Staunton Vindicator: February 25, 1870Go To Page : 1 | 2 | 3 | 4 |
(Column 01)Summary: Summarizes a meeting of the stockholders of the First National Bank of Staunton. Generally has harsh words for the Board of Directors, feels they are fleecing their customers with a resulting downturn in deposits for the bank. Warns potential depositors to be careful when dealing with the bank.
Full Text of Article:[No Title]
A meeting of the Stockholders of the First National Bank of Staunton was held, on Thursday last and the proxies being right this time, the election of a Board of Directors took place. On motion of the Cashier, so we are informed, the old Board was re-elected. The reduction of the large salary of the Cashier, $3,000, was not suggested by any member of the Board and consequently, by silence on this subject, the previous action of the Board was ratified, and the salary of the Cashier left at $3,000.
The election of the old Board of Directors, just as it stood when they voted, 4 to 3, to raise the salary of their Cashier from $2,500 to $3,000, removes the cause of complaint, we have heretofore noticed, from the shoulders of the Directory and places it upon those of the Stockholders. They have virtually endorsed the action of the Board of Directors and would have us understand thereby that they intend to run that Institution so as to make the most they can, regardless of the interests or necessities of the public. If you want money at their counter you must buy it, you can't borrow, for, to receive fair rates from borrowers, they could not pay their officers and other expenses now, and hence you must buy it, that is, if from 2 to 5 per cent per month is buying. A favored few may get money--and even large amounts--at a fair rate per cent, but the hoi polloi, the multitude, who really need it, must pay the piper.
The Stockholders are certainly ignorant of the condition of affairs, or else very callous as to the interest of our people and even themselves. They do not seem to understand that a reduction in the deposit line from $108,000 to $77,000 means anything, or else they think that the people are bound to or will deposit with them ultimately, no matter to what excesses they run. We say to them that they are mistaken. The reason for the decline in their deposits to $77,000, will be the reason for a further decline. Parties will not deposit with you, when you, as all must conclude, exhibit your determination to fleece their neighbors who may need accommodation, and even themselves should their necessities require more than they have on deposit.
This now is patent to the reflecting ones, and those who deposit their money in the First National Bank of Staunton, if they see the drift of its course, become particepscriminis. Without your deposits, it cuts with a Jack-Knife, but with your deposits it erects a Guillotine.
(Column 01)Summary: Again wishes all Virginians to put aside partisan differences and unite behind an effort to bring Virginia back on its feet. However, since Republicans in the state insist on flaunting partisan issues, the editor urges all conservative voters to rally around the Democratic banner and oust the Republicans from office.
Full Text of Article:For the Vindicator
In our last issue we took the ground that political divisions among our people was to be regretted at this time, when Virginia's pecuniary advancement requires the undivided effort of her entire people--that the stake was Virginia's greatest possible prosperity, to secure which we must as one man put our shoulders to the wheel, and, without any distracting divisions among ourselves, give a "long shove, a strong shove and a shove all together," if we would start the old State rapidly along the road of progress and prosperity. We do not as yet let go of that opinion, but circumstance may drive us from our position.
We see, since our last issue, that the gentlemen, who represent reconstructed Virginia in Washington, with one or two exceptions, do not rest content with merely representing us in Congress. They are striking out for a stronger hold on the people. They want to continue in place and perquisites, and feel that to do this they must lead off with a party which will win, and continue to win. They are striving to build up the Radical party by consolidating the three divisions of the Republican party, as they term it, in this State. They have prepared "a call for a convention at Richmond; on a day yet to be named," and they have called on President Grant, to secure the influence of the Government in Radicalizing Virginia. At least this is what the Associated Press Dispatches from Washington report.
In their opinion, those who voted for Walker can be thimble-rigged into the consolidated party, along with the two divisions into which Radicalism in Virginia separated. We think they err most seriously just here. The men who supported Walker, in the main, had been allied with the conservative organization and, when the Withers ticket was withdrawn, took Walker as the lesser of too evils. They were very far from uniting with the Republican party, although they voted for Walker. They were the main, if not the entire strength of the Walker support, and could just as easily, with the same effort, have elected Withers, had it been thought advisable. They are today as much opposed to Republicanism as when they united and organized the conservative party to defeat Republicanism in Virginia. They are dormant just now because they do not see the necessity for political strifes, but if Senator Lewis and Representatives Platte, Ayer, Booker and others force the issue, they will be as firm to their opposition to Republicanism and will as cordially unite with whatever party can most successfully put them down as they did to secure the lesser of evils in Walker.
That the course of the above named gentlemen will, if continued bring into life and vigor, in this State, the old Democratic party, which alone of the two old parties, has maintained its organization in the North in opposition to Radicalism, is plain to all who notice the signs of the times.
