts IN Memphis or elsewhere, but put the
money IN their pockets and as the common
phase has It, sink 1t Many of these
planters eve Memphis merchants for the
supplies with which they produced the cot
ton which brought them thesmoaey and
yet, instead Of coming down to the city and
paying them. they sink the proceeds OF
their crops in their pockets, Cor change it off
for gold and bury 1t in the ground or in bar
rels of sugar, where it sometimes gets sto-
lenD and 90 about swearing that they
" haven't got a cent IN the world I" Such
conduct IN these times may be truly said to
have done more to bring about the present
state of affairs than any thing else that can
De named. What has been done in the
country town referred to is but fair speci-
men ofS 00hat 0l.at has been, and is still being
done at almost every other depot "a any ira
ding Importance, on all the lines OF raIrUau
within one hundred miles of Memphis We
have every reason to believe that there is
more money in the country than is felt to be,
but many planters, who have received it
from the sales of their cotton, apprehending
a still more stringent time than that now pre-
yailing, are boarding it-laying it away for
that Interior rainy day " which they them
selves, by this course Of conduct, are doing
their yery utmost to bring about If, in
stead of sinking the proceeds of their crops,
as they are doing, they would pay off their
Just debts, the circulation would reach, at
least, a far healthier condition than it is at
present, and the country would be relieved
of part Of the pressure now upon 1t at
once. 1t would do more and better even
than that--it would restore conference.-the
want Of which has produced most Of the ills
under which the country groafs. Sucn
course Of conduct on the part of a class in
the community hitherto renowned for It's
straightforward integrity and high notions
of honor, we repeat, cannot be too severely
reprobated. It is, indeed, the immediate
eause Of all cur woes It has destroyed
confidence, and it has, we fear, utterly ruined
the country, and put a stop to its progress
and prosperity for a whole. decade or longer.
People, in these times, who can pay their
debts and won't do it, are In the highest de-
gree reprehensible The injury they infict
on the community, is, indeed, great; for it
affects every business, every class of citizens,
and is calculated to break down. the very
frame work of society.
We hope the country town referred to in
the above article viii right wrong" take
a lesson from Bolivar, and tote. fair with
Memphis merchants.