Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1842-07-26

ALABAMA MONEY,


sues, and the Huntsville Bank to check
on New York at 60 days date for Is
per cent prem. for its own notes.
The Democratic Herald of Hunts
vile contains the proceedings of a
meeting held at Elyton Jefferson coun-
ty Ala, on the 4th inst, called for the
purpose of obtaining the views Of the
people On the subject of the present
embarrassed condition ofthe currency
&c. The following preamble and reso-
lutions were adopted by the meeting:
WHEREAS, the bills of the Bank of
the State of Alabama and its Branches
have within the last few months depre-
clated TO almost one half their real val
ue, IN the estimation Of a few Of the
money dealers, viz: brokers shavers,
&c., OF our own State and elsewhere:
and, whereas, this depreciation is made
Tor the purpose of speculation, as we
believe our banks will be solvent, be-
ing sustained by the faith and credit of
the State-therefore.
RESOLVED, That we do most earnest
iy request all persons not to bid for
property at sales Of our officers, where
gold and silver or their equivalent, is
demanded,
ReSOtyed, That we will receive the
bills of the said banks in all our trans
actions, and that we believe it to be the
duty Of all good citizens of the State to
receive said bills and to sustain the
banks.
ResoIred, That we respectfully re-
quest each of candidates who now
do, or who may hereafter offer their
services, TO represent US IN the next
Legislature, to give us their views al
as early day as they conveniently
can, on all the leading subjects now
among the people.
Rcsotccd, That the following inter-
rogatories be propounded TO the said
candidates, viz;
Are you in favor Of the school law
as it now stands-if not give your pro.
posed amendments?
Are you for continuing the salaries
of the officers of State and of the Judi
ciary at their present amounts-if no.
which of the salaries doyou propose re-
ducing?
Are you in favor of the present mode
Of electing Directors of the different
banks and their salaries-if not give
your proposed views of changing?
Are you in favor OF winding up any
or all of the banks-and if any which
Of them?
Are you in favor of compelling debt
ors to pay their dues in gold and silver
or their equivalent-if you are in ia
vor of granting relief, in what way dc
you propose giving it?
| Are you in favor Of memorializini
the Congress of the United States, t.
refund to the gallant hero Of New Or
leans General Jackson,) the sum o
one thousand dollars, with interest
which was imposed on him as fine b,
Judge Hail for having proclaimed
martial law at New Orleans, in 1852
Notwithstanding "Ihe Faith Of tb
State is pledged" the Decatur BanI
continues her partial resumption, tn
good people ofJeferson, Mobile AM
other counties resolve, "to sustain tn
Banks, 1.-THE Huntsville Bank TO checl
for Is p. c. prem. &c. notwithstanding
all these, in our opinion the liabilit,
. ofthe State 10 redeem her Bonds is al
in my eye, so long as the present dom
inant party has the control Of her Inst
, tutions. Aswe remarked, in forme
number, there appears to be an innate
) principle among the Locos to repudidl
! and we predict that that honorable pal
.. ty in Alabama will follow the exampI
set them by their predecessors of Miss