Mobile daily commercial register and patriot., 1841-07-28

Seventy five bushels of newspapers were despatched from the office on the same day.
 THE STATE BANK SYsTEm.-The next General Assembly or this State will be called upon by every obligation of patriotism and duty, to mark out and pursue some defnitiye and decided policy upon this important subject. The best abilities, as well the soundest principles must be called into energetic tion for the question is difficult it is vital in its bearing upon the honor of the State and the perma nent welfare of the people.
 The difficulty every one knows and feels. It is not only that we, as people, suffering all the of fixed, and in point of duration, an almost hope lessly irredeemable currency-raxing the consumer with the difference between our deprecated bank notes and the unalterabs specie standard of yalue Intolerable this burthen s is the worst fea- ture in the deplorable condition to which corrupt and reckless administration of our State institutions has reduced us. The great evil is rapidly hurrying to its crisis, and every day brings nearer the time, when having been taxed from eight to twenty per in the use of currency, we shall have to be taxed upwards of ten millions of dollars to take up
 the State bonds, upon faith of which the banking
 apital of the State was borrowed. Our Banks, let
 it be borne in mind, have been dealing on bOrOived captala large portion of it has been sunk in prohi- gate administration and reckless favortsm in the discount line The property and labor of the citi- zens have been pledged by the State government for the redemption of the notes of the Banks and the bonds of the State.
 Here, then, is the evil in all it's hideous proporc tons. The great question for the representatives of the people, will be, how is it to be metl What is the remedy? We will not for moment imagine that any man will propose the remedy, refusal to pay the loans. Honesty and honor scout the idea. The debt nuts, be paid. We have borrowed it, squander- ed it, and we owe it. How, then, shall it be paid? Now when portion of the capital is yet unexhaust- ed? or few years when the last dollar shall have been expended for the expenses of the govern ment, for worthless sixteenth sections, and in bad debts to indviduals3
 We make no pretence to superior wisdom upon this subject We are aware of its difficulty, difident of our views of what is the best course of policy; and almost at loss to the way of the State clear
 y through the quicksands which beset its feet. | But there one two propositions connected with the subject which are selfevident to our mind.
 In the first place, like causes will produce like suits in the circumstances, aisrays. tree will not bear figs one year and thistles the next. We, therefore, hold it as certain and demonstrabe that unless radical change is made in the administration of the Banks, the old sore will go on from had to worse, until the whole system becomes lifeless pu trifaction--or, to speak plainly, if the Banks are managed under the inauspicious influences, the Banks never will collect pay their debts-never sume specie payments-wilI finally sink the whole capital, and leave the people foot the bill of bond, 1 principal and interest.
 The chiefand front of these malign influences act
 ing in deadly hostility the health and vitality the system, is the mode of APPOINTING DIREcroRs.- In continuing this mode, (to elect by the Legisla-
 lre) the people guilty of the unpardonable folly of empanelling packed jury in a where the;con- trolling pecuniary interest of the jurors is adverse the interests of the people. who parties to the suit.
 BANK DEBTORS COMPOSE THE GLASS OF STANDING CANDIDATES FOR SEATS IN THE LE- sisLATURE--this is the experience of every county, and they wish go to the Legislature in order so to manage and control the appointment of directors, that their interests may be protected Thus through the madness and infatuated folly of the people who for these men, the representatives of the peo- ple's interests in Bank legislation in their own persons representing powerful adverse inter- est, and what is the consequence? An ordinary knowledge ofhuman nature would answer the ques- ton, without appealing to the loud voice of exper- ence, speaking in every county of the State and from every session of the Legislature? The answer is, that nfdety to their constituents and violation of their trusts is the inevitable consequence.
 The peoplcivery wellremember the black catalogue of Senators and Representatives who were indebted to the State Banks published by authority of the Legislature. Can it be supposed that men whose property and industry for life mortgaged to these Banks, who stared in the face by bankruptcy and ruin, if they do their duty to their constituents, will forego the privilege of appointing the directors who to decide upon such momentous interests to theml Never! What then ought the people to do? They ought ts set their faces steadily against all can didates for the Legislature. not of what po- itca party, who, by the force of their position are unfit Legislators upon the great banking lnterest- In short, the great point is, to PURIFY THE LEGIs LATURE-that is the fountain, and the streams that flow from it will be sweet bitter, ,as that is kept uncontaminated by, free from sordid interest and corruption. We hope the voters throughout the State will ponder upon this thought. For the pres- ent we leave it.