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the Planters Banks, and the various amendments
thereto, conclusiyely shews that it was intended
that large portion of its capital should be dis
ributed among the several Senatorial Districts,
loaned on mortgage security and that the re-
spective subscribers for stock should pay the
amount subscribed in gold or silver coins, the
notes of the Bank of Mississippi, or those of the
United States or any Of IFS branches. These sal
utary provisions have never been enforced The
subscribers paid for their stock in part by dis
counts in the Planters Bank and no part OF their
capital stock has been loaned on mortgage secu-
rity. The directors Of the mother bank have al
so refused TO permit director, duly commission.
ed on the part of the State, to take bis seat at the
board, under the pretence that every director was
required by the charter, to at least ten shares of
The captl stock. do not consider that the
original charter san tons such an Interpretation.
The 33d Sc clion evidently qualities the 18th:
but all doubt is removed by reference 10 the first
section Of the act approved February 9th, 1888,
which repeas the l2lh section Of the original act.
The State owns stock amounting to about two
million two hundred and twelve thousand seven
hundred and forty dollars and thirteen cents, in
the Planters Bank; all Of which has peen paid
in actual capital. Individuals took two Millions
Of stock, great portion of which is believed to
have been maid in stock notes. which remain un-
cancelled TO this day, having been renewed from
fine II time.


Inasmuch as the Planters and Agricultural
Banks have refused scrutiny into their affairs,
have procured public document which shows
tl,er stuat;on m March last. This statement
~ Of the Treasury, from actual returns made by
those banks, and as it has been long since pub
ilshed and not cohuadicled' may oe icHeu On
as correct


Means Of the PfanterS' Bans, .4pft 2fih, 1851
Loans and Discounts, $3,733,l06 55
Bills Of Exchange, 2,sSO,O34 30
c,sne,dad DcLi o.3o7 9os AZ
S,oeLe 4o.20o 90
Real Estate, ls4,67s 65
Qe- na
Dne from o,her Ranks. 66.ss5 "a
Notes of other Banks on hand, 4S,908 90
Specie, 1921 OF


-
Total amount Resources S9'1o2'2So 5s


LIABILITIES.


Circulation. $l,5ss,s97 l3
Treasurer of the .. States i,o35,5Oi ss
All other Depostors, 345.362 90
Balances due to Banks, 707,4l3 32