Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1839-08-27
GROSS NEUTRALITY-SUSPICIOUS..

The Van Buren, tory papers in their hypocritical
TRADES upon bank reform have assumed il as a fact
That the Wings Of the last Legislature were in favor
OF charterng and re-Charcrinp banks in any num-
ber and without adding TO their charters such fur
Their restrictions experience teaches 10 be noces-
sary, and the pube safety requires. This assuInp-
ton IS false and libel upon the Wing members OF
The Legislature Because majority of the Wings
refused 10 add such amendments to charters as would
enable Dank men, and those who proposed the a.
lendnents TO rob the public by authority of vested
rights; such as had been tried in other States and
proved TO he but facilities To cheat the people, TO the
men who were their authors, and who secured their
adoption by hurdhlng for bank reform because the
Wings would NOT consent TO such nefarious schemes
they are declared 10 be opposed to a wholesome reg
ulation OF banks.
Let US look at the matter. Did the Wings of the
, LoS'7is"ro deei"e i,rlro ins-oaso Of ha..si
II tcy hld entertained such desire they could have
grained IT, for they were in the majority in both
branches. And what did they OF the several ne
uilons ior new banks and for the recharter of old
ones, TWO, only was granted the bank of Mont
pcIcr was re-carored, with the addition of checks
ana restrictions, such as were considered adequate
for the protection of the public in any contingency.
All others were passed over Now, if the Wings
were for creating monopolies," why did they fail
with forty or fifty majority in the House and ten in
the Senate, TO answer all other applications for
banks
Il is further commended that the Wings are oppos
ed to ludlclous reform in the banking system.
Early IN the session the house passed resolution
introduced by Mr.. Fairbanks of ST Johnsbury de-
clarng that II would not charter or recharter any
BANKS unless large checks and restraints were i'm
posed beyond those before existing. This resolu-
non was supported 10y the Wings and opposed or
eyaded by the Van Buren, members of the House.
According TO the splTit and intent of this resolu-
uon, the following principles as improvements were
agreed upon by the Wings Of the House. and OPP
POSED by the Van Buren, members.
MAKING al
future Legislature 10y
2 Making them subject 10 the provisions of
general banking law
D. That law (Which was passed. provides that
directors OF banks shall not be indebted individual
ly IN greater amount than $4,000
l. That no stakeholder shall borrow on the pedce
of his stock is'
D. That the banks shall not chose as heretofore
a part of the board of commissioners but thai the
commissioners appointed by the Legislature shall
mart Ilg,u ana frequent examination of the con-
Germs OF the banks and publish the same.
@. Making the excessive issue of bills bv the off
GERS Of banks state Prison offence
IN ue lace oi these principles, settled by the
" mgs oi the last legislature, the Van Buren, papers
aver, mat the Wings are opposed 10 securing the
PUBIC against loss by tho banks. 1t will be noticed
ht ihese amendments go directly 10 secure the bill
houefs by cutting of the privilege of the Directors
ana stockholders OF using bank facilities not allowed
% ouefs. Had these restraints been imposed on
lhe windsor bank the public would not have suffer
cd liie loss OF a cent by the concern.
we ask the people to examine candidy the above
principles ana inquire If il is not going as far as the
stety OF the public demands IN one year And
what reliance can be placed in the promises of a
party whose papers and leaders declare over and
over again. that the party IN the legislature thai es
abolished the provisions and principles quoted above
= opposed to properTeiou of the banking systeni
AWAY WIN such party down with tie dema I
iogues who are attempting 10 ride into power by
he a'd Of misrepresentation and hypocnucal prom
ses.- CGiedonfua
Loa Church fouad We find the following sin
guar advertisement IN the Nashua IN H. Gazette.
II Friday laslt
ROUND on The Sd INST IA the woods about Q miles
'eio" Amoskeag, a meeting house supposed 70 have
'faysa away m search Of congregation As II
'alls alone 10 IT'S glory and disatni from any hab
i'lon the Under considers II his duty 20 advertise
/ ana 'nlorm its owners Gifts whereabouts
f're from me Rays II NE Sun-The boarding
''ose OF Mrs Broome, IN Hartford, was set ON 6,e
% sunday last, by The sun and several ARTICLES AZ
ioiNihg' char &c, consumed The fire was
oi"iluile aled 70 portion Of the attic by pane al
..ass 20 nc IAN hight which formed convex Ans
iiD brought such focus 10 bear on some clo,b,no
ns'as o. 'ne Partition as 20 SET them on fire ~
''ii's'f discovery he building was saved