It will hardly need a seer to prophecy what side the old time Whigs and Democrats of the State will take when that issue is joined. They will be found side by side in the old Democratic coach, at least, until all damaging opposition is driven from the track, and then they may separate and ride in conservative competing lines as in days long since.
We repent again that we would regret divisions among us at present, but may for the best interests of our people be necessitated to summon them to rally around the old Democratic flag, which flaunted so long at the head of these columns, and under whose standard bearers the country and people progressed and prospered. Should our Representatives in Washington continue to force the issue, it will not be from necessity alone but with a hearty good will we will enter the lists. Virginians are not to be thimble-rigged into this place or that, and Virginia will teach her Senators and Representatives a lesson, to attend carefully to the interests committed to them and leave other matters where they belong, in the hands of the people themselves.
(Column 02)Summary: "A Citizen" writes the Vindicator urging Staunton to take steps to locate the repair shops for the Chesapeake and Ohio Railroad in the town. Staunton's location in the center of iron country makes it well suited to develop industry. "If we can secure these shops, it will form a nucleus, around which a considerable manufacturing interest may be established."For the Vindicator
(Column 02)Summary: A mass meeting in the town of Moscow demanded the extension of the Valley Railroad to Salem. Speeches were given by a number of supporters of the road.
(Names in announcement: Maj. J. M. McCue, Capt. Philander Herring, Thomas E. Hogsett, James A. Hamrick, Col. M. G. Harman, H. W. Sheffey, Capt. T. N. Clarke, C. Kinney, F. Gilkeson, F. V. Vincent, Samuel Forrer, E. M. Bell)
(Column 01)Summary: The ladies of the Episcopal Church raised $300 at their recent fair.[No Title]
(Column 01)Summary: The home of Mr. Reintzel caught fire on Monday. The Fire Company was able to put it out.[No Title]
(Names in announcement: Reintzel)
(Column 01)Summary: The paper reports that a new telegraph company, "The Southern and Atlantic," plan to run a line between Washington and New Orleans. A branch line will run through Staunton to the White Sulphur. An agent has been in Staunton making contracts for poles.An Imposter
(Column 01)Summary: The paper reports that a man calling himself Rev. Caperton and purporting to be pastor of a church in Charleston, South Carolina, has been in town telling the Masonic Fraternity and the Methodist Congregation that he was looking for someone who owed him a large amount of money. A letter arrived from Charleston asserting that the so-called minister was a fraud.Married
(Column 02)Summary: Napoleon J. Drumheller and Miss Pennlar E. Golliday, both of Augusta, were married near Cline's Mill on February 17th by the Rev. A. P. Neel.Married
(Names in announcement: Napoleon J. Drumheller, Pennlar E. Golliday, Rev. A. P. Neel)
(Column 02)Summary: Martin B. Grove of Augusta and Miss Sallie A. Miller, daughter of the late Joseph Miller of Rockingham, were married in Harrisonburg on February 20th by the Rev. G. W. Holland.Died
(Names in announcement: Martin B. Grove, Sallie A. Miller, Joseph Miller, Rev. G. W. Holland)
(Column 02)Summary: Alice Jefferson Whitmer, daughter of Daniel A. and Lizzie J. Whitmer, died on Long Glade on February 12th of pneumonia. She was 1 year old.Died
(Names in announcement: Alice Jefferson Whitmer, Daniel A. Whitmer, Lizzie J. Whitmer)
(Column 02)Summary: Mrs. Harriet Currier, wife of Wilson Currier, died on Christian's Creek on February 12th. She was 57 years old.Died
(Names in announcement: Harriet Currier, Wilson Currier)
(Column 02)Summary: James Emory Shaver, son of Andrew and Elizabeth E. Shaver, died at Cline's Mill on February 16th of pneumonia. He was 5 years old.Died
(Names in announcement: James Emory Shaver, Andrew Shaver, Elizabeth E. Shaver)
(Column 02)Summary: Mrs. Elizabeth Fuller died on February 14th at the residence of John S. Ellis. She was 76 years old.Died
(Names in announcement: Elizabeth Fuller, John S. Ellis)
(Column 02)Summary: Walter Mews Opie, infant son of John N. and Isabel Opie, died near Staunton on February 22nd at the residence of his parents.Died
(Names in announcement: Walter Mews Opie, John N. Opie, Isabel Opie)
(Column 02)Summary: Miss Louisa McCaa Haile, daughter of C. A. Haile, died on February 23rd at the residence of Mrs. C. B. Taylor. She was 19 years old. Funeral services will be held at the Episcopal Church.Died
(Names in announcement: Louisa McCaa Haile, C. A. Haile, Mrs. C. B. Taylor)
(Column 02)Summary: Samuel Johnson died on February 24th at his residence at the Western Lunatic Asylum. He was 45 years old.
(Names in announcement: Samuel Johnson)