Mobile register and journal., 1841-12-28

oi vet cs abshcd the laefs usat ttuez " esi Or i;e contrary, the de,eel emeh's o' lse last .,y fiscal yeas, shcw that mote feqaent and dlsis- r0us explos ons have iaken lace among uese kilu i institutions, than any other When they go " me learl. who ftands pledged to iedeea helr worthless 5arerl Where are rlghted homer and ialiht II eon- .iss in fhe liabilities of fh' stock holders m 'he'l ,a,,,ratc cnnaciics, and Uni liability is made up ol Ibe assels of the broken pa>. Individual properly is rescued rum the wreck, and those upon whose bHn,ls fall .he doprecaies paper, when they deinano ifs rrdenptinn are pointed to boggafy account oi pu,iiy vaults What care these stock holders Tor rligtled honor or aithl They dc not l'e among ns' ihey have no interest in common VIII hs' no co'i'"u n;ty of seu,iment.s no kim feeling, no common destiny. Ofali courses al say with the pemo- cratic party ef this state cihef os "oin s'oeN Banks, and stock Iobhers-
 Ifwithin the range of abilities, the Banks oi Alabama should fail to meet rom1ily theif opn,gauohs he holders of her bonds cah in event, snier more ,bsn t,,nnor,rv deny of ravmant. If the alIerna- five of ixafion had to comc inc people would hohora hiy submit 10 it rather than perrht but To rest upon tbc character el their state tt IS not my purpose at this time 10 institute camWrlson between oe '"o systems and 10 iuyost i1aic ne ret"'e ,ei 'eS o' bnth My object is tu gise toyou the resuis oi the roiec.i,s nf iha Democratic party here, and 10 say tn vou they are determined stand by, or 'aii win ths exist,p s,stcm in fIetsfgcc 10 adopting stock Ranks a r,3aseouence iha, mus hollow, m case our Banks are now put inlo fqaalahoh; ior U Is most palnalils inc country at lreent' WsulH oe'haha cjrctina medium of sohe 1ii nr an at'ef, and ms
 rn,,nd v.nld he certai9 {, , us into existence system, against whio, tiP Democracy nave ever peen yarring. Philosophers Noe3 say, t Is better to sui- fer the c, ils that are, thaa liY worse,
 Uron lhis question ihese IS 'S, one "cw "l'l 'i,e dominant party ulthe Logisalur' 'etefh'h'i'S 'o mn to tle s,sgln ns now urganied h prlncile, II Is baleyed ii can lo relieved 3f il emharassments and evi. at east o some extent, l. placing he unaVail- abc ,neons into commission, be realised upon us fast as lhe condition of the capuy will anthorise' and restricting tue opsrali0Y Da'N' 'o "e purchase of Exchange, ang z ie ous mess M lnPe. a cl short date In this yal. 'ena''on wa, oI i
 me stae Dahk nid hfefcsI provided Tor, tle honor and credit Of iiie ftaie ansined necessity o
 taxation avoided. To effect this, some uconyeni. ence must be felt, bit to restrictive measures, the Banks have tn come sooner or Iater, and whenever this is the case, the country feel the bind of the cord. Far better hs, however, than an eternal sus pension, and depieciaied currency.
 The above is an outline of the policy the Demo cratic party have resolved to adopt in reference tc cur Banks, before they adjourn.
 In relation to te appointment of commissioners tt take charge of what shall be considered the suspend ed debt, it will be made the duty of the president ant Board of Directors to nominate suitable persons tt be appointed by the Governor. This determine, by the party to be preferable to having the commis siOners elected by the General Assembly.
 The impression is, the Bapks, since they tc be continued with notifications, will be relieved 0 the drafts that annually made upon them to defra, the expenses of the State government, and disembar rassed of the two hundred thousand dollars appropri ated to the valueless 16th sections Cut loose from these drains, and disembarrassed of the suspended debt e hope may be indu ged ,that the condition of ou
 Banks, under judcious aad enlightened admnistra ton, will be greatly mproyed ifno entirely restored to a sound and healthy state.
 The Criminal Code has been under consideration il the House for several days but well can be udg ed, there appears disposition to alter it material, and it's main features will probably remain as thej are.
 It is now generally conceded that the Chancery Court will not be abolished. third district may be created, and some changes made in the system us now organized. This, perhaps, will be much vii be done.
 The committee on Bank Frauds seem to have re- faxed in their oxerlons; very little said or heard of their progress. take it, the scent which at first was so hot, has grown cooler, as the game gained upon the pursuers; and when the report shall be made, the startling fact will be announced that the game has taken up tree, or burrowed in the ground taken back upon the back rack and totally elud- ed the pursuit of the hunters. presume you have seen the bill conlerriRg " necessary powers" upon this " high court" This is evidence of what may grow out of deep excitement; and how improper it is, to legslate upon any matter about which the public mind is in n nervous and morbid state.
 The Legislature will most likely not djourn before  the Sth of January. Many members are growing restve, and seem satisfied that good can grow out of legislation under the present high excitement that pervadcs their body but believe, the best thing that can be done for the country, is for the members to return home, let of steam, grow cool, and again in the spring. The General Assembly, this session, has not been remarkable for it's dignity disposition to deliberafe. Feeling seems to have usurped the throne of reason, and more heat and confusion has been witnessed, than at any previous session within the recollection of the oldest members In this legs lative melee am gratiled to state, the delegation from Mobile have neither shown themselves Hareqns Trag gedidns, but bore themselves in manner com patbe with their station, sober legislators, repre- senting patriotic and enlightened constituency.
 The elections for Presidents and Directors of the Bank and Branches of the State, will come off this week. There is less feeling and eectloneering for these offices than usual. This is not to be wondered at, since any assoclation with Banks just now, is a- most prima iacie evidence of rascality, at least.