Piney Woods planter. (Liberty, Mi. [i.e. Miss.]) 1838-1840, 1840-02-01
MESSAGE
OF THE GOVERNOR TO TIE LEGIsrA
LUKE OF TIE STATE OF MISS.
[CnncludeliA

" - az - n IL Va MIt5.
n (Concluded.A
nd The Report Of tie Bank Comm
he sioners of the State OF Mississippi. al
u copies Of my letters 10 the Preside,
re and Managers of the Mississippi Unic
so Bank, and the President of the pIat
al lers Bank, and the statements GIrntshc
y by them, are submitted TO your cor
- slderation. The act approved Ma
- l2th, 1897, provides for the election {
:, three Bank Commissioners by the Les
!, lslature who shall hold the office 70
. the term Of two years; and the eight
section OF the act expressly provide
d THAT whenever vacancy shall hap
pen in the office of either of said Com
missione5s, from any cause wIsateur, il
shall be the duty Of the Governor. az
soon as informed OF the fact, forthwith
to appoint from the same district. some
suitable person to gill such vacancy, ;"
The terms OF The first Commissioners
elected in May,lS37, expired near
three months after the Adjournment Of
The Legislaturein FEBRUARY 1889. The
law contains no limitation on its face,
aud expressl J requires that an cxami-
nation of the Banks shall be made
once in each year. The Legislature
adjourned in 1889, without electing
fhe successors to the first Commission
ers, and when their terms expired. va.
cancies occurred, which it was impera-
1--WE on the Executive, by the letter and
spirit OF the law, 10 fill. This duty
was discharged. regret to inform
you that the Commercial Bank osCo-
lnmbus; Tombighy Rail Road and
banking Company: Aberdeen and
fontotoc Rail Road and Banking
Company. and the Planters Bank o,
the State Of Mississippi, refused to let
Ihes commissioners examine theiraifairs,
md assigned as reason for their re.
asal, that The Executive had no author
y to commission them. III Bank OF
VI slssippi, ana the Bank Of Grenada
I'd not make any reply TO their APP
hcation. The Agricultural Bank,
nd the West ieliciana Rail Road aud
Company, denined the author
y OF the Board to examine their ,
ansactions. The Mississippi and A.
'ama Raj Road Company. alleged {
at their officers were 10 much en- &
lg"d in bringing up their boobs, and Il
tending to their cotton account, that Il
was imPracticabIe for them to attend n
the Commissioners. The president re
. lem of the Mississippi Union II
INK, in answer 70 the application OF
the Bank Commissioners, replied. fu
at "the Directory of the institution in
nsider the question as to the Com to
ssioners' right to examine its affairs, sh
tied by the resolution adopted last til
ar, when similar application was SCI
de by the Commissioners then in Of me
e. The grounds Of the various re. tn
ais, shew an utter disregard of the
vs. of the land, and thorough con- le!
npt Of Legislative control. | have Is
yer seen the resolution of the Board tin
Managers of the Mississippi Union the
nix referred to, but presume its sub OF
nee is to be found in the reply OF sue
President to the former Commis ny
,ers, dated Nov. 23rd, 1893. II is of
rein stated that the Legislature SIS The
ally competent with yourselves to bar
form the duty, and would be free rel'
n the influence Of any disquaIiying mel
5 growing out of a preconceived nisl
MON, which we have ample reason stat
lpprehend might be the case with tim
rseIves, in prosecuting an exami- stat
ion of the Bank. beG
The act Incorporating the subscri- ban
; to the Mississippi Union Bank, stat
not receive all the sanctions re. adv
ed By the Constitution, until the for
day Of February. 1888. The amc
iminary steps for the organization acc,
he Bank, had not been taken pre- due
S to that time, and no principle is adv
er settled, than that Bank char tact
! operative, until accepted by the "a
,oratois. The second section Of boar
act, approved May 18th, 1887, and ton,
n went into operation at the date toge
its passage, expressly provides, to t
/ allbanksand corporations having OF G;
ding privileges, that shall hereafter banl
reated, under the authority Of t;lis disco
&, shall be subject to the provisions and
aimed in This act" tits, therefore, doris
:. chat the bank commissioners, had indi,
lit 10 examine the Union Bank. 1t wi