Richmond palladium. [volume] (Richmond, Wayne County, Ind.) 1831-1837, 1833-02-09

/, thousand souls to county, and if the
r bank accommodations should be ba.ee
: upon the wants Of the people, the
, loans could not average more thar
three hundred dollars each. Til:
would make more than hundred
state debtors to each county, aud the '
generally ofthe busy influential char
aCter, with one common interest and
under common influence. With
such an army the bank might work
wonders. Interested agents in every
neigtborhood, If the farmer was re-
fractory the price OF produce could be
reduced by producing scarcity of
money. The brightest prospects of
Industry could ne blasted by bank
operation at a critical moment, ut an
instant. and it is not uncharitable to
allow the idea that those who are en-
gagged in the management Of the bank
Operations will in all probability have
some little interest in the outdoors
operations of society. If sacrifices
are To he brought about or speculations
to be- made by the use Of money, the
bank men will not be indifferent about
who should sustain the one orthe other.
But this is not a pleasant subject to
dwell on. have ONLY been vomiting
out what might be done through the
instrumentality of this bank. s..ould its
proprietors and debtors beer SO de-
generate, with the means placed in
their hands BY the state. 1t - SAID
that money has a corrupting influence
ard seeing that men hive in all coun-
tries and in all ages generally prefer
red their individual interest to the pub
lie interest, it might so happen that
those to whom the management OF
this bank should he consigned might
act the same part, though should
hope for better Things.
| There is, moreover, in the distribu-
ton of the capital borrowed at the
risk OF the state. a strong squirting at
sectional partidllty. For instance, the
White Water country fo,ms the Sc
cond and thirn bank districts and con-
tains a population Of one hundred
thousand soalS. It's population is,
under the presen. system of taxation.
responsible for about two HUI red
and thirty-four thousa ID dollars of the
sum loaned by the state, aud if the
system Of taxation be changed to the
ad valorem system they :, ould be LA
bic for at least 100000 thereof, yet in
its distribution they get but SibO 900
Of the state capital, whilst other dis
tricts, for instance the first and sixth,
with population of little more than
forty thousand souls together, and who
are responsible Tor less than 100000
Of the state loan, receive SlO0,OJU of
the state capital to be distributed.
Can it be said that district in the CEN
tire Of the state. where all the mon, Y
is disbursed, with a population Of lit
tie more than twenty THOUSAND souls
who are purely agricultural in their
pursuits, shall need as much capital
as a district in the east with a popula-
ton Of more than fifty thousand souls
engaged in the same pursuits. There
is but one consideration upon which
the friends OF this measure could ask
for such Il distribution OF the state cap
ital, and | hope that has no INFLUENCE
on this measure. 1t might indeed be
necessary for the mother bank at In
dianaPolIs to keep Oh hand or at its
disposal large surplus capital. Il
might answer a good purpose III recon-
cling some unquiet spirits and ex-
planning an ambiguous propriety in
the Dank administrations. but it could
not be all proiitably employcd in the
regular business of the district, and the
idea of employing it as f4iave sug-l
gested is too humiliating TO pc serious
y thought of an instant, andif it could
be it would be a strong argument a
gainst the whole concern. +
l now come to the details of the bin Il
and must discuss it as il Is, not as i L
might be. We who are opposing it
have made many efforts To- amend il Il
beneficially as we supposed out have
met almost a united opposition froml
all the friends of the bill 70 every pro /,
position. There seems almost as much1j
aud concert of action amongst
hem as though they had bat one mind L
IN the subject, and if such AN ideals
:ould be at all tolerated, ] should bel
Induced to believe It was mad ter Of ar /
and that there Saszmorel I
lnxicty to haveA bark and 4 lhoFFoBi Il
money uDon thu. csHd< nf fhsnnaafe 4.