Piney Woods planter. (Liberty, Mi. [i.e. Miss.]) 1838-1840, 1840-02-08

most aoplg provided for. BUT, cir.
ger-lemcn's views and definitions c
ta,e government be the correct ones
iastss3 2lail this, It is one Of the mos
imb2cile ana lily constructed ever dc
Tisc3 by iran, and instead Of being ca
c0'scle 0 flF.ler the happiness Of tn
peo 10 the greatest extent, IS Of
zoe oct-ary calculated only TO brcaI
aoTa .hs:rliAerty--to grind them wit!
?opr,ssioa, aud to Operate as the bit
te-es. curse instead OF blessing. w,
vAc -arocate dis right OF the Legis
la.lre = repeal Bank charters are dc
0nr0cei as agyarians--leveilers-
Observation-Disclosures wish.agto break dowr
eroeF time IGNORED landmark and us
aF at ! IRISH out on broad and TEN
10lg ocean of experiment. Blu
ltesa u The worst view in which the
'r3ers.a1! ling and the misrepresen,
sa'.on oto1r opponents can place them
9Qw mild a7a peaceful and safe are
our nciples, when contrasted with
tas onstroIs tyranny and oppressive
tendency Of sacirs! | will not say that
.as tdye~ztes Of those principles are
aoii-cpg5licsns; bc,, sir, when ! rec.
o.'ect rat the chartering Of these in
s-tv us avs claimed 20 be incon-
tr3N "a, 'ti19 It's most able advocate
IN u arcl intellect, who. in his dread
Of ear government taking too much Of
ocratic republican tendency, was
ere- r'v.ng p e1stanp upon il some
Ct sa ayor.e monarcaical powers by
f2e erection Of Offices and institutions
--aty and removed from the people,
an5 7tirely superior to their control,
Z oac7ot bat perceive, that had he
a0o- 70 this day-and could he see
,1e -1ctrines here advocated carried
enc 4 p would hare found his most ar
Gent Tis1es ADD hopes fully realized,
3ne e lreat cu5 for which he strug-
gle- length attained.
set out Mr.. Chairman, from
.hc os'on that Legislatures had the
-gat ran Wing public corporations.
G ais ,!t hrs never been denied, and
r-# r'e will not here be questioned.
ne 1-e !cll that law, or at least the
o~ 80 INV. is the perfection of hu-
~ Ns1n. !fslch is the case, then ;
.eaera governs and applies its maxims,
md Institutes its life. Let US then ,
'x1ne in,o the reason Of the law ,
g-.cl gives to the Legislature entire {
.og2l over other public corporations
orb as towns. cities and counties, and
y Tfthat reason will not apply equal I
: loTcibly to the position thati also
Jag control over Banks. The reason,
81 : ta&e It, why the Legislature is
,cn contcol over these corporations,
s nat the law could never contem-
7&ate chat Institutions involving such
VITAL interests, and taking into the
cope Of their operation so large a
.1-tion Of tn community, should ever
p1aced without the guardianship
supervision Of the people: who are
7lee9d on their public posts as on watch
overs to protect by their vigilance
and activity the interests Of the poo
ple But does not the administering
1f q DanS often involve interests e.
4 lily as vital, and take within its
ar re OF action a portion of the COM
u. ,ty doubiy as extensive? What is |
~ over for good or evil Of the cor
ION ola town, a city, or county
q pared with that with which Bank
ID 2tro endowed!--rcgulating as it
dots by its expansions and contrac-
sonsthe prices ofevery species of prop
III, and holding as it does in its
I, arilcss grasp the very purse-strings
.. the community? Does not the rea-
s3A then apply with double force to
The doctrine we hold9 And shall other
corporations be subjected to Leg'sla-
tive control, because Of their public
nature and extensive and powerful in
francc, while banks arc TO be exempt;
with double the power-double the ex-
tensive inhnence-and embracing
within their operation interests doubly
as important.
I have now, sir, gone over the whole
OF the ground ! intended. and shall
speedily close. Taxing the position
TINT the Legislature has the right to
repeal public corporations, / have en-
deavorcd TO show the criterion by
which we are to judge Of such cor
rorations, to be, whether the charters
we're Granted for public purposes
that tile Bank charters Of Mississippi
were granted for such purposes and
,l,st those Banks are therefore public
corporations. | have endeavored to
show that the grants OF these charters
aec ~ . be considered contracts
and that their repeal would infringe no
.1 ight to the performance Of a
g, ctand no rigat to private prop
~ ugiess tiie fieh' to repeal be
WI -gisfa rBrp -~-t hrFa IL no renap.