Piney Woods planter and Amite union literary reflector. [volume] (Liberty, Miss.) 1838-1838, 1838-07-07
From the Free Trader.
MISSISSIPPI LEGISLATURE.

MISSISSIPPI LEGISLATURE.
REMARKS OF MR.. STONE, OF PIKE COUNTY
In the House of Representatives, Feb
ruary s, on the Union Bank Supple
mental Bill-the motion to removt
I the Branch from Augusta, PERI,
County, 70 Mount Carmel, Coving
ton County, being under considera
ton.
l Mr.. Speakcr.-Thc action Of some
gentlemen upon this bill, to my minc
is peculiarly strange and singular. The
whole order of things, seems to be per
vcrtcd. The House had the farce, now
comes the tragedy. This young bant
ling is to be inundated in its swaddl
ing clothes. 1t is well known, Sir thai
there was large and respectable
minority in this House. who were op
posed to the original charter-believ.
ing that the interest of the community
did not require it at this time. 9th
crs were opposed to the charter, be-
cause they thought they saw defects.
subvcrsivc Of the rights of the citizen
and the interest ofthc State. 1t is
well known, Sir, to this House, that |
was one Of those who gave their vote
against its passage. | not only belicv-
cd that we had sufficient chartered
capital 10 supply the wants of the pco-
pie, but that the charter in It's present
shape should not be palmcd upon them.
believed the principle to be a sound
one, that a State should have no more
chartered capital, than their exports.
From the best estimation made upon
the subject. our exports are about II,
and it is well known that our
chartered capital exceeds it, by 81 or
S5OOo,00O. But as a majority of this
House saw Fl. in their wisdom to en-
tail II upon the community, ], as one of
that community, feel bound to submit
with all possible grace, and | really
wish that all the fears and apprehcn-
SION that have been manifested will
never become stern realities, and the
most fond anticipations Of its friends,
will be fully realised.
Bat, Mr.. Speaker, permit me to pay
! passing respect to men and measures.
olching the Union Bank charter.
The gentleman from Madison, Mr..
'hilips, think. was chairman of the
committee, 10 whom was referred the
inject matter; at all events he seemed
o take it under his kind and guardian
are. ] listened with pleasure TO all
us arguments upon the original bill
nring its passage. He was more than
oalous in the cause.-The told us that
nc energies and industry of the peo-
lie were nearly parayscd by the de- i
angement of the monetary system of ;
&C country. that the experiment uron
nc currency had well nigh spread
lin and desolation over the whole S
ountry, and nothing but the wisdom '
nd patriotism Of This Legislature, t
ould prevent It's bursting like nigh q
Z torrent upon the whole State, and t
weeping away the rights and liberties c
the people. He paid, at least, the h
Did respect, of a passing glance to the O
J ADMINISTRATION, that had been The prime i
nd moving cause, of all the disasters c
i'd anguish pervading the community. IL
shall not now, Mr.. Speaker, stop to f
lquire, whether tie administration a
I've unwarrantably tempered with the O
lrrcncy, or whether, wild and extra b
giant speculation, and over-trad;ng tt
nong the people, or any other caus Il
I've produced the state of things, of /
hich the gentleman complains. But. le
that the power, genius and tt
oquence of the honorable gentleman SO
I'm Madison, "almost persuaded me d;
turn from the blight and ruin Of this We
ntry day, to the glorious anticipation w
the future. and to do or say nothing, hi
t give a silent vote against the pass til
c ofthc bill. Among other things, pl
:. Speaker, it was urged by the gen CT
man, that this bank was the peoples ar
nix; that the last Legislature had te'
omitted this charter to their conisd- bu
tion, and the people had given il he
If sanction by pledging the faith of Sil
State--and that any alteration or be
cndment Incorporated into the orr tai
al charter, would be an open viola pc
4 of the constitution. That the peo- tie
have sanctioned this charter with VIII
its dclormity and imperfection up col
its front--and we must pass the the
as il is; and the only way it can be ha
rn ofits deformity and its defects He
lediSd, is, by a supplemental bill;I his