Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1841-07-24

-''' A.7-l'. 0sttl cave N d..
5ol51a, Of Tie Senate pro,e,. 49, -.
otlh- Un.0a Bank b.I. '''' ING i-zz.-
An1 the qsesaoa being laden ,.s-..-
Il was decided DO the atii-pa,rro
NuereupoH, the foToWlOo 49,.
Hanson AisbJry and Tl1Gu,,.,- ~ Sea Or
/ Senate, TO wit: -''-'l-i Q. Is.
We, Hanson Alsblry, Senator fro,, a.
a district, composed ofthe comm = -,i'a-.
Green, Hancock aud Jackson -. - IFerr
lucker, from tie county OF Iown5as l. n
thIS our protest against the BIN eo,;.,. - '4'a
to incorporate tie subscribers IN 80 ~ 40 e;
! pl Union Bank" 4Ss'sl,
Isl because The provisions Of the rl,...
IN violation otthe principles Of the 60 ,-. = a'a
.: the State, and of that equality OF r,gs,. '-'l
ded 10 he secured to the people By ON, .s-.
form OF GevenmeHt. The CONSTITUTE. = .oaeal
"thai aatfeemca are equal ia rights. ,ss lsS'aft'
maa OF SET q men are 'niilled 10 erelu,ire ~ .
tegeS from The community but "a co sd It.
public Srrtce. The charter enacrs ,b.,- 9
SHALL be allowed TO subscribe for stock .. - 'a1
asiockhoIder, by purchase, unless lie ( 9'I0as
holder or owner Of real estate. This sai'
fishing privileged order in society. ana IA'A
tocracy, and granting TO those who have ~ ~N
fortunate as to inherit landed estate from NJ ~ y
ancestors an exclusive privilege which ! x,.. 'Ii
from the honest and industrious abor4r A.. r,I.Ea
chanlc, who has been less fortunate and !, lug, F
owner of real estate. "@e
End. The charter enacts that no i,an,
shall be eg bic as a Director unless n, ,''4d'
tate IS valued at four thousand dollar. q, 9
language Of the ACT, unless he has, 'a ae ,aa p.'
his election, in his own right, at least thry .S'
OF the capital stock Of SAID Bank" this ,''s'
ton OF that quality of rights intended to bs
cured to the people by our form of poyarom.n,
to prohibit. by law one man from hol5ng os.
well qualified 10 dsharge its duties, and So,a.
on his neighbour because lie has few da,,.,
more Of money.
Sd. The withdrawal of The capital at fe .,
pratlon of the charter, will produce great enb,,
rassmcnt and distress in the community m...
the charter is renewed and continued from H.,
to time; which would make it perpetual and Farm
the stockholders, and those mhertlnp their r,s,
as successors. into a privileged order cloiel
with great political power and ENJOYING mmeo,s
pecunary advantages, Withheld from the oe,
body the people.
4th. Because The industry of Tie country. ,ao
labor OF theworking portion of the community and
the property OF tae People, as well as the head d
each and every taxable person, whether lana.
hoder or not, will be pledged for the redemptol
otthe iltteen millions and half oil dollars pp9o.
Sed TO be borrowed for the lordIy Iandaoder, Ne
reckless SPECTATOR, and the whole host ofnoD.pro.
ducers, including an army Of presidents, cashiers,
clerks, commissioners and other droneS in sople.
iy too lazy to earn their support by honest indus.
ry. to the almost entire exclusion OF the prodDcaa
claas-the great mass Of the people, and those
who IN the hour OF peril and oil danger fgli the
I battles of the country.
9th. Because the whole capital stock Of the
Bank is exempt from taxation, and the bufhcl Ol
the government thrown on that potion Of the
u community least able 10 pay. The great body Of
the people submit with cbeertuInes3 to a tax,
equal IN It's operations, levied on their persons
+ and property for the purpose of defrayng the OF.
binary expenditures Of government, but Il is uo.
}. ]ustunequal and oppressive to compel The hooesi
farmer, 1t lllned mcane and the ioulucyaao me
chanlc, 10 contribute portion OF their bard eor.
n'ngs for the suppor; OF government and at The
!; same time exempt the wealthy lald holder with 4
n hundred thousand dollars, from the paymea Of
any tax whatever on that portion OF his property,
merely because he has it invested iii Bank SIoch
9th. 1t changes the well known laws Of The
n State On the subject Of mortgages for the eSeia,
sive benefit Of the Bank, the provisions Of wacl
e are not extended TO other mortgages.
) It'll. Because instead OF extending The charitable
hand OF leet to all unfortunate stockhodeI lAt
bank is expressly authorized by the chatter ll
n dlyest him of his Office and sell his property vito
out hearing before the judicial Tribunals Of Tn
country and IN violation OF that clause ia tne coh
4, stltuton, securing to each and every nJHdua
the right Of trial by jury.
G Sth. Because the restriction III relation 70 w
e improved lands,wi operate unequay and aaIus'
y on the citizens OF the new counties, ~neTe
i large proportion of ne lands are necessarily MAJ
> uGcuIuyated stale, and give decided adYan'aS
!, to other portions of the State.
n 9th. Because the Bank goes into SUGGEST.
operaton,5.a TIE plan contemplated by It's lsa9 "
it will dictate laws to the public aud coD1O "
destinies of the State. me mother Oapa Nv, y,
> control the branches, the branch 1liA' 40 I'D :,
holders, and the stockholders the q. o'oi' =
Institution. It will select all the candloa'" .
public favour and command its mercenay 0aH
OF presidents, cashiers, clerks commlssloners,&c
20 sustain It's nominations under the PenaIy
removal from office, which power Of removal
: granted by the charter.
10TH Because /, viii not answer the eSPecta
ton of the people, for the directors Of the branene
viii be the creatures Of the mother bauk, suglec
to It's arbitrary will, and in their accommodate
prohibited from exercising their own sound ''
cretlon.
18th. Because It will create artificial dsInC
tons IN society, make the rich richer, The po'el
more powerful, the poor poorer. 1t will place %
refns ofgoyernment in the hands OF a landed aE'
tocracy, corrupt the fountains oflustce,ala maA
l al. -