Richmond palladium., 1833-03-09


poration Of a state bank, but that mac
heard OF no remonstrances against IT.
The Col. agrees that petitions were pre-
sented, and, by his silence on the subjec'
of remoDstrances, gives US To understand
that none were presented. Let us, foI
one moment, examine the Colonel's arith-
metick, and the justness of his inferenccs
1t appears, according to his own shelving
that only one hundred and sixty -eigilt vo-
ters of this county thought proper to in
struct their representatives on the sublect
Iof the bank. Of these l6S, it appears
II that ALL were in favor of bank. Now
had all the voters in the county thought
proper to instruct heir representatives,
what portion would have been against a
bank2 This is plain question in the
single rule Of proportion. Ii, Of l6S peti-
TONERS, all were in favor of hank, what
number would be in favor of it if the pet,-
tioners amounted to th,rty -one hundred
As the Col. is good in figures, leave the
problem for hlm TO solve, merely remark
ing that there is as much reason to believe
that those who dld not petition are in ia
vor of bank, as that they are not.
When | proposed giving the Col. my
haad, in case he should prove that the
proposed bank, had II gone into opera
ton, would have had a different effect
from that intended by its trainers, | sup
posed that they intended by means of this
bank, TO fuInish the citizens of Indiana
with safe circulating medium, and re-
lieve them from the pressure under which
they are at present suffering. If such
were their intention, and defy the Col
or any other man to deny it, his qulbbling
on this subject will avail him nothing. 1
charge our representatives, with voting a.
yainst a measure which would have been
Of incaiculable benefit to the ,ckoIe state
If Indiana, and for my proof refer to the
!:ilI as it passed the house. 1t Is for the
people to say whether the evidence sus-
tains the charge; and that they may the
better Judge, if our representatives will
each pay two dollars, and l will en-
gage to make up the remainder, and get
the bill published in pamphlet form, and
distributed gratuitously among the people.
II they think that the bill Is sufficiently
Objectionable to justify their opposition,
they will certainly have no objection to
having it published.
The Col. makes considerable puff a.
bout the stockholders being allowed to E.
lect a majority Of the directors. Let US
sift this objection a little, and we will see
what it 10 worth. The bill in question in
corporates ID company of individuals with
banking privileges. No stockholder, ac-
cording to the restrictions of the bill, who
is not resident Of the state, shall be al
lowed to vote for directors. Then, Of
course, the actiuc or real corporation is of
the state, the individuals composing il
having the same interests, feelings, and
privileges Of other citizens. And yet the
Col. tells us that it is not safe to entrust
the election Of majority Of the directors
If bank to these men. That privilege
ought to he taken from the people. and
given to the legislature. Yes, give the le-
gislature the power to elect a MAJORITY of
the directory, and what glorious field it
would open for log rolling. This or that
man wants to he a hank director, and this
or that man wants to 60 to the Legislature.
The one uses his influence to elect the
other, and he returns the compliment in
the election Of directors 'You scratch
nv back and I'll tickle your elbow" We
are gravelv asked by the Col VIII, we
would give individuals control over the
funds ofthe state? The bill contemplates
no person as a stockholder TO the bank
hut citizens Of the state, and the members
Of the legislatv re are nothing more than
citizens Of the state. Then what does the
colonel's objection amount to? Why,
that the common people are not qualified
to distinguish between honest men and
knaves; but give as, saws the Col. the e.
lection Of a MAJORITY of the directors, and
all will be right. Yes! member of the
legislature, with a majority Of the bank
directors his own creatures, would have
little fear of ever being reformed out Of Of:
fee. If such were the features Of the
bill, no doubt some would have been very
willing to have passed it.; particularly if
they had an itching for seat in con-
press, or anv other dignified station which
thew wished to mount into at once, with
out depending on the slow but certain op-
Grafton Of public gratitude for services
rendered.
But this is not ALL The money put in
TO the bank by the state IS only part Of
the funds thereof. The very individuals
who have the management Of the busi-
ness, must, according to the terms Of the
bill, have a certain portion Of money in
vested at the same time. They are bound
and sworn TO discharge their duties faith
fully and impart;ally, and il they we're
o,,,Itx, ,r apx- viola taOn If the ~ha yfor thpy