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Merchants' Bank Of Jackson

Merchants' Bank Of Jackson image Merchants' Bank Of Jackson image
Parent Issue
Day
9
Month
October
Year
1843
Copyright
Public Domain
OCR Text

-The effectof thisdefunct swindling concern havepassed into thö hands of the Receiver. Onehvndred and elghteen thöusand dollars of its notes Wcre found whieh vvere filled tip, signed, and ready for circulation. Aböut $80,000 are probobly now afloat, as we understand it was the intention of the managers and wire-pullers to get $200,000 into circulation, añd "sweál" the community to the full amourit. No availobíé nssets vvere fonnd in tlte Bank. Now, vè cnll upon the Attorney General tó db liis whole duty in this matter. The mpn vvhö have perpetratrd this and other similar frauda upöh the people of Michigan should not and must not be permitted to escape the punishment which they so richly deserve. Who haa spirited awsy the assets of the Bank? Let the public kow all the facts, Mr. Attorney General. We cut the above from the Detroit Advertiser.The cali upon the Attorney General is a very proper one. But supposc ihe rogues ure caught, and set to hnmmering stone at Jackson, (an event not at all probable while Ihey havo the assRts of a bank to hire counsel with,) but suppose it done, how would that help the loas of the peoplo? They have been "sweated" out of $80,000, or rather out 80,000 hard days work, being an average loss of nearly ono days work to each able bodied man in Michigan. Now, each man could well affbrd to bear this loss, if nny good purpose could be accoinplishcd by it. But it will not. The next bank that burcsts up will sweat the people perhaps more yet, and so on successively till the list is exhausted. Q3 For when did a Michigan Bank close business without loss to the people? cJ} We spoke of exhausting the list of banks; but this is absurd. We suspect a very little specie and ingenui ty could recal to life a dozen slumbering Wildcats al any given moment, thus perpcXuating the race clernally. It is worthy of notice that the good characler of those concerned in a bank affords no guarantee agninsï public loss. We well remember when the names and character of thoie having charge of tho Michigan Bank were cited as infallible proof that the public could not lose by an inslitulion under their care. This helped to sustain the credit of the B&nk in the country for some time. Trust them JYol.'Ar.íl itnw , Joar rcodcrj lct US ÜCirallZG VOll a little, and we will let you go. We beseech yon not to attribute Ihcse "sweats" tliat you sufler frora lime to time to Federal misrule, or Lofoco mismanagement. Such aspersions are altog-etlier iinjust. Tlie fault is your own. If you give a man leave to put out his notes to any extent for money, and redcem no more of tliem than he pleases, do you suppose he will be such a simpleton as tn pay all lii.s obligations? Nonsense! He will pay as little ns is his interest, and swindle you out of all he can. If you have given him leave to do so according to law, how can yoa consistently compkin about it? One inore thought, or ra'her fact. Our Michigan Locofocos are as mucli under the thumb of the Banks as even the VVhigs vv'ere. How can the Legisla tue be paid without a Bank? How can the metnbers loan money? How can the business of the State be done? Their anti bank professions sound best just before the elections, in their County Convention Rcsülutions.The Edi or of the Signal of Liberty, wlio is himself a Minister of the Gospel, devotes a column and a half of the lasi number of his 3ipcr to the advocacy of poliiicaï diseussion jn Ihe Sabbatb. Would the Rev. gentleman ike lo meet liis politicul opponents on the stump and have a fair aiscussion on that day? If 8,will he name the time and place of meeting? - Adverliser. The Editor of the Signal of Liberty, is, indeed, a minister of the Gospel; and as 6uch, on Sabbaths, as well as other days,he preachcs the duty of every man to act politically as well as otherwise, in the fear of God and execute justice. He also teaches that Duellists like Henry Clay, are QT Murderers at Heart, J) abhorred of God, and ought to be equally hateful to man, until they repent. Mr. Bates can hear our sentiments al any time on the Sabbath or u-eek day, when the "Editor of the Signal," is able to speak in public. The insinuation that we have advocated "political discussions'' on the Sabbath, in the sense here given to the phrase, is false. We expressed our approval of Gerrit Sraitli's Jeo tures, which are soleirm, religious meetings, where the most important religious trtiths are enforced from week to week, by one person. This is all the " political discussion" we haveapproved or advocated. It is said that Mr. J. M. Howard, candidate for Congress, writes these cowardly arlicles in the Advertiser. What does he ex- poet to gain by thetal Frora this aiid some other articles, he tries to make hie readers believe that we have thrown away all morality and even deceney, and become perfectly reekless of all restraints. "Uonest Jake"' will find that, in the end, "honesty is tho bc8t policy." (UThey have had a greut National Repeal Convention in New York. They put HX Mr. Robcrt Tylcr, SLAVJEHOLDER, President Of course tbere raust bc a bowing down to

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Subjects
Signal of Liberty
Old News