The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1837-02-17
speech Of Nr. Mclnnaingcr,

safy, that every man should form his own opinion.
atief al when the matter IL Once explained, there
- no great mystery about IL A Bank Is no more
tlan an association Of individuals, who each having
some money TO spare, agree 10 add il together cor
the purpose Of lending out 10 those who want il.
Such company, when confined 10 this object. can
Ga no sort OF harm 10 tie community. On The
contrary, both parties benefiisd--lhs borrower
ny the accommodation, the lender by the interest,
TIC receives IA return. |, Is rot unI ihis comDa.
ny begins 10 Issue Notes, which pass a. money
ifoin hand 10 hand that the public becomes inter
esed IA thsH doings. There }. then f. danger
That the unwsry may Be taken IN, II the conipany
i'sues more of these notes than lhey are able To
+ pay-Ahd Contingent danger may also arise,
That BY inducing The people to take their Notes
When they have no actual need Of money, the
company may, as the merchants call It, force bu.
sihess II Is requisite that care should b. taken
10 guard agsn.t these evil, and 1t will presently
Dc seen - the Gaze before us that The precautions
are amply sufficient
but inasmucb this Bank Charter is proposed.
merely asa means aud induccincut 10 the making
Of the Rad Road, II further becomes Us 10 provide
that, while GU the ono hand, sufficient ADVANTAGES
must he offered 10 induce individuals 10 make ne
koad ~, on The other prec4uiion. must lie taken
70 eo'hPc them, While eLliyiag tic profits Of III,
b-ha, 10 take The burihcn OF completing tie Road
us e9uiPo,se, u Is thought has been fully al
l'ihtd By the pfotihious .! the prcson, Charter a.
s'h appear BY orief consideration Of them
In Tie hrst place The Bank can have 10 seps.
rate tIisianoe, es,d interest IA II can only be
obtained By bret subscribing 10 the Rail Road
Eisd miiiion. must be actually subscribed u In,
ka'l koze, esiofo the Bank can be called into 81,
is'ence sud ubea. each subscriber 10 the Raj
Read can ont, have fifty dollars IA tie Bank iyr
tssfy hundred DC has subscribed TO the Raj Road
l hsse subscriptions are then made inseparab!c -
That siack holder cannot sell one ihout he 9TH
q Aad Although his Raj Road sock is made
liable 10 pay the 1 d. Of The Bank be has nut H.,
eaiftfpotoias advantage oi making tbs Bank La
a'e iot tie Raj Road cebt,. Neither i he pst.
nliltd a any tue u @Hhdras ironi lie Raj
haAa Company, even bg iotf,,iiug What be H.
a!d lht's bat H. musi .lso forfeit his Bans S.osh
lis interest 70 IT, Bans canno, b. increased unt
&c ko@d fsasses ebitr,ly through Moth Carolina
and 4 estl4 i've }e4t, ltree DHi.iou, worth ., al
fs''cilufe b hol made % the i,aa o., ii sIj.ln
go ears, y mlasons worth BE- 90, ca.s udta. or
De Raat aai.hea u kentucky o, Tie Quo ~ n
sise safs atsn, tire bc ~. pended = NLo,e wear.
the Bank ios,s II. charter. The cap,i.l rub
~hlch the ilaak mar commence, :, 10 lc slout
esuao' y ettehd'd b., Otd 81 million. uu,d tbe
Road .aecea,1el, nAe-,s Tynals.,, ,ud Non.
tuckg
t..4et these pfovi.i1aG it so-'d SEEN To r,- a.,
20 bc question. uhc,ler .u.;i .,eii ,.r,ssu,t,a.
afs taken agaIrst the B.ns Dol Whether. ,,t..I Ill
these fsti'i lios.s, ineNltuai, can Se Induced a.
tako Us Slees 'rusl That TIC Anticipation, i,
'tose ' ~ fufnrd tar charter uisy b. tcalgeJ--
tA-s ts Slsek mas bc sub,cfittG aud tar r5fA
pfosfess ~ that - u may. tie question or your
~ sfni DETERMINATION ~ wAtther Tie charter sutA
a. i =, su.ft'eaily guards lgAiust NJ, ,uartuus
2 yubsie e'iI. snf ensures tbe ank,rs TIE toad
" ~ o'hss softe, aaeiasr tt lhc sAAr ar NJ,
fnAd AID ~ advantages, lAII safe MI charter
the Bank
Satisfactorily 10 decide tau matter. i, seems 4,
ne TAT tafte contijetatsons remain 10 De- sctiI,d
J. Wv Tie eautai 10 b. created /, lhi, Baak.
es ptetsh.f atzl'asd b. the a,iual v auts OF h.,
>iates "a sbleh II asks charter
lie s4.i.eieHt precautions taken 10 secure
1hs pah.le isoai loss upon i's notes
5 /, Tbs etl.'egce Of 10, Bank msde d,p,n
denl upaa tie construction Of tie Road. aud ar,
TIE public s4.i3eicuily assured that TIC Back g. +.
a@ abandon tie ko4t and cHis, without 4,
The 1t I.int appears to ne TO b, s,itlcd bv
metz statement o. TACT. 81 ptsserl toe trshc on
e. tie route OF Ia. road into SOUTH Carolina aua
6epfgia am0uuts TO three millions of dollars III,
' hue euea.sttaa otihis tex ,au j. lAs Ut southern
Banks, aad # Tar Hsusf rp., cou ,emp.alcd wcrt
merely u supplaft tai. tur .lou, GAuitl /,
@og.d eettalnij dos demand wnuid at cucc y.
established b~yond u. posor otsupply. The tfpi.
al q Tbs Hans viii, a its commencement, p.oba
biy not etceef 4 milton Of dUlars, aud tins can.
not b lnefca.zd beyond tao millions or tbrrra
bout2, uniii the .osd itself has made considciabl,
adssaee. W noese' IL acquainted Si,h tho subjrc,
vii peteeise, that it's capital can be absorbed IN
soDth tsteliha alone.
Bot when The Road is extended into North Ca.
Ta'lna, abundant dc,osnd Tor capital wll at once
h created Take bh one article. Supplse an
outlet made Tor tic Iron of Iiuoolu Instead %.
'hc dlmuullse establishments which now exist.
works OF an enlarged character viii be construct
ri, and II bnt c,y OF these were in operation,
nhitoH Of dollars could soon ba ad,antar,nn.y
% q. Extend the same facilities 10 tho Linc
Lead and Tn Ores, which are said TO exist Ia this
-oglne, aud the demand is vastly increased. H.
IS am informed, The Tin Ores, 10 the western
'Art 81 The State, are az abundant a. any abroad
'oa Within the reach OF transportation here al
'nct y source both Of demand for capital aud of
no"hc'lSahlr wealth 10 YOUR counuy-and this !
tat Road Viii peustratc the very region OF its 10.
'alien Hat there is still another vast mine Of
= esIih WITHIN your reach. The hemp raised Ia
four mountain districts, and near the route of ,
his Road, Is said 10 DC equal 10 any 10 the world
| he cornl,as OF Buucuo,bc Burke, lrcdull, Lin. ,
'on, Meeklenhufg aud ,ho,c upon the Yadktn,
,osssss soil peculiarly adapted 10 its cultivation.
ne henp produced has the advantage of manu-. ,
ao'uting Cotton bsseng heavier aud better than
hat impoEted from Europe. This, at once, Will
'"snte II marke,-hccause the bag of cotton be-.
az ro'd by weight, the additional weight Of the !
iiFging tells IN the Planters account. SIirht AS
h's advantage would seem, 1t would give YOU the
Whole domestic market, and when YOU conslder