Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1838-11-06

| reasons which had pFouIHtSu siAo tsNf.osss4
ton TO make the present; and then mr..
nR1RIrc. he banded 10 him the. cup % the
name Of the Conventions accompanies by
Ia tow brief, appropriate and feeling re:
marks.
Mr.. BEARING then rose and 10 aes
eePting the present, retufned hls tnanks
ID i short speech highly opilalo e ~
r. Boyce offered the following resOlu-
ton. which was adopted.
Rcso7oed,r That the Vice President Of
this convention be permitted TO take part
il. its discussions.
Judge LONGSTREET, Chairman
ofthe committee of 81, made a lengthy re-
port upon the objects of the convention,
accompanied by the following resolution:
Resolred, That the members OF this
convention will use their best exertlons IN
their respective States, 10 form trading as
sociations ia order to carry into effect the
purpose Of this convention.
Q Resolved, That increasing facilities
of intercommunications by Rail Roads
and Canals, between the interior. Western
and South Atlantic and Gulf of Mexico
States, are among the mostlmportant mea-
sures of restoring to the commercial Forts
of the latter, the direct trade which has so
recently departed from them.
8 RcsolUed, therefore, That while II IS
strongly recommended by this convention,
TO tie different States to afford every aid.
20 approved worksof internal improvement
having the above objects in view, 1t IS e.
quaIly obligatory on the companies or cor
porations chartered for said objects, TO
consider their works as but part of one
great design, and so harmonic and coop
crate in their operations, as to produce
through those great arteries and ueins of
the-great commercial body, a circulation,
as perfect as that which nourlshes and
animates the human system.
A ResolUed, That the Banking Inst.
tutons of the respective states in which
they are located, cannot more surely ad-
vance their own interests, in connection
with thepublic prosperity, than by afford
ing succor in their beginnings, TO those
great orks,which are intended to developc
the hidden resources of interior countries,
must, in return, reciprocate TO those instr
buttons the benefits of embarrassing and ex-
tended commerce.
ReSolred, Therefore, That while the
beneficial effects of banking privileges SO
iudiciously granted by the States of Ten.
nessco, North and South Carolina and
Georgia, to the Central and Athens, and
the Charleston and Cincinnati Rail Roads
have been most clearly demonstrated in
the successful pro gress of these works to
the consideration of the other south wes-
tern states, (requiring an extension OF
banking capitaD that the aid, through sim;
liar institutions be granted TO Rail Roads
and other works of i'm provements, within
their own limits, having in view, the i'm.
portant designs of more intimate CONNER
cial and intimate rcf1tons among them.
selves, as we'll as with tn c more remote
states ofthc interior.
6 ReSolped, That the banks of the sew.
eral states lie respectfully solicited to form
commercial connections, with like institu
Etions or capitalists in Europe, for the pur
pose of furnishing facilities for dircc
ltrade between the Southern and southwest
e st,tes, and that country.
4 AIEC ~ HOT MIS-
| that the report and resolutions be accep
ted.
Hon. ISAACF. TIon IVES, then ad
dressed tho convention in a speech of con
siderable leigh in support of the report
and resolutions and in. explanation O
the causes Of the depreciation of South,
ern commerce, and the proper remedies tc
be adopted.
Col. JAMES HAMMOND, Of S. C.
moved to strike out that portion Of the re.
port which urged upon the southern states
the propriety of connecting extensively
bank capital with Rail Road charters, to-
gether with the resolution based upon it
Judge LONGSTREET, supported tht
motion in few remarks:
Col. NOBLE of S. c.. made shor
but impressive speech in opposition to til,
motion and infavor ofthe original report
Col. HAMMOND followed him Inv de
: fence ofthe motion in short but anima
$ ted speech.
2 Hon. JOHN P. KING, also aGdressc
the convention in favor of the motion t
strike out, and moved to modify that me
, ton SO as to strike out every recomnler
&c dation in that report of an increas
Of banking capital.
: Mr.. BELLINGER, also spoke in fave
= ofthe motion. !.
Z. Judge BERRIEN addressed the col
= ventlon IN a speech of considerable lengt
: and great force in opposition to the motic
o to strike out. aE9xs
n Mr.. KER BOYCE, also spoke in o
Il position to the motion.
IL Mr. BEENE of Alabama, folio v,
n in favor of striking out the recommend
ne ton to unite rail road stock and bank ca
is ital, but against striking out the recon
s. mendationsto increase banking capital.
70 Mr.. ]. C.. HOLMES. followed on Il
II other side and advocated the expediency'
us connecting rail road stock and bankiI
ms capital.
be MIR. J. A.ICALHOUN and BELLFl
SO GER, made a few remarks in favor Of Il
er motion.
or Hon. B. F. DUNKIN made a war
en- and able speech in opposition to the m
ne tonic strike out.
Mr.. JENKINS, of Geo. rose and
d fercd tho following resolutions. as a su
q stitute for the motion Of Col. Harmon
a. as amended by Mr.. King,andwas adoptc
HS Resofresi, That the Legislature
each SoutheFn and South Western Stat
E be recommended to re-inquire wheth
r. than ~ -, - ;.s,..l, cytatsa n. :.