Piney Woods planter., 1839-12-21

.
their., which was by great cAerlion S
'ea from destruction, and for which "
tender them our hearty and sincere a
knowjedgoments.-Ya Yagoo CIly H11
Erira, Dec. 0.
FROM The Senate Jour. Of 1888, page %.
ALSBUnY'S and FUCKERS PRO
TEST AGAINST TIE CHAR
TER OF THE UNION BANK.
We Hanson Alsbary, senator from
tac senatorial district composed of th'
counties ofPerry, Green, Hancock an(
Jackson, and TilIman NJ. Tucker. frGn
I the county Of I.owndes, do make thi,
our protest against the passage Of the
bill to be entitled "An act to iqcorpo
rate The subscribers % the Mississippi.
Union Bank"
/. Because the provisions of The
charter are in violation Of the princi.
pies OF the constitution Of the State,
and ofcquality Of rights intended to be
secured to the people by our repG BIZ
can form Of government. The consti-
tdilon declares, ''that all free men are
equal in rights, and that no man or ser
of men are entitled to exclusive priv
i!eses from the community butin con-
sidcration of public services" The
charter enacts, ''that no man shall be
allowed to subscribe for stock, or be-
come stoekhelder by purchase, unless
nc is land holder or owner of real es-
tate" This is establishing a privilege
order il society, a landed aristocracy.
and granting to those who have been
50 fortunate as 10 inheret a landed
estate from their ancestors, and cxcln.
sive privilege which is withheld from
an honest aud industrious laborer and
mechanic who has been less fortunate
and is not the owner Of real estate.
,. The charter cnacts, that no indi-
yidual shall be eligible as director
unless his real estate is valued at four
thousand dollars, or in the language of
the act,unlcss he has sat the time of his
election in his own right at least thir-
ty shares ofthe capital stock of said
bank" This is violation Of that G.
quality ofrights intended to be secured
to the people by our form Of govern
ment, to prohibit by law one man from
holding office well qualified to dis
charge it, duties, and confer it on his
neighhor, because he has few dol
lars more ofmoncy.
3. The withdrawal of the capital
at the expiration Of the charter, win
produce great embarrassment and dis
tress in the community, uaIess the char
ter il renewed and continued from
time totime, which would make il per
potual and form the stockholdes and
those inheriliag their rights as success
sors into priviiegd order, clothed with
great political power and enjoying i'm
monse pecuniary advantages withheld
rromthe great body ofthe people.
4. Because thcin'qs.ry ofthe coun-
try, the labor ofthc working portion
1f the community, and the property of
he people az we'll as the head Of each
md every taxable person, whether
and holder or not, Will be pledged for
he redemption Of the fifteen millions
,f dollars proposed to be borrowed +
or the exclusive benefit Of The lordIy
tie reckless specalator.
md the whole host Of nonproduccrs,
including az army Of presidents, cash
ars clerks, comni .sioncrs and other
rones in society, too lazy TO earn their
lpport by hopcst industry, to the al
lost entire exclusion ofthe producing
lass, the great mass Of the people,
nd those who In the hour ofperil and
t danger fight the battles Of a couu.
ry.
5. Because the whole capital stock
{ the bank is exempt from taxa
ion, and the burthen Of the GOV.
rnment thrown on that portion Of the
ommunity least able TO pay. Tac
rpat hc1y of tha nronlp submit with !