Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1840-11-26
ALAYAMA-Gov. BAGBY's MESSAGE.

The subject of the Currency and the relations Of
the Banks 10 the State Government, constitute the
FIRST topic Of this paper A national Bank is belle
we'd by Governor Bagby TO be unconstitutional, and
tie question that presents itself to his mind is how
to adjust and regulate the operations Of the State
Banks 50 as to enable them to supply sound and
equable currency. Ca this point he says:
After a foil reflection, aided by careful and re.
spectful examination Of several OF the most appro-
we'd theories upon the subject Of banking am Of o.
pinion that this object might be attained with res-
sonabe ceraDtyin well hanged banking Institutions
by never permitting the circulation OF bank TO ex-
coed two dollars ia paper for every dollar Of specie
in It's vault, such points the ordinary busi-.
Of the bank might render il necessary to have
il.
He recommends that measures be taken to bring
about speedy resumption Of specie payments by
the Banks the basis Of this regulationalso that
the mode Of eleeliHg Directors be changed 50 to
prevent too intimate connection between those Of
hcers and members Of the Legislature, and that the
salaries the Presidents Of Banks be increased.
Under the act Of the last session recall and can
eel tire unsold bonds issued BY the State OF Aaba-
na it is stated that bonds the aggregate amount
Of 81 sol 900 have been cancelled; and proper
steps have been taken 70 recall all tue unsold bonds
now in he possession Of the State Of Alabama
fhe witadraw lul Of so large OF The State
Slbtk liVfu market IL Is beliefEu, WI nave UGuB
hcal effect upon tine credit Of the commonwealth.
The attention ofihe Legislature is called to the
Penal System OF the State; TO the better arrange
ment Of the Chaucery Courts and to the claims of
the State upon the General Government for expen-
ditures growing out OF the with the Creek Indi
ans.
Education aud Internal Improvements are treat
ed Of. IL IS recommended that portion of the
States capital now employed in Banking, be with
IL I It'd n
Public works. Six millions are considered suffi.
cent for all the uses Of Banking in the State; the
sum at present appropriated in the State, amounts
ten millions, ght hundred and sixty thousand
dollars IL is suggested to Connected the Tennes.
river with the nayigabe waters of Mobile Bay
by work Of internal improvements canal
raj road, or a macadamlzed turnpike. The Gov
ernor gives the preference to the latter. IL it shall
appear 10 the Legislature that the finances OF the
Stale are not adequate to carry out at present, a
system both of Education and Internal Improve.
ments, the Message recommends that the latter be
postponed, and that the available resources of the
Treasury be applied to the purposes of Public In
siruction.
The su3Jes' Of Domestic Slavery is treated of at
some length and with much earnestne5s. In allu-
sion to tho presentation of abolition petitions to
Congress, the Message says:
II is possible, that Southern Statesmen fred
with just indignation. at he repeated efforts of
No bern and Eastern members OF Congress to in
tr with rights secured TO them by the constu
tloH u a common country, may have erred in refu
TO receive petitions upon the subject of abolish
ing slavery. may be possible that this subject
embraced within the comprehensive principle Of
the inalienable right of petition. If So that right
should be received, referred to committee of abo
tionsts, who seem to set themselves up as the Pc
culiar guardians OF humanity and Justice with in
suuctions to report their views, in order that we
may be fully applsed of the extent Of their designs
IT, on the other hand this subject does not fa
within the scope of the right Of petition it ough to
be made felony by law Of the Uaited States to pre-
sent them.
The message concludes by recommending the
adoption of the general ticket system in the elec-
ton of members of Congress-andf for this, weighly
are urged.--Bah inner.