Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1870-01-03

helpless WOMEN unu chi'uto"s fot '''o
piece of bad management, Mr.. Walker
should have devoted the remainder Of
his days in working for the poor Of this
city. he certainly, ia this aifair, did
the community more injury than he
could do good il he should live and do
acts of charity for thousand years to
come. We spprehend that the Jewawho
are made to remember the failure OF
the Citizens' Bank will delight to vote
the opposition ticket. 1t was upon
that industrial class Of our commu-
nifty principally that the failure of the
bank fell so keasiiy-while tie poor
Irish and Germans we're not exempt in
their hard earnings from the general
wreck of fortunes. Every old citizsu CT
Memphis living can testify to the vail Of
disappointment and grieved hearts that
was heard from all classes of West Ten
nessee, when this widespread disaster
was found out And is the individual
VINO caused all this to be again entrusted
with the fortunes of our people2 God
forbid.
We are told that no man with
Southern heart in his bosom can vote
against Mr.. Walker; that he gave his
two sons to the war, one of whom offered
up, his life on the battlefield. We are
reminded in this by what Artemus Ward
said when proving his devotion to the
country. He made statement, after
the war was over, that lie, too, did big
things, aud the proof of it was that he
had sacrificed his first wife's relatives to
the cause of the Union. We don't desire
to be informed what Mr.. Walkers brave
boys did for the Confederacy, but what's
the geutlemans fitness for the office
Of Mayor, for which he is a candidate.
Is be competent to discharge with ability
and satisfaction the duties Of the
posiiion2 Win he, if elected, take
care of the interests of the city better
than he did the thousands of dollars of
those who had entrusted their all 10 the
Citizens Bank These are the questions
to be solved. As to the noble son who
gave his life 10 the cause of the South,
all honor to him. His glorious death is
psrt Of the only remaining heritage ofthe
living Confederates, and is too sacred
thing to be rulhlessly used for base par
tisan purposes. 1t will not serve his
Uoionist father as q scape-goat upon
which to ride safely into office.
We appeal to the good citizens of Mem
phis to stand by Mr.. John johnson, who
is the regular white mans candidate in
opposition to all others. If be is elected
the credit Of Memphis will advance fifty
per cent. at once. Property will be pro-
tected and texes lesseued. Life will be
secure, aud general prosperity spring into
renewed existence.
The following is the report OF the com
mittee spoken Of above, taken from the
Appeal Of July, 1858:
The committee appointed at public
Meeting of the citizens of Memphis, to
inquire into the management and condi.
ton of the Citizens Bank, having dis
charged that duty faithfully, beg leave to
make the following
REPORT:
a. ,~,snutac Tint The
Commissioners met at Nashville on The
20 n of March, 1852, and the books for
subscription were opened on the I'D OF
March. 1852, and stock subscribed 10 the
amount of 1000 shares, at 500 each.
N. z Allowsy subscribed for 1000
shares, Folwell & Adams subscribed for
1000 shares, and the bank was organized
by alecting the following Directors, viz j:
N. E. Alloway, w. M. Folwell, A. Lewis,
j. Fl. Watkins, John Shelby. ltdces not
apDear from the minutes that any busl-
ness was transacted st Nashville. In
Deesr Der. 1853 the bank was removed
TO Memphis, N Z. Alloway having trans
ferred hia stock to Folwell & Adams, and
POWELL & Adams to W. NJ Folwell. De-
oember 30. 1853, W. NJ Folwel trans
ferred hiss stock 10 s. 2 Walker. UP TO
this time no evidence Of call for pay
msBt OF stock appears upon the books,
unless the following copy OF a receipt,
which appears on the minutes, indicates
it: -,
REoElPr.-" R sceiyed of N. E Allo-
way. Cashier OF the Citizens Bank, OF
Nashville and Memphis, Twenty Thou
sand Dollars 1920, 000) in gold, the same
beipg the amount OF the first and seeond
installments paid into said Bank in con-
formiiy with the provision Of its charter
W. NJ FoLwELL,
(sirned) SAMUEL P WALKER
Nashville, Dec. 10, 1853
The following transfers show who have
been the principal owners Of the Bank
from this period to the present time:
SHARES.
Fe,ruary IS. 1854, S P Walker trans
ferred to ID B Turner.........-...... sS5
| February is, 1851, Walker transferred o,o
TO II l. Mcclupg '...;;..'.;;; ~
! July I. 1854. S P Walker transterredto W M
Jones........ ~
August is. Ieti. r Walker Transferred I'm
March 81, 1855, 5 Walk er trs nsierrsd to "a
w HI CaTroll,, ...---. .-...'.'..'- ~
April g. 1855. d Turner transferred 70 .,o
Waiker......-. -.....,......',..... 0VO
| April 10. 1855. 4 Lane Transferred TO 5
Walker. .ss.-.. lUV
April q, 1855. II L McCiung transferred
to Wal. er.,.....- 2OO
Jnao 20 IS 5 W A Jones Transferred to 5
Waiher-.-....,..... .-...s-'.'-. lvy
Jsnusry 20, 1873, Walker tran ferred
to D BTurnsrand W AJOnes, all his ooo
gtOcR -...... .....s.....-- wv
Arril 6, 1855, w II Carroll transferred u
b B Tuner and W A Joaes....-...~....... 20
Ialy 6, 1858 ID. B. Turner enters his
protest against the validity OF the two
last mentioned transfers Of stock.
The Committee did not find, after the
! ...LA-.-I Of w N Enlzall lh.L dr..