Madison Whig advocate. [volume] (Canton, Miss.) 1839-1841, 1840-01-18
CANTON, MISSISSIPPI, SATURDAY, JANUARY IS 1910.

cotton, and the very great increase of IL.
production will compel many of OF
planters to turn their attention to Other
/ pursuits. The manufacture of Iron and
coarse cotton cloths and bagging. labri
Gated out of cotton, would no doubt Be
/ found profitable in this State. and pre-
vent an annual drain Of a million and q
/ half of dollars taken from US BY those
/ To whom we sell nothing. 1t is now wei
ascerialned, that baggIng manufactured
/ out Of cotton answers an excellent pur-
I pose BY dispensing with the use OF
hooks IN rolling the bales, and keeping
/ them unexposed, it would soon supersedc
the use of Scotch aud Kentucky bag
ging. 4 home market would thus be az
lorded for our inferior. stained and trashy
cotton. To advance in the science OF
agriculture, and to ascertain the hidden
treasures of the earth. proper measures
must be adopted by the State authorities
Individual enterprise cannot deveIope our
latent resources for many wears. \
large portion of the rich alluviai lands
IN the State ire subject TO annual inunda-
ton. An investigation Of the means ne
cessary TO reclaim this valuable land
might be the means Of bringing into cul-
tivation several million Of acres now w.
ing waste. The general health of the
people of the State. more especially on
its western borders. would be greatly
benefited by draining the neighboring
swamps. When our immense Mineral
resources shall be fully known. and the
superior quality of our soil and climate
properly appreciated, cmigranis viii
pour into the country; a demand viii
exist for our surplus property. and he
country be soon freed from debt. Dur
ing Our Territorial existence. tobacco. IN
q 20 and rice were cultivated TO some
extent, and with considerable profit
The soil aGd climate IS well adapted 10
the growth Of those articles, and il Is
worthy Of The consideration Of our az (
ricuiturists, whether the cultivation of
those products would not afford good
profit.
The Report oF the Bank Commission /
ers of the State Of Mississippi, and CO.
pies Of my letters TO the President and I
Managers Of the Mississippi Union Bank /
and the President Of the Planters Bank, /
and the statements furnished by them. /
are submitted 10 your ccnsideration.-I
The act approved May I2;h. 1887. pro- 4
vides for the election of three Bank +
Commissioners by the Legislature who /
shall hold the Office for the term Of two
years; and the eighth section of the act
expressly prov ides ''that whenever va
eaucy shall happen 10 the office Of either
Of said Commissioners, from any cause
.ghateUer, It shall be the duty of the
Governor, as soon as informed OF the
act, forthwith 10 appoint from the same
district, some suitable person 10 fill such
vacancy The terms Of the first Com
elected 10 Nav. 1887. expired
near three months after the Adjournment
# the Legislature in February 1880
The law contains no limitation on It's
ace, and expressly requires hat an ex-
minaiioa OF the Banks shall be made
)nce in eacn year. The Legislature ad-
burned in 1889, without electing the
successors to th- first Commissioners.
ind when their terms expired. vacancies
occurred. which ii was imperative on the
Executive. by the letter and spirit OF the ;
aw, TO ill. This duty was discharged {
regret 10 inform you that the CONNIE r /
iaI Bank OF Columbus, the Tombigbv
Rail Road and Banking Company, the {
,berdeen and Ponloloc Rail Road and
e
Bank OF the State OF Mississippi. refused {
o let the Commissioners examine their {
fairs, aud assigned as a reason for their f
that the Executive had no au- q
borlty to commission them. The Bank 6
4 Mississippi. and the Bank Of Grena p
a did not make any reply 10 their appli- q
ation. The Agricultural Bank. and the 4
Vest Fcleciaua Bail Road and Banking a
company. dcniea the authority of the e.
'oard 10 examine their transactions.- q
he Mississippi and Alabama Rail Road 9
Company, alleged that their officers were a
o much engaged in bringing up their q
ooks, and attending 10 their cotton nc
cunt, tha5 il was impraciicable for them d
, attend to the Commissioners. The O
resident pro TEN Of the Mississippi 4
Tnion Bank, in answer 10 the application e
{ the Bank Comml toner's, replied, that j
the Directory of the Institution consi |
er the question as 10 (thc Commission Z
rs Right 10 examine its affairs, settled 4
Y the resolution adopted last year. a
7hen a similar application was made by 1
ne Commissioner then in Office" The n
rounds Of the various refusals, shew an {
tier disregard of the laws of the land. n
tA0 q ttttt Ca- [oiAtCttfAtt " - isas1AAN@
ontrol | have never seen the resolu- Il
on Of the Board Of Managers OF the L
Mississippi Union Bank referred to, bat Q
resume its substance IS TO be found IN {
ne reply of lis President to the former {
dated Nov. Esd 1855 0
IS therein stated that the Legislature c
is equally competent with yourseives1 {
} perform the duty, and would be free r
rom the influence OF any disqualifying {
las growing out Of a preconceiTed oPin- d
IN, which we have ample reason 10 ap- Z
rehend might not be the case with a
ourselves, in prosecuting an examina-
on Of the Bank II
The act Incorporating the subscribers {
, the Mississippi Union Bank, did not {
ecelve all the sanctions required By the {
until the fifth dav of Feb (
uary. 1888. No rights attached under q
he law previous TO that period. The G
steps for the organization
f the Bank, had not been taken previ-l