The Arkansas advocate., 1835-04-10

ne that ni.ne should should l. lest n obtaining charter. Necessity sefns to require it. as measre of selt-setenee, to guard
 against theinundaton of foreign bank
 notes, and protect tn people from per-
 plexity and consequen loss. The estab- iishment ofa Bank n Arkansas-as 1t should be ineyery othr country-ought to
 be with vie9 to the creating safe and
 profitable stwk, sue as would be safe
 repository fes- .he afAlic funds that vii! hereafter accue to ts Slate, in trust, for
 beniicent punoses-for education--worlSs of internal imsroyennt -aud the like pub- hc obiects-aqd be kewise an inducement to foreign capsallstso make investments.
 That large amout of banking capital
 might te usefully an proftably employed at the present tlme,a Arkansas, no one can doubt, who " examine the general state of the coaftti and contrast it with that of the neighborg States of Mississippi and Louisiana, whe money can be had on proper security, whh enables the indus- lrious and enterping citizens of those States to reclaim .nds-open extensive iarns--and add lgely to the products. and consequent vAsh O. the country. believe 1t has beenonsidered the best cri- terion to judge rosperity of any coun- try by the increase or diminished value of property. five a governed by that rule, what d lanentabl difference appears be- tween Mississippand Arkansas! Lands in the former, on e. east bank of the Mis- sissippi river, wommand a more ready sale at ten dollal per acre higher price, than the same quity of land in the latter. similarly situate a the west bank. You may ask how this possible--that the same quality of lad, on the same river, and immediate neigborhood, should vary so much in price! i'he answer IS plain and obvious. The lonied facilities that the settler can obtai in the State Of Mississip- pi, at the presertime, makes the land real- ly worth that mch more to him. Thus, at any time wiihi inc year, the planter or farmer can antiipate large portion of the proceeds of hiSoming crop, at moderate rate of interest which enables him to ob- tain additionalabor to assist both in tho cultivation andhe gathering of if, and like Wise affords hfl the means of purchasing his supplies aithe most convenient time, and al reducetpfices. In Arkansas, there being no monid facilities, the farmer and planter have ptiently to await the return ol their crop, whie their immediate wants are to be suppliedeither by resort to fhe ge- neral credit sytenl, or a loan at an usurions rate of interest This, however, IS not all. In that part ohhe Territory where the soil and climate ismost congenial to the growth of cotton, the abor of hand will cultivate much mere nan he can pick out, conse- qnenlly the nore perseYering of those en- gagged in that usiness, have annually to ex- pefience the oss and vexation caused by seeing portbn of their crop. the rewarc ot their indusry the previous year, elthe' destroyed by he winter rains, or necessa l rily burnt up in the spring, in clearing of their fields, ald which, had they the like ia eiiities with titir Mississippi and Loulsian, neighbors, night have been saved by anti cipating pad of the proceeds and investing II in labor The advantages to the agri euitarlst, however great they may De, iron the unimprosed state of the country ant want of capial, arc not more. if indeed the, are equal, toihose that may be expected t' result to persons of other callings. In man of enleprize and industry, whether h be mechanic, merchant, or trader, owing t the present state of things, may expect | be greatly benefited by the establishment of Bank, based on solid capital, IIbera
 HAMILTON.