Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1839-07-25
Y HIG EFT.
BANK COMMISSIONERS


On the l2lh day Of May, 1887, the Legislature ere
ated the Office of Bank Commissioners The fire, soo
fion Of the act declares that the Commissioners sba
be appointed in the manner hereinafter provided D.
The manner ofeection the mode of filing vacancies
and the term for which the Commissioners were tc
hold their Office prescribed in the 7th, sth and 9th
sections of the act
SEC. 7. Be it further enacted, That the e.
gisature proceed Immediately after the pas.
sage oil this act TO elect the said commissioners,
f, who shall proceed as early as practicable to
4 make a thorough examination as Aforesaid, and
n report the result as early as may be, TO the q
4 ecutlye OF this state: Provided, that said
missioners shall be compelled to reyef e
conditions of their own accounts with III md
all the banks Of this state. ~
SEC. 8. Be IL further enacted, 7 hen.
ever vacancy shall happen in 4. or~e of
either of the said commissioned. from anyI
cause whatever, il shall be theAgty orthe gov
ernor as soon as informed of G fact, forthwith
to appoint from the same district, some suitable
person 10 fill such vacancy
SEC. 8. BE at further enacted, That the said
commissioners shall hold their office for the |
term of two years, but shall be at any time re-
movable by the governor for misconduct or ne
glect duty.
A supplemental act approved May 18th, 1897, de 1
clares that the said act creating the Office of Bank
Commissioners, shall be in force from and after its
passage.
The object in making particular reference to this
Ia" al present Isl to elicit inquiry into the legal author
ny oil uoV McNutt IN making the late appointment of
commissioners. The term of office of the former Com.
missoners expired in May last The Office was crea
ted by the statute, and that statute declares that the
Legislature shall elect the commissioners, and the :
Governor is only empowered with authority to fill va. =
cances. The seventh section of the act contains the
only provision in relation to the election of the Com
mssioners, and the peculiar phrasoology of that sec 81
ton carries strong implication that it was the inten q
ton ofthe Legislature that the office should expire at
the end OF two years, for provision made for any
other than the first election This Interpretation Of m
the statute strengthened by the fact that the sub
ect oil the election of Bank Commissioners for the
TWO years was considered and eected by the last Lee
gsature with the intention of letting the office 90 out
OF existence The modern ocofoco doctrine that the e
governor has the power to fill vacancy which is pl
MADE up OF the whole term of Office despotsm with tn
out limitation The Bank Commissioners are each AL dc
lowed eight dollars per day while engaged in the do III
ties OF their ohce, besides eight for every mile
necessarily travelled in going and returning from, M
the Banks The expense to the State will amount IN qu
thousands of dollars every year. The office of Bunk r
commissioners might be of very great ADVANTAGE to P
Inc State were rational and intelligent men alone an al
pointed to the otce but is notorious that the Of CO Pc
mas been filled by the most inexperienced and violent co
paftzans This is matter of very great Importance 81
TO the people The locofocos are ondeavorng with 80
genuine Van Burenitcal management, to create and
cherish an excitement against the banks which thew
themselves brought into existence, for the purpose of
using it as hobby to ride into office at the November
election To carry out this design the assistance of b
violent and preiudiced Bank Commissioners commit NJ
ted against all banks, is amportant. And if Gov. M
McNutt has acted without authority law in the late oh
appointment of Commissioners the usurpation of now ST
or and It's object should not be concealed from the peo Sc
pie. y,