The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1869-06-13
Z. .savihgs IlanI.s, o.. AIonry IIuntsrs.

Caroline, ARE fully shaped, armed and
eddiPped for the hunt. The writer uses
this term from the fact that it reminds
him of the hunting incident of the white
man and the Indian, so familiar to our
ears, the result of their excursion being
O turkey, p buzzard and crow. On
their return, q division of the game was
proposed. !. Whereupon, the white man
says to the: Indian, fShnll keep the
turkey, and you the bhszard and the
crow, orwit you, have the :buzzard!' and
the croYs and 7 The tprkey?"n The In
dian replies, "You do not say turkey to
me one time" So it is between. the de-
positofs and stockholders OF savings
banks. They have gone; out upon q
money hunt, they succeed, in finding q
copper, a five cent silver piece, and q
gold doubloon. On the return, the
stockholder makes similar and equally
generous, proposition to the depositor,
aS did the whif3 man to the Indian,
''Shall / keep the doubloon, and you the
copper and Ave cent, piece of silver, or
shall you have the. copper and silver
piece, and I the doubloon?" They do
not say 'doubloon once to the depositor.
Eietiit be understood, however, that the
writer does not assal the stockholders of
the Columbia Savings Bank as designed
ly guilty of anything .illegitimate in the
affairs Of business. They are gentlemen
of high, character, but like the monkey
who disc6vered the chestnuts in the fire,
being hungry, longed to gain their pos
session.; he sets himself to work to de-
wise the ways and means to secure, them.
The fire being too hot to risk his own
paws in the embers, he discovers cat
close By, partially asleep; the idea i'm,
mediatelly presented itself to use the
cats paws. and suddenly seizing him he
,rakedr optsithe :chestnuts. with the paws
Of his Yictim;, having appropriated the
kernels, he generously bestowed the
hhliss Upon tie cat, in consideration of
his valuable services Thus are the re-
lations between the stockholders and de-
positors Of the Savings Banka-the latter
Ioccupying the position of the,oat's paws.
These savings banls are institutions by
which the stockholders become rich at
the expense and risk of tbe. poor and Ia
ihoripg class of society, whilst the first
pockets from twenty to forty per cent.
of the dividends, the depositors realize
but six per cent, although they furnish
the money for banking facilities, whilst
the stockholders in reality do not own
in fact one, dollar in thei Institution.
This, however, may not be the case in
the C9lumbie Savings Bank To illus.
tfate che position assumed by the writer,
it is no UNCOMMON thing practiced by
astute money lenders or speculators to
achieve their purpose by adopting the
following means, for instance: A, b, c.
and: ID, withnsmutual understanding,
agreei to- create an institution of this
charactefj to- accomplish. their object
they obthin Gao charter, subscribe the
amount as set forth in the
charter, then make n joint note at some
'discounting bank, upon which they OBJ
tain the required sum- to fulfill the con-
ditions of the charter. rs soon rs auffi-
cientideposits are made, liqnidato their
iown Liabilities, and commence, their
banking operations-thns bringing into
existence savings bank Matched from a,
temporary loan. These corporations
may break at any moment, and the de.
poaitors have no security for their money
invested. saye the honesty Of the officials,
discusses. only attacking the system and
ENAASAP|sSS' sPSta w AAtSr sum luSelGuLiOub
are conducted and based. they are
sometimes conceived, partially matured,
and Of hurried birth, - through the
agency Of SOME financial Urgot, and are
delivered feet foremost. full Of deformi-
ties, which are concealed and covered
from the public knowledge by these
Shylocks and midwives OF finance. G.
'HV@G nn -.-ri--A:-li-sae-o-+-A1+ M ''
We never. believed the, story that
President Grant'had appointed an igno-
rant and immoral negro to. be Postmas-
ter of Macon as o, means of Furnishing
the people Of Geogia for their disloyalty
Grant is not practical Joker OF that
sort, nor is he capable of doing anything
so foolish. And wefhave NO doubt that,
as soon as Turner'S Incompetence and
worthlessness are proven, he will be re-
moved from the Macon postmastership.
-. t"'.t n'-t-.g NeU York Times.
. The Tupelo Miss. Spectator contains
an'account of the killing of negro near
that place last week. The negro, Hughes,
took offense. at white man, Hodges,
# who protected Hughes family against
his inhuman treatment. Hughes got
4 tired of his / ntarfaranca uaof ~ Ho1ooo,