Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1839-02-16

ever exercise that authority, unless 90 cases
where the interest Of our State IS affected. we
have 90 extensive correspondence, and frequently
receive information on valuable subjects; and We
solicit information from all quarters. WIN these
brief remarks, IN order TO enable you TO loFm
some ndisiinct idea Of the object Of our soeieiy'
hasten 10 the duties assigned me by the above
Resolution We have tao vey important sub
jects, now under discussion, before the society :;
Correct Banking Sys,em-and ths importance oil
prosecuting with yigor Internal Improvements
The former, Banking SYSTEM now under DIS
cussion, has many advocates, as well as strenuous
opposers, but recent events have brought over
many OF the advocates to the side OF the oppos-
ers. still there is is a minority Of what Is required
to decide the following questions now under de-
bate, three lourths Of the members OF the society
beng necessary to decide any question. We so
llcit information through the medium OF your CO.
lums;
lst Does the several Real Estate Banks IN
Mississippi tender any security TO the public Tor
their issues of Bank notes
2nd Viewing Them as this society does, as CO.
partners in trade, money, or rather rae money
being in their estimation at present a mercantile
commodiy--is not all property thus secured by
deed of trust to said Banks liable for their lndi-
yidual debts
3d. II their indebtedness, previous to their be-
coming stockholders, was equal IN amount to the
value Of their properly must not the holders OF
Iher notes be dancing on sirawsi
4th. Ought not the public to require OF them
scmi-annual exhibition of the state of their al
fairs on oath!
9th. Ought not the public TO require semi
annual publication of a list OF their stockholders
9th. Failing to satisfy the public on the 9th
question, how can creditor sue the him, II the
law requires the insertion IN the original process,
of all the names Of the company?
These questions were proposed, and advocated
by Squire CrJsty; they gave Use TO much warmth,
and several Of our members were called to order:
an unusual occurrence in our society:-bu when,
on taking the vote, Squire Cnsy (haSlng voted
in the negative on the lst and 9th, and in the al
filmatlye on the I'd, 3D., 4ih and oh questIons)
found il was nearly tiei he rose with all the IT.
rltablllty characteristic Of him, and unfolding his
pocket book at the Secretary's table, threw down
a bundle Of Stalkevlle bank notes, for the pur-
pose, as the Secretary supposcs, of paying his
dues, and resigning his membership but to the
astonIshment of the society, or rather lis men,
bers folding the notes up as lighters, and putting
his hand IN his pocket, he drew thereirom bun
die Of cigars, and with the notes IN one hand,
and cigars in :he other, invited every member TO
take a puff and Light his cigar with Starkvile
rag. Dad burn you was the old gentlemen's
expression, III Try and smoke you INTO my oPn'
ion.
Squire Caution, rose and made few remarks
tba ] 10 dad IN pQ
subject so warmly debated--he considered 1t one
of vital Importance to the interest and prosperity
of the State, and one which should be agltated,
until redress was afforded TO the people, (ho made
here other remarks, which our reporter could mol
understand He regretted, that it was IN his
power to say, that the servants of the people had
treated them Indignantly. lie alluded TO the
| Bank Commissioners Report, and as an EXPIRES
sion of ncrlted censnre, on the part OF this soc-
| etv, he would move that the sum oil $1,000 be
appropriated from the funds of this Society, Tor
| the purpose of having copies printed and dIstri0
uted over the State. lie adyerted 10 many points
connected with the .uhjpct--obseryed that the
banking system Of the State Of Mississippi com
menced in monopoly, and from recent account
bid fair to end in dospotlsm. There was fear
| iul lorebodng in his mind, that unless some We
\ ~ promp. measures were taken by tho people 10
| check these mushroom banks (Which acted as
so many stays TO the chartered banks, cioggng
| I'd the way and lfthey the chartered institutions
did not resume specie paymeni,) would be m
creased ten.fold. lie commended that the rub
| b,sh must first be removed before We could pro-
perly examine the foundation OF the man oui
dino. Iwlll therefore, move Mr.. President that
the corresponding Secretary be requested to OBJ
tam legal advice on the following question
Is il not duty which these Real Estate Bank
mo Companies owe TO the pubc--seml annually
TO publish a list of the names Of the Stockhol
ders-wiih the number of shares they hold ant
the amount of their Indebtedness to said Bank
He, Squire Caution, observed that he .propos
ed, this question, IN addition to those oil his irien'
CIusty's, because he considered II an lmpoitan
one for he had no idea Of taking the mere sal
SO Of men, that millions were secured in trust
! millions there might be, Of trees, bricks an'
boards but he had considerable doubts, II oil
4 examination, they would fnd millions worth 0
property in acres OF good land, or IN brick en'
, Wooden budlngs--und Notwithstanding the im
portance Of the subject Of Internal Improvement
he trusted that the society would Hrs. satisfy 1t
' self on this subject, as the basis on which Inter
! nal Improvement must be iouuded-he meant
correct Banking System, and at the next meeting
he should bring forward some important resc!n
lions on the subject.
. SIMON lRONSIDES, Cor. Secy.
' The Union party Of Georgia have nut Gen
4 Chdnet j. Mcdonald in nomination Tor the Of
/, flee ex-governor oithat state.
i COuniship. Sergeant Bunting says, that tn
$ great secret of success with the women, is /
G ask soon, ask Often, and never take REFUSAL
The tender Shepherd.-An agonised mother
Z al the grave Of deceased child. whilst The So