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COMMUNICATION. To the Editors your of the two Democrat: last numbers I proposed Brown, certain Gents-In Messrs. Belden, Stark weather & directors of questions to voluntarily appointed by the concerns. the committee of Canton, to investigate its the F. were not intended to create any Those Bank questions the hope ad. excitement against the bank; but with have tenditional candid and free answer to them would have that a such excitement. That Committee have not ded to allay to replyto them-perhaps reference they to denot seen proper now to do 80; at least not in of in the means Yet I conceive that by pursuing a course informatails. indicated by those questions much elicited. vestigation value to the community might be the tion of in the Onio Repository." over and answer sign A writer Director does come ward shipped ture respecting of ..A "that $10,000 we 111 are specie' bound said to believe to be that the the to Pittsburg. Repository 1 tink 18 a veritable director knows of all writer in the Brother Saxion," who much at bank, masmuch and as has the interests of the bank perthe directors, not have permitted an unauthorized celheart, would 'a director' has done, through the then son to speak Repository- as How stands the case with senuinns of the accused in the Ohio Statesman bank was specie on the failure. or a ding off this had The that 'premeditated;' 'aDirector' after after the denies, close failure but of been was not gent away till business! mays that it on the last day the bank did Bank on Banking hours true that at the closing of the must And is it the directors did not know the last the next morningf And that faul and shut of up such an impending catasrrophe of day' then that they they without other sent knowledge specie" to Pittsburg to obtain $11,000 which at off "that where with to redeem their circulation; it possible funds amounted to $127,255? And IS time hours the next day the avails of the $10,000 covered that that before that Banking they could for had not Mr. dis- be J. season for that day' operations? before the realized in letter to Lancaster was written the bank A. Saxton's on the next day, announcing that bauk payment on the morning of-that would stop to me from the statement of 'A It appears sent off under I do opened was circumstances director' 'next And day. very that that specie' indicative of a contemplated failure. quite strongly that the President and Cashier bank were could not suppose believe for a moment that the so soft as to sustain itself for an hour en its the notes of other on next and day $12,190in banks against $894 then on in a specie, not sufficient to pay the deposites that the directors could not have run. It No, was supposed without hand. could sustain itself the 'next day' 'its the bank or its avails, and it nowhere appears that those 'that specie werein bank on that 'next day, nor that aavails' vails or any part of them were counted by the Committoe. confession of 'a Director' however establishes DemoThe which has long been asserted by the habit of one fact party, viz. that Banks have been in the depreciated cratic off their specie and selling it for has at a premium. This sort of on the banks to add largely to their the farmers have been shaved to an sending currency enabled and financiering director' income amount is mis. paper, equal to the premium. I think a satis. fully in his supposition that the public would be if taken their claims paid in good currency, and fied could dispose of their specie so as to means $1000 it would to the bank to available have that increase extent their the public.' It strikes me that this operation benefit ten per cent off the holders of all Canton pa= shaved 'the avails' of 'that specie. It also seems aper I believe it, that the holders of to me, Canton Bank would rather have 75 in gainst paid the and by 'Glaims' received paid dollar in 'that specie, than to be cents at and further I think very 'avails' are now at a still greater that 'the avails those on the par, does probable discount. net those 'avails' consist of 'A Director' of What I have nothing to say as to the confidence tell public us. 'once' reposed in the directors of that Bank, the will intentionally de any thing to prevent their renor so much of the public confidence as they may gaining But question much if the farmers who have deserve. of their paper for wheat during the past be disposed to restore them to taken season, so will much directors entire confi- have dence when they Sr. that these same been at pains to their specie exchanged into a curless valuable wherewith to pay off those himself- notes. rency a for each man to answer for a confess I have very little This for my is part question dollars, confidence and who in , who promises to pay me ten re= man de but insists that in offering me nine dol lara has done all he should do; and moreover fuses he to so, dollars, tells & to my teeth that this is the 'avails' of ten t that me he has got the other dollar in his pocket. I should be mighty apt to believe that Integrity and specie payments were simultaneously suspended. o I close now by asking 'A Director," or the whole board of directors if you please, a few questions. , Did not the Cashier or some Directors of the Farmers Bank of Canton very shortly before it bursted, call the t attention of its customers or some of them to the ma e king of further loans. or make offers to do their paper to any extent they might wish? Was not this don e within a week of the failure? I respectfully ask 'A r Director' to State the character of the $5,550 00 stocks h -against whom are your Stock bonds 67,645 00'-for was laid down in the case Ohio vs. your least 60 I am informed? all s as bank the (at Law debtors for the for amoun stock are liable to the creditors of the bank $ due. Is it afact that your bank has busines as stock in, and yet the large amount h upon paid been In statements doing above made mentioned has never been paid in? to the has not your an t not they or one mad e cashier public asserted-have authorities, of President more? them as oath stock in was 200,000 or I t would not detract from the those officers I will explain. not fee a that paid hope you 'confidence' justly do Gazette due disposed to join in the cry of the Massillon gainst you and "fall a cursing you like a very drab, h scullion,' but would fairly express my doubts and ac d cept for and with very great gratifi caton an or a it myself expl anation, neighbors, contradiction wherever in may have misapprehended the matter; out preser e circumstances full explanations are due to the public n If you have erred confess it like men and Christiansand thereby enable the public to be on their guard a gainst the effects of similar mistakes in others. NECKAR e h Another Fiscal Agent has Keen delivered in Con
