Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1836-11-26


Extract from G5r Cio,fs Message, 10 the Le-
sisiainc Of liotana, dci,ter,d ct Tuscaloosa,
Nor s, 1886.
II cannot have escaped your observation, that
the Legislature d Pennsylvania, at tie last ses-
sion passed an act granting new chatter TO the
stockholders oi tie late Bank of the United States
with a capital Of lhrN five millions 81 dollar, To
con'Iuue under de sane name, for the term Of thr-
ty yoars.--N hatcyer ma, be- or individual opR-
IONS as To The manner IN winch the chatter may
nave been ob,ai'e ed, or the effect It may have
elsewhere, IT not our province 70 say. Nith the
| policy OF eNpcduncy Of tins measure. we have
nothing 10 do: tbey belong exclusively to tic peo-
! pie II Ii sister state.
! tut there Is a question connected with the
management OF this us,l.u,iol ul deer, and, IN
financial poini of view, Of vital interest 10 oul
| State. aimdo to tie establishment Of a bfanch
or Agency within ON limits.
! In my opuou, II would be unHisc N us to sui-
| fer any banking institution Of any ct State, or
| Government, to send branch intu Our state.
We are 'uily competent To- tie mana. euont Of pm
own alul'~, ia tins department. We haze ou
own banks, owned exclusively by the STATE, or
| thcH ogcau,Ip., 90 INTO oar treasury iul he pun.
.ic benefit, or IouH TO he pockets ci ,ur owr
people. II j. oHh necessary IT, know the a 4ouu
81 torc On caplla employed here II this business,
and tuc rate OF discount, 10 enable Us 70 estimate
! lie amount which would be at-Ua.t,d annually
from tAe iucfca,In, wealth of the state. !, j. U.s.
uaI, tpo---nay, atuo,l universally the ca-e---tha,
Hauk. pay bonus io TIC extraordinary pfnt-
!c4t, Which they exercise. yet, ~ he event -uP-
posed, We should net even have fhl> poor return.
II branch established ~ tao usual mode,
would be objectionable how much more 20 Wuaia
be an agency! 4 branch might he cxpeDtG t.
have a board Of Directors, coIaposod oi oar
oNn citizens, known to u and hayrg some ~
tercst IA conn)n, and some sympathy WIN 10.
| Tut al agency would be without Tins iecDc guar
cnly, aud would bent,crly inc -pon-bc to tho,c
over whose nights and interests It might, aud
doubtless would, weld a most powerful lluencc.
Indeed, regard an agency, at tie und conem-
plated, nothing else than branch ~ di-gusr
III branch wlthou, amy OF he usud Restraints,
and N the worst tolm q could be introduced H.
monest Us. The bills Pvt III ejaculation by It
would rot be rcdccnJhlc here, hui IN flliadc-
phla whist with DE aid Of the tmlncnsc capital 81
tie Bank, II coiid and it may Ieasouallybc cx-
pcced, uouid embalrAss and cripple our State
institutions, and njurc ON conn elca and az
rcnlnraI interests VIC haze witnessed the iaciI-
ny and reckicsuess, with which The Lank Of the
/. States under it, late charter, could expand
and contract IT. accommodations, without regard
70 tie interest, Of security Gift. customer, At d..-
TAM branches: Can ne hope tol a more IlJclaI
81 Just pohcN "hen Il may carry on It's opera
tons through an Individual agent
In regard to the utility Of an agency, in equal
Izlrg eychangcs-vhich Is TIC chlci qrouj d On
which It's establishment Is sought 20 be maintain
ed link experience ha- shown It to be, a,
/ least, mere dc,Bsion. II Is believed exchange
has never been more uniform, moe easily obtain
ed 81 or better terms, than SINCE vc ceased 10
rely on the Bank of the { nlted States, do not
doubt the power 81 the Legislature TO coacl laws,
having the effect 10 proInpit HE establishments of
such an agency IN our state, and have no hest
fancy IN recommending the justice and cxpedon-
cy Of such measure.
| In compliance with the requests Of the Gov
ernors of Maine, Massachusetts, Connection.
| New York Michigan, Virginia, Ohio, ard Ken
lucky, lay before you, Resolutions OF The i.eeis
atures OF those States, respectively, on the sub.
iect OF Abolition societies and lnctndfafy pubhca-
, tons. | am gratifed TO perceive they generally
deny the constitutional power OF Congress 10 IN.
teriere with tie relation Of master and slave,
IN any ofthe States; aud discaim for thens elves.
AID ior tue people Of hOM respective States, all