MR.. WALKERS LAST ClRcULAR.
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become
desperate as to his chance of success, and that he
is wholly reckless as to the means by which he
Mnl his opponent. In his circular he i'm.
ny attempts to fix the impression that Gov.
Yell tried to evade the discussion Of general poll.
tics, and to make the banks of this State the only
issue There is nothing which is more untrue. as
is we'll known to every one who has heard the
public discussions of these two gentlemen, and
PARTICULARLY the speeches of Gov. Yell. Mr..
Walkers party had charged upon the democratic
party that they were the authors of the banks OF
this State, and we're responsible for the evils re.
sultng from them. To repel this charge it was
necessary for the Governor to speak of his own
course in regard to the banks. This he did upon
all occasions, but not until he had fully discussed
all the great questions of national policy which d.
vide the two parties. Upon every occasion he
candidly admitted that he had subscribed for stock
in the western branch of the Real Estate Bank.
the reasons why he did it-and further, that in
ls4O he transferred his stock to Col. Elliot H
Fletcher. This Mr.. Walker never denied until
recently.


1t seems that Mr.. Walker had conversation
with Col. Drenner, about the transfer of Yel,s
stock when he Pcovered a mares nest, as he
supposed, out OF which he concluded he could
make capital-that the transfer of stock had nol
been ''consummated'. He left Col. Drennen, and
day or two after set down and wrote to him for
information, as though they had had any
conversation upon the subject, and Drennen's an
swer was of the same tenor, never even aluding
TO their previous conversation. We say they had
conversation, because Gov. Y ell charged it up
on Col. Drennen here last week publicly, and
Drennen admitted it. Mr.. Walker also wrote to
Thomas w. Newton, Esq, the clerk of the as
signees of the Real Estate Bank, for the same
purpose. This was done with the view of rails


ing an issue of fact, and fastening falsehood up
on.Gov. Yell. But the Cove rnor has manfully
vndicated himself from the personal aspersiop
attempted to be cast upon him by his opponent,
and if Mr.. Walker has not yet learned the fact,
he will ere long discover that the people approve
of manly and gentlemanIy course of election
eering, and that the road to public esteem and
public favor is not over the larnished reputation
of a political competitor.


Gov. Yell has fully sustained every statement
which he made. He has shown to the public
that he had transferred his stock to Fletcher, and
that he had Drennen's certificate, this he did here
IN Drennens presence. to the satisfaction of eve
ry man present, except those who are so blinded
by PartIzan prejudice, that Angel from Hea-
ven conId uot convince them-and of such the
number was but few. Every man of sense
knows that the deed of trans fer made by Yell to
Fletcher was a complete transfer of the stock and
entitled tletcer to all the rights attached to it
Mr.. Walker and Col. Drennen have both quoted
the 3lst section OF the Bank charter, to prove the
transfer had not been made. That section pro.
vdes that transfer, which operates as DISCHARGE
of the stakeholder, shall be consumma,ed by the
new stockholder, furnishing new bond and
mortgage, &c.


But was there any obligation upon Gov. Yell,
from which ho desired to be discharged! We
are assured by the gentleman who arranged
and prepared Gov. YeII's papers, that no stock
bond was ever given, nor was there any mortgage,
Gov. Yell being IN Washington city, when all
the papers were prepared. Gov. Yell then had
never perfected his stock. and transferred the
S''''O ~ SSneT, ny WHOtil u must Oe pef1ec
if it ever should be done. There was no neces.
sity for new bond and mortgage.


If it is then insisted that Yell has not Transferred
his stock because Fletcher did not give new bond
and mortgage, we may assert with equal certain
ty that Yell never was stockholder, because he
never perfected the stock by giving bond and mort
gage. This fact. however, which exists. was not
stated in the letters Of Mr.. Walkers friends in the
bank. Others may say why.


But suppose the Governor had perfected his
stock, could he not have sold his stock to Fletch.
er, with the agreement that his lands shonld re.
main liable for the stock or could he not have
sold the land and stock together?


Mr. Walker asks these questions. "But did be''
(Gov. YeD "offer to transfer the stock Did he
ever give notice to the President and Directors that
he wished to transfer his stock % And to these
questions he answers No ! with an excIama ton.
This he has done with the proof before him of the
affirmative and proves that his statement, so far.
was not only untrue but that it was wiful and
premeditated.


Mr.. Walker goes 10 his political friends and DO.
liticalassociates--CoL. Drennen, Bank Presr.