The Caucasian. (Shreveport, La.) 1900-192?, 1907-01-06
THE WHICHNESS OF THE
WHEREOF AND THE
WHEREAS.
(To The Caucasian)

(To The Caucasian)
Some men shift their mind with the
wind and are governed by the state Of
the weather We believe you are one of
the few men in this town who may ex-
plain the whichness of the whereof and
the whereas connected with the Mer-
chants and Farmers Bank, which de-
functed on April 10, 1906 The "I-told-
you sos" were not surprised nor alarmed
as they could easily deliver themselves
of the whichness of the situation, but the
depositors, men and women who had the
greatest confidence in the bank, were
shocked over the whereof of this, to
them, unexpected failure for which they
expressed regrets and the hope that the
bank would soon resume business.
There followed gathering of where
as who resoluted vigorously over the
bank having gone up the hurne. After a
great ado and resoluting the crowd dis
persed. At that time there were men
who were calling aloud for the law. A
few conservative but determined men
favored that time be given to the bank
officials to settle UP, and then there were
men who declared that the bank would
not pay more than 80, may be so, per
cent.
The whereas of this epistle is that sew
eral of the "I-told-you-sos" who gave
little of encouragement and hope for the
redemption by this bank were the most
persistent in urging the rigid prosecu
ton of the officials 1t was discovered
that these loudest of the Il told you sos
had no money in the bank defuncted, but
after this bank gave evidence of a readi-
ness to come across with the money
these L told you sos who had urged
the depositors to ''go for 'em" to crowd
en- to make EN- pay up" have devel
oped as the whereof of the whereas can
be heard again in loud voice Il told you
So Il told you the bank would pay
hundred cents ON the dollar but who,
when opportunity offered, were only
willing TO buy some poor devils claim
for IS or 80 and in some cases at 50
cents on the dollar.
And the same Il told you sos are
now criticising the depositors' commit
tee and their lawyers, representing the
depositors who joined together to the
number of, as | understand, 23o, mostly
small depositors, who have and are max
ing good their promise to their attor-
neys, Hall & Jack, employed by the COM
mittee. who. instead of being criticised
by these i told you sos should be lie
cent enough to keep mum on a question
which did not concern them directly and
who by their unnecessary criticism in
duced many well disposed depositors to
not join in the movement which has cul
minated in every depositor receiving a
hundred cents on the dollar with inter
est added
Will any sane man-excepting these
I told you sos believe that what has
been accomplished would have resulted
from the inactivity of these depositors.
If you can explain the whichness of the
whereof and the whereas in connection
with these 4 told you sos you will rem
der a great service to some of your
friends A DEPOSITOR.
If The Caucasian were an Il told you
So there could be no question or theory
or condition which it could not forestall
and be ready for any and every emergen-
cy. 1t is assumed that neither the COM
mittee representing the depositors nor
Hall & Jack, legal advisers for these de-
positors, are seekingg plaudits and COM
pliments, but it is fact, and an all-im
portant fact. that if the depositors rep
resented by Hall & Jack had been joined,
as was anticipated, by all the depositors,
the depositors represented by Hall &
Jack would have had to pay only 2 or
I-2 per cent, instead of per cent. Il
may be questioned but it will not be dis
proved that if Hall & Jack and the COM
mttee had not operated as they did, that
the settlement secured in two payments
would have been delayed probably in
definitely.
The "whereofness" of the situation is
that the depositors who had the greatest
amount at stake have profted from the
endeavors of the depositors of small
means cooperating with one end in view
and the whichness of the whereas is as
an old story concerning the hog, which
it is unnecessary to depeat. The deposit
ors represented by Hall & Jack are full
filling their contract, and it is not believ-
ed that one of their number will be so
mean as to evade their contract The de-
positors operating through Hall & Jack
are well pleased to know that all the de-
positors have prohted from their action,
which is another indication of the power
of cooperation directely 1ntelligently