The Yazoo Whig and political register. (Yazoo City, Miss.) 1840-1842, 1841-06-11
A CRUDE PLAN OF A NATIONAL
BANK. 81

A National Bank with capital Of fifty
millions Of dollars
The United States to DO a stakeholder TO
the amount Of ten millions Of dollars.
The States sevorally to take the balance
Of forty millions Of dollars.
The mother Bank to be located in the city
Of Washington.
The United States to pay into the Bank
Eve millions in United States bonds.
The States, separately, to pay into their
branches bonds Of the States in the same
proportion, according TO the capital of each.s
The mother Bank, as also its branches, to
be prohibited from issuing more paper dol
lars than three TO one Of coin on hand.
All issues, either by the mother Bank or
branches, to be redeemed only where made
PAYABLE, and to be received by the General
and State Governments in payment Of all
dues.
The mother Bank and branches to be pro-
hbiisd from making discounts, except on
real legitimate business paper.
The directors of the mother bank to be
appointed by Congress, annually.
The mother bank to be managed by twenty
directors and president.
Congress to appoint three directors to
serve in the branch of each State.
The Legislatures Of the States to appoint
the balance; each branch 10 be managed by
twelve directors and president.
Eack director to take oath before he en-
tiers upon his duties as a director, to admin.
lister the affairs Of theinstitution under theiI
charge, honestly, imPartially to the best Of
their ability.
The mother bank to make repbrts to the
Secretary of the Treasury Of the U. States
including monthly statements from each
branch, those statements ts be made under
oath.
Gould National Bank be established
upon grounds similar to the above, the bank
would then be what it ought to be. Ma
tiOnal Bank, as all foreign interests would
be entirely excluded. do not know tina
National Bank could be established con
stitulionally upon such grounds, but fee
very sanguine, that it it could be so estab
llshed, with such alterations, modification:
and restrictions as the wisdom Of Congress
might make, it would be more acceptable
20 the American people than any othe
yhich in my opinion could be adopted.
q 1WoNDERs OF AUsTRALIA.-In this remote
e of the earth, Nature (having made hor
oxen, ducks, geese, oaks, elms, and al
ular aud useful Productions for the res
the word) seems detefmined to have
Of play, and to amuse herself as Size plea
Accordingly, she makes cherries wit
stone on the outside, and monstrous an
j. as tall as grenadier, with the head Q
lbbit, a tail as big as bedpost, hoppin
ng at the rate Of five hops to a mile, wit
ee or four young kangaroos looking out,
false uterus, to see what is passing. The
mes quadruped as big as large ca
h the eyes, color and skin Of a mole, al
bill and web feetofa duck, puzzlng Z
aw, and rendering the latter half Of /
. miserable, from his utter inability 10
teTmine whether il was bird or a beai
Add 10 this parrot with the legs of Sc
gull; a skate with the head Of shark; al
a bird of such monstIous dimensions, thai
side-bone Of it will dine three carnivofo
Englishmeh--togeiher with many other p
.duclions that agitated Sir Joseph, lBanl
and filed him with emotions Of distress a
delighi.-Sydney Smith.
st,..1, go. ,T,oI,T, r,,rro,.te a v-re.I,1,