Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1841-07-17
a. NATlON,I

-ns general lfafuirs ~, 81 Nc
same as those ofthe fecent ~, ~ ne he b.. a..
pans Asour morning paper re g.a'd arc ..
SIS o. Tie BIZ, We hnl i, ~ ! Ssh'aiued a.,
here ne prop siton Of ,ha SS.ssaTy 70 r,r...
,i.n ~ r.. 5, c ,as ! 70 5e retained gS reg,
y, ,,oe .5as Songtess is 70 have po. wy, Tie sl.,
10 S0eo00'e0e, the dividend , ~ 10 iuere,,.
per cent. This, IT'S said ), 0e 'e',net3
trading. This is a CURIOUS moo :, . PFeysti o..
ceniage Is 10 be Fesiric,sd -, S'S ~ Tt
extended almost ad liJ;fas, ' principal, d,
wo W. 95e T. proposed capital Of so ' cent
s @Iu.e os si'seO,O00. and ! Re, S9O't04Q5
lays capital Of $4,000, wd pst Cent q y.
~. hIs indicates the dffsrens. '.a ~ De S35sos
sH'S,s on the subject Of oyertfad;n, = 1epiaoal b,
q restricting the dividend appea,s - Us pro,,,
b,a I'ss.e and for political purpo' IS 'isod
Tssa., s.,.''s surplus that can BE- ma L tie
ia LIE or sunk IN the paper Of ,b baa ao d.
win very tittle chance of detee,on 'as poItca.,
provisions Of the fsca! agent Of N. \ leE oftbs
Oeen aoopled. with The view Of mali. l wing hars
cession 10 the aYoWed prihciolss y. sonsca
tive. The whole bill i. hawsyas e' Inc Ersf5
% rslnslale The old charter Of The Ji", ols't Tia
D'''A' WIN an increased capitaI,and ''eu Sia',,
most dangerous description. Tbe a powers o'4s
'a,l9h o. locating the mothe. bant ~ = az adsc.
nous any business beng done ,b". "a'ls Pm.
! ,'s,i wen SHOWING 'halit is Of Eule neFe
WI mn,eh : called the mother bank, ub1a 5'a'ac
anN '',iiuenee Is concentrated at Tho n ne Pfetr
branch. he benefits hat are - k ms Ne~ fok
'he Dank are sci forth mnh mos, usi,'tdfoa
reliance on the magic influence srl pc heated
no committee appear to have lo,oa,, 0alA Pafs.
Sass I zen aware, that the events or5. l a'a
Yeas nave drawn the public at,ens :, ', a. as ,y
= we currency, and the practc,l 70 'oe sao
nave u received, have dispeled lba "s''Ns 'lsy
'nS' attached to the paper syst NJ 'sr'l'dlta,
s'nSe' "A bank Is no longer iooko5 lew [1lH
ave. ana approached in ali bunil%,. DP % T&
Pehsef OF I'll good. The vel has, h w. I'e Dis
us'ue' ana the corrupoR, ven Jlly, ~, I'.a daaa
ences OF these lnstnutans, are ~ ',1 v'I NTH
STOOD It's singular that among a,ba p' =! snde,
o'ess'ns' an amelIoraton of the cGm,,a promised
Seu longevity, wer3 not enumerated >. # 0ctFa'
" ';'S y, wonder working bank. 0ral Il. s'ps
men's that have been advanced in layn W, 'nG ',.''
n''iia' BANK the following from The r4,a, ~ a.
US as the Most conclusive. ~r0' S'.As
National banks, in other coun,,;..
hecess ~ OF National bank IN ,bis , ''se' Zoe
l'Ne manner as National Governments ,nr,,. "a
nations must be met by National Go ,u,o'e':o
IN ours" ''"' "o'ernmeH
"na' a haPPy condition we should h. u ,
"lefe was Out one nation. No goyt,nmer,' a IVY
'"eh ne necessary, AID how eylrns,y, ''''
number ol Inhabitants might be- there wopd -.
occasion for any head but as there n,a ' ' " ~
"0''ohS WIN national governments, and h,y
not lIAey to be lad aside why mus, a. oa..., wy
ours. he same necessity, Nnicn,jn n, .u,,."..
u lofe'5n NATIONAL banks, CAUSES lbe c,enn.n''
"'uo"al odhN hete, We presume s!ll alr, II ,
national debt. Our naIotaI debt vas .yt,6amb.l
aoou' NE time Of the expiration of tho chsp,r ~
'iN bahk, aud II IS wonderful that lbe ro,,a.,,,.
DISASTERS mai have siuce belalItt.havo ro,hy n.
advocates d national debt, been ~ ,ribei,, n,
eNIIneulshnehl Of HE old one. iIou,y., AK.
ne" Administration lay d 1n tie broad r,e ~,
Whatever exists abload, must, ofneces,ly sx.,
here, TOO, and the new debt is alreaAy of.nos.5
we shall soon have an hereditary Sena,e. T5r
constitution IS MOI so explcil ON hls poin. at
maj Tie Concentrated money power nay find .ugi.
c'ehs arguments mis- favor
he report Of tho COMMITTEE states thai ear
nine out OF ten Of It's readers know to be At yat.
ance WIN me truth, viz that a large naionlyd
me people are IN favor Of It. In every case vnqre
sac p1Phlar voice could DO tested,tbe nsiofity hs,
~, ], : verse 70 bank. The popular branch d
our 0ia'e Legislature, rad, al lis recent sp,soaa
majority against the Bank. In the leading com,
'asiciat cislfs' whenever tho question has been
lalii ysiesed, The majoriy has beta adverse 10 4
oank. lhe commercial and mercaMie classes
aie thoso which have hitherto been Supposed
most in favor Of a bank. The views Of these
ciasses arc no doubt, best reflected in the cpa.
IONS q tho leadlHs merchants N The city Of New
1ofk' these compose the Chaiabgr otccm
meFce.
Atlwo different meetings of The Chamber 0
recently, votes were taken on The oaesuop; al ii,
nrstlfc vote stood sc in favor 10 is against 4
ne second 30 III favor 10 III. The So in avo
men sent u memorial 10 Congress praying lor
bank' although thy constituted but a small PAT
OF me ChaatDer. Immediately aterward anohe
memorial was got up opposed 10 bank,an sign
ed by 81 members
hoe voting against the Bank are the resula
merchants, who look only fot steady carre1c
ana lice trade, wherein each man stands on hi
own resources and the currents OF business lei
Tree from The interference Of corporations. Thos
Young IN lavor Of the Bank are they who expcc
70 derive some direct advantage from The coutfo
alu PACK door interest in the concern. King
uooohae and steveas are the agents OF the hous
o. Barring Y Go. London, through whom the in
'hehsc mass OF stocks To be created are to con,
upon the London market. For notwithstanding
'le 'Waddle II the report about protecting Amer
Gun interests from the assaults Of the Bank
England, by means Of q National Bank, lhe nc
ney toHsiaEt that Bank must be borrowed in Lot
oon. The London capitalists, with Their agent
nefe' are al work in all directions urging The &c
cumplailon Of debt and The Strengthening Of secr
r'''ss' with view 10 plumber The producers Of nj
county. Clay and tho Bank clique are playa