Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1842-03-12

tELEANS, NikFCn 10 1fl@r--
Mr. Hucston:-Your cosnsnents ufon and
endorsement Of the Opinions Of your fity cor
respondent, in the Gapetts Of the I2tfof Feb.
ruary, on the Bank Bill. have attractE my at
ten,ion. As | voted for the Act ! f,z,l conf.
dent yor will do me the justice TO publish this
hasty reply. | hope j, is your intentnn, as it
certainly should be of all Eiastors. tek present
facts tothe community.
liz answer to yeur first objection, izat parts
Of tire Bill arc not English. you ulll3r.smem.
Der that when the aaind is engaged I'M ntriCate
and lpaportatt s~ubrects, 1t is more lnttalt on the
subject matter, than the language x style IN
which the law is to make It's appcaE lnde be-
fore the public. | admit that seine 4ammati-
cal errors have crept INTO the Bill. Out con-
tend this is no argument against the EnCrlts Of
the law.
in your aecond objection relative f. the Let
and 2nd articles Of the End section.khc read
ing yru have given is 4 strained construction,
for although not altogether clear, 1T can be
easily understood.
The criticism on the 3D. section IL fmistakc;
the first payment is 10 per cent, AID Is per
cent. annually afterwards. Heretofore by the
charters, the Banks 3saninr on naSgage for
five years, required t1ss sum loaned h be paid
in five annual ~ins,a!inents, which ~ per
cent. annually. The Banks had alsk the right
OF closing the mortgage and seIlisk without
the benefit OF appraismeht for BE whole
amount, il the debtor failed TO pay YIN install
mcnt.
Speaking of the 9Th section, you fttempt to
prove he utter inlpracticabllity ofEits opera
ton by ridiculc. This course MY have q
controlling influence over minds {little &C
custoplea tn Investigate subjects, b. will not
be considered eogent with Others ii the habit
Of forming their onlpion by INTERPRETATION
and dclihsration.
Charges are preferred against E1tlier sec
tons, but on examining tire bill, f. correct
thcnl J discover your correspondence has neves
mead The bill as It passed. baviRr N rcferencc
TO the sections as arranged in Tive iii.
| must also inform YOU taat til Act to
amend the frst one. is stEl under discussion
in the House, and 1t is inFossib}e i hell what
change 1t ina undergo, xpuld t m1t then be
the wlscst oalrse 10 wait, until it Jas finally
passed befape condemnation is pron;uncedl
You are opposed to the Board Of yurrency;
in my humble opinion, it is one q the best
provi ions of the Act. { This opinion is
strengthened from the cifcumstaf4 be that the
Board discovered soRse Of 1ae Ban had made
incorrect statements. 1t was wing 10
this that an aluenaatory aef AscanN Eeeessary.
The committee had framed the RlfTipon these
statements, and the premises being false. the
superstructure must consequently be !mper-
feet.
Your supposition as to. the action of the
House, considering it as a Eatire on the Senate,
is not praying the members a compliment.
Can you Tor a moment believe they would be
guilty of a public wrong, ~ which the whole
community would become sufferers, merely
to expose the whole SenAte7 For my OWL
part l can 1ver entertain Hsuch an, opinion
ne, sir, it was done as thifgs frequently are,