The Canton times. (Canton, Miss.) 1893-1906, 1896-04-17

inclined to harp on the old assertion
! that money is scarce owing to the gold
standard policy adopted by this coun'
try. III THAT is true it is very strange
that all the banks are SO eager TO loan
any emonnt OF money, on .. 3 and PEI
cent. Only few days ago bank a.
lyicksburg loaned the State $l5o,Ooo =.
4 per cent and no doubt believes II was
fortunate in making the loan. ANY
amouat. of money can be had at q very
low interest il the right kind Of securi,
ty is furnished. Newton Progress.
The Picayune Bureau under Edgar
wilson's management at Jackson, as
the following correspondence shows
developes the fact that the free silver
State government whose shiboleth was
so potent in inducing it Into power.
have Disseminated against their pet
in the above transaction.
III. w. Griffith, President. J. NJ. Phil
lips, Cashier. First National Bank.
Vicksburg, Miss. March 80. 1895
FRIEND WILSON: The enclosed con-
tains family history not yet generally
current. Thought perhaps your pen
might dress 1t up for the Picayune.
NV information is RELIABLE. Before
the award was made to the bank its Of
ficers or agent had to agree NOT TO
FURNISH ANY SILVER. What a com
ment on the theory of free silver.
Yours faithfully,
i. w. GRIFFITH.
Upon receipt of this letter Mr.. Crit
fifth was wired by the Picayunc cores
pondent as follows:
Jackson, Mss, April l.
B. w. Griffith, Vicksburg, Miss
Information startling and crushing
In case of denial. have you absolute
proof? Wire twenty words quick.
WILSON.
Mr.. Griffith wired as follows:
vicksburg, Miss, April /.
Edgar 5. Wilson. Jackson, Miss.
State treasurer said don't send us any
silver. making request tantamount to
condition. Governor was present.
This sworn to by Cashier Jones.
b. w. GRIFFITH.
The following letter was received by
first mail from Mr.. Griffith:
b. W. Griffith, President, j. Al. Phil
lips, Cashier, First National Bank.
Vicksburg. Miss, April /.
FRIEND WILsoN:-As wired you to-
day the state treasurer had made his
demand in the shape Of a request, but
so worded and timed as to be tanta-
mount as between business men. to q
condition and was SO understood by Mr..
w. s. Jones, cashier of the Merchants
National bank, which made the loan.
In proof of this Mr. Jones SO states un-
and as additional proof |
will state that when learned that the
loan had been placed, went to MIR.
Jones aud said to him that would pay
the expressage on II certain amount of
silver to Jackson if he would allow me
to ship it (tnis bank being overstocked
with silver and thus save expressage
to his bank. He replied: II would be
glad to take advantage of Your offer,
but for the fact that the state, in ne
gotiating the loan, made it condition
that we should not give ANY silver
After your telegram today asked the
language of Mr.. May, and was told rs
| wired you, "Don't give Us any sill
ver," to which Governor McLaurin was
silently scquiescent. Mr.. Jones says
the request was in such time and man
ner as to be equivalent to condition.
Yours truly,
Il. w. GRIFFITH.
Since the above was put in type, we
see the governor says the original con-
tract did not discriminate against sill
yer. II is also stated that the State
vaults were not in condition to accom-.
odste the silver. However all this may
be, the matter shows the cumbersome
ness of silver and the disin.lination to
handle 1t in large quantities even by
its friends.
ALL RECOMMEND 1T.