Canton herald. (Canton, Miss.) 1837-1839, 1838-02-21

perfect 1t, and better enable the State
loenloy the advantages il prospective.
ly holds iorth.' This bin has met with
very strong opposition and was under
discussion whole week in one house.
But was finally carried through with
a triumphant majority. 1t is now in
The Senate and viii pass with but n
lew unlmportant amendments. A bin
to exempt the banks from damages.
which was introduced some time since
will pass; which will be very useful IN
the present state of embarrassment.
Strong opposition has been made to il
also, by the loco-iocos. but fortunately
iorthe mterestofthe untry,thevhave
not the aScendency, and cannot carry
out their ruinous party designs-some
would 90 for prostrating every Bank
IN the State with one fell desolatine
stroke; they appear to be entirely ia.
norant Of the relation in which the
Banks stand to the community and
think thatthlse Xterminating war would
affect the banks only. When marty
prejudice is to be carried into our e.
glSIatlon to decide the most important
questions to our interests, the most
gloomy torebodings may be entertain
ed A bill will pass to permit the
banks to issue for Il definite period
notes OF a le9s denomination than five
dollars, which will tend to supersede
this flood of individual shin-plasters
which now so muchmundate the coun.
try. Alaw of limited partnerships has
passed the Senate and will pass the
House OF Representatives. 1t will be a
useful law, if we may Judge from the
experience Of other States, where it
has obtained a trial; and the great ne
cessIty here TO produce the Joint &C
ton OF capitalists without risk beyond
the amount invested, so as tocreate an
export and import business direct with
Europe; which is certainly our true
policy for the tuturc-and as such we
should legislate and act in all things
with a view to that end.
Yesterday, pursuant to a Joint reso-
luton Of both Houses, the Senate met
us, and after a long discussion on a
point of order, we went into an cleo
ton Of the ten managers to opcn
books OF subscription at the seat of
xoyern@oot a." """''' 49,, ..t.}ofaF m the
Old cI4""'ol, as P,ltS sided mi
the supplement- That these ten mana
gers shall act with full powers as d.
rectors, for twelve months, there was
a great rush to get the appointment.
Consequently, about forty candidates
presented their claims, and a scene of
management and electlonccring was
|entcrcd into with asmuch anxiety and
soicitudc rs if for the first office in
the county.
At length we succeeded in elccting
Runnels, Morgan, GrimbaI, William
son, Irwin, Gooch, Barnes, Land, Nc
Lauren and McRca; being an equa
number of Wings and Democrats.
Lastnight was devoted to the shrine
of Bacchus, and the sparkling glass
and flowing bowl of nog went round
with a high and iovial glec. That
god rcigned lord Of the ascendant, and
his devotees were to be heard, in loud
and iocund strains, the whole night.
This morning is characteristic of those
scenes subsequent to storm-yester-
day all was excitement and anxiety:
/ the night frolic and reveIry. To-day,
while the sun is shining in all its 9 dow
| ING loneliness, the air elastic and eX-
hilaratng, presenting scene OF the
most charming character, inviting all
forth to enjoy what is truly a delight
| ful visitant-a pleasant, clear, sun
shiny day-the jewellers are quietly
finishing their mornings nap.
COMMUNICATED.