Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1841-11-20
ALABAMA q

ALABAMA.-GOU. Bsg5y's Message The Banks
in Aahami are State institutions. their capital hav.
ING been procured on State credit Tho present
system has been ia operation about eighteen years
Gov. BAGBY suggests % the Legislature several al.
icrations winch hc thinks eNpcrience proves 20 he
necessary the better wnrking OF the system lie
recommends that the present mode OF eleciins H..
rcciors be discontinued aud thai in place OF IL tho
Governor bc empowered % nominate % the Logs.
llturo double tho number OF directors 90 he clls,n
ami ilni out OF the nlmcs thus submitted a choice
of the requisite number should he made BY the
two Houses lie further recommends that the na,n.
her of drectnrs be reduced TO two and a Prcsi,leni
iof each Bank. ard That those officers be pail by
such Liberal salaries To couimlnl the hest fin,n.
cial ability ia the Safe. They should be rcouir,d
To devote their constant time anl attention 10 the
business OF the Banks. S,ne of the G,vcrn,r's
remarks on this point are sound and sensible. lie
says:
u may he remarked os general rule. both in re.
g'rl 10 public AMI private affairs that those Who arc
willing 10 labor Cor nuihing. fall most usually. an.
der tho denomination OF hiul Bargains THIS re.
mark does not, at ursc. refer 10 burg inns which
confer great political distinction. which are donbt
less sought. ia many instances. even at an entire
sacrifice az every thing Ike pccuniar en- l!umcni
1 from love % honest fame anil the more cnuoblinc
1 ietihik u bilFoii-ln Dul - TAR uS our banks
cUnceTnod experience furnishes am ,lc tesimJny
the fact. that their present e1harrassrd condirinn
a oSing "a great measure 20 the election. in for
mor periods OF directors. who accepted the situations
without any stipulated conpcnsliio sufficient e
compensate q man ofordnary capacity. with the
| fixed determination 10 compensate themselves -
Volunteers certainly answer admirably la some de
plrmenis of service; but experience has amply Pm
we'd, that they MT always the appro praic corp
&. ,,.L.. u. l.
fatal tendency uf the present course pursued both
in Legislation ami the management Of tho banks Is
that il will inevitably place them under the ccniro
Of their debtors. Let this state OF things be once
accomplished. aud 1t requires pa cipaiion IN ihS
spirit of prophecy 10 oreiell that the best directed
legislntion afterwards will he Of no avail
The Gpvernor CONSIDERS IL his duty torecommcnd
That the B,nks be relieved least Cor the pre- ent
from delaying the expenses Of the State Govern
neni This onernus burden. IL appears hns constiIu
ted one OF the Conditions uppn which the Il tnk,
have had the u~e Of the States rapiial-or rather
credit. Direct taxllin Is urged as the best m slc
of pruSiding for the expenses uf the State Govern
mchi, during The interval Of relief which it is pro
posed to allow to the Banks
| Tho establishment OF n sinking fund is al yisol
for tha redemption Of the State bonds anil the rrIu
/ al eXiingnsiment Of the public debt Amer max
ing HE suggestions on these points the Governor OK
presses his readiness To sanction any other plar
I which the Legislature may devise that my be NOR,
/ likely 10 accomplish the objects which h. is per
shaded they oil alike have IA view. We qaoto the
ollnwing passage for the sake Of the sentiment viii
which II concludes:
IL il impossible TO rccrr 10 our banking system
without beng adm nished that il is based on b,r
row ed capital. and that tho faith md credit of IA,
State ore solemnly pledged for the payment of thai
| capital And Alabama IL To herself To her pas
history. every period OF which II signa!izcd 10y de
lNoiion 10 sound principle she IL 10 her fuiur
fame, and TO the great and good men To whom sh,
IS indebted for the rich inheritance Of q written
cnnsiiiuiion. 10 pursue sIch n will enablS
her at all times 10 redeem the obligations of her
| plighicd faith with scrupuluus fidelity
large portion of the Message j. tlken up witt
n discussion IF The General Ticket system. Thu
plan Of eecIing rcprcscHtaiiv ~ 90 Congress was
dopted at previous Session OF The Legislature. =
Snce rkai time, at an oXrl session last : ring the
popular sentiment seemed adverse 10 the system
| The Governor expresses sumo doubt whether ihs
wishes Of Tho people fully aud fairly decl ,rct
on the subject lie 10 himself in ilvnr Of the Gen
eral Ticket system; he believes IL q be the onl,
constitutional mode Of el cling the congressiuna
representatives Of the State We shall I,ui % iui,
Tho details ofhIs Argument.
The Mess'gs is dcciJed against the Distribute,
Nri Sithe Extra Session We find niIhing IN hi,
EEccllencys reas'ning which his not hecn a,lyam
cci before ON Liis topic. Denuncitiion has dom
us worst already; the supplementary clII ions o
Gov. Btg'y Will adj litIle effective force 10 "a,
party rlanour W ich some are cldaayuring o. kce
up against the excellent law It's own VIII ,lesnm,
oPrriiiun will sustain IN the face Ol heavier 4
Than Il is likely TO encounter.