Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1840-02-22
THE BANK REFORM BILL

THE BANK REFORM BILL
We publish to-day the bill reported by the com.
mite on hanks and currency, which grew ont of
the resolutions of Gen. Speght, and as il was adopt.
ed in the House of Representatives. We respect
fully ask our readers to give the bill careful peru
sal. 1t comes home to the interests Of every citi- |
zen of the State.
The provisions Of the bill are plain, and will be |
understood by ALL The object IS simply to compel
the banking institutions of the State to DO that which
they promised to do when they went into operation.
Nothing more is intended. II they win be honest,
and act in good faith to the public, this bill will be
a dead tter-no proceedings will be instituted a
ganst the banks. They will be suffered to hold on
the even tenor of their way, undsurbed and unmo-
tested. That most Of them have abused the con-
fdence reposed in them-have swindled the people
no one, either wing or democrat, will deny. That
some corrective some restraining law is necessary.
to bring these vagrant corporations within proper
bounds, all will admit. We think such corrective
will be found in the bin which we publish. 1t
meets our decided appreciation. Until some such
measure is adopted, we honestly believe, it wiII be
in vain to hook for better times a sound crcuat-
ing medium. 1t is folly to look to the judiciary, sit
uated as we are. We know that is the iavorte
resource .of our legal whg and bank democratic
politicians But it won't do The remedy is too
slow-too uncertain. II might work well with the
gentlemen Of the green bag" but it would act as
an almost indefinite suspension" OF the rights and
best interests of the hboring classes.
rjj- The Argus, has become the apolcgist of
T. NJ. Tucker, Esq, This is just as we ex-
! pectcd. Mr.. rs late course IN the Legislature
has been such as to endear him to the shin pas-
ter, bank party. But the Argus abors under a
slight mistake in nimating that Mr.. L. was in
favor of tho State Bank System, when he was
last elected. Mr.. Il. was then looked upon as
hard money man. opposed to banks both State
and National Had ii been known, at the time
that Mr.. L. would have pursued the course tina
he has done with regard to Bank Reform, in the
present Legislature he would have stood nj
chance Of being elected. We reiierate our for
mer assertion TINT MjT. has, upon this subject
msrcpresented the wishes and opinions Of those
doubt, bat most mistakingly as we verify believe
He may be Democrat theoretically, but hi!
recent course convncess,is that no is not YER
, well suited TO represent democrats
The wings have held a meeting at Jackson, an
b nominated the following gentlemen as Harrison f
. cctors: Hon. s. S. Preutiss, Hon. Thos }. Word
I Jones Stewart Esq. Of Annte and Henry Dicku
b son, Esq OF Lowndes. A very good selection
! douhtcss-but nothing can make Harrison go dow
with the people Of Mississippi; it is perfectly usele'
to attempt il. The Democrats were to have held
meeting for a similar purpose on Friday last. W
n have seen nothing of the proceedings.
:, ~ The two fire engines purchased by III
). corporation of Columbus have been received
l. They were shipped, at Mobile, on board of III
= steamer Avalanche BY our eMerprising Mayo
. and arrived here on Monday morning last. TT
fire companies we believe are both properly o
% gained, and prepared to act in any case Of eme
gency.
~ Our thanks are due 10 General Dron
goole of Va, for a copy of his speech on Il
New Jersey election. 1t has been pronounc,
he ablest argument delivered in Congress
that question, and We agree in the opinion
are also indebted to Gen. d. for several vali
BILE public documents
e. The Virginia Legislature have postpon
indefinitely the election of United States Sen
tor. Had that body properly represented 4
wishes Of the people, Judge John Y. Maso
(Dem.) would have been elected. But there
Some consolation in knowing thai the political re
egndc, William G. Rves, is laid on the SHELF