The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-01-24
Republicans at the North that 'the colored
people at the South want letting alone"
That is about the sum and substance Of it.
REpuDnrION or 4 JUST CLAIM


lfmen who deposited money in the Bank OF Ten.
ncsSce before the war have just claim upon the
state for the repayment Of that money, why have
not the many men who had property destroyed by
the war an equally just claim upon the staie' The
state is rs much bound 10 protect the property OF
her citizens a. Il - 60 project their money One
man put his money in the bank another put
his money IN inrmhousCs ana stock and
implements both under the protection OF
the State, The State said: "Lct MS go out
of the Union OF stntcs, and this money
and property will be better protected" out went
the state, and the wHT swept away the money, aud
millions upon millions worth OF the property OF
the people which was ns good M money should
the iarmcrwho lost all he had except the bare
land De- now taxed 10 pny tno men who put their
money IN hank2 The man who invested his money
in horses and cattle and in merchandise put MS
much confidence In the State Ms did the bank
deposition lie said Banks may break,
but the old State will always throw The
shield Of protection over my homo aud my per.
SON. The war cnmc with IT. destructive agencies.
The people all suffered aud lost Must the people
be made 10 lose more In order 10 repay one class
only OF the sufferers Who OF those who were In
tho ruthless path OF war can over expect 10 get
back their lost property Who expects TO got
idcmniy Tor burned homes liberated slaves.
destroyed crops and stolen horses aud cattle
WA the widow whose MI was her little farm
with it, houses aud barns aud stock, ever be ne.
paid ior the loss which left her land bare after
morclcN war had swept II like hurricane Of hrc'
Never And yet she is not responsible Tor war.
She was dependent upon the state for protection.
In the essence Of equity she has Ms strong clnim II
not stronger than any man who put his money m
bank We all know that war is terrible thing,
The losses sustained 10y the people ofthi, slate were
tremendous They can never he paid back Every.
body suffered then. IL was common misior
tune aud right braycly was 1t borne. But
all this Is In the past. lhcrc are no war
claims that can be paid by the State
unless tho people who suffered be- taxed In
ray them. They suffered together. they accepted
the burdens which fate imposed upon them 10.
gclhcL let, then. the dead past bury its dead.
Let NJ have mo- special claIm dmgrci out Of the
debris OF the pnst ut over quarter IT u century
ugo to adj tu the burdens oi the people Of today.
II Is not Tor the few 10 sy tn the people Of Tcnnc
see, we lost some hundreds oi thousands Of
money which We put In bank hut you ouly lost
millions upon millions Of property la which YOU
had invested your money therefore you must be
taxed 10 pay us back our money The people
viii not permit such policy NushrRF Rama.
We are surprised 10 ind 30 spccous a
plea as this cmanaling from a journal that
u usually fair Ind just In the treatment OF
public questions. Tho Bam,r Grst scpa-
rates the dopositors Of tho Bank OF Ten.
ncs,ec from the great body OF the citizens
OF the State as il they, too, had not
shared In the losses sustained by
the civil war aud borno some
Of tho brunt Of those troublous times,
and then il proceeds Ia condemn them to
bc fined, each in the sums set opposite
their names on the books Of the parent
bank and branches This is not Just, aud
therefore is not fair. The question Of the
attitude of the dispositions OF the State
Bank during the war-whcihor they were
Union men or Conicdcratcs or wcro
engaged in the more difficult task
OF neutrality has nothing to do
with the fact Of the States obligation 20
them, nor does II weaken their hold upon
the state. The State induced them to de-
post their earnings In labor or profits in
business by holding out "thc pledged faith
II the State" Ia guarantee them against
cess. Upon this strong pledge, stronger
than any other bank in the State could
offer, they deposited their money, and
now ior the third or fourth time
In twcnly.thrcc years they ash ior IT, AMI
they are right in doing 40. In that time a
great many banks have been wound up In
Tennessee, among them being the great
rivals Of the State Bank, tho Union aud
thc Planters Banks, aud In every instance
the dcposi,on aud the note holders. as the
creditors Of the bank, were paid share
and share alike As has been inslanccd In
TuE ArrEAL already, We point 10 the cx
ample Of the Frrcdman's Savings Bank
the assets Of which have been rescued b,
the timely intervention oi the Federal
Government aud annually divided among
the dcpoVtou or their representatives.
For the State Of Tcnncs,cc 10 refuse IL
follow this example aud pay the dcposiioi.
ol the State Rank would be a shameful acl
cd population aud bad faith. II would b,
tau,amount To con6scnlion and TO the lows
Of a var tax upon them exclusively, and
this, or every 1rnncsrcan knows, Is ~
puPnanl 10 the historic attitude oi gool
faith by the State toward H. citizens anJ
Oh with whom Il has had dealings
! I'm nnmnlralLnn NJ ArhM.hnn Cnt