Vermont telegraph. [volume] (Brandon [Vt.]) 1828-1843, 1839-10-16

ana IT so, the inconsistency of general
remuneration of all banking institutions
must be clearly pprcepible. Wisdom
would seem 10 dictate that we adopt and
incorporate into our system such addition
al securities and guards as will ef1ectuailv
ensure the safety of community, aud al
the same time not defeat the object of j S
establishment. Many visionary PROPOSE.
tons on this subject have been, and doubt
less VIII continue TO be submitted, from
various motives, which, though specious
IN theory, will be found, on examination.
lmpractlcable and unsafe in their opera.
tlon. While celebrating upon subject
SO intimately connected with the prosper
lty and we'll being of the whole business
transactions of the country, ii behooves US
carefully to examine the whole subject,
anu 10 profit by the mlsfortunes and fail
ures which have resulted in some neigh
boring States from the adoption of kind
req propositions; and 10 embrace any
new aud untried measures with a caution
corresponding to the magnitude of the iu-
terests TO be affected
Sudden expansions and contractions in
the currency are evils ever to be depre-
Gated. They are usually induced bv the
balance of foreign trade being in favor OF,
or against US. To these evils we must
continue subject SO long as we remain de-
pendent upon European workshops for
so large share of the merchandise con-
sutned in this country We are admon.
Ished by this fact as well as by the depr-
walton anu embarrassment we should ex-
perlence in case of war, of the necessi-
ty OF steadily pursuing the wise policy of
our ancestors, which was, always to sus-
tain and protect the manufacturing enter
prize and mechanical skill Of our own cit
lzens. Though this IS duty more d.
rectly appertalnlng to the genera al govern
ment, stlll, an examination Of our legisla-
tive history shows that il has been the
constant aim of this state to encoura ge. bv
every available means, those branches of
domestic industry. Hence the discrimi-
nations between licenses for the sale Of
farefgn and domestic manufactures hence
the bountes and exemptions which, from
time to time, have been offered and pro-
vlded, and hence the MANY acts of incor-
poraton for manufacturing purposes, ena-
bling number of persons to associate in
the establishment and prosecution of
branches OF business requiring an amount
of capital beyond the means of a single
individual, and involving degree of haz-
ard which no one person would be will
ing to encounter. To this policy we are
mainly indebted for the astonishing prog
ress already made towards supplying the
country with most of the necessaries and
many of the luxuries of life.
II this policy be wrong. then were our
predecessors wrong IF this be a mistak-
en- course, then We're our patriot fathers
mistaken when resisting the efforts of the
mother country to keep US dependent on
her manufactures. The cry of monopo,
Nv, when applied to enterprises of this
character, had no terrors to those pure
patriots. 1t has been reserved for later
age,-infueuced perhaps by different mo.
tlves,-to discover that they are subve. siye
OF individual rights aad perilous to public
freedom.
, In 1887 our militia laws underwent an
entire revision. Some of their provis.
t IONS are deemed unnecessarily burden.
! some and without any corresponding ad
vantage. A careful examination of the
f whole subject is urged upon the LeoisIa
] ture as one intimately connected with the
peace and security of the country.
5 The situation Of the several companies
: of cavalry, as they existed under the old
/ organization, was alluded to in nv com.
: municalion to the Legislature at the com.
: mencenent Of the last session, to which
would respectfully refer you for my views
: The committee, appointed in pursu.
! ance of an act of the General Assembly
! to revise the laws of the State, have in
: formed me that they are prepared to max
: a report at the present session. The at
tention which this committee must neces
;. sarly have bestowed. in examining anc
:. revising the various provisions of GU
Il statute, will doubtless enable them Il
make such explanations aud suggestions
as will material y aid yon in deliheratine
|, upon matter OF such vital Importance.
: The repor. of the Hon. Asa Aikens
! who was appointed under joint resolu
:, ton of the General Assembly of 1887. t.
ascertain whether this State has any CLAIM
= upon the United States for expenses in
Cured during the revolutionary war
i when received, will be submitted 10 your
= consideration.
j i In June last, George B. Shaw, ESQ
n resigned the office of reporter of the de
- cisions of the Supreme Court; the vacan
u cy was supplied by the appointment f.
n the time being, OF Wiililm Weston, ESQ
20 of Burlington.
to In former communications to the Gen
L. eral Assembly, | have spoken of the i'